Stock Name: GENP
Company Name: GENTING PLANTATIONS BERHAD
Research House: OSK
Company Name: GENTING PLANTATIONS BERHAD
Research House: OSK
OSK Research has maintained its 'sell' call on Genting Plantations Bhd (GPB) as the current price was still not attractive enough on a risk-reward basis.
The research firm said in the event of downcycle, GPB could weaken further and its production growth was not strong enough to counter the effects of weaker crude palm oil price on its earnings.
"The company continues to make good planting progress in Indonesia but will only see meaningful contribution to its earnings in calendar year 2013," it said in a research note today. - Bernama
The research firm said in the event of downcycle, GPB could weaken further and its production growth was not strong enough to counter the effects of weaker crude palm oil price on its earnings.
"The company continues to make good planting progress in Indonesia but will only see meaningful contribution to its earnings in calendar year 2013," it said in a research note today. - Bernama
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