Singapore Stock Market News

Regional Plantations - Muted 2015 outlook

StockFanatic
Publish date: Tue, 06 Jan 2015, 03:02 PM
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■ We cut 2015-16 CPO ASP forecasts by 7.7/3.8% to MYR2,400- 2,500/t following the slump in crude oil price.

■ Amidst a flattish price outlook in 2015, focus on companies with good organic growth, and asset downside buffer.

Top BUYs in the region: BAL, FR, GENP, SOP, and SIME. SELL IOI Corp for its steep valuation at 27.7x 2015 PER
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