crude palm oil (CPO)

SINGAPORE (Apr 9): OCBC Investment Research continues to rate the soft commodities sector “neutral” despite the renewal of interest in the sector and higher forecast of the year’s price to close.

SINGAPORE (Feb 28): Maybank Kim Eng and RHB Research are maintaining their “buy” and “neutral” ratings on Bumitama Agri with higher target prices of 97 cents and 67 cents, respectively.

SINGAPORE (Feb 28): Indofood Agri Resources (IndoAgri) has sunk into a loss of Rp 211.7 billion ($20 million) for 4Q18 compared to Rp 76.9 billion in profit a year ago, due to significantly lower profit in the Plantation Division arising from weak commodi

SINGAPORE (Jan 31): UOB Kay Hian is maintaining a “market weight” rating on the regional plantation sector given the lack of catalysts to drive share price performance as well as expected weak upcoming 4Q18 earnings.

SINGAPORE (Dec 18): DBS Research has an “overweight” rating on the Singapore plantation sector with Bumitama Agri, First Resources (FR) and Wilmar as its top “buy” picks.

SINGAPORE (Dec 11): Wilmar International last week signed a joint statement with Aidenvironment Asia, a not-for-profit consultancy in the field of sustainable production and trade, to reaffirm its commitment to “break the link between oil palm cultivati

SINGAPORE (Dec 10): RHB Research is downgrading its recommendation on Bumitama Agri to “neutral” from “buy” with a lowered target price of 60 cents from 80 cents previously.

SINGAPORE (Dec 6): CGS-CIMB Securities is maintaining “neutral” on the Asean agribusiness sector as Indonesia revises its export levies on palm oil and its derivative products, following a drop in crude palm oil (CPO) prices.

SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents, 81 cents and 80 cents.

SINGAPORE (July 11): If you thought 1Q18 was a challenging period for the palm oil industry, the outlook for 2H18 could be worse as market watchers worry about a production surplus in 2H18, due to seasonality and low production in 1Q18.