Palm oil

CHRISTMAS REFLECTIONS

Cindy Karim: Redefining a billion-dollar Indonesian family empire

The Karim family’s eldest child is shaping its next chapter through culture and hospitality

Palm oil reserves have been expanding since March and high stockpiles could pressure prices of the tropical oil.

Malaysia palm oil reserves seen at six-year high as exports slump

The Malaysian Palm Oil Board will publish its monthly data on Dec 10

 A trespass notice had been issued to FGV and Felda to remove assets from 10 plantations covering 15,000 hectares in the state.

Malaysia's Felda, FGV say Terengganu land spat could disrupt operations

They were issued an order by Terengganu state to vacate palm oil plantation land there

A Chinese court's recent ruling on Wilmar's alleged contract fraud heightens the company's reputational risk, says analyst Nirgunan Tiruchelvam.
BROKERS’ TAKE

Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes

China contributes more than half of the agribusiness group’s earnings

Malaysia’s palm oil exports to China totalled 1.4 million tonnes last year, down 5.3% from a year earlier.

Malaysia’s palm oil exports to China down almost 29% to October

Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market

Singapore and Indonesia use different criteria for financing the early retirement of coal plants.
ESG INSIGHTS

Issue 172: Asean Taxonomy’s unfinished business; data centres encroach on palm oil

This week in ESG: Asean launches complete version of sustainable finance criteria; Malaysian plantations to build green data centres

Palm oil companies are earmarking some of the vast tracts of land they own for industrial parks studded with data centres and solar panels.

AI boom is turning Malaysia’s palm oil estates into data centres

The rush is partly a spillover from Singapore, where a years-long moratorium on new sites has forced operators to look north

The counter climbed to S$2.23 as at 10.41 am, and then pared back on some gains to be at S$2.22, or 7.3% up, as at the midday trading break.
HOT STOCK

First Resources shares rise 6.3% on Q3 profit surge

Analysts are positive on the palm oil producer, and have set higher target prices

First Resources posted a 82.5% jump in sales in the third quarter.

First Resources Q3 profit surges 43.5% to US$87.5 million

Higher average selling prices and sales volumes are credited for the performance