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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 Third-Quarter Profit Surges on Higher Palm Oil Prices, Output and Forex Gains

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08/19/2020 | 06:01am EDT

By Chester Tay

Kuala Lumpur Kepong Bhd.'s net profit for the third quarter ended June 30 jumped more than seven times from a year earlier, driven by improved palm oil prices and production, coupled with foreign currency gains from a stronger Indonesian rupiah.

Net profit for the April to June period ballooned to 368.7 million ringgit ($88.1 million), while revenue grew 0.2% to MYR3.71 billion, the plantation group said in a stock exchange filing Wednesday.

Net profit for the nine-month period rose 27% from a year earlier to MYR563.8 million, despite revenue dropping 1.2% to MYR11.6 billion.

For fiscal 2020, the group expects overall profit to improve in spite of uncertainties arising from the Covid-19 pandemic, as crude palm oil prices have improved, underpinned by declining palm oil inventories and a recovery in demand with the re-opening of global economies.

 

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

 


Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 696 End-of-day quote.-0.36%
KUALA LUMPUR KEPONG -0.83% 21.4 End-of-day quote.-13.71%
LONDON BRENT OIL 0.42% 42.5 Delayed Quote.-35.20%
WTI 0.32% 40.63 Delayed Quote.-35.02%
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All news about KUALA LUMPUR KEPONG
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Financials
Sales 2020 17 416 M 4 197 M 4 197 M
Net income 2020 805 M 194 M 194 M
Net Debt 2020 3 662 M 882 M 882 M
P/E ratio 2020 28,4x
Yield 2020 2,31%
Capitalization 29 346 M 7 079 M 7 071 M
EV / Sales 2020 1,90x
EV / Sales 2021 1,77x
Nbr of Employees 40 000
Free-Float 24,0%
Chart KUALA LUMPUR KEPONG
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Kuala Lumpur Kepong Technical Analysis Chart | MarketScreener
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Technical analysis trends KUALA LUMPUR KEPONG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 24,25 MYR
Last Close Price 21,40 MYR
Spread / Highest target 26,2%
Spread / Average Target 13,3%
Spread / Lowest Target -5,65%
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-13.71%7 079
MUYUAN FOODS CO., LTD.36.40%39 938
CORTEVA, INC.12.08%24 800
WENS FOODSTUFF GROUP CO., LTD.-31.64%18 249
GUANGDONG HAID GROUP CO., LIMITED64.58%14 195
PT CHAROEN POKPHAND INDONESIA TBK-7.69%6 686