With 53% of KLK’s landbank in Indonesia, RHB Research said that up to 70% of its crude palm oil (CPO) from its estates is supplied downstream to its own refineries, resulting in the group benefiting from Indonesia’s tax structure.
PETALING JAYA: RHB Research is keeping a “buy” call on Kuala Lumpur Kepong Bhd
(KLK) with a higher target price of RM27.10 from RM26.65, considering the group’s listed investments’ current market prices and its latest stake in Aura Muhibah Sdn Bhd.
Last year, KLK’s stake in property developer Aura Muhibah rose to 60% after UEM Land Bhd disposed 20% of its stake in the property developer to KLK.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
