Skip to main content

Featured Post

High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Post a Comment

Sarawak Oil Palms Shares Surge After Surprising 2Q Results

Shares of Sarawak Oil Palms Bhd (SOP) rose to their highest level in a month on Friday following a strong second-quarter performance that exceeded market expectations. The stock climbed as much as 3.5%, reaching RM2.92, its highest since July 30, before trading at RM2.89 at 10 a.m., with a market capitalization of RM2.57 billion.

Key Takeaways:

  1. Strong 2Q Results Boost Investor Confidence: SOP's net profit for the second quarter of FY2024 more than doubled year-on-year to RM105.68 million, bringing the total net profit for the first half of the fiscal year to RM185.14 million. This performance was well above both RHB Investment Bank’s forecast and the consensus estimate, prompting RHB to maintain its 'buy' call and raise its earnings forecasts for SOP.

  2. Positive Outlook for the Second Half of 2024: With production ramping up and unit costs moderating, RHB Investment Bank expects stronger financial results for SOP in the second half of FY2024. Seasonal factors are also expected to drive higher output of palm fresh fruit bunches (FFB), which typically peak in October, boosting sales and profitability.

  3. CPO Price Increase and Refining Outlook: SOP has benefited from rising crude palm oil (CPO) prices, which reached a peak of RM4,336 earlier this year. Maybank Investment Bank expects SOP's refining outlook to remain resilient, with increased availability of CPO improving refining utilization and margins. However, Maybank IB anticipates a slower pace of FFB production growth in the second half due to a higher base of comparison.

Overall, the strong second-quarter results and positive outlook for the remainder of the year have bolstered investor confidence in SOP, leading to a notable increase in the company's share price.

Labels:

Comments

Post a Comment

Popular posts from this blog

INTC Share Watch and News

Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also offers system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. It also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and products designed for desktop, server, and workstation platforms; and wired and wireless connectivity products, including network adapters and embedded wireless cards used to translat
1 comment
Read more

3M Raises Profit Forecast After Beating Quarterly Estimates on Electronics Demand

3M Co raised the lower end of its full-year adjusted profit forecast after strong demand for electronics and industrial products helped the company surpass quarterly profit expectations. Shares of 3M were up 4.2% at $140.5 in pre-market trading. An increase in demand for electronics used in vehicles and mobile phones boosted profits for the company, which had previously faced challenges as high inflation led consumers to delay major purchases. The industrial sector is also expected to benefit from the recent US Federal Reserve decision to cut borrowing costs in September, encouraging more consumer spending. 3M has implemented cost-cutting measures, including job reductions and spinning off its healthcare business, to counter the impact of a demand slowdown . Key highlights from the report: Sales in the transportation and electronics segment grew 1.8% year-on-year. Sales in the safety and industrial segment , which produces adhesives for industrial use, increased by 0.5% . 3M&
Post a Comment
Read more

A Trader’s Guide to Navigating Malaysia's Budget 2025

Malaysia’s consumer and construction stocks are poised to benefit from Budget 2025 , as Prime Minister Datuk Seri Anwar Ibrahim is expected to introduce measures aimed at lowering the cost of living and unveiling infrastructure projects . As both Prime Minister and Finance Minister, Anwar will likely announce targeted cash transfers , civil servant salary hikes , and potential revisions to the minimum wage to boost disposable incomes, supporting retailers like AEON Co and Padini Holdings . In the construction sector, analysts expect the budget to include new projects such as the Mass Rapid Transit Line 3 and Pan Borneo Highway , with companies like Gamuda , Sunway Construction , and IJM Corp set to benefit. There could also be updates on the Johor-Singapore High-Speed Rail and cross-border economic zones, reigniting interest in the sector. The government’s commitment to growing semiconductor industries may lead to support measures for data center developers like YTL Power Int
Post a Comment
Read more