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CIMB Securities has raised its earnings forecast for Genting Plantations Bhd (KL:GENP) after the group ended its first half of the year with above-expectation results.
Genting Plantations Bhd expects palm oil prices to remain supported in the near term, supported by higher biofuel blending mandates in major producing countries and firmer energy prices amid ongoing geopolitical tensions.
Genting Plantations Bhd's (KL:GENP) net profit for the second quarter ended June 30, 2026 (2QFY2026) fell 27% from a year earlier, dragged by lower crude palm oil (CPO) prices and an absence of disposal gain.
KUALA LUMPUR: Genting Plantations Bhd expects palm oil prices to remain supported in the near term, supported by higher biofuel blending mandates in major producing countries and firmer energy prices amid ongoing geopolitical tensions.
KUALA LUMPUR: Genting Plantations Bhd’s net profit eased 26.8 per cent to RM140.92 million in the second quarter ended June 30, 2026 (Q2 FY26) from RM192.57 million a year ago.
KUALA LUMPUR: Tencent Cloud, cabang perniagaan awan syarikat teknologi global Tencent, mengumumkan penubuhan wilayah awan pertamanya di Malaysia yang merangkumi sehingga tiga zon di Johor.
Tencent Cloud, the cloud computing arm of Chinese technology giant Tencent Holdings Ltd, has launched its first cloud region in Malaysia, with two availability zones in Johor going live this week and a third to follow.
MALAYSIA Melangkah ke arah mengurangkan kebergantungan kepada import jagung bijian menerusi pengeluaran tempatan berskala besar, susulan keperluan negara yang kini bergantung 100 peratus kepada bekalan import.Menteri Pertanian dan Keterjaminan Makanan Datuk Seri Mohamad Sabu berkata langkah itu penting dalam memperkukuh ...
SEPANG (Aug 17): Malaysia has taken a step towards reducing its 100% dependence on imported grain maize through large-scale local production to meet domestic demand.
KUALA LUMPUR: Bursa Malaysia ditutup rendah pada Khamis apabila tekanan jualan di kaunter berkaitan minyak memberi kesan kepada indeks petunjuk pasaran selepas mencatatkan kenaikan pada sesi sebelumnya, kata seorang penganalisis.
KUALA LUMPUR: Bursa Malaysia ended on a softer note on Thursday, as selling pressure in oil-related counters weighed on the benchmark index following the rally in the previous session, an analyst said.
Oil palm planters should see their second quarter ended June 30, 2026 (2Q26) financial results commencing from Aug 11 to be broadly in line with stronger year-to-date palm product prices and production trends, says Hong Leong Investment Bank Research.