0244 GMT - Malaysian plantation companies are likely to post decent on-quarter 2Q results thanks to higher output of fresh fruit bunches and relatively stable palm oil prices, says Hong Leong Investment Bank analyst Chye Wen Fei in a note. However, she expects crude palm oil prices may remain capped through 3Q due to ample supply of vegetable oil globally before potentially recovering in 4Q. She maintains her 2025 and 2026 crude palm oil estimates at 4,200 ringgit a ton and 4,000 ringgit a ton, respectively. Hong Leong maintains a neutral rating on the Malaysian plantation sector as it sees no strong near-term drivers to lift crude palm oil prices. It names IOI Corp. and SD Guthrie as top picks. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
August 03, 2025 22:44 ET (02:44 GMT)
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