[%hcmf%]
Research by TA
HOLD – TP RM22.09

" CPO Price Pressure Amid Ongoing Uncertainties”

We downgrade KLK to HOLD from Buy, with a revised target price of RM22.09 (previously RM23.83). This adjustment reflects a reduction in PER by 1x multiple to 18x, aligning it with the long-term sector average PER. We see a potential downside risk to CPO prices due to weak soybean prices, driven by oversupply of soybeans.   

Analyst:
Angeline Chin 
[%ruwQ%]

$KLSE-KLK
Research by TA
HOLD – TP RM22.09

" CPO Price Pressure Amid Ongoing Uncertainties”

We downgrade KLK to HOLD from Buy, with a revised target price of RM22.09 (previously RM23.83). This adjustment reflects a reduction in PER by 1x multiple to 18x, aligning it with the long-term sector average PER. We see a potential downside risk to CPO prices due to weak soybean prices, driven by oversupply of soybeans.   

Analyst:
Angeline Chin 
angelinechin@ta.com.my