Hap Seng Plantations Sees Steadier CPO Pricing and Improved Output in 2026 Amid Volatility and Cost Pressures

Hap Seng Plantations is optimistic about 2026 prospects, with expectations of steady crude palm oil prices and improving output. However, research houses flag lingering volatility and cost pressures that may cap near-term earnings momentum. Phillip Capital Research maintains a "sell" call and lowered its target price to RM1.80, while CIMB Research retains a "buy" rating and target price of RM2.45. BIMB Research maintains a cautious optimism and raised its target price to RM2.50.