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Maybank Kim Eng says Indonesia's proposed temporary removal of the palm oil levy will benefit Indonesian upstream planters and Malaysian exporters. Downstream Indonesian players are expected to lose out, and the broker keeps a neutral sector rating.
Lower Indonesian levy costs shift export share toward Indonesian and Malaysian producers, and the broker sees it as helping to reduce Malaysia's high stockpiles.
research.sginvestors.ioSGinvestorsNov 27, 2018After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
