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CIMB Equities Research expects plantation companies with large upstream operations, including FGV and Genting Plantations, to benefit from Malaysia's three-month CPO export tax suspension from January 8 to April 7. Integrated refiners such as IOI and Wilmar would see minimal earnings effect.
CIMB keeps its 2018 average CPO price assumption at RM2,700 per tonne.
The analysis reflects the expected price support from removing Malaysia's export tax, but it is a brokerage view on equities rather than a direct change in palm oil supply or demand.
thestar.com.myThe Star OnlineJan 7, 2018After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
