Regional Plantation Companies
Accumulate on weakness
Malaysia’s Oct13 palm oil stockpile of 1.845m MT was in line with forecast. Nov13 palm oil output to drop 6% m-o-m; but stockpile may rise 3% m-o-m as exports slow down. CPO prices, planters have risen too much too soon. Accumulate on near-term weakness. Top picks: IOI, TSH, BAL, IFAR, WIL. Higher palm oil prices, as consumption for energy usage jumps in Indonesia next year.
Source: HwangDBS Research - 12 Nov 2013
Created by kltrader | Jan 03, 2023
Created by kltrader | Sep 30, 2022