Kuala Lumpur Kepong May See Weaker 2H Earnings on Associate's Losses -- Market Talk

Dow Jones05-19

0211 GMT - Kuala Lumpur Kepong could see lower earnings in fiscal 2H, dragged by losses from associate Synthomer, Maybank IB analyst Ong Chee Ting says in a note. However, gains from higher crude palm oil prices could partly offset the weakness, he notes. Ong raises KLK's 2026-2028 core earnings forecasts by 3%-5% after increasing his CPO price assumptions on elevated crude oil prices, higher biodiesel mandates and rising costs. Maybank raises KLK's target price to 21.20 ringgit from 20.30 ringgit, and keeps a hold rating. Shares are 0.8% lower at 20.04 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 22:11 ET (02:11 GMT)

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