0440 GMT - SD Guthrie looks poised to report strong 4Q results, thanks to higher crude palm oil prices, TA Securities' Angeline Chin writes in a note. CPO prices may be supported by factors including lower palm oil production in Malaysia and Indonesia, and the escalating conflict between Russia and Ukraine, the analyst says. TA Securities raises its 2024-2026 earnings forecasts on the palm oil producer by 2.7%-13.2% and raises the stock's target price to MYR4.83 from MYR4.70. It maintains a sell rating on the stock, which was last 0.8% lower at MYR4.86.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
November 20, 2024 23:40 ET (04:40 GMT)
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