Rakuten Trade analyst Thong Pak Leng attributes the current ...

Rakuten Trade analyst Thong Pak Leng attributes the current weakness in plantation stocks to profit-taking, and notes that earnings would only improve if crude palm oil prices rise and stay above RM4,000 per tonne. Apex Securities' Kenneth Leong expects subdued growth in earnings with palm oil prices between RM3,800 and RM4,000 per tonne. Both Sime Darby Plantation and KLK expect palm oil prices to stay around current levels this year.