Highlights
KLSE: KLK (2445)       KUALA LUMPUR KEPONG BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
19.00   -0.34 (1.76%)  19.00 - 19.40  134,200
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Overview

Market Cap: 20,539 Million
NOSH: 1,081 Million
Avg Volume (4 weeks):378,731
4 Weeks Range:18.52 - 20.14
4 Weeks Price Volatility (%):
29.63%
52 Weeks Range:18.52 - 25.22
52 Weeks Price Volatility (%):
7.16%
Average Price Target: 25.74
Price Target Upside/Downside: +6.74

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#2]  |  19-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  19-Aug-2021
T4Q P/E | EY: 14.41  |  6.94%
T4Q DY | Payout %: 1.05%  |  15.13%
T4Q NAPS | P/NAPS: 10.5656  |  1.80
T4Q NP Margin | ROE: 9.51%  |  12.48%

Headlines

Date Subject
05-Aug-2021 Plantation - The Return of La Niña?
13-Jul-2021 Plantation - Highest Stockpile Since Sep-20
13-Jul-2021 Plantation - Fourth Consecutive Monthly Rise in Inventory
13-Jul-2021 Plantations - Sector Update - Inventory rose 2.8% mom to 1.61m tonnes
02-Jul-2021 Plantation - CPO Price Has Peaked
02-Jul-2021 Plantation - Better supply outlook in 2H21
27-Jun-2021 Plantation - Sector Update - Outlook 2H21: In the limelight
23-Jun-2021 Plantation - TSH-KLK Land Deal Is Off
21-Jun-2021 Kuala Lumpur Kepong - FFB Output Growth of 3-5% in FY21
14-Jun-2021 Mplus Market Pulse - 14 Jun 2021
12-Jun-2021 IJM Corp accepts KLK's offer for its plantation - Koon Yew Yin
11-Jun-2021 Plantation - The Month of Full Lockdown
11-Jun-2021 Plantation - Marginal Rise in Stockpile
10-Jun-2021 吉隆坡甲洞收购价可成基准 种植业或掀并购风
10-Jun-2021 MPOB Monthly Statistics May 2021 - Inventory rose 1.5% mom to 1.57m tonnes
10-Jun-2021 Kuala Lumpur Kepong - Acquiring IJM Plantation from IJM Corp
10-Jun-2021 Kuala Lumpur Kepong Bhd - In M&A mode
10-Jun-2021 KUALA LUMPUR KEPONG - Acquiring IJM Plantations
10-Jun-2021 Mplus Market Pulse - 10 Jun 2021
10-Jun-2021 Kuala Lumpur Kepong - Proposed 56.2% Stake Acquisition in IJMP

