PETALING JAYA: IOI Corp Bhd’s expansion of its landbank in Sabah comes at a “ reasonable ” price, but the addition is considered relatively small and should have a minimal impact on its earnings. This is according to analysts who track the palm oil player.In its note to clients, Hong Leong Investment Bank’s( HLIB) research unit said the offer price of RM281mil to NPC Resources Bhd for the landbank, which translates to around RM61, 000 per hectare( ha), is deemed “ reasonable ”....
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2021-07-07 00:00:00.0