Oiltek International Set to Benefit From Rising Palm-Oil Production -- Market Talk

Dow Jones

2024-12-09

0552 GMT - Oiltek International is well-positioned to benefit from rising palm-oil production in Indonesia and Malaysia, Lim & Tan Securities' analyst Nicholas Yon writes in a research report. This growth is largely driven by government mandates for higher biodiesel blends, and the company addresses this demand with its patented technologies and innovative solutions, the analyst notes. Additionally, a key growth driver for the vegetable and edible oil process engineering company is the production of sustainable aviation fuel, which is gaining traction amid global efforts to achieve net-zero emissions by 2050, the analyst adds. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.21. Shares are up 2.6% at S$0.985. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 09, 2024 00:52 ET (05:52 GMT)

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This growth is largely driven by government mandates for higher biodiesel blends, and the company addresses this demand with its patented technologies and innovative solutions, the analyst notes. Additionally, a key growth driver for the vegetable and edible oil process engineering company is the production of sustainable aviation fuel, which is gaining traction amid global efforts to achieve net-zero emissions by 2050, the analyst adds. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.21. Shares are up 2.6% at S$0.985. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 00:52 ET (05:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HQU.SI","symbol_name":"Oiltek","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490971872","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490971872","pubTimestamp":1733723520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0552 GMT - Oiltek International is well-positioned to benefit from rising palm-oil production in Indonesia and Malaysia, Lim & Tan Securities' analyst Nicholas Yon writes in a research report. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HQU.SI":"Oiltek"},"translate_title":"Oiltek International将受益于棕榈油产量的增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HQU.SI":1},"content_text":"0552 GMT - Oiltek International is well-positioned to benefit from rising palm-oil production in Indonesia and Malaysia, Lim & Tan Securities' analyst Nicholas Yon writes in a research report. This growth is largely driven by government mandates for higher biodiesel blends, and the company addresses this demand with its patented technologies and innovative solutions, the analyst notes. Additionally, a key growth driver for the vegetable and edible oil process engineering company is the production of sustainable aviation fuel, which is gaining traction amid global efforts to achieve net-zero emissions by 2050, the analyst adds. The brokerage initiates coverage of the stock with a buy rating and a target price of S$1.21. Shares are up 2.6% at S$0.985. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 00:52 ET (05:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}