Hong Leong Investment Bank: Malaysia's palm oil inventories expected to remain stable in May, prices to decline after peaking in Q2
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- Hong Leong Investment Bank analyst Chye Wen Fei stated that Malaysia's palm oil inventory levels in May are expected to remain stable, as a potential rebound in exports may be offset by continued seasonally high production.
- She expects crude palm oil prices to remain at a high level of 4,500 to 4,600 ringgit per ton in the second quarter, before declining from the third quarter onwards.
- Chye maintains an "overweight" rating on Malaysia's plantation sector, supported by the strong recent performance of crude palm oil prices driven by high crude oil prices.
- However, she warns that the current upward cycle could peak earlier than expected, and should the supply of other vegetable oils increase and become more competitive, this commodity will face mid-term risks.
- Hong Leong Investment Bank prefers pure upstream planters who have already locked in fertilizer costs for this year, naming Johor Plantations and SD Guthrie as top picks.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
BitMine could hit its 5% Ether supply target within weeks — then what?
Cointelegraph•2026/09/29 08:57
Data Point: Goldman Sachs Stock Under David Solomon -- WSJ
Dow Jones•2026/09/29 08:53
Pearson to Acquire Workera
MT newswire•2026/09/29 08:53
Swedish Logistic Property buys Malmö logistics property for SEK 73 million
Bitget•2026/09/29 08:45
Crypto prices
MoreBitcoin
BTC
$83,778.17
+1.31%
Ethereum
ETH
$2,704.63
+2.44%
Tether USDt
USDT
$0.9997
+0.02%
BNB
BNB
$763.83
+0.22%
XRP
XRP
$1.5
+1.86%
USDC
USDC
$1
+0.02%
Solana
SOL
$119.02
+0.84%
TRON
TRX
$0.3357
+0.63%
Zcash
ZEC
$1,405.29
-9.25%
Hyperliquid
HYPE
$87.95
-0.78%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now