Aug 13, 2014 | Agriculture, Commodities
Shares of First Resources Ltd, controlled by Indonesian family of Fangiono Ciliandra/Surya Dumai Group, collapsed 4.55% this morning as investors responded negatively the company’s first half 2014 results, where it posted 28.8% drop in net profit to US$73.96...
Aug 12, 2014 | Agriculture, Commodities
The benchmark October contracts of crude palm oil (CPO) recovered RM9 to RM2185 per ton this morning after trading as low as RM2162 per ton. Interestingly, only seven out of 14 plantation companies listed on KLSE reporting higher output in July 2014 over July 2013. KL...
Aug 11, 2014 | Agriculture, Commodities
Agriculture giant Japfa Ltd expects to raise US$158 million from an initial public offering (IPO) on the Singapore Exchange (SGX) mainboard. The company has yet to release its first half 2014 results, but peers (Charoen Pokphand Indonesia, Malindo Feedmill, and Sierad...
Aug 8, 2014 | Agriculture, Commodities
Bumitama Agri Ltd, a company listed on SGX with market capitalization of S$2.2 billion owned by Indonesian business group Harita and Malaysian IOI Corp, logged three interesting disclosures to the exchange and investors Thursday (August 7), including its plan to...
Aug 8, 2014 | Agriculture, Commodities
Agriculture giant Wilmar International Ltd booked net profit of US$332.52 million in the first half of 2014, dropped by 37.7% from the corresponding period of 2013 due to weak sales revenue growth and squeezed margins especially palm & laurics and oilseeds &...
Aug 7, 2014 | Agriculture, Commodities
The benchmark October contracts of crude palm oil (CPO) ended lower by RM5 to RM2249/ton Wednesday (Aug 6) after trading as low as RM2239 per ton in the morning session. July 2014 CPO output from some companies listed on KLSE were not convincing compared to the same...
Aug 6, 2014 | Agriculture, Commodities
KPB Nusantara, the joint marketing office of state plantations, sold 11 out of 12 CPO packages (13,000 tons) auctioned off Tuesday (Aug 5) at Rp8815-8975/Kg (VAT 10% included). The benchmark October 2014 contracts of CPO on Bursa Malaysia Derivatives, meanwhile,...
Aug 5, 2014 | Agriculture
Shares of plantation companies end mostly lower in Jakarta and Singapore Monday (August 4), but edged higher in Kuala Lumpur. The benchmark October 2014 contracts of crude palm oil (CPO), meanwhile, settled further down by RM16 to RM2268 per ton. In this report:...
Aug 1, 2014 | Agriculture
Plantation shares end mostly lower ground in Singapore and Malaysia Thursday (July 31) to tracking further corrections in crude palm oil (CPO) prices. Strong CPO output in Malaysia and Indonesia plus the end of fasting month of Ramadhan contributed to further downfall...
Jul 24, 2014 | Agriculture
Astra Agro Lestari (AALI) ended flat at Rp26000 Wednesday (July 23) despite the company’s strong performance in the first half of 2014—where it posted 91% jump in net profit to Rp1.37 trillion, because of further corrections in crude palm oil (CPO). Dharma...
