0319 GMT - SD Guthrie's 2025 earnings outlook remains strong, driven by firm palm oil prices and improving upstream performance, Kenanga IB analyst Khoo Teng Chuan says in a note. CPO prices are expected to average MYR4,200/ton in 2025, higher than the previously expected MYR4,000/ton. Better fruit yields and lower fertilizer costs should help contain unit costs despite wage inflation, he says. While downstream demand may gradually recover, margins are expected to remain tight, he says. SD Guthrie is also expanding into renewable energy and industrial property developments, with contributions expected from 2026, he notes. Khoo raises SD Guthrie's 2025 core EPS forecasts by 5% due to higher CPO prices estimates. Kenanga raises the target price to MYR4.60 from MYR4.65, maintaining a market perform rating on the stock. Shares are 1.2% higher at MYR5.03. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 22:19 ET (03:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。