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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Lower CPO selling price may drag TSH Resources 2H earnings, says Maybank IB
24/08/2022 (New Straits Times), Kuala Lumpur - Maybank Investment Bank (Maybank IB) Research anticipates TSH Resources Bhd's second half of 2022 (2H22) net profit to be lower following the recent crude palm oil (CPO) average selling price (ASP) correction and cost pressures.
CPO futures extend gains as demand improves
24/08/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, spurred by positive market sentiment.
Genting Plantation pays 15 sen dividend after 2Q net profit surges on higher palm oil prices
24/08/2022 (The Edge Markets), Kuala Lumpur - Boosted by sharply higher palm oil prices, Genting Plantation Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) more than doubled to RM223.43 million or earnings per share of 24.9 sen, from RM104.63 million or 11.66 sen.
Far East 2Q net profit soars to RM70.18 mil on higher CPO, PK prices and FFB production
25/08/2022 (The Edge Markets), Kuala Lumpur - Far East Holdings Bhd’s net profit more than doubled to RM70.18 million for the second quarter ended June 30, 2022 (Q2 2022) from RM32.54 million, fuelled by firmer crude palm oil (CPO) and palm kernel (PK) prices, as well as higher fresh fruit bunch (FFB) production.
Hap Seng Plantations pays five sen dividend after 41% profit rise in 2Q; warns CPO price will soften more in 2H
24/08/2022 (The Edge Markets) - Hap Seng Plantations Holdings Bhd's net profit for the second quarter ended June 30, 2022 (2QFY22) jumped 41.08% to RM66.9 million from RM47.42 million a year ago, on the back of higher selling prices for crude palm oil (CPO) and palm kernel (PK), despite lower sales.
Palm oil industry should aid in increasing public welfare: Minister
24/08/2022 (Antara News), Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto believes that existence of the palm oil industry and its products should be able to increase the people's welfare.
Palm oil may test resistance at 4,452 ringgit
24/08/2022 (Business Recorder) - Palm oil may test a resistance at 4,452 ringgit per tonne, a break above which could lead to a gain to 4,680 ringgit.
Palm rises further on soy oil strength, export data awaited
24/08/2022 (Business Recorder), Jakarta - Malaysia’s palm oil futures rose for a fourth straight session on Wednesday, tracking gains in soy oil prices amid concerns over weak US output, while investors awaited domestic export data for further cues.
Harvesters’ shortage to impact Sime Darby profit
24/08/2022 (Daily Express), Kuala Lumpur - Profit from Malaysia is likely to be affected by harvesters’ shortage but Sime Darby Plantation Bhd (SDP) is confident that other operations will be able to offset the fall.
