KUALA LUMPUR: Kenanga Research is retaining its Underweight stance on the plantation sector with unchanged 2019 CPO price target of RM2,000 a tonne.
In its strategy report issued on Friday, it said increasing production leading up to peak production period in Oct/Nov 2019 and lower exports to India after the import tariff increase are likely to lead to burgeoning stockpiles in the coming months.
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