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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Kuala Lumpur Kepong    KLK   MYL2445OO004

KUALA LUMPUR KEPONG

(KLK)
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Kuala Lumpur Kepong 2Q Net Profit Plunged 80%

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05/27/2020 | 05:55am EDT

By Chester Tay

Kuala Lumpur Kepong Bhd.'s second-quarter net profit plunged from a year earlier, due to foreign-exchange losses arising from a weaker Indonesian rupiah against the U.S. dollar and the Malaysian ringgit as investors flocked to safe-haven assets amid the Covid-19 crisis.

Net profit slumped 80% to 27.9 million ringgit ($6.4 million), while revenue declined 3.5% to MYR3.81 billion, the plantation group said Wednesday.

First-half net profit declined 50% to MYR195.1 million, while revenue fell 1.8% to MYR7.88 billion.

Kuala Lumpur Kepong said crude palm oil prices are anticipated to remain under pressure in the second half due to economic uncertainties resulting from the pandemic.

While the company expects profit from the plantation segment to remains "satisfactory" for 2020, it cautioned that the oleochemical division may face a challenging operating environment.

 

Write to Chester Tay at chester.tay@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 2.76% 5.96 Delayed Quote.8.36%
BATU KAWAN -3.10% 15.02 End-of-day quote.-13.88%
CPO (CPO) - CMG (ELECTRONIC)/C1 0.09% 558.25 End-of-day quote.-20.15%
EURO / US DOLLAR (EUR/USD) 0.10% 1.1296 Delayed Quote.0.67%
JUST GROUP PLC 2.25% 49.06 Delayed Quote.-37.90%
KUALA LUMPUR KEPONG 0.27% 22.58 End-of-day quote.-8.95%
LONDON BRENT OIL -0.85% 42.874638 Delayed Quote.-35.88%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
WILL GROUP, INC. -2.52% 618 End-of-day quote.-50.64%
WTI 2.42% 40.565 Delayed Quote.-35.40%
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Financials
Sales 2020 17 255 M 4 047 M 4 047 M
Net income 2020 758 M 178 M 178 M
Net Debt 2020 3 379 M 793 M 793 M
P/E ratio 2020 31,9x
Yield 2020 2,04%
Capitalization 30 964 M 7 265 M 7 262 M
EV / Sales 2019
EV / Sales 2020 1,99x
Nbr of Employees 40 000
Free-Float 24,4%
Chart KUALA LUMPUR KEPONG
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Technical analysis trends KUALA LUMPUR KEPONG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 22,58 MYR
Last Close Price 22,58 MYR
Spread / Highest target 19,6%
Spread / Average Target -0,01%
Spread / Lowest Target -19,8%
EPS Revisions
Managers
NameTitle
Oi Hian Lee Chief Executive Officer & Executive Director
Muhammad Alias bin Muhammad Ali Chairman
Sean Meng Leong Group Chief Financial Officer
Hau Hian Lee Non-Independent Non-Executive Director
Eng Khoon Yeoh Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
KUALA LUMPUR KEPONG-8.95%7 265
MUYUAN FOODS CO., LTD.71.19%47 868
WENS FOODSTUFF GROUP CO., LTD.-13.25%22 116
CORTEVA INC0.00%19 922
GUANGDONG HAID GROUP CO., LIMITED44.50%11 742
CHAROEN POKPHAND FOODS15.45%8 218