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Mixed bag of results in third quarter
PETALING JAYA: The recently concluded third quarter corporate results for 2019 showed marginal improvements over the preceding quarter.
Plantation firms worry about additional taxes
PLANTATION companies in Malaysia are now in a bittersweet position.
Planters to be hit by extra RM1 cess
KUALA LUMPUR: The additional RM1 cess per tonne of palm oil produced that will be imposed by the government starting next year will lead to higher production costs for planters.
KLK Q4 profit jumps 37%
PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) has recorded a 36.75% jump in net profit for the fourth quarter ended Sept 30 to RM175mil, boosted by its manufacturing segment.
KL Kepong FY19 net profit up slightly to RM617.5m
KUALA LUMPUR: Kuala Lumpur Kepong Bhd's net profit rose by 1.3% to RM617.50mil in the fiscal year ended Sept 30,2019 from RM609.36mil a year ago.
Plantation stocks rise on CPO futures rally
PETALING JAYA: Plantation heavyweights saw their share price jump as crude palm oil (CPO) prices continued to rally, and as investors bet on improved earnings from the companies in the coming quarters.
KLCI closes at highest since late-August
KUALA LUMPUR: Sustained fund buying of index-linked counters underpinned the FBM KLCI’s advance on Thursday as it rose to its highest since late-August.
Foreign funds buy listed equities for third week running
KUALA LUMPUR: Foreign funds marked their entrance into Malaysia equities for the third consecutive week albeit at a slower pace last week, according to MIDF Research.
RHB retains ‘buy’ call on KLK
KUALA LUMPUR: RHB Research is maintaining a “buy” call on Kuala Lumpur Kepong (KLK) with a slightly lower sum-of-parts-derived RM26.25 target price from RM28.35, which is a 22% upside plus 2% yield.
RHB Research retains buy on KL Kepong, TP RM26.25
KUALA LUMPUR: RHB Research is maintaining a Buy call on Kuala Lumpur Kepong with a slightly lower sum-of-parts derived RM26.25 target price from RM28.35, which is a 22% upside plus 2% yield. KUALA LUMPUR: RHB Research is maintaining a Buy call on Kuala Lumpur Kepong with a slightly lower sum-of-parts derived RM26.25 target price from RM28.35, which is a 22% upside plus 2% yield.