[%eNcY%] 
Research by TA
HOLD – TP RM2.50

" Strategic Growth Amid Challenges”

We recently conducted a virtual meeting with the management of Kim Loong Resources Berhad (KIML) with a few key takeaways. Going ahead, the group is focused on earnings recovery in FY25. Management expects a 5% growth in FFB production and explores new revenue streams, such as coconut plantations. We keep our TP at RM2.50/share but downgrade KIML from Buy to HOLD due to limited upside potentials 

Analyst:
Angeline Chin 
[%Xoal%]

$KLSE-KMLOONG 
Research by TA
HOLD – TP RM2.50

" Strategic Growth Amid Challenges”

We recently conducted a virtual meeting with the management of Kim Loong Resources Berhad (KIML) with a few key takeaways. Going ahead, the group is focused on earnings recovery in FY25. Management expects a 5% growth in FFB production and explores new revenue streams, such as coconut plantations. We keep our TP at RM2.50/share but downgrade KIML from Buy to HOLD due to limited upside potentials 

Analyst:
Angeline Chin 
angelinechin@ta.com.my

$KMLOONG / 5027 (KIM LOONG RESOURCES BERHAD)