Palm oil stocks burnt by forest fires

SG haze harbourShare prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week.

Even though he companies largely denied being involved in the fires on their concession territory, investors lost confidence, fearing possible legal proceedings that might have an impact on the companies’ mid-term performance.

Stocks of the largest plantation companies lost between 5 and seven per cent over the past days.

Share prices as of June 24:

Wilmar International: -3.08%
Golden Agri Resources: -2.72%
First Resources: -3.01%
Indofood Agri Resources:-2.03%
IOI Corp: -0.95%
Genting Plantations: -3.05%
Boustead Holding: -0.96%
Kuala Lumpur Kepong: -0.56%
Astra Agro: -2.42%
United Plantations: -5.84%



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Share prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week. Even though he companies largely denied being involved in the fires on their concession territory, investors lost confidence, fearing possible legal proceedings that might have an impact on the companies' mid-term performance. Stocks of the largest plantation companies lost between 5 and seven per cent over the past days. Share prices as of June 24: Wilmar International: -3.08% Golden Agri Resources: -2.72%...

SG haze harbourShare prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week.

Even though he companies largely denied being involved in the fires on their concession territory, investors lost confidence, fearing possible legal proceedings that might have an impact on the companies’ mid-term performance.

Stocks of the largest plantation companies lost between 5 and seven per cent over the past days.

Share prices as of June 24:

Wilmar International: -3.08%
Golden Agri Resources: -2.72%
First Resources: -3.01%
Indofood Agri Resources:-2.03%
IOI Corp: -0.95%
Genting Plantations: -3.05%
Boustead Holding: -0.96%
Kuala Lumpur Kepong: -0.56%
Astra Agro: -2.42%
United Plantations: -5.84%



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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