The latest announcement is out from Oiltek International Limited ( (SG:HQU) ).
Oiltek International Limited has addressed shareholder inquiries regarding the impact of Indonesia’s recent export restrictions on used cooking oil, POME, and High Acid Palm Residue. The company anticipates no immediate material risks to its operations, as it is not directly involved in these exports. Instead, Oiltek views the restrictions as an opportunity to enhance local processing in Indonesia using its advanced technologies, potentially increasing demand for its solutions.
More about Oiltek International Limited
Oiltek International Limited is a Singapore-based company that operates in the technology and solutions sector, focusing on providing advanced processing technologies. The company is involved in supporting local processing initiatives, particularly in the context of palm oil and related industries.
YTD Price Performance: 12.50%
Average Trading Volume: 234,176
Technical Sentiment Signal: Sell
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