Malaysian Planters May See Neutral Impact on Earnings From Budget 2025 -- Market Talk

Dow Jones10-15

0145 GMT - Malaysian planters are likely to see a neutral impact on earnings from the coming Budget 2025 announcement, Maybank analyst Ong Chee Ting says in a note. The government may raise the windfall profit levy threshold due to a sharp rise in the unit cost of production which may benefit planters in Malaysia, he reckons. However, a potential minimum wage increase could offset the earnings tailwinds, he says. The current MYR1,500 minimum wage, is due for review and there is speculation that Budget 2025 could announce a new minimum wage between MYR1,700 and MYR2,000, he adds. Maybank maintains a neutral rating on Southeast Asia's plantation sector, pegging SD Guthrie, Sarawak Oil Palms, TA Ann and Bumitama Agri as its top picks. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 21:45 ET (01:45 GMT)

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The current MYR1,500 minimum wage, is due for review and there is speculation that Budget 2025 could announce a new minimum wage between MYR1,700 and MYR2,000, he adds. Maybank maintains a neutral rating on Southeast Asia's plantation sector, pegging SD Guthrie, Sarawak Oil Palms, TA Ann and Bumitama Agri as its top picks. 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The government may raise the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"P8Z.SI","symbol_name":"布米达马农业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475037861","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475037861","pubTimestamp":1728956700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0145 GMT - Malaysian planters are likely to see a neutral impact on earnings from the coming Budget 2025 announcement, Maybank analyst Ong Chee Ting says in a note. The government may raise the windfall profit levy threshold due to a sharp rise in the unit cost of production which may benefit planters in Malaysia, he reckons. However, a potential minimum wage increase could offset the earnings tailwinds, he says. The current MYR1,500 minimum wage, is due for review and there is speculation that Budget 2025 could announce a new minimum wage between MYR1,700 and MYR2,000, he adds. Maybank maintains a neutral rating on Southeast Asia's plantation sector, pegging SD Guthrie, Sarawak Oil Palms, TA Ann and Bumitama Agri as its top picks. 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