MIDF Research expects weaker demand for FGV Holdings in the short to medium term due to the Covid-19 outbreak and an ongoing trade dispute with India. The research house still sees elevated crude palm oil prices for FY20 and healthy fresh fruit bunch production growth supporting earnings.
A trade spat with India could divert refined palm oil flows to Indonesia and narrow the price gap between Malaysian and Indonesian palm oil, which weighs on CPO prices. Buyers should expect softer export demand for Malaysian palm products.
Na 158 eerdere neerwaarts handel-gebeurtenissen bewoog Palmolie zich mediaan +0,0% over 5 sessies (51% hoger; middelste helft -1,3% tot +0,8%), en -1,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.