Plantation stocks had been rated as underweight by OSK Research and Maybank Investment Bank. I just planned to buy more plantation stocks. And they said better start to sell now. They revised lots of plantation stocks target price including the one that I bought lately ~ IOICORP.
Based on the research, CPO price to correct in 2H09. I believe that because CPO price had been gone up too far lately. It is time to slow down and drop little bit. Drop to RM2,000 per ton? By the way, I just know that soybean is the competitor to palm oil. They use it as cooking oil?
