GENP

Sector: Plantation

Analyzed on 22/8/2021

GENP has been on a downtrend since RM10 early of the year. After touching a 9-years low of RM6.5, GENP rebounded this week across EMA25/50 and closes at RM7.12. The rebound is still pre-mature and too early to tell if it is a trend reversal.

The earnings of GENP is highly dependent on these three factors:  (i) CPO prices, (ii) lockdowns duration, and (iii) a rise in labour/fertiliser/transport and other costs. While earnings is around the corner, let’s see if the rebound is short-lived or confirmed to be a trend reversal.

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NOTT INVEST 

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