Business Background

Kuala Lumpur Kepong Bhd harvests oil palm and rubber plantations in Southeast Asia. On top of utilizing the plantations, the company manufactures fatty acids and alcohols, oleochemicals, soaps, rubber gloves, and other specialty chemicals. Through acquisitions the company has been able to obtain multiple storage facilities and establish a global reach. Customers can use the goods to create lubricants, cosmetics, paints, food, inks, and other products. The company has also branched out into property development and retail. It has developed commercial and residential areas in Asia and created townships with businesses and homes mixed in the same community.
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UndukNgadau Will try to buy more this week. Maybe Wednesday or Friday
27/04/2021 12:08 PM
supersinginvestor Better buy utdplnt..UP
06/05/2021 3:19 PM
supersinginvestor Unker sifu advice u..buy utdplnt..better..klk n bkawan not worth it. Ok..
06/05/2021 3:46 PM
brian3381 y red?????
10/05/2021 5:24 PM
gemfinder Very excelent result
19/05/2021 5:33 PM
ahbah 2morow, UP, UP, UP.
19/05/2021 5:36 PM
UndukNgadau Both KLK & BKawan(Mother) results are supremely fabulous
19/05/2021 6:39 PM
calvintaneng PALM OIL COMPANIES: KLK, BATU KAWAN & TSH RESOURCES GOOD, GREAT & FANTASTIC RESULTS OUT, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-05-19-story-h1565150562-PALM_OIL_COMPANIES_KLK_BATU_KAWAN_TSH_REOURSES_GOOD_GREAT_FANTASTIC_RES.jsp
19/05/2021 11:05 PM
LossAversion KLK = Kedekut Lagi Kedekut.
20/05/2021 10:58 AM
Mrsonic 0.200 hahahahahaha
22/05/2021 9:53 AM
UndukNgadau Why 0.20 only? Easy, because KLK need to pay RM513.12 million to TSH Resources Bhd for 90% stakes in PT Farinda Bersaudara and PT Teguh Swakarsa Sejahtera.
22/05/2021 1:27 PM
UndukNgadau 513.14 million is no small change. It's more then many listed Co total market capitalisation(MC). Take Innoprise Plantations Berhad for example, total MC is 512 million!
22/05/2021 1:35 PM
UndukNgadau Batu Kawan(KLK's mother) also paying 0.20 dividend. Because it bought Chemical Company of Malaysia Bhd (CCM) for over ½ a billion.
22/05/2021 1:41 PM
UndukNgadau Honestly, if you are looking for high dividend, then go for UP(United Plantation). I'm going for high growth. So I'm with BKawan & KLK forever
22/05/2021 1:48 PM
UndukNgadau & not forgetting, in FY2020, our KLK also bought 60% stake in PT Pinang Witmas Sejati (PWS) for RM341.55 million. That's a whopping RM854.67 million(with TSH plantation land buy 513.12M) in total
23/05/2021 10:47 AM
Toppick2019 https://klse.i3investor.com/m/blog/Momentum/2021-05-23-story-h1565207470-3_major_beneficiaries_of_high_CPO_price.jsp
23/05/2021 9:19 PM
UndukNgadau https://www.nst.com.my/news/nation/2021/05/694422/agriculture-fisheries-sector-continue-operating-during-lockdown
30/05/2021 7:22 PM
UndukNgadau https://news.cgtn.com/news/2021-05-29/China-s-securities-regulator-approves-crude-and-palm-oil-trading-10EpuQL3qmI/index.html
30/05/2021 7:33 PM
Mabel Yesterday’s FCPO selling pressure again was capped within the ongoing support of MYR3,845 and the 61.8% FR level. Selling pressure appears to be moderating at aforementioned level as we expect a recovery soon.

Buying interest continued to pick up over the past six days and we expect the FCPO to rebound, leading to further recovery soon.

Mabel expect FCPO consolidation is about to end...Uptrend still intact...

For those who decided to run, please run and take shelter at the Plantation. Come and join us at the plantation. Weather is beautiful and CPO is doing great. It's a great opportunity to feed 8 billion people across the planet.

As long as CPO is trading above RM 3,000 we can expect windfall profits for the coming quarter.. Currently CPO prices is at its best..

Meow
02/06/2021 11:04 PM
UndukNgadau Batu Kawan been buying more for the last 3 days
03/06/2021 7:04 PM
UndukNgadau http://www.dailyexpress.com.my/news/172226/s-kan-factory-catches-fire/
04/06/2021 12:01 PM
UndukNgadau Both KLK & IOI will benefit. As they are the only 2 refinery nearby, Sandakan(IOI) & Lahad Datu(KLK)
04/06/2021 12:04 PM
calvintaneng IJMPLANT GOOD LAH

KLK ONLY PAY RM3.10 FOR IJMPLANT IN THIS SUPER BULL CPO TIME IS CHEAP

I EXPECT RM3.50 TO RM4.00 FOR IJMPLANT

RM3.10 ONLY FAIR DEAL

See

YEAR...LOWEST PRICE...HIGHEST PRICE

2004..Rm1.00........Rm1.40
2005...0.91.........Rm1.20
2006..Rm1.02........Rm1.66
2007..Rm1.36........Rm3.25
2008..Rm1.19........Rm4.01
2009..Rm1.81........Rm2.89
2010..Rm2.36........Rm3.14
2011..Rm2.38........Rm3.24
2012..Rm2.63........Rm3.77
2013..Rm2.75........Rm3.62
2014,,Rm3.11........Rm4.03

As you can see both in Years 2008 & 2014 IjMPLANT CROSSED THE RM4.00 MARK
10/06/2021 10:26 AM
stockraider REMEMBER THE IMPORTANT STRATEGY BELOW LOH!

