KUALA LUMPUR, Aug 25 — MIDF Research has upgraded Genting Plantations Bhd’s earnings forecast to RM612.3 million for the financial year 2022, while maintaining its forward year earnings as the total production, assumptions on margins and blended cost to be more reflective of forward anticipations.
“The net earnings came in above our expectations, making up 62 per cent of full-year estimate. It is however within consensus estimates at 54 per cent,” the research house said in a note today.Meanwhile, CGS-CIMB Securities Sdn Bhd has projected lower net profit in H2 2022 for GenP due to lower average selling price achieved for its crude palm oil and higher fertiliser costs.
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