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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 26 Nov 2020, 11:22 AM

 

Technical Buy: KMLOONG (5027)

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Description

KMLOONG and its subsidiaries are principally involved in investment holding, cultivation of oil palm, processing of oil palm fresh fruit bunches and marketing of oil palm products, processing of oil palm fibre and biogas and power generation.

Fundamentals

For the FY2021, KMLOONG forecast the fresh fruit bunches (FFB) production to be about 10% higher than the quantity achieved in the financial year 2020 after taking into consideration of the impending completion of the recent acquisition of landbank and the impact of on-going replanting programme. With the recent volatile movements in crude oil commodity price and global outbreak of the COVID-19 health crisis, the management remains cautious but positive that the crude palm oil (CPO) price could hold at above RM2,000 per MT level.

Source: PublicInvest Research - 27 May 2020

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Labels: KMLOONG

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Chart Stock Name Last Change Volume 
KMLOONG 1.53 +0.02 (1.32%) 686,100 

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