1.If KLK intend to maintained the listing status of IJMplant after takeover, it will be very bullish mah!
It may shoot passed Rm 3.20 takeover price mah, bcos u r actually a business partner of KLK at IJMPLANT with the same cost of Rm 3.20 OR BELOW mah!

2. If KLK do not want to maintain the listing status of IJMplant...it will be bullish too bcos, KLK would need to fork out more than Rm 3.20 to entice enough minority shareholders to qualify for privatizations, i think an offer price above rm 3.60 to Rm 4.00 is required if want complete privatization mah!

Thus it is bullish for IJMPLANT no matter how U assess mah!

THE POINT IS SAVVY INVESTORS ARE LOOKING AT A RETURN & EXCEED BEYOND THE GO OF RM 3.20 FOR IJMPLANT MAH!

Looking the Price KLK Offer to IJMPLANT is so so not that really attractive at Rm 3.20 mah...to be really attractive the offer price or Ijmplant share price need to go above rm 4.00 higher than previous historical high of rm 4.03 mah!


Posted by winterwolf > Jun 11, 2021 7:59 PM | Report Abuse

KLK is doing a MGO on the remaining shares in IJMPLNT, and further good news is it intends to maintain the listing status, unless other shareholders dump the shares on KLK that listing status cannot be maintained due to breach of listing requirement.
11/06/2021 8:04 PM
Fabien _the efficient capital allocator Looks like market does not take well with the acquisition.
15/06/2021 8:10 PM
UndukNgadau I think it's because of Taiko Plantations Pte Ltd impending takeover of all KLK's Indonesian operations. Whereas, KLK will be holding onto Malaysian. Same too with IJMPlant Indonesian operations will be moving to Taiko Plantations portfolio. Remember this: https://www.theedgemarkets.com/article/tsh-resources-sells-two-indonesian-plantation-units-klk-pay-debts
16/06/2021 12:19 AM
UndukNgadau Taiko Plantations Pte Ltd(an indirect wholly-owned subsidiary of KLK) IPO might be happening early of 2022. So maybe Market dislike the idea of Singapore IPO of Taiko Plantations Pte Ltd.
16/06/2021 12:32 AM
sheldon What an overpriced acquisition!!
Net Asset per share = 1.34; Usually plantation co's shares trade below NTA. To add to insult, the Co made losses for the last 2 years despite stratospheric CPO prices.

Complete rubbish of a co. This is the 2nd overpayment after its holding co paid a massive premium for CCM. Is there some kind of political mileage or some private backdoor arrangement in this charity?
22/06/2021 5:09 AM
UndukNgadau https://www.klsescreener.com/v2/announcements/view/3380685
22/06/2021 6:27 PM
Fabien _the efficient capital allocator When CPO at its all time peak, of course you have to overpay if one needs to make any successful acquisition.
22/06/2021 8:03 PM
sheldon I disagree Fabien - you don't overpay. The market price already reflects this high CPO price & any prospective movements (per Efficient Market Hypothesis). In conclusion if you pay market price then it's a fair compensation for both parties. Maybe a slight premium to seal the deal.

Anyway the recent reports indicate that CPO prices are way off their peaks.
23/06/2021 4:51 AM
Jeffreyteck A segment of employers accused of human trafficking crimes were instead probed and charged under Malaysian immigration or labour laws, according to the US State Department Trafficking (TIP) in Persons 2021 report.

Malaysia was downgraded to Tier 3 - the lowest status which carries potential restrictions to US aid - after three years of being on the Tier 2 watchlist.

