Our analyst is reviewing his forecast and TP for

the stock. Our plantation analyst believes that CPO price,

currently at RM2224/MT, may firm in December. His current

forecast is an average of RM2300/MT in 2009. However,

technically, we caution that CPO stocks have in the first

place, ignored the correction in CPO price since May this

year. CPO price reached a peak of nearly RM2900/MT in May

and has been in a correction trend since while CPO stocks

ignored this and continued to trend higher. Thus, from a

technical perspective, we do not feel excited about CPO