Fruitful days ahead for KLK

According to Kenanga Investment Bank Research, KLK is targeting a FY21 FFB growth of 10%, excluding contributions from the acquisition of PT Pinang Witmas Sejati (PWS) and TSH Resources Bhd’s estates, which are both in Indonesia and yet to be completed.

PETALING JAYA: There are exciting prospects ahead for Kuala Lumpur Kepong Bhd (KLK) in financial year 2021 (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 a FY21 FFB growth of 10%, excluding contributions from the acquisition of PT Pinang Witmas Sejati (PWS) and TSH Resources Bhd’s estates, which are both in Indonesia and yet to be completed.