Maybank Investment Bank Bhd raised its 2010/11 forecast for crude palm oil
(CPO) prices to RM2,600 per metric ton from RM2,400 on expectations
aggregate vegetable oil production could switch from surplus to deficit
next year.
The research house maintained its “neutral” rating for Malaysian
plantation stocks, while raising some individual share forecasts to
reflect higher potential earnings, according to a report today.
Genting Plantations Bhd was increased to RM8.30 from RM6.70; IOI Corp to RM5.70 from RM5.20; Kuala Lumpur Kepong Bhd to RM20
from RM18.30; and Sime Darby Bhd to RM9 from RM8.20. – Bloomberg
Source : Business Times
