|
CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
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.
Prices of Groundnut Oil, Palm Oil Jump Over 40%
24/08/2022 (Business Post, Nigeria) - Nigerians paid more to purchase key food items as prices of groundnut oil, palm oil, rice, beans, beef, tomatoes and others skyrocketed in July 2022 at the market as the inflationary pressures continue to dig deeper into their pockets.
Boustead Plantations 2Q profit up 51% on stronger palm oil prices, cautions about high costs in 2H
23/08/2022 (The Edge Markets), Kuala Lumpur - Boustead Plantations Bhd's net profit grew 51% to RM73.22 million or 3.27 sen per share for the second quarter ended June 30, 2022 (2QFY22) from RM48.37 million or 2.16 sen per share a year ago thanks to higher palm oil prices.
