Singapore Stock Market News
ASEAN Plantations - Minimal quake effect
StockFanatic
Publish date: Mon, 08 Jun 2015, 03:10 PM
StockFanatic
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A strong 6.0-magnitude earthquake rocked the state of Sabah, prompting concerns that palm oil output from Sabah, which account for 31% of Malaysia's palm oil production, could be affected. Our checks with the planters reveal that their palm oil operations have either been unaffected or just minimally impacted by the event as most of their estates are located some distance away from where the earthquake struck. We maintain our Neutral rating, with First Resources as our top pick.
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