Chin Teck sees slight fall to 1QFY23 profits, lower estimates ahead
KUCHING (Jan 31): Chin Teck Plantation Bhd’s (Chin Teck) net profit for its first quarter of financial year 2023 (1QFY23) was within AmInvestment Bank Bhd’s (AmInvestment Bank) forecast. However, the research firm forewarned that a weaker crude palm oil (CPO) price and higher cost of production would affect Chin Teck’s profitability in the coming quarters. [...]
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