Asian palm oil producers were upgraded to “neutral” from “underweight” by Deutsche Bank AG, which said prices of the vegetable oil will rise more than expected because of lower output in Malaysia and higher demand.
The brokerage increased the rating to “hold” from “sell” for Sime Darby Bhd and IOI Corp while advising investors to buy Kuala Lumpur Kepong Bhd. and Golden Agri-Resources Ltd. — Bloomberg
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