RHB Research retains buy on KL Kepong, TP RM26.25

RHB Research maintains Buy for KL Kepong, with a slightly lower SOP-based TP of RM26.25.

KUALA LUMPUR: RHB Research is maintaining a Buy call on Kuala Lumpur Kepong with a slightly lower sum-of-parts derived RM26.25 target price from RM28.35, which is a 22% upside plus 2% yield.

“We believe the recent pullback in KLK’s share price, due to share placement at a discount and subsequent profit taking, is a good buying opportunity.