Singapore Stock Market News

Regional Plantation - Recovery Play

StockFanatic
Publish date: Wed, 05 Nov 2014, 10:04 AM
StockFanatic
0 10,453
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.
Crude palm oil (CPO) prices are set to recover at a more gradual pace vs our earlier expectation of a stronger price recovery. We have trimmed our CPO price forecasts for 2014, 2015 and 2016 to RM2,400, RM2,525 and RM2,600/tonne respectively. However, we see trading opportunities emerging after the heavy selldown in Oct 14 and expect CPO prices to recover from the current RM2,300/tonne to hit RM2,500-2,600/tonne. Our picks are First Resources, Bumitama Agri and Sarawak Oil Palms. Maintain MARKET WEIGHT.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment