CIMB Research ups Malaysia's plantation sector to Trading Buy from Neutral; says laggard Malaysian planters should outperform in short term, aided by strong crude palm oil prices in 1Q, as they catch up with their Singapore peers.
"In 2010, we expect Malaysian planters with exposure to Sabah estates to perform better given recovery of fresh fruit bunches yields from poor weather in the previous year, and higher CPO price threshold of MYR3,000/ton for windfall tax for East Malaysia planters against MYR2,500 for Peninsular Malaysia planters," says CIMB.
Recommends Sime Darby, last + 0.1% at MYR9.11, Genting Plantations +0.3% at MYR6.42 and Hap Seng Plantations +3.3% at MYR2.54 as top sector picks.
(Source: irco.biz)
Posts
0 nhận xét