KLK has proposed to buy an effective 60% stake in Liberian Palm Developments, a company with 25,547ha of palm oil concessions. Effective pricing works out to be MYR4,855/ha, which we believe is reasonable and in line with other greenfield transactions in Indonesia. We are positive on this acquisition and maintain our NEUTRAL recommendation, with a higher SOP-based FV of MYR22.40.
Recommendation Chart
Source: RHB
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KLKCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
tjhldg
in liberia ? really dun know what the management thinking , first thing in monday morning , time to say sayonara to this old friend liau ..
2013-11-08 20:12