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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
May 17, 2019
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
May 13, 2019
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 (
May 13, 2019
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
May 13, 2019
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
April 29, 2019
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.
January 31, 2019
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.
December 07, 2018
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.
May 15, 2018
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.
May 14, 2018