KLK to embark on production recovery in FY21

KUALA LUMPUR: There are exciting prospects in store for Kuala Lumpur Kepong Bhd (KLK) in FY21 as fresh fruit bunch (FFB) growth is expected to rise on an industry-wide production recovery after a low season.

According to Kenanga Investment Bank Research, KLK is targeting FY21 FFB growth of 10%, excluding contributions from the acquisition of PWS and TSH's FB & TSS Estates, which are both in Indonesia and yet to be completed.