SD Guthrie's Outlook May Remain Stable Amid Middle East Conflict -- Market Talk

Dow Jones03-17

0143 GMT - SD Guthrie's outlook may remain stable as a prolonged U.S.-Iran conflict could support crude palm oil prices, CIMB Securities analyst Ivy Ng Lee Fang says in a note. Elevated energy prices could prompt major palm oil-producing countries to increase biodiesel mandates to enhance energy security, she says. The Malaysia-based plantation operator believes higher palm oil demand may offset rising diesel, fertilizer, and shipping costs, she notes. Meanwhile, existing land deals could remain unaffected by new government guidelines requiring at least 50% indigenous groups equity ownership for certain property disposals, she says. A proposed port development on Carey Island could benefit SD Guthrie, which has three pending land joint ventures there, she adds. CIMB maintains a hold rating on the company's stock and keeps its target price at 6.23 ringgit. Shares are unchanged at 5.80 ringgit. (yingxian.wong@wsj.com)

 

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March 16, 2026 21:43 ET (01:43 GMT)

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