PublicInvest Research
Technical Buy: KMLOONG (5027)
PublicInvest
Publish date: Wed, 27 May 2020, 09:49 AM
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
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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2022-09-22 17:37
Price:1.68
Resistance rm 1.74(Break more upward)
Support rm 1.64(break more downward)
Advice buy or sell by 4pm to avoid false breakout.
22/9/2022 5.55pm
2022-09-22 17:54
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