Singapore Stock Market News
Plantations - Eyeing government action
StockFanatic
Publish date: Thu, 11 Oct 2012, 11:15 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
The record high end-Sep Malaysia palm oil stocks are a dampener on
CPO prices, but this has largely been priced-in. Oct stocks may rise
further unless swift action is taken by government to speed up exports.
We maintain our Trading Buy call on
regional planters. Our view is that
CPO prices will recover by year-end,
driven by the lower production
season and potential government
action to boost palm oil exports. Our
top picks are Astra Agro, Indo Agri
and Sime Darby.
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