Singapore Stock Market News

Regional Plantations - Fairly decent biodiesel subsidy

StockFanatic
Publish date: Tue, 10 Feb 2015, 03:19 PM
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Indonesia's parliament budget committee approved IDR4,000/liter biodiesel subsidy.

The approval is said to be for 1.7m KL of subsidized volume with total subsidy estimated at ~IDR6.8tr (or USD0.5b).

Top BUYs in the region are Bumitama Agri, First Resources, Genting Plantations, Sarawak Oil Palms and Sime Darby. SELL IOI Corp for its steep valuation.
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