Stock Name: KLK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: OSK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: OSK
OSK Research has maintained its "neutral" call on Kuala Lumpur Kepong (KLK).
It also maintained the earnings forecast of KLK on expectations that the softer price of palm oil in the remaining two quarters will be cushioned by its production growth.
"We continue to like the company, which we view, as the best managed big cap plantation company in Malaysia," it said in a research note today.
"However, valuation continues to be unattractive and hence, we are maintaining our neutral call on the stock," OSK added. -- Bernama
It also maintained the earnings forecast of KLK on expectations that the softer price of palm oil in the remaining two quarters will be cushioned by its production growth.
"We continue to like the company, which we view, as the best managed big cap plantation company in Malaysia," it said in a research note today.
"However, valuation continues to be unattractive and hence, we are maintaining our neutral call on the stock," OSK added. -- Bernama
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