PETALING JAYA: Sime Darby Plantation Bhd’s( SDP) future earnings growth will be supported by favourable crude palm oil( CPO) price, according to analysts. For financial year 2021( FY21), UOB Kay Hian Research has raised SDP’s net profit forecast by 80% to RM2. 69bilThis is after factoring in higher CPO average selling price( ASP) for Malaysia, post-clarification from SDP’s management on the group’s forward sales contract, downstream margin being adjusted from 1.5% to 3.5% and higher sales volume
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2021-08-20 00:00:00.0