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Quick Summary 4QFY2025 net profit plunged 64% YoY to RM30.3m Revenue fell  15.5%  on lower CPO and palm kernel prices RM27.2m biological asset fair value loss hit earnings FY2025 profit down  39% , dividend trimmed sharply Earnings Hit by Price Weakness & Fair Value Loss Shares of  Hap Seng Plantations Holdings Bhd  remained flat despite a sharp earnings drop, as the group reported a weak fourth quarter driven by softer palm oil prices and valuation losses. 4QFY2025 Highlights Net profit:  RM30.34m ( -64.3% YoY ) EPS:  3.79 sen (vs 10.63 sen last year) Revenue:  RM197.3m ( -15.5% YoY ) The decline was mainly due to: Lower  average selling prices (ASP)  for crude palm oil (CPO) Lower sales volumes A  RM27.2m loss on biological asset fair value adjustments , reversing last year’s RM24.4m gain CPO Prices Under Pressure CPO ASP:  RM4,353/tonne ( -9.1% YoY ) Palm kernel ASP:  RM3,483/tonne ( -1.6% YoY ) Margins narrowed as ...

Quick Summary 1HFY2026 core net profit up 21% YoY to RM795m Plantation segment remains the key earnings driver (79% of PBT) 2HFY2026 profit may soften due to  lower FFB output and weaker CPO prices CIMB maintains  ‘Buy’ with TP RM4.51 , citing M&A potential Earnings Momentum Still Intact Shares of  IOI Corporation Bhd  remain supported by resilient earnings, although analysts caution that softer crude palm oil (CPO) prices may cap further upside. For  2QFY2026 : Core net profit:  RM405m +4% QoQ +3% YoY 1HFY2026 core net profit:  RM795m +21% YoY 53% of CIMB’s full-year forecast Reported net profit for 1HFY2026 came in higher at  RM898m , boosted by: RM110.7m FX gains Fair value gains on biological assets Plantation Segment Drives Performance The plantation division contributed  79% of pre-tax profit , with: FFB output:  +12.3% QoQ to ~874,000 tonnes Unit cost:  RM2,361 per tonne Average CPO price:  RM4,224 per tonne Palm ker...

  Financial Performance & Growth Drivers Hap Seng Plantations Holdings Bhd (HSPLANT) posted a net profit of RM85.01 million in 4QFY2024 , a  fourfold increase from RM20.69 million a year earlier . The sharp profit growth was  driven by higher crude palm oil (CPO) and palm kernel (PK) selling prices, as well as increased CPO sales volume . Fair value adjustments of biological assets contributed RM24.4 million in gains , compared to a  RM21.1 million loss in 4QFY2023 . Revenue & Dividend 4Q revenue surged 33.7% YoY to RM223.37 million from RM174.56 million . CPO prices rose 26.1%, while PK prices jumped 66.3% . CPO sales volume grew 4% , though  PK sales declined 7% due to a lower kernel extraction rate . FY2024 net profit more than doubled to RM204.64 million , while  revenue increased 12.7% to RM752.45 million . Declared a second interim dividend of 11 sen per share , bringing  total FY2024 dividends to 12.5 sen , up from  6.8 sen in FY202...

Key Takeaway: IOI Corp is forecasted to achieve a core net profit of RM280 million to RM320 million for 1QFY2025, driven by higher output, improved palm kernel prices, and stronger downstream profits . Securities expects IOI Corporation Bhd’s 1QFY2025 earnings to rise significantly, following the contribution of RM205.6 million from its associate Bumitama Agri in FY2024. This projection marks an increase from RM242 million in 4QFY2024 and would represent around 21%-25% of CIMB’s full-year profit forecast for IOI Corp. The forecast includes a positive forex gain of approximately RM380 million due to a stronger ringgit. CIMB Securities anticipates IOI Corp’s FY2025 revenue to reach RM11.05 billion , a growth from RM9.60 billion in FY2024, with a core net profit forecast of RM1.30 billion (earnings per share of 21 sen), reflecting 19.5% year-on-year growth . CIMB maintains its “buy” call with a target price of RM4.38 , supported by potential catalysts like rising crude palm oil (C...

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, snapping a four-day winning streak, as a weaker export pace pressured prices, according to market sources. Palm oil trader David Ng highlighted that market sentiment was also affected by weaker soybean oil futures on the Chicago Board of Trade during Asian trading hours. “Support is at RM5,000 and resistance at RM5,200 a tonne,” he commented. At the end of trading: November 2024 fell RM46 to RM5,224 per tonne. December 2024 decreased RM157 to RM5,076 . January 2025 slid RM170 to RM5,026 . For later contracts: February 2025 dropped RM177 to RM4,960 per tonne. March 2025 and April 2025 both declined RM176 , closing at RM4,853 and RM4,727 per tonne, respectively. Trading volume surged to 131,965 lots from 79,094 on Monday, while open interest rose slightly to 239,980 contracts . The physical CPO price for November South narrowed RM80 to settle at RM5,200 per tonne.