KLK poised for better earnings in 2H

RHB Research said the group’s earnings could be boosted by its 2,500-acre land in Kulai, Johor.

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) is poised for improved earnings in the second half of the financial year 2024 (2H24) on strong fresh fruit bunch (FFB) output, lower unit costs and higher downstream earnings.

In the longer term, RHB Research said the group’s earnings could be boosted by its 2,500-acre land in Kulai, Johor which has been earmarked for industrial development incorporating renewable energy (RE) such as solar.