# Plantation – Regional - UOB Kay Hian 2019-01-03: Going Through A Slow Recovery | SG Investors.io

> UOB Kay Hian kept a Market Weight rating on Malaysian plantation stocks after CPO prices fell 18.3 percent in 2018 on Indonesian bumper crops. The firm expects a slow 2019 recovery, with CPO averaging RM2,350-2,400 a tonne and higher prices in the second half. Indonesian shipping congestion has eased.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: report · region Southeast Asia · magnitude medium
- Page: https://feedsoft.ai/events/5587-plantation-regional-uob-kay-hian-2019-01-03-going-through-a-slow-recovery-sg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Carry-over stocks and high global vegoil supply cap near-term upside, but expected inventory drawdowns and lower production growth support a gradual price recovery. Buyers should expect firmer palm oil prices later in 2019.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-01-11 | [Regional Plantations - Maybank Kim Eng 2019-01-11: Brighter Months Ahead \| SG Investors.io](https://feedsoft.ai/events/60984-regional-plantations-maybank-kim-eng-2019-01-11-brighter-months-ahead-sg.md) | +0.6% | +6.8% |
| PALMOIL | 2021-01-11 | [Regional Plantation Companies - DBS Research 2021-01-11: Starting 2021 With Low Stock Level \| SG Investors.io](https://feedsoft.ai/events/49043-regional-plantation-companies-dbs-research-2021-01-11-starting-2021-with-low.md) | -6.2% | -12.3% |
| PALMOIL | 2020-09-13 | [Regional Plantation Companies - DBS Research 2020-09-13: Supply-Driven Price Buoyancy \| SG Investors.io](https://feedsoft.ai/events/51010-regional-plantation-companies-dbs-research-2020-09-13-supply-driven-price.md) | +5.7% | +2.2% |
| PALMOIL | 2023-07-27 | [UOB Kay Hian raises CPO forecast to RM4,200 per tonne in 2024 on tight supplies from Malaysia, Indonesia](https://feedsoft.ai/events/35139-uob-kay-hian-raises-cpo-forecast-to-rm4-200-per-tonne-in-2024-on-tight-supplies.md) | +0.3% | -3.9% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2019/01/plantation-regional-uob-kay-hian-research-2019-01-03.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.