KLK's upstream earnings remain supported by CPO prices

KUALA LUMPUR: Kuala Lumpur Kepong Bhd could continue to see strong earnings in the final quarter of the year on the back of firm CPO prices although this could be partially offset by higher taxation and a weaker downstream segment.

Following an expectation-beating performance, Kenanga Research said it expects the plantations group's upstream segment to continue to perform given the expected improvements in fresh fruit bunch (FFB) production and firm 4QFY21 CPO prices.