SINGAPORE: Blockbuster initial public offerings (IPOs) appear to be making a comeback in the region ahead of an expected interest rate cut by the US Federal Reserve and as investor confidence returns on the back of an improving economic outlook.
KUALA LUMPUR: Most planters are expressing optimism that the second half of the year will prove stronger due to seasonally higher fresh fruit bunch production, said Hong Leong Investment Bank Research.
"CPO production cost, on the other hand, is on track to trend lower in 2024, on the back of higher productivity and lower fertiliser prices," said the research firm in a note. However, HLIB said prospects at the refining sub-segment will likely remain subdued given the overcapacity of refining facilities in Indonesia.
During the second quarter, HLIB said five of the eight planters under its coverage reported results in-line with expectations.
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