IOI Corp. First-Quarter Profit May Rise on Higher Palm Oil Prices
AmInvestment Bank analyst expects IOI Corp.'s quarterly profit to grow on stronger palm oil prices, while the shares trade 0.4% lower.
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what happened
IOI Corp.'s net profit for the first fiscal quarter could be higher, Market Talk reports, citing a note from AmInvestment Bank analyst Gan Huey Ling. The main driver is higher prices and output of crude palm oil (CPO). The average CPO price rose 6.6% in the quarter to 4,552 ringgit a ton.
The analyst also expects refining and oleochemicals earnings to improve, since selling prices track crude oil. That gain may be partly offset by weaker earnings from cocoa butter substitutes. She expects El Nino to cut fresh fruit bunch output by 2.5% in fiscal 2027, while costlier fertilizer could lift production expenses.
AmInvestment Bank keeps a hold rating and a 5.00 ringgit target price on IOI. The shares are down 0.4% at 4.45 ringgit.
why it matters
For markets, this suggests that higher palm oil and crude prices are supporting profits at plantation and processing companies. Weather and fertilizer costs remain the key factors to watch in the sector.
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sources
- IOI Corp. 1Q Profit Expected to Rise on Higher Palm Oil Prices — Market Talk, 27 October 2026 at 02:19 UTC
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