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KUALA LUMPUR: IOI Corporation Bhd (IOI Corp) mencatatkan keuntungan bersih sebanyak RM283.30 juta bagi suku ketiga berakhir 31 Mac 2026, meningkat lapan peratus daripada RM262.30 juta bagi tempoh yang sama tahun lalu.
IOI Corporation Bhd (KL:IOICORP) said the outlook would remain tough for its downstream business that dragged on earnings in the recently ended-quarter.
PETALING JAYA: IOI Corp Bhd expects crude palm oil (CPO) prices to remain supported by elevated soybean oil prices and higher biodiesel mandates in Malaysia and Indonesia, although it cautioned that near-term market volatility is likely to persist.
KUALA LUMPUR: IOI Corp Bhd posted an eight per cent rise in net profit for the third quarter ended March 31, 2026, to RM283.3 million from RM262.3 million a year ago.
THE Armed Forces Fund Board (LTAT) is seeking buyers for its wholly-owned unit Boustead Plantations Bhd, and at least three parties are vying for the oil palm plantation firm in a deal that could be valued at between RM2 billion and RM3 billion, sources say.
Tycoon Tan Sri Syed Mo...
It will be a shortened but event-packed week across Southeast Asia, with markets in Malaysia, Singapore and Indonesia closed on May 27 for the Hari Raya Aidiladha public holiday. Investors are also expected to remain focused on efforts to secure a ceasefire agreement to end the war in Iran.
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PETALNG JAYA: Affin Hwang Investment Bank remains positive on the plantation sector, maintaining its "overweight" call amid expectations that crude palm oil (CPO) production will continue to recover gradually in the coming months, while supportive biodiesel policies and geopolitical tensions could keep prices firm.
PETALING JAYA: Crude palm oil (CPO) prices, while heavily tied to geopolitical outcomes, are likely to remain resilient even in a "forever peace" scenario, benefitting integrated plantation group IOI Corp Bhd.