palm oil

Broker's Calls

Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong

SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research house

Commentary

Pay up, or they give up

SINGAPORE (May 13): The row over the palm oil industry and the detrimental effects it has on the environment has intensified in recent weeks, fired up by the European Union’s plan to curb the use of palm oil in biofuels. Significantly, biofuels only eme

Palm oil

Smallholders' big impact

Smallholders contribute 35% of Indonesia’s palm oil output. However, there is little incentive for them to farm sustainably, and the industry will not change until they do. In this second of our two-parter on the issues surrounding palm oil production (

Palm oil

Greater transparency required to curb deforestation in Malaysia

SINGAPORE (May 13): While the proposal by Teresa Kok, Malaysia’s minister of primary industries, to cap oil palm plantations in Malaysia at 6.5 million hectares by 2023 grabbed headlines in March, some environmentalists were uncomfortable with the targe

In print this week

The palm oil complex

Consumers and investors in Europe want the palm oil industry to be sustainable. It comes with a cost that is likely to be paid by the oil’s biggest market — Asia. In this first of a two-parter on the industry, we look at the complexities of certificat

Broker's Calls

Slow recovery ahead for regional plantation sector

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.

In print this week

The pushback against palm oil

SINGAPORE (Dec 7): The pushback against palm oil is escalating given the industry has been accused of everything from widespread deforestation and transboundary pollution to displacement of wildlife and even human rights abuses.

Broker's Calls

First Resources earnings held back by inventory build-up

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

Results

First Resources posts 43% drop in 1Q earnings to $37 mil on lower revenue

SINGAPORE (May 14): First Resources reported 1Q18 earnings declined 42.8% to US$27.7 million ($37.0 million) from US$48.5 million in 1Q17.
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