Plantation
MPOB Review and Outlook 2024
Mon, 15-Jan-2024 08:03 am
by Steven Chong • Apex Research

  • Only two speakers expressed their view on CPO price but both maintained a bullish view. CPO price expected to range between RM3,900-RM4,200/tonne in 2024, with strong rebound anticipated in 2H24.
  • We maintain Neutral view on the sector with no change to our CPO price assumption of RM4,000/tonne for 2024.
  • We advocate investors to hold planters with strong dividend yield such as KMLOONG (HOLD; FV: RM1.84) and United Plantation (HOLD; FV: RM17.66).
Recommendation: Neutral
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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.324289 4.356381
EUR 4.811286 4.818234
CNY 0.611140 0.611494
HKD 0.554703 0.558834
SGD 3.320927 3.345892