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

KUALA LUMPUR KEPONG

(KLK)
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Southeast Asia stocks: End firmer on virus vaccine hopes; Thailand hits 2-1/2 month high

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05/19/2020 | 07:32am EDT
A stockbroker speaks on the phone inside the Philippine Stock Exchange (PSE) in Makati city, metro Manila

By Pranav A K

Southeast Asian stock markets gained on Tuesday, with Thailand hitting its highest level in more than two months, as investors cheered positive data from an early-stage study testing a coronavirus vaccine.

Asian equities tracked Wall Street's rally on Monday after drugmaker Moderna Inc's experimental COVID-19 vaccine appeared safe and showed promise in a small group of healthy volunteers, according to very early data.

"The peak-virus trade continues to gather momentum after last night's Moderna headlines," said Jeffrey Halley, senior market analyst at OANDA.

"Moderna's trial is terrific news, but the sample size was not statistically significant... Thus, in the best-case scenario, it will probably be another year before normal life will make a comeback, at best."

Leading gains in the region, Thai shares rose 1.8% to close at their highest level since March 6, lifted by industrial and energy stocks.

Thai Airways International surged 14.6% and boosted the index after the cabinet approved a court-led restructuring of the troubled national carrier.

Indonesian shares, which rose as much as 2.2% in the session, closed 0.8% higher after the central bank kept its policy rate steady against expectations for a cut.

Interest rate sensitive bank stocks rose on the news, with Bank Tabungan Pensiunan Nasional Syariah PT jumping 8.1% and PT Bank Rakyat Indonesia (Persero) surging 9.2%.

However, Bank Indonesia (BI) pledged to maintain ample cash in the financial system and said there was room to cut rates in the future to cushion Southeast Asia's biggest economy.

"With BI retaining its accommodative stance we continue to expect more rate cuts in the coming months given expectations for a contraction in GDP as early as the 2Q," ING Economist Nicholas Mapa wrote in a note.

Singapore shares extended gains into a third session, buoyed by financial and consumer service stocks.

Malaysian stocks rose 1%, closing at its highest level since April 20, after the world's biggest edible oil importer India resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row.

Petronas Chemicals Group climbed 5%, while palm oil and rubber plantation company Kuala Lumpur Kepong rose 3.5%.

(Reporting by A K Pranav in Bengaluru; Editing by Amy Caren Daniel)


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 3.09% 22.72 Delayed Quote.313.09%
BATU KAWAN -0.13% 15.2 End-of-day quote.-12.84%
BEST INC. -5.26% 2.88 Delayed Quote.-48.20%
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 696 End-of-day quote.-0.36%
JUST GROUP PLC -0.68% 46.64 Delayed Quote.-40.96%
KUALA LUMPUR KEPONG 0.00% 21.4 End-of-day quote.-13.71%
LONDON BRENT OIL -1.65% 41.66 Delayed Quote.-35.76%
MODERNA, INC. -0.44% 70.53 Delayed Quote.260.58%
PETRONAS CHEMICALS GROUP 1.71% 5.95 End-of-day quote.-19.05%
PT BANK RAKYAT INDONESIA (PERSERO) TBK -0.30% 3290 End-of-day quote.-25.23%
PT BANK TABUNGAN PENSIUNAN NASIONAL SYARIAH TBK -3.46% 3910 End-of-day quote.-8.00%
SET -0.24% 1213.61 Real-time Quote.-23.18%
THAI AIRWAYS INTERNATIONAL -1.32% 3 End-of-day quote.-56.20%
THE NEW HOME COMPANY INC. 0.60% 5.06 Delayed Quote.8.58%
WILL GROUP, INC. 1.55% 852 End-of-day quote.-31.95%
WORLD CO., LTD. 1.31% 1397 End-of-day quote.-48.09%
WTI -2.04% 39.715 Delayed Quote.-33.87%
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Financials
Sales 2020 17 416 M 4 192 M 4 192 M
Net income 2020 805 M 194 M 194 M
Net Debt 2020 3 662 M 881 M 881 M
P/E ratio 2020 28,4x
Yield 2020 2,31%
Capitalization 29 346 M 7 059 M 7 063 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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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%7 059
MUYUAN FOODS CO., LTD.32.15%38 681
CORTEVA, INC.12.21%24 830
WENS FOODSTUFF GROUP CO., LTD.-31.43%18 300
GUANGDONG HAID GROUP CO., LIMITED55.69%13 424
PT CHAROEN POKPHAND INDONESIA TBK-7.69%6 699