Singapore Stock Market News
Plantations - What is driving CPO price?
StockFanatic
Publish date: Fri, 01 Nov 2013, 10:45 AM
StockFanatic
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This has eased concerns about rising
palm oil stocks and boosted the
buying appetite of major consumers
for palm oil. We think the price
improvement could be sustained,
although the upside may be capped
by rising competition from other
edible oils and the narrowing CPO
price discount to soya oil of US$145
per tonne. Maintain Neutral. Our top
picks are Astra Agro, First Resources,
IOI and Wilmar.
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