Kuala Lumpur Kepong Gets New Bull on Attractive Valuations -- Market Talk

Dow Jones05-19

0105 GMT - Kuala Lumpur Kepong's fresh fruit bunches output may remain relatively stable, while its downstream and associate segments may improve in 2H, RHB IB analyst Hoe Lee Leng says in a note. KLK expects better sales volumes from its oleochemical segment, while losses at refinery and kernel crushing operations have narrowed significantly, she notes. Hoe raises her FY2026-FY2028 earnings forecasts on KLK by 2.8%-4.7% to factor in associate MP Evans' profits. RHB upgrades KLK to buy from neutral, citing attractive valuations, and raises its target price to 23.00 ringgit from 22.30 ringgit. Shares are unchanged at 20.20 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 21:05 ET (01:05 GMT)

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RHB upgrades KLK to buy from neutral, citing attractive valuations, and raises its target price to 23.00 ringgit from 22.30 ringgit. Shares are unchanged at 20.20 ringgit. 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KLK expects better sales volumes from its oleochemical segment, while losses at refinery and kernel crushing operations have narrowed significantly, she notes. Hoe raises her FY2026-FY2028 earnings forecasts on KLK by 2.8%-4.7% to factor in associate MP Evans' profits. RHB upgrades KLK to buy from neutral, citing attractive valuations, and raises its target price to 23.00 ringgit from 22.30 ringgit. Shares are unchanged at 20.20 ringgit. 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