Rakuten Trade expects CPO prices to stay above RM3,000 a tonne with RM4,000 being a main hurdle in the coming months. – REUTERSPIXPlantation-related stocks are expected to continue to receive investor interest this year, thanks to the rise in crude palm oil prices and the vaccine-driven recovery creating pent-up demand for commodities, according to Rakuten Trade’s head of research, Kenny Yee.
In regard to the impact of the biodiesel mandate this year, Yee notes that biodiesel remains a not-too-attractive proposition given its price point and the expected export levies being a source of revenue for the industry, at the current crude prices. For the sector, the research house’s top picks are Visdynamics Holdings Bhd, JCY International Bhd, Elsoft Research Bhd, Inari Amertron Bhd, and MI Technovation Bhd.