KUALA LUMPUR: PublicInvest Research has increased its FY21-23 earnings forecasts on Kuala Lumpur Kepong Bhd (KLK) on the back of better-than-expected performance in the group's manufacturing, property and other non-core businesses.
The research house said the group's 1Q core net profit of RM285.3mil after stripping out exceptional items, came in line with its and consensus expectations at 30% and 28% of full-year estimates respectively.
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