Mar 12, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) for December fell RM44 to RM2101 per ton Monday, while January 2013 deliveries down almost 3% to RM2240. These are the lowest levels in more than three years. Most plantation shares lost more than 10% year-to-date, except BW Plantation. The...
Mar 5, 2012 | Agriculture, Industries, News Group
First quarter 2012 results of plantation companies were mixed. Some of them reported higher sales revenues, but most posted lower operating and net profit. It is understandable if we look at average prices of crude palm oil (CPO) in the period. The average spot month...
Mar 2, 2012 | Agriculture, Industries, News Group
Salim Group and Japfa Group are two of the country’s largest players in food business. Salim is the largest producer of flour, noodles, and operator of the largest fried chicken network. Japfa Group, meanwhile, is the largest supplier of meat, including chicken and...
Feb 10, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) has yet to stop falling. On Tuesday (Oct 2), the benchmark December contracts dropped RM209 or about 8.5% to RM2255 per ton on Bursa Malaysia Derivatives. October contracts, meanwhile, tumbled 7% to RM2140 per ton. Hit the bottom already? In this...
Jan 10, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) for October delivery slashed by 5.4% to RM2290 per ton on Bursa Malaysia Derivatives Monday (October 1st). In Jakarta physical market, the commodity gives net price of below Rp6,000 per Kg to producers. CPO market has gone wild and tested your...
Jan 9, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) for the benchmark November contracts were struggled to stay above RM3,000 Friday as it closed higher by RM19 to RM3,019 per ton. Plantation stocks were settled in wide range, with PP London Sumatra (LSIP) fell 6%, while Astra Agro Lestari gained...
Jan 8, 2012 | Agriculture, Industries, News Group
The benchmark October contracts of crude palm oil (CPO) retreated to below RM3,000 per ton again Tuesday (July 31). The commodity has dropped substantially since February. Higher sales volume, however, offset the falling price, especially for Indonesian planters. In...
Jan 4, 2012 | Agriculture, Industries, News Group
Four companies under Sinarmas Forestry Group have released their 2011 results. Pulp and paper manufacturer PT Indah Kiat (INKP) Tbk posted a tiny net profit of US$16 million on US$2.56 billion sales revenues, while Tjiwi Kimia (TKIM) booked net profit of US$70.4...
Jan 1, 2008 | Agriculture
Bumitama Agri Ltd, a JV between Harita Group and IOI Corp, has gained 39% from its IPO price early this year to make a company with market capitalization of S$1.8 billion. The company has just secured US$170 million term loan facility from some banks. How about its...
Jan 1, 2008 | Agriculture
We all know that crude palm oil (CPO) prices dropped 20% year-to-date in international market. So, it’s understandable that Bakrie Sumatra Plantation (UNSP) reported 29% drop in sales revenue. Unlike others, however, this company posted net profit of Rp6 billion...
