KLSE (MYR): TDM (2054)
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Last Price
0.225
Today's Change
-0.005 (2.17%)
Day's Change
0.22 - 0.23
Trading Volume
776,600
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22,556 comment(s). Last comment by FortuneBlooming 6 days ago
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart) > 2020-02-14 07:46 | Report Abuse
Mabel
23,606 posts
Posted by Mabel > 2020-02-12 12:33 | Report Abuse
AFFIN: Top Calls Sector Update – Plantation (OVERWEIGHT, maintain)
Inventory declined to 31-month low: Malaysia’s palm-oil inventory in Jan20 declined to 1.76m MT, its lowest level since Jun17, as CPO production fell significantly for the fourth consecutive month to 1.17m MT. We expect the lower demand for palm-oil products from the trade spat with India and the coronavirus in China to only be a temporary setback. We expect CPO prices to be supported by the tightness in global supply of the 8 vegetable oils, especially in 1H20. We maintain our OVERWEIGHT rating on the plantation sector and our CPO ASP assumptions of RM2,500-2,600/MT for 2020-21E.
Huat Chaii