Mixed views on Kuala Lumpur Kepong’s 4Q outlook

KLK said profits from its plantation segment will sustain despite CPO and PK prices easing following an increase of 41% and 40.9% to RM4,857 and RM3,364 per tonne respectively in 3Q of FY22.

PETALING JAYA: Analysts are mixed over Kuala Lumpur Kepong Bhd’s (KLK) fourth quarter (4Q) outlook, as the company could see higher sales from its plantation segment as well as weaker product prices.

RHB Research expects KLK to record improvements in sales volumes in 4Q due to the upliftment of the export ban in Indonesia and inventory normalisation.