IJM Plantations [%JIJZ%] 
Research by UOBKayHian
 HOLD (Maintained): Target Price RM3.10 


"To Be Privatised In Dec 21 By KLK "

IJMP had been fully acquired by KLK with a major shareholding of 94.85% as of 22 Nov 21. KLK is likely to be the largest market cap plantation companies in Bursa upon the completion of the privatisation exercise. IJMP is expected to be delisted by end-Dec 21.  We reckon that the strong upcoming earnings from IJMP would have a positive impact on KLK. With these, we are ceasing coverage on IJMP. The last call is HOLD with target price of RM3.10. 


Jacquelyn Yow Hui Li 
T +603 2147 1995 
E [%YpMW%] 

Leow Huey Chuen 
T +603 2147 1990 
E [%CLkH%]

IJM Plantations $KLSE-IJMPLNT 
Research by UOBKayHian
 HOLD (Maintained): Target Price RM3.10 


"To Be Privatised In Dec 21 By KLK "

IJMP had been fully acquired by KLK with a major shareholding of 94.85% as of 22 Nov 21. KLK is likely to be the largest market cap plantation companies in Bursa upon the completion of the privatisation exercise. IJMP is expected to be delisted by end-Dec 21.  We reckon that the strong upcoming earnings from IJMP would have a positive impact on KLK. With these, we are ceasing coverage on IJMP. The last call is HOLD with target price of RM3.10. 


Jacquelyn Yow Hui Li 
T +603 2147 1995 
E jacquelyn@uobkayhian.com 

Leow Huey Chuen 
T +603 2147 1990 
E hueychuen@uobkayhian.com