Good morning mooers! Here are things you need to know about today's market: ●Indexes Mixed, $S&P 500 Flat, $Tesla Climbs 12.1% Despite Earnings Miss ●Brighter Macroeconomic Prospects Boost Outlook for Malaysia Risk Assets ●Stocks to watch: United Plantations, Hibiscus Petroleum -moomoo News MY Wall Street Summary Indexes climbed, fell, and finished flat before yet another massive day of after-hours earnings on ...
$UTDPLT(2089.MY)$' share price has seen a substantial uptrend for the past three years. Since the beginning of 2024, the company's shares have surged by 32%, closing at RM23.54 this Thursday. Apex Securities assigned a buy rating to the stock in a recent report. Is there still room for investment growth in United Plantations? Robust Earnings and Hefty Dividends Define United Plantations' Performance in FY23 United Plant...
United Plantations Bhd (UP), which recently posted record earnings and dividend for 2023, is expecting crude palm oil (CPO) prices to range between RM3,850 and RM4,250 per tonne this year amid supply constraints. “I do not think the first three to four months will be very strong,” said UP vice chairman and CEO Datuk Carl Bek-Nielsen, referring to CPO production. “In fact, production in Malaysia is flat, if not so...
Apex Securities expects further strengthening of crude palm oil prices in 2024 due to stagnant production and falling inventory, which could positively impact United Plantations' performance. The research house also commended the company's performance in the downstream segment.
I have a simple way to get an overall picture of the fundamentals of a company. I look at the top line, bottom line and return trends on one chart. A good example is illustrated in the chart for United Plantations, aBursa Malaysia plantationcompany. To enable all 3 to be plotted on the same chart, I converted them into indices by dividing the value for each year by the base year (2014 in this example) You can see that revenue, profits and returns all tre...
Good morning mooers! Here are things you need to know about today's market: ●US stocks slowed on oil decline ●IPOs gather momentum into 2024 ●Positive outlook for Malaysia's property sector on strong demand ●Stocks to watch: United Plantations, Bumi Armada -moomoo News MY Wall Street Summary U.S. stocks were taking a breather on Thursday following a rally that has carried the Nasdaq nearly 10% higher since the beginning of Novem...
Despite revenue drops, the company is battling increased production costs with productivity-focused investments. Yet, concerns remain over potential disruption to global trade and supply chains by inflation spikes and geopolitical conflicts.
Good morning mooers! Here are things you need to know about today's market: ●The Dow Jones Industrial Average achieved its 11th consecutive day of gains ●Bursa Malaysia opens 1.07 points higher at 1,425.76 ●Malaysia's Inflation Eases Further to 2.4 pct in June 2023 ●Malaysian Companies Seal US$38.4 MLN Deals at SEMICON West 2023 ●Stocks to watch: Betamek, IJM, JAG, British American Tobacco Malaysia, United Plantations -moomoo News MY Wall S...
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