Maybank Invt Lifts CPO Target to RM2,600/Ton

Maybank Investment Bank Bhd raised its 2010/11 forecast for crude palm oil

(CPO) prices to RM2,600 per metric ton from RM2,400 on expectations

aggregate vegetable oil production could switch from surplus to deficit

next year.

The research house maintained its “neutral” rating for Malaysian

plantation stocks, while raising some individual share forecasts to

reflect higher potential earnings, according to a report today.

Genting Plantations Bhd was increased to RM8.30 from RM6.70; IOI Corp to RM5.70 from RM5.20; Kuala Lumpur Kepong Bhd to RM20

from RM18.30; and Sime Darby Bhd to RM9 from RM8.20. – Bloomberg

Source : Business Times

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