11.06.2018 (The Edge Markets MY) - SINGAPORE (June 11): Crude palm oil prices may have hit a bottom, as risk seems limited after the significant decline from Feb 17, UOB Kay Hian analysts led by Leow Huey Chuen write in note.

* Maintains 2018 crude palm oil average selling price assumption at RM2,400/tonne

* Plantation stocks trading at PE of 22x, almost 1 standard deviation lower than 5-year average

* Biodiesel demand could support palm oil prices while high supply and inventory may limit upside

* Upgrades sector to market-weight

* Maintains buy on Kim Loong Resources and Sarawak Oil Palms