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First fruit for Asian Plantations

TIP UPDATE: The company remains on track with its planting programme
April 19, 2011

The highlight of results from Malaysian palm oil plantation developer Asian Plantations was the sale of its first fruit for $314,000 (£193,000). Meanwhile, planting remains on track, with 4,051 hectares planted by the end of 2010.

IC TIP: Buy at 245p

What we said:

When: 7 January 2011

Price: 203p

Performance to date: +21%