Singapore-listed palm oil stocks seen benefiting as prices rise, ESG risks fall
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Singapore-listed palm oil stocks are poised for a resurgence as rising prices and reduced ESG risks attract investors. Analyst Nirgunan Tiruchelvam predicts a 10% annual increase in crude palm oil prices, reaching $1,282 per tonne by 2027. The rollback of ESG regulations under the Trump administration may also boost interest in plantation stocks, which have underperformed despite rising palm oil prices. Aletheia Capital has initiated 'buy' recommendations for several stocks, anticipating benefits from strong demand and local investment initiatives. However, potential competition from alternative oils could impact prices.
Source: Straitstimes The copyright of this article belongs to the original author/organization.
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