The Board of Asian Plantations Limited, a Singapore incorporated palm oil company established itself as a holding company with subsidiaries involved in the acquisition, development, operation and management of palm oil plantations in Malaysia. Asian Plantations announced its admission to the AIM market of the London Stock Exchange on November 30, 2009 and has continued to expand since under the ticker symbol PALM.
“Palm oil is predicted to provide up to two-thirds of the growth in worldwide vegetable oil production over the next ten years,” according joint chief executive officer Graeme Brown who predicts the stock will continue rise with the growing demand of the product.
Expansion in China and India, fused with health concerns regarding trans-fatty acids in the established and Western markets, makes the company highly optimistic about their newly public company. The AIM listing provides an opportunity for investors to reap the benefits of these share drivers, while investing in the agricultural sector at a lower cost.
The first FFB or Fresh Fruit Bunches harvests are expected within the next year alongside further land acquisition opportunities. Keeping this in mind, Asian Plantations Limited is expertly positioned to establish themselves as a major producer of palm oil in the short to medium term.
About Asian Plantations Limited
Asian Plantation Limited is a Singapore incorporated company with 100 % owned Malaysian subsidiaries involved in the acquisition and development of palm oil plantation land in Sarawak, Malaysia. The company’s business strategy is to acquire under-priced, properly zoned agricultural land, which can be developed into high quality mature palm oil estates. The company became listed on the AIM sector of the London Stock Exchange in 2009.
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