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Company Update - Boustead
Plantation (Not rated)
Yield appeal Boustead Plantations is one of the well-established upstream plantation companies in Malaysia. Like most plantation companies in the region, its FFB production in 2016 was adversely affected by the 2015-16 El Nino phenomenon. For 2017, assuming yield and OER improve after El Nino, FFB and CPO production should be better yoy. Boustead Plantations has been paying good and consistent dividends to its shareholders. It has one of the highest dividend yields compared to the other plantation companies.
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