5 stories mentioning KLSE:JPGUpdated 47m ago
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Johor Plantations Group (KLSE:JPG) has an average rating of buy and mean price target of 2.04 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Malaysian shares ended in the red on Tuesday, extending yesterday's losses, bucking a positive regional performance. Investor sentiment was downbeat after the trade surplus narrowed in June from a month earlier, missing the Trading Economics forecast.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 1.92 points to end 0.1% lower at 1,720.37.In corporate news, shares of GIIB (KLSE:GIIB) jumped about 11% on Tuesday's close after its unit GIIB Project Management & Capital signed a memorandum of understanding with Geely-owned Farizon and CAF Motors to explore developing and operating a centralized 4S (sales, service, spare parts and solutions) hub for Farizon commercial electric vehicles in Peninsular Malaysia.Johor Plantations (KLSE:JPG) reported crude palm oil production of 26,671.3 metric tonnes (MT) for June. Fresh fruit bunch production totaled 130,007.9 metric tonnes. Meanwhile, palm kernel production for the month was 6,447.2 metric tonnes.Malaysian real estate developer Sime Darby Property (KLSE:SIMEPROP) has been ordered by the Shah Alam High Court to repay 36.2 million Malaysian ringgit, along with 5% annual interest, to the Malaysian Highway Authority. Shares gained about 1% on Tuesday's close.
Johor Plantations (KLSE:JPG) reported crude palm oil production of 26,671.3 metric tonnes (MT) for June, according to a Monday Malaysian bourse filing.Fresh fruit bunch production totaled 130,007.9 metric tonnes, comprising 81,981.7 metric tonnes from its own estates and 48,026.2 metric tonnes from outside purchases.Meanwhile, palm kernel production for the month was 6,447.2 metric tonnes, it said.
Malaysian shares rebounded on Tuesday, tracking broader regional gains, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the U.S. and Iran.The FTSE Bursa Malaysia KLCI gained 7.60 points to end 0.5% higher at 1,688.12. The day range was between 1,686.06 and 1,694.16.In economic news, the ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.Moreover, Southeast Asian diplomats urged the US and Iran to continue negotiations after failed weekend talks heightened tensions and rattled global markets, Nikkei Asian Review reported. This came after Brent crude surged to $102.43 a barrel.In corporate news, shares of Johor Plantations Group (KLSE:JPG) slid about 3% on today's close after it reported fresh fruit bunch production of 57,878 metric tonnes for March. Crude palm oil output for the month stood at 13,442 metric tonnes.
Johor Plantations Group (KLSE:JPG) reported fresh fruit bunch production of 57,878 metric tonnes for March, according to a Monday Bursa Malaysia filing.Shares slid over 2% in Tuesday's afternoon trade.Crude palm oil output for the month stood at 13,442 metric tonnes, while palm kernel production totaled 3,118 metric tonnes. Meanwhile, log production came in at 12,101 cubic meters.The plantation and timber group did not provide year-on-year comparisons in its filing.
