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Make Money Bartending oads/2012/07/World-Market-Watch-1.jpeg”>KUALA LUMPUR (July 11): CIMB Research has maintained its Trading Buy rating on the plantations sector and said Malaysia’s end-June palm oil stocks were in line with its forecast but below consensus numbers due to lower CPO output.

In a note Wednesday the research house said that however this piece of news may be sidelined as investors focus on the rising weather risk on crops.

“We are keeping to our Trading Buy call on regional planters, as fears of a potential supply disruption could spark a near-term CPO price rally.

“A potential combination of drought in the US Midwest and developing El Nino could affect up to 36% of global edible oil supplies and tighten inventory. Our top picks continue to be Astra Agro, Indo Agri and Sime,” it said. –

By theedgemalaysia.com | The Edge Malaysia