KUALA LUMPUR: Sime Darby Plantation Bhd (SD Plantation) offers defensive qualities such as land rich balance sheet and decent gearing, and is a beneficiary of food inflation as edible oils and fats prices have risen substantially compared to a year ago, Kenanga Research said.
The firm expects the supply of the world's leading vegetable oils, palm and soybean to pick up seasonally in the second half (2H) of 2022.