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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 1Q Net Profit Down 33%

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02/17/2020 | 08:31pm EDT

By Chester Tay

Plantation company Kuala Lumpur Kepong Bhd. said first-quarter net profit fell 33% on year due to weaker earnings from its manufacturing business and lower gains from foreign exchange and government acquisition of plantation land.

Net profit for the October-to-December quarter was 167 million Malaysian ringgit ($40.3 million), compared with MYR251 million a year earlier, the Malaysian conglomerate said in its earnings statement.

Revenue fell 0.2% on year to MYR4.08 billion.

Profit at the company's plantation business grew 24% on year to MYR157.7 million due to favorable crude palm oil selling prices.

Crude palm oil prices averaged MYR2,207 per metric ton during the quarter, 20% higher than a year earlier, it said.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 -0.57% 481 End-of-day quote.-31.14%
KUALA LUMPUR KEPONG -0.82% 21.68 End-of-day quote.-12.58%
LONDON BRENT OIL -4.51% 34.34 Delayed Quote.-46.15%
WTI -4.96% 32.355 Delayed Quote.-44.75%
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Financials (MYR)
Sales 2020 17 941 M
EBIT 2020 1 246 M
Net income 2020 801 M
Debt 2020 3 335 M
Yield 2020 2,23%
P/E ratio 2020 29,0x
P/E ratio 2021 25,6x
EV / Sales2020 1,49x
EV / Sales2021 1,39x
Capitalization 23 381 M
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 22,10 MYR
Last Close Price 21,68 MYR
Spread / Highest target 24,5%
Spread / Average Target 1,93%
Spread / Lowest Target -21,6%
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-12.58%5 358
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WENS FOODSTUFF GROUP CO., LTD.-20.21%19 958
CORTEVA INC0.00%19 188
GUANGDONG HAID GROUP CO., LIMITED34.25%10 705
CHAROEN POKPHAND FOODS5.45%7 432