Economic Indicators: Overall economic growth or recession impacts investor sentiment and corporate earnings.

Company Performance: Revenue, profit margins, and future growth prospects drive stock valuations.

Industry Trends: Sector-specific conditions, like technological advancements or regulatory changes, influence stock prices.

Market Sentiment: General investor optimism or pessimism affects trading volumes and stock prices.

Interest Rates: Higher interest rates can make borrowing more expensive, potentially impacting corporate profitability.

Commodity Prices: As a plantation company, palm oil and related commodity price fluctuations directly affect profitability and stock price.

Government Policies: Changes in government regulations related to land use, taxes, and import/export duties can significantly impact plantation companies.

Global Demand: Demand for palm oil from major importing countries like India and China influences revenue projections.

Currency Exchange Rates: Changes in the Malaysian Ringgit exchange rate versus other currencies affect export earnings.

ESG Factors: Environmental, Social, and Governance (ESG) concerns impact investor decisions regarding sustainability and responsible practices.