Mar 6, 2014 | Agriculture
Profit taking hits Astra AGro Lestari (AALI) this morning, but peers continue the rally. Wilmar Cahaya (CEKA) advanced 7.4% to make a total 75% gain since early this year. In Singapore, First Resources gained 2.7% in the opening hour, while in Kuala Lumpur Sime Darby...
Feb 28, 2014 | Agriculture
Bumitama Agri Ltd, a joint venture between Indonesian group Harita and Malaysian IOI Corp, posted net profit of Rp855.46 billion last year, grew 8.6% from 2012, thanks to almost 66% jump of net profit in the last quarter of 2013. Indofood Agri Resources, controlled by...
Feb 27, 2014 | Agriculture
The benchmark May 2014 contracts of crude palm oil (CPO) finally settled above RM2800 per ton on Wednesday (Feb 26). The commodity gained 2.56% to RM2804/ton. Falling output and stockpile due to wet weather in Indonesia and Malaysia contributed to the rally. Our...
Feb 21, 2014 | Agriculture
The benchmark crude palm oil (CPO) contracts for May 2014 advanced RM47 to RM2755 per ton, the highest level since late 2012 on lower output in both Malaysia and Indonesia. Our research on 25 plantation companies listed on Bursa Malaysia pointed 5.3% decline of output...
Feb 19, 2014 | Agriculture
The benchmark May 2014 contracts of crude palm oil (CPO) finally settled above RM2700 per ton this week. Contracts for March-June also ended above RM2700 per ton, while the second half hovers below RM2700. Lackluster production in Indonesia and Malaysia contributed to...
Feb 14, 2014 | Agriculture
In the past six years, we have repeatedly reported about auction of palm oil assets of Benua Indah Group, which were used as collateral for loan facilities provided by state bank Mandiri (BMRI). This morning, Ketapang District Court in West Kalimantan relaunched the...
Feb 13, 2014 | Agriculture
Reports about significant drop in India’s import of crude palm oil (CPO) in January 2014 failed to stop the rally in futures market yesterday. The benchmark price of CPO for April 2014 advanced to its new high since early January. Shares of plantation companies in the...
Feb 10, 2014 | Agriculture
Plantation companies listed on Bursa Malaysia started 2014 with mixed results. Preliminary results of our research pointed to three out of six reported substantial palm oil output growth last month, but three others suffered from raining season. Genting Plantations...
Jan 29, 2014 | Agriculture
Shares of plantation companies ended mostly lower ground in the region Tuesday (Jan 28) as crude palm oil (CPO) dropped further to its new low in the past two months. Wilmar International lost 1.27% in Singapore, while Felda Global conceded another 1.2% in Kuala...
Jan 10, 2014 | Agriculture, Industries, News Group
Thanks to falling rupiah, price of crude palm oil (CPO) in rupiah already increased by 20% in the past few months to around Rp10,000/Kg (US$845 per ton). If rupiah stays below Rp12,000, palm oil producers would report significant improvement this year. One of...
