Hap Seng Plantation Remains Most Attractive Palm Oil Stock Despite Potential Weather Risks

Hap Seng Plantations Holdings Bhd remains the most attractively valued plantation stock under CGS International Research's Malaysian coverage, supported by strong production growth, resilient margins and healthy dividend yields despite potential weather risks from an anticipated El Niño.

The research house maintained its "Add" recommendation on the stock with an unchanged target price of RM3.35, noting that Hap Seng Plantations is trading at below 10 times forecast FY2026–FY2027 earnings, alongside an estimated dividend yield of about 6%.

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