Business Services Industry

KLK set to soar in 2nd half, BUSINESS TIMES

Business Times (Malaysia), July, 2002 by Adeline Paul Raj

Business Times (Malaysia) 07-10-2002 SHARES of plantation company Kuala Lumpur Kepong Bhd (KLK) are set to soar in the second half of the year on expectations that crude palm oil (CPO) prices will improve further in the period. The company is a favorite among analysts and fund managers for plantation play.

AM Research, GK Goh, ABN AMRO and SG Securities have all tagged the shares a "buy", while Nomura International has rated it a "strong buy" and RHB Research an "outperform". KLK has been trading at an average of RM6.13 so far this year, with its fair value estimated at about RM7.40. It closed 25 sen higher to RM6.65 yesterday. Affin-UOB Research, which has an "accumulate" call on the shares, said KLK has a positive earnings outlook. "Driving...

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