0213 GMT - The downtrend in Malaysian palm oil stock levels may extend into February, Hong Leong IB analyst Chye Wen Fei says in a note. This is due to the continuation of seasonal production declines and a rebound in exports, supported by restocking ahead of the Ramadan festival and the recent widening of palm oil's price discount against soybean oil, she says. Chye maintains her 2026 CPO price estimate at MYR4,200/ton. Hong Leong maintains an overweight rating on the Malaysian plantation sector, and pegs SD Guthrie and Hap Seng Plantations as its top picks. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 21:13 ET (02:13 GMT)
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