Singapore Stock Market News
Plantations - Biodiesel to the rescue
StockFanatic
Publish date: Mon, 26 Aug 2013, 09:48 AM
StockFanatic
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We estimate that this could raise
Indonesia's biodiesel consumption by
1.26m tonnes, which is positive for
CPO price (benefiting regional
planters) and Indonesia's biodiesel
producers (Wilmar and First
Resources). We expect this news to
keep CPO price firm during the high
production season. We remain
Neutral on the sector, with Wilmar,
First Resources and IOI being our top
picks.
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