Pan-Borneo Highway improvement uplifts Miri-area oil-palm estates’ valuation

The worth of oil-palm plantations around Miri managed by Sarawak Oil Palms Bhd (SOP) and Sarawak Plantation Berhad (SPB) has climbed, thanks to the ongoing Pan-Borneo Highway enhancements. Spanning Sabah and Sarawak, these upgrades aim to strengthen connections, reduce journey times and lower transportation costs for plantation operators.

Sector analysts note that plots bordering the revamped highway corridor often fetch a 15–25% premium. Both SOP and SPB hold large tracts in close proximity to the improved route. Once new stretches—particularly the link between Teluk Assam and Bako—are completed, moving fresh fruit bunches and fertiliser will be faster and more efficient, boosting the estates’ profit margins.

On the bourse, SOP and SPB shares have gained ground in recent sessions, reflecting investor optimism over higher land valuations and improved earnings prospects. Observers point out that SOP’s replanting programme, targeting roughly 5,000 hectares over three years, could see stronger returns now that haulage times have fallen by up to 30%.

SPB is also exploring increased mechanisation and facility upgrades at its Miri sites to leverage the highway’s enhanced access. “The Pan-Borneo Highway is not just a road project—it multiplies estate value,” comments a local market strategist. “Entities with land along this corridor stand to gain from both elevated asset valuations and reduced logistics outlays.”

With the upgrades on track, SOP and SPB are positioned to benefit from consistent appreciation across their estate portfolios—an upside analysts believe remains underpriced in current stock levels.


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Note: This article was auto-fetched from trusted news sources. Information is provided for general reference. Always verify project details, pricing and investment choices with licensed agents or official developers.

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