CPO Prices Enter Consolidation Mode, Mirae Recommends Select Palm Oil Stocks

Main Takeaways

JAKARTA, investortrust.id – Palm oil prices have entered a consolidation phase amid continued medium-term volatility, with analysts warning of limited upside in the near term. In parallel, soybean oil prices have posted marginal gains but remain technically vulnerable to corrections.

Mirae Asset Sekuritas Indonesia noted in its latest research that the benchmark crude palm oil (CPO) price has inched up 0.94% to MYR 4,094 per ton, though technical indicators still point to a prevailing bearish trend. “With high price volatility and a standard deviation of 1.31, CPO is expected to trade within the MYR 4,070–4,197 range,” wrote Mirae Asset analyst Tasrul in a report released on Monday, July 14, 2025.

Soybean oil also gained slightly by 0.09% to 53.49, but analysts expect the commodity to enter either consolidation or technical correction territory, with a likely trading band between 52.75 and 54.95.

Stock Recommendations from Mirae Asset

Despite mixed signals in the commodities space, Mirae sees selective opportunities in Indonesia’s plantation sector, provided investors apply disciplined technical strategies.

• PT Astra Agro Lestari Tbk (AALI) is on a downward trend, and investors are advised to “sell on strength” with a price target of Rp 6,050.
• PT Dharma Satya Nusantara Tbk (DSNG) is also trending down, but considered a “buy on weakness” at a target price of Rp 885.
• PT PP London Sumatra Indonesia Tbk (LSIP) is trending upward with a “buy” recommendation and a price target of Rp 1,380.
• PT Sinar Mas Agro Resources and Technology Tbk (SMAR) is rated a “buy” with a target of Rp 1,160.
• PT Triputra Agro Persada Tbk (TAPG) and PT Tunas Baru Lampung Tbk (TBLA) are both recommended for buying, with target prices of Rp 1,160 and Rp 835 respectively.
• PT Sumber Tani Agung Resources Tbk (STAA) is seen in a downward trend but may be considered on weakness, with a target of Rp 810.

Mirae emphasized the importance of technical signals in navigating this volatile sector. “Investors should pay close attention to overbought and oversold indicators before executing trades,” the report added.