Key Indices
Top Stories
Sector Update | Plantation
- We raise our 2027 CPO price forecast to RM4,700 per tonne from RM4,400 and set 2028’s at RM4,500. Our 2027 earnings forecasts for Bumitama and First Resources are increased by 9.6% and 12.1% respectively. However, a higher Indonesian export levy and a 1% El Niño-induced cut in FFB output limit the upside in the companies’ earnings. Maintain OVERWEIGHT.
Market Spotlight
- US stocks were lower on Tuesday. All indices fell as the energy, materials and consumer staples sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 14.18pt to 5,714.84, on the back of weakness in OCBC, SATS and Singtel, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$1.98b turnover.
Technical Analysis
AEM Holdings (AEM SP)
- Trading Buy Range: S$9.65-9.66
Frencken Group (FRKN SP)
- Trading Buy Range: S$2.63-2.64
Top Stories
Sector Update | Plantation
- We raise our 2027 CPO price forecast to RM4,700 per tonne from RM4,400 and set 2028’s at RM4,500. Our 2027 earnings forecasts for Bumitama and First Resources are increased by 9.6% and 12.1% respectively. However, a higher Indonesian export levy and a 1% El Niño-induced cut in FFB output limit the upside in the companies’ earnings. Maintain OVERWEIGHT.
Market Spotlight
- US stocks were lower on Tuesday. All indices fell as the energy, materials and consumer staples sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 14.18pt to 5,714.84, on the back of weakness in OCBC, SATS and Singtel, with mid-cap indices falling while small-cap indices rose with a broad market decline on S$1.98b turnover.
Technical Analysis
AEM Holdings (AEM SP)
- Trading Buy Range: S$9.65-9.66
Frencken Group (FRKN SP)
- Trading Buy Range: S$2.63-2.64
Key Indices
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