BNIS Daily Report of June 30, 2020
Plantation Sector: Reaffirmation on B30 mandate
Recently, the Indonesian government sent clear signals to the market by introducing several initiatives that it intends to keep its B30 mandate
- On the demand side, biodiesel would be a differentiation determinant for strengthening global CPO prices onwards as we expected modest growth on food-related deman
- In 1Q20, biodiesel accounted for around 20% of global CPO consumption. Meanwhile, Indonesia consumed about 2mn kiloliters of biodiesel in 1Q20 or equals to 21% of its full year 2020F target
Analyst: Firman Hidayat (email@example.com)
- PT Pakuwon Jati Tbk (PWON): Performance in 1Q20. UNDER REVIEW. Analyst: Maxi Liesyaputra.