crude palm oil (CPO)

SINGAPORE (June 27): OCBC Investment Research is maintaining “neutral” on soft commodities with Wilmar International as its top sector pick due to its more diversified operations compared to industry peers.  

SINGAPORE (June 21): Despite the US and China having agreed to back down from imposing tariffs in May, the Trump administration has gone ahead to slap a 25% tariff on up to US$50 billion ($68 billion) of Chinese products.

SINGAPORE (May 15): RHB is reiterating its “neutral” call on First Resources with a fair value estimate of $1.75.

SINGAPORE (May 8): Bumitama Agri (BAL) reported a 16.8% decline in 1Q earnings to IDR231.8 billion ($21.7 million) from IDR278.4 billion on lower revenue and compressed margins.

SINGAPORE (Apr 30): Integrated agribusiness group Indofood Agri Resources (IndoAgri) reported earnings of Rp 49.8 billion ($4.8 million) for the 1Q18 ended Mar, down more than threefold from Rp 170.6 billion a year ago on lower sales volume and selling pr

SINGAPORE (Mar 5): CIMB is maintaining its “neutral” call on the agribusiness sector while maintaining its average crude palm oil (CPO) price forecast of RM2,700 per tonne ($913.33) for 2018.

SINGAPORE (Feb 21): UOB Kay Hian is maintaining its "buy" on Bumitama Agri given its young tree-age profile with high oil extraction rate (OER) that can offset low crude palm oil (CPO) average selling price.

SINGAPORE (Dec 14): RHB is maintaining its “neutral” recommendation on First Resources with a target price of $1.86.

SINGAPORE (Dec 13): RHB Research is maintaining its “neutral” call on Wilmar International with a lower target price of $3.31 compared to $3.33 previously, after applying a lower target 12 times FY18F P/E for the plantation segment to factor in the sh

SINGAPORE (Nov 15): RHB is maintaining its “buy” call on Bunitama Agri with a target price of 95 cents, after the group recorded strong 3Q17 results.