Menu
Between 12-16 August 2024, CPO prices rose +1.81% WoW, averaging MYR 3,818/MT, mainly due to stronger demand from India and lower supply from Malaysia.
Demand from India has been increasing due to celebration of several religious festivals between September and November including Diwali.
Data from MPOB showed that CPO inventories in Malaysia fell -5.4% MoM to a four-month low of 1.73 million tons in July.
In term of CPO price, we retain our FY24 average forecast at MYR 4,100/MT (YTD: MYR 3,996/MT) with NSSS (TP IDR 265/sh) and TAPG (TP IDR 800/sh) as our top sector’s picks, supported by relatively young plantation profiles (<10 years old), which should translate to higher crop and extraction yields.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
