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SGX-listed plantation firms ride output gains, lure with dividends

While analysts expect the strong streak to continue, downside risks to crude palm oil prices in H2 remain

Mia Pei
Published Mon, Sep 8, 2025 · 07:00 AM
    • The recent price strength of crude palm oil has been underpinned by policy developments, such as the US biofuel blending targets.
    • The recent price strength of crude palm oil has been underpinned by policy developments, such as the US biofuel blending targets. PHOTO: AFP

    [SINGAPORE] Singapore-listed plantation giants turned in a bumper first half of 2025 with double-digit profit and revenue gains. Analysts expect the growth streak to continue on the back of resilient crude palm oil (CPO) prices and healthy margins.

    Major players such as Golden Agri-Resources, First Resources and Bumitama Agri led the charge, while smaller player Kencana Agri saw a dramatic improvement from a low base.

    Agri-business group Wilmar International, whose palm oil operations are just one part of a broader agribusiness portfolio, also reported steady earnings.

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