Thursday, March 27, 2014

Indofood Agri

Indofood Agri: DB highlighted in a rpt today on positive investor thoughts for the palm oil sector from their US roadshow (posting at 8.44am). Apart from that, industry watchers are bullish on CPO, expecting prices to hit RM3,000/mt by Apr, underpinned by an increasing chorus by weather forecasters that an El Nino will develop from Jun-Jul onwards. Indofood Agri derives 74% of revenue from CPO in FY13.

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