El Nino Risks Likely Supporting Malaysian Plantation Sector

Dow Jones
07/07

0227 GMT - Crude palm oil prices are expected to remain elevated as rising El Nino risks add to geopolitical supply concerns, Kenanga IB analyst Khoo Teng Chuan says in a note. The U.S. agency, the National Oceanic and Atmospheric Administration, has declared that El Nino has begun and sees a 63% chance of it strengthening into a severe event later this year, he notes. With edible oil supplies already tight amid resilient food and biofuel demand, plantation stock valuations remain attractive, he adds. Kenanga maintains an overweight rating on the Malaysian plantation sector, citing resilient edible oil demand and higher CPO prices. IOI Corp., Kuala Lumpur Kepong and PPB Group are among its top picks. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

July 06, 2026 22:27 ET (02:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10