Tag: KL Kepong

Those Continue to Invest in Palm Oil: KL Kepong

Short-term outlook of crude palm oil (CPO) yet to improve with contract price for most part of 2018 traded below RM2500 per ton. That, however, doesn’t prevent companies to expand in Indonesia, the world’s largest producer of the commodity. Two companies listed on KL Stock Exchange with growing plantation operations in Indonesia, for example, have recently joined forces for downstream processing.

Read More

Palm Oil Expansions

Ample stock and higher output contributed to correction of crude palm oil (CPO) prices in the past few months. Some expect the current price will be stable for most part of the first half of this year, relying on demand from India and Asia, while others anticipate further short term correction. One or two companies might decide to sell plantation assets, while others continue expanding processing capacities.

Read More

Merger & Acquisition Updates

We’ve seen increasing merger and acquisition activities in Indonesia in the past few months, including in the resources sector. SGX-listed coal producer Geo Energy Resources Ltd with operating mines in Kalimantan has completed the acquisition of PT Surya Tambang Tolindo, which holds a concession area of 4,600 hectares in Damai sub-district, Kutai Barat Regency.

Read More
error: Content is protected !!