Palm Oil: HSBC initiates strategy sector report. Highlight that structural and regulatory drivers means that 2011e demand growth for CPO will be at deacde high and bottlenecks in expanding acreage and unfavourable weather will pressure supply going forward. Expect FY11e CPO prices to rise 24%YoY which will favor upstream players….
….Broker initiates coverage, with Overweight call on Indoagri (TP $3.3 and Golden Agri ($0.90 but remains neutral on Wilmar (TP $7.01)
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