KUALA LUMPUR – Research institution, Kenanga Research, Thursday (5/2) re – emphasized, IJM Plantation Bhd could be better in the markets.

Kenanga estimated, the palm oil company will be better than the other. The research company also maintains the core net profits (CNP) by estimating the IMJ Plantation yearly monetary in 2015 – 2016, about Rm 158 millions – RM 164 millions.

Bernama wrote, according to Kenanga Research, IJM Plantation is potential to have good fruit plantation in Indonesia by targetting double production to be 350.000 tons with FY 16E.

In the local business, they hoped the flattish progress in Malaysian plantation which limits the progress of the whole fruit 11 percents year on year.

It is also mentioned, the trade modals of IJM Plantation are RM 150 millions and yearly trades are RM 200 millions. More than 80% of the numbers will be focused in Indonesia and the crude palm oil production fund per ton might be flattish for the increasing costs of the workers.

We estimate, the fruit production could be 830 millions of tons and 940 millions tons and the CPO cost about from RM 1.560/metric ton. (T3)