January CPO Supply Fell 17%, Prices Seen Extending Gains

INDUSTRY 
January CPO Supply Fell 17%, Prices Seen Extending Gains 
Malaysia’s CPO futures rose for a third straight session on 22-Jan, hovering near MYR 4,200/ton, the highest level in seven weeks, supported by stronger global vegetable oil prices and seasonal demand ahead of Lunar New Year and Ramadan. January CPO production is estimated to fall 15%–17% due to seasonal factors, while exports during 1–20 January grew 8.6%–11.4% MoM, underpinning bullish sentiment. The Malaysian Palm Oil Board expects CPO prices to trade in the MYR 4,000–4,300/ton range in February, with upside capped by a stronger ringgit and Indonesia’s cancellation of the B50 biodiesel plan. (Trading Economics) 

COMPANY 
United Tractors (UNTR) Said No Official Notice on AR Forest Permit Revocation Yet 
UNTR said its subsidiary Agincourt Resources (AR) has not received any official notification from authorities regarding the reported revocation of forest utilization permits (PBPH) linked to the Martabe gold mine, following media reports dated 20-Jan-26. As no formal notice has been issued, the co. said it is unable to assess potential operational, financial, or legal impacts at this stage and is coordinating with relevant authorities. (Company) 

United Tractors (UNTR) Planned IDR 2 tn Share Buyback 
UNTR planned a share buyback of up to IDR 2 tn, scheduled to run from 22-Jan-26 to 15-Apr-26, with repurchased shares capped at 20% of paid-up capital while maintaining minimum free float of 7.5%. The buyback will be funded entirely from internal cash, not debt or capital market proceeds. Management said the action aims to support share price stability amid market volatility and will not have a material impact on operations or financial performance. (Kontan) 

Erajaya Swasembada (ERAA) Planned IDR 150 bn Share Buyback 
ERAA planned a share buyback of up to IDR 150 bn amid heightened market volatility, to be executed gradually over a three-month period from 23-Jan-26 to 23-Apr-26 through the IDX. The repurchased shares will not exceed 20% of paid-up capital, while maintaining a minimum free float of 7.5%, in line with prevailing regulations. Management said the buyback will be funded by internal cash and is not expected to have a material impact on operations or earnings. (Emitennews)