KUALA LUMPUR, May 20 — Maybank Investment Bank Bhd (Maybank IB) expected the yields of Malaysian oil palm planters to recover in financial year 2024 (FY2024) following the return...
Honey in the Rock brings dry oxtail 'laksa', fried chicken and artisanal ice cream to PJ's Damansara Kim
It said that some Malaysian-listed plantation companies reported lower fresh fruit bunches and crude palm oil yields in FY2022-FY2023 versus FY2020-FY2021 due to lack of guest workers harvesting and field maintenance following border closures during the Covid-19 pandemic. “However, its operating cost per CPO tonne has grown faster by 7.5 per cent CAGR over the same period to RM2,435 per tonnes in FY2023. Unit cost has risen faster in part due to falling CPO yields in recent years,” it said.
However, the bank also said if planters were able to lift their yields, the bottom line would be significantly enhanced.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit opens marginally lower against greenback as investors await 1Q FY2024 GDP announcementKUALA LUMPUR, May 17 ― The ringgit opened marginally lower against the US dollar today as investors await the announcement of gross domestic product (GDP) performance for the...
Read more »
Aeon delivers strong financial performance, achieves 51% growth in PAT in 1Q FY2024KUALA LUMPUR: Aeon Co. (M) Bhd recorded significant increase in its profit after tax (PAT) for the first quarter of the 2024 financial year (1Q FY2024...
Read more »
Kenanga maintains Supermax FY2024 net profit, cuts FY2025 forecast by 54pcKUALA LUMPUR, May 10 ― Kenanga Investment Bank Bhd has maintained Supermax Corp Bhd’s financial year 2024 (FY2024F) net profit forecast but cut its FY2025 forecast by 54 per...
Read more »
LCT narrows net loss in Q1 FY2024 financial resultsPETALING JAYA: LOTTE Chemical Titan Holding Berhad (LCT or the Group) announced its first quarter financial results for the period ending March 31, 20...
Read more »
Investment banks upbeat on Malaysia’s GDP outlook, ticks geopolitical risk as downsideKUALA LUMPUR, May 20 — Maybank Investment Bank (Maybank IB) has raised its 2024 and 2025 real gross domestic product (GDP) forecasts to 4.7 per cent from 4.4 previously, and 5.1...
Read more »
Maybank IB: Johor-Singapore SEZ has competitive advantage in attracting fresh FDIKUALA LUMPUR, May 10 — The Johor-Singapore Special Economic Zone (SEZ) could be a formidable competitive advantage in attracting fresh foreign direct investment (FDI) from...
Read more »