News Formal

Higher yearly earnings for plantation companies

  • 📰 staronline
  • ⏱ Reading Time:
  • 28 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 75%

Commodities News

Plantationsector,Crudepalmoil,Ffbproduction

Nvidia did not receive a U.S. Justice Department subpoena, a spokesperson said in a statement on Wednesday.

TA Research has maintained its average CPO price forecast at RM4,000 per tonne for 2024 and RM3,800 per tonne for 2025, respectively.

For 2Q24, the sector posted a significant 93% y-o-y increase in profit, largely attributable to a low base in 2Q23, which had been impacted by lower palm oil prices and higher operating costs. Meanwhile, CIMB Research has an “overweight” rating on the sector and described the 2Q24 results as generally in line with expectations, with five planters reporting results in line and two missing expectations.missed our earnings forecasts primarily due to lower-than-expected manufacturing margins and losses from Ta Ann’s timber division,” it noted.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plug the holes in the plumbing industry, says WeeNvidia did not receive a U.S. Justice Department subpoena, a spokesperson said in a statement on Wednesday.
Source: staronline - 🏆 4. / 75 Read more »