<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 11): Inventories likely peaked after hitting a new record end-Dec and may ease 2% m/m in January due to lower output, CIMB regional head of agribusiness Ivy Ng says in Jan 10 report.</p></div>

<div class=newsTextDataWrapInner><p>* NOTE: Palm Reserves in World’s Second-Largest Grower Hit Fresh Record</p></div>

<div class=newsTextDataWrapInner><p>* Stockpiles at the end of Dec. were higher than expected and could dampen near term crude palm oil prices</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>** Spot CPO prices seen trading RM1,900-RM2,200/ton in Jan.</p></div>

<div class=newsTextDataWrapInner><p>* End-Jan. inventories may fall to 3.14m tons as exports and consumption exceed production</p></div>

<div class=newsTextDataWrapInner><p>* Jan production seen -11% m/m to 1.62m tons due to seasonal factors</p></div>

<div class=newsTextDataWrapInner><p>* Exports seen +5% m/m to 1.45m tons as traders stock up ahead of Lunar New Year</p></div>

<div class=newsTextDataWrapInner><p>* Avg CPO price was RM2,232/ton in 2018, slightly lower than CIMB’s forecast of&nbsp;<br />
RM2,260/ton; -20% y/y from avg of RM2,783 in 2017</p></div>

<div class=newsTextDataWrapInner><p>* Key events to watch are development of an El Nino, implementation of biodiesel mandate in Indonesia, palm oil exports to India after the import duty cut&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* CIMB maintains avg CPO forecast of RM2,400/ton for 2019, RM2,500/ton for 2020</p></div>

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Malaysia's palm inventories likely peaked after hitting a new record end-Dec and may ease 2% m/m in January due to lower output, CIMB regional head of agribusiness Ivy Ng says in Jan 10 report.

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<p>Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.</p>


<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


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<p>The ringgit extended Wednesday’s gains to open higher against the US dollar on Thursday as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.&nbsp;</p>


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<p>Bursa Malaysia opened slightly lower on Thursday but moved up thereafter. &nbsp;</p>


Bursa turns positive in early trade after opening lower

<p>RHB Retail Research said Marine &amp; General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>
