Singapore Stock Market News

Malaysia Plantation - Pure Upstream Plays

StockFanatic
Publish date: Wed, 26 Mar 2014, 12:58 PM
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Pure upstream players stand to benefit the most from rising CPO price. Although CPO futures price came off by 6.4% from its peak recent, we remain bullish on the CPO price. Among the companies under our coverage, IJMP is the most sensitive to CPO price movement partly due to its young age profile and strong production growth but its current share price has reflected the potential production growth and expected higher CPO prices.

Maintain OVERWEIGHT on regional plantation.
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