IOI's FY 2027 core net profit is projected to rise 10.7% to 1.5 billion ringgit, supported by stronger plantation and manufacturing earnings, AmInvestment Bank analyst Gan Huey Ling says in a note. The plantation segment is expected to contribute about 90% of EBIT, benefiting from firmer crude palm oil prices, she says. However, fresh fruit bunch output growth is forecast to slow to 2% from 5% in FY 2026, as dry weather may weigh on yields. Gan expects weaker contributions from associate Bunge Loders as lower cocoa butter prices pressure earnings, while non-CPO ventures would need some time to turn around. AmInvestment Bank keeps IOI's rating at hold and maintains its target price at 4.47 ringgit. Shares are 0.2% higher at 4.30 ringgit. (yingxian.wong@wsj.com)