IJM Plantations $IJMPLNT / 2216 (IJM PLANTATIONS BERHAD)
Research by AffinHwang Investment Bank
Ceasing coverage: Price Target: N.A


"Strong 6MFY22 results; soon to be delisted"

IJMP posted a core net profit of RM150.1m in 6MFY22, up more than 100% yoy,
thanks to strong CPO selling prices. 6MFY22 results came in above our expectations, mainly attributable to betterthan-expected margins. We cease coverage on IJMP as it will soon be delisted given that KLK now holds more than 90% of its shares.

Nadia Aquidah
T (603) 2146 7528
E nadia.subhan@affinhwang.com