Believe gov will give the correct views as US is likely wrong, as we are on our way to a high income nation.
02/07/2021 3:07 PM
The_JQuestion high income nation we r still being paid at the mere min wage...and fresh grad aare haardly getting 2k nowadays
while everything is going up inclluding our neighbours malaysia have been good in mantaining and even dropping in terms of pay...its gonna be worst post covid
07/07/2021 2:30 PM
dompeilee Bought 2 lots KLK @19.96
07/07/2021 2:47 PM
UndukNgadau Dompeilee: perfect timing. Dividend ex date this Friday the 9th.
07/07/2021 6:01 PM
dompeilee =) Hold for years also OK la...sell @25 =)
08/07/2021 7:23 AM
Bgt 9963 Good morning.!
08/07/2021 8:42 AM
kl_guy bursa is too quiet until can play flashing number at KLK . Just look at KLK volume queue can chg all the time.
12/07/2021 9:19 AM
Mabel Although FCPO is trading near the critical resistance, buying interest remained elevated, thanks to
external boost from Soybean Oil. A stronger market structure was observed within a smaller timeframe, and we expect FCPO to test the upper resistance level ahead.

SUPPORT
S1: MYR3,840 S2: MYR3,740

RESISTANCE
R1: MYR4,000 R2: MYR4,155

MOMENTUM
Improving buying interest

TREND
Re challenge the resistance

Meow
14/07/2021 7:03 PM
vanbasten9 Dompilee has checked himself into sg buloh jail
14/07/2021 7:59 PM
kl_guy https://www.theedgemarkets.com/article/kim-loong-resources-eyes-record-year-amid-high-cpo-prices
kim loong also make profit. Plantation giant like KLK sure will be better. Aug q-report will be great.
16/07/2021 9:08 PM
focusinvesting second best plantation stock in Malaysia and the best is likely UP. Here's why:

https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/
17/07/2021 11:43 PM
Bgt 9963 Good morning.
18/07/2021 11:24 AM
guppycrow Rubber and palm oil
27/07/2021 10:29 AM
Kalaihselvan Krishnan Keep Dropping . Anyone can comment?
28/07/2021 9:22 PM
Bgt 9963 Good morning.!
29/07/2021 8:48 AM
qcmboy Intuition want the chip in your hand. Max they can give today is 19.4. If no much people sell they will drop some more untill you sell.
29/07/2021 11:01 AM
troy88 Wow, shocking to see the great KLK has fallen to this level
30/07/2021 2:54 PM
Bgt 9963 Good luck.!
30/07/2021 4:24 PM
Young1 Looks like ESG is putting lot of weights on plantation stocks.

Obviously, US is playing on force labour issue to justify for their high premium price delta between soy oil and palm oil as we never see this force labour issues being so dramatize in the pass until lately; just like glove sector.

Sadly, many institutions and fund managers; including our local institutions are also singing along with this but neglecting the fact that:
1. Palm oil is the most efficient vegetable oil per hectare in the world. (8 times more efficient than soy oil, the major competitor for palm oil)
2. The recent published "Palm Oil - Global Market Trajectory & Analytics" report has indicated that palm oil market will be growing at 5% CAGR from 2020 to 2026.
3. Palm oil is most widely used vegetable oil ranging from all range of product in supermarkets due to its temperature stability.
4. Land used (allowed) for palm trees is plateauing with Malaysia limits at around 5.8 million Hectare and Indonesia at around 15 million hectare.
5. Climate change is not going away and there will continue to have volatile weather like extreme hot and dry weathers recently in Latin America and now in most of corn belt region in USA. These will seriously affecting the yield of soybeans and other vegetable oil such as corn and rapeseed as they are more sensitive to weather changes but not so for palm trees.

So, CPO price will continue to be at elevated level in the coming years as demand is growing and supply will be limited due to caps put up by both Malaysia and Indonesia governments on lands to be used for palm oil. As long as CPO price are at RM2200 and above, well managed plantations companies will be making profit.

Investing in plantation stocks needs a long term view that you just want to have better returns than your FD interest rate and relative stable capital fluctuations. So, good and consistent dividend yield shall be primary consideration and capital gain shall be secondary. At current price level, there are numbers of plantation stocks that gave you 7% to 9% dividend if you have bought it 10 months ago.

With this mindset, you will be able to slept at ease when you put your money in plantation stocks. :)

Happy investing and have nice weekend.
30/07/2021 8:53 PM


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