Kuala Lumpur Kepong's 4Q Earnings Could Get Support from Plantation, Manufacturing Segments
Dow Jones
4 hours ago
0229 GMT - Kuala Lumpur Kepong's fiscal 4Q could strengthen, driven by its plantation and manufacturing segments as well as absence of lumpy associate losses from Synthomer, Hong Leong IB analyst Chye Wen Fei says in a note. She raises KLK's FY2026-FY2028 core earnings forecasts by 1.8%-4.7%, to factor in higher average CPO price assumptions. Hong Leong downgrades KLK's rating to hold from buy following a recent share price rally, but raises its target price to 22.72 ringgit from 21.90 ringgit. Shares are 0.3% lower at 21.86 ringgit.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.