The general tone of the speakers at the 2016 Palm and Lauric Oils Conference (POC) was bullish. It was a rare occurrence to witness the three “stars” of the POC unanimously bullish on the CPO price direction. Their CPO price forecasts, up to 1H16, had ranged between MYR2,700-3,200/tonne. This is in line with our view that 1H16 would see stronger prices vs 2H16, on the back of the delayed impact of the El Nino. We maintain our MYR2,700/tonne average price for the year and our OVERWEIGHT recommendation. Top Picks include First Resources, Genting Plantations and London Sumatra.
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- Link Net prepares
IDR1.5trn for stock buyback
- Sarana Menara
Nusantara to expand to East Indonesia
- Waskita Karya
established a subsidiary in energy sector
- XL Axiata to work
with Alfamart for phone credit distribution
- Bank Nationalnobu
targets 30% loan growth.
- Baramulti
Suksessarana to target 8.5m tonnes production
- Bukit Sentul plans
to convert all foreign debt
- Delta Djakarta to
target 10% on sales growth
- First Media drawdown
IDR60bn loan for working capital
- PP Properti and Perdana Gapuraprima are
interested to utilize REIT
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