Presco traded at 2,070.00 this Friday July 24th, decreasing 230.00 or 10.00 percent since the previous trading session. Looking back, over the last four weeks, Presco lost 10.00 percent. Over the last 12 months, its price rose by 33.55 percent. Looking ahead, we forecast Presco to be priced at 2,019.70 by the end of this quarter and at 1,876.01 in one year, according to Trading Economics global macro models projections and analysts expectations.
Presco Plc is an agro industrial company. The Company is engaged in the development of oil palm plantations, palm oil milling, palm kernel processing and vegetable oil refining. It specializes in the cultivation of oil palms and in the extraction, refining and fractioning of crude palm oil into vegetable oil and palm stearin. Its products include refined bleached and deodorized palm oil; palm olein; palm stearin; palm fatty acid distillate; palm kernel oil, including crude and refined, and palm kernel cake. It owns oil palm plantations, a palm oil mill and palm kernel crushing plant, vegetable oil refining and fractionation plants. The Company consists of oil palm plantations of approximately 16,470 hectares, of which approximately 11,590 are mature; a palm oil mill with a capacity of over 60 tons fresh fruit bunches/hour; a refinery/fractionation plant with a capacity of over 100 tons/day, and a palm kernel crushing plant with a capacity of approximately 60 million tons/day.