Higher earnings expected for KLK this year

In a report, TA Securities Research said it has raised its CPO price assumptions for 2022 to RM4,000 per tonne from RM3,500 per tonne.

PETALING JAYA: Following a strong start in the first quarter, which beat analysts’ expectations, Kuala Lumpur Kepong Bhd (KLK) is expected to see higher earnings in financial year 2022 (FY’22) given the still high crude palm oil (CPO) price.

Analysts expect the CPO price rally to continue in the first half of the year before tapering off in the second half.