Excerpt from DBSVI report.

Report Summary

• High Brent crude oil prices have driven soybean oil prices up, widening the price discount of crude palm oil (CPO) to soybean oil and making CPO a more attractive feedstock for biofuel. Seasonal low output and festive demand are supporting strong CPO price momentum through early 2026.
• DBSVI maintains BUY ratings for LSIP, BAL, and FR, expecting upbeat earnings to continue into 1Q26, while Wilmar International’s price target has been raised but is rated HOLD. Plantation companies in Indonesia and Singapore are set to benefit from firm CPO prices and positive industry dynamics.

Above is an excerpt from a report by DBSVI. Clients of DBSVI can be the first to access the full report from the DBSVI website: https://www.dbsvickers.co.id