Hap Seng Plantations Holdings is trading 5.71% up at MYR 2.59 after CGS International highlighted a potential 17% increase in fresh-fruit bunches production and stronger palm-oil prices.
- CGS International maintained its Add recommendation and MYR 3.35 target price, citing secured fertiliser supplies with lower cost increases than peers.
- Plantation-sector optimism ahead of second-quarter results also supported sentiment.
- No volume or formal company announcement was identified as the immediate trigger; confidence is medium because direct causation was not explicitly confirmed.