KUALA LUMPUR (June 18): Plantation stocks headed south this morning, after an analyst forecast crude palm oil (CPO) prices to continuously come under pressure in the second half this year, due mainly to the strengthening of the US dollar and stronger production outlook.
As at 11am, Kuala Lumpur Kepong Bhd fell 3.77% to RM24, while IOI Corp Bhd was down as much as 2.98% to RM4.56.
Meanwhile, Sime Darby Plantation Bhd, which was recently included in the Dow Jones Islamic Market Malaysia Titans 25 Index, too declined 3.63% to RM5.31 so far.
Singapore pulled off a brilliant Trump-Kim summit in all respects, including the bottom line. Indeed, the government of Singapore spent $15 (USD) million, and according to estimates by Meltwater, that expenditure generated $568 (USD) million for the city-state. Not a bad return for a few days’ work.
I spent the Sunday before the 2018 Electronic Entertainment Expo locked away in a cool, climate-controlled room packed with PCs running Assassin’s Creed: Odyssey. Ubisoft had invited the media to go hands-on with the new open-world adventure for around an hour, but first the publisher took some time to explain how this game is different […]