Improved earnings forecast for IOI

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The story "Improved earnings forecast for IOI" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

Improved earnings forecast for IOI - The Star

Quick Summary:

PETALING JAYA: IOI Corp Bhd is poised to post sequentially stronger earnings quarter-on-quarter (q-o-q) for the first quarter of financial year 2025 (1Q25), says UOB Kay Hian (UOBKH) Research.

All in, the earnings impact for financial year 2025 (FY25) arising from these changes could come in at less than 5%, according to UOBKH Research’s back-of-the-envelope calculations.

Overall, the group’s production numbers appeared to align with the country’s industry production trend, as observed from the Malaysian Palm Oil Board’s data, particularly since the majority of IOI’s oil palm estates are in Malaysia.