KLK (2445): KUALA LUMPUR KEPONG BHD Price Target

Highlights

Stock Price Target

KLSE: KLK

Last Price	Avg Target Price	Upside/Downside	Price Call
23.00	26.57	+3.57 (15.52%)

* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.

** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
11/08/2022	22.60	25.75	+3.15 (13.94%)	BUY	RHB-OSK
11/08/2022	22.60	26.54	+3.94 (17.43%)	BUY	HLG
03/08/2022	21.96	26.54	+4.58 (20.86%)	BUY	HLG
13/07/2022	20.98	26.54	+5.56 (26.50%)	BUY	HLG
13/07/2022	20.98	28.77	+7.79 (37.13%)	BUY	BIMB
12/07/2022	20.62	26.54	+5.92 (28.71%)	BUY	HLG
07/07/2022	20.02	26.30	+6.28 (31.37%)	BUY	RHB-OSK
05/07/2022	22.28	21.55	-0.73 (3.28%)	SELL	AmInvest
01/07/2022	21.92	28.77	+6.85 (31.25%)	BUY	BIMB
24/06/2022	22.50	26.30	+3.80 (16.89%)	BUY	RHB-OSK
24/06/2022	22.50	30.00	+7.50 (33.33%)	BUY	KENANGA
24/06/2022	22.50	32.43	+9.93 (44.13%)	BUY	HLG
13/06/2022	24.92	34.15	+9.23 (37.04%)	BUY	RHB-OSK
13/06/2022	24.98	30.00	+5.02 (20.10%)	BUY	KENANGA
13/06/2022	24.98	34.16	+9.18 (36.75%)	BUY	HLG
08/06/2022	25.20	34.16	+8.96 (35.56%)	BUY	HLG
07/06/2022	25.90	28.40	+2.50 (9.65%)	BUY	BIMB
25/05/2022	26.00	34.15	+8.15 (31.35%)	BUY	RHB-OSK
25/05/2022	26.00	26.62	+0.62 (2.38%)	HOLD	PUBLIC BANK
25/05/2022	26.00	30.00	+4.00 (15.38%)	BUY	KENANGA
25/05/2022	26.00	28.40	+2.40 (9.23%)	BUY	BIMB
25/05/2022	26.00	23.70	-2.30 (8.85%)	SELL	AmInvest
20/05/2022	26.64	32.43	+5.79 (21.73%)	BUY	HLG
19/05/2022	26.70	26.62	-0.08 (0.30%)	HOLD	PUBLIC BANK
18/05/2022	27.16	32.43	+5.27 (19.40%)	BUY	HLG
11/05/2022	26.80	30.00	+3.20 (11.94%)	BUY	KENANGA
11/05/2022	26.80	32.43	+5.63 (21.01%)	BUY	HLG
11/05/2022	26.80	28.40	+1.60 (5.97%)	BUY	BIMB
28/04/2022	29.26	31.45	+2.19 (7.48%)	BUY	RHB-OSK
28/04/2022	29.26	32.43	+3.17 (10.83%)	BUY	HLG
28/04/2022	29.26	28.40	-0.86 (2.94%)	BUY	BIMB
26/04/2022	29.20	31.45	+2.25 (7.71%)	BUY	RHB-OSK
12/04/2022	27.00	30.00	+3.00 (11.11%)	BUY	KENANGA
12/04/2022	26.92	32.43	+5.51 (20.47%)	BUY	HLG
07/04/2022	26.72	32.43	+5.71 (21.37%)	BUY	HLG
05/04/2022	26.20	30.00	+3.80 (14.50%)	BUY	KENANGA
04/04/2022	25.30	32.43	+7.13 (28.18%)	BUY	HLG
18/03/2022	25.00	31.45	+6.45 (25.80%)	BUY	RHB-OSK
18/03/2022	25.00	32.43	+7.43 (29.72%)	BUY	HLG
17/03/2022	25.82	32.43	+6.61 (25.60%)	BUY	HLG
11/03/2022	26.24	31.45	+5.21 (19.86%)	BUY	RHB-OSK
11/03/2022	26.24	32.43	+6.19 (23.59%)	BUY	HLG
10/03/2022	26.80	31.45	+4.65 (17.35%)	BUY	RHB-OSK
10/03/2022	26.80	28.40	+1.60 (5.97%)	BUY	BIMB
17/02/2022	25.62	31.05	+5.43 (21.19%)	BUY	PUBLIC BANK
17/02/2022	25.62	30.00	+4.38 (17.10%)	BUY	KENANGA
17/02/2022	25.62	32.43	+6.81 (26.58%)	BUY	HLG
17/02/2022	25.62	28.40	+2.78 (10.85%)	BUY	BIMB
17/02/2022	25.62	23.30	-2.32 (9.06%)	SELL	AmInvest
16/02/2022	25.52	25.33	-0.19 (0.74%)	BUY	HLG
11/02/2022	22.70	30.00	+7.30 (32.16%)	BUY	KENANGA
11/02/2022	22.74	25.62	+2.88 (12.66%)	BUY	HLG
11/02/2022	22.70	25.30	+2.60 (11.45%)	BUY	BIMB
28/01/2022	21.72	23.30	+1.58 (7.27%)	HOLD	AmInvest
11/01/2022	21.82	30.00	+8.18 (37.49%)	BUY	KENANGA
11/01/2022	21.70	25.62	+3.92 (18.06%)	BUY	HLG
04/01/2022	21.82	25.62	+3.80 (17.42%)	BUY	HLG
03/01/2022	21.78	30.00	+8.22 (37.74%)	BUY	Rakuten
03/01/2022	21.78	30.00	+8.22 (37.74%)	BUY	KENANGA
30/12/2021	21.70	26.50	+4.80 (22.12%)	BUY	KENANGA
28/12/2021	21.60	21.85	+0.25 (1.16%)	HOLD	AmInvest
22/12/2021	21.10	23.60	+2.50 (11.85%)	BUY	KENANGA
20/12/2021	21.38	24.40	+3.02 (14.13%)	BUY	BIMB
13/12/2021	20.86	25.62	+4.76 (22.82%)	BUY	HLG
10/12/2021	20.90	24.40	+3.50 (16.75%)	BUY	BIMB
08/12/2021	20.54	25.62	+5.08 (24.73%)	BUY	HLG
02/12/2021	20.80	23.60	+2.80 (13.46%)	BUY	KENANGA
02/12/2021	20.80	24.40	+3.60 (17.31%)	BUY	BIMB
26/11/2021	20.90	25.62	+4.72 (22.58%)	BUY	HLG
24/11/2021	20.26	25.11	+4.85 (23.94%)	BUY	PUBLIC BANK
24/11/2021	20.26	26.50	+6.24 (30.80%)	BUY	KENANGA
24/11/2021	20.26	25.62	+5.36 (26.46%)	BUY	HLG
24/11/2021	20.26	24.40	+4.14 (20.43%)	BUY	BIMB
24/11/2021	20.26	21.85	+1.59 (7.85%)	HOLD	AmInvest
11/11/2021	20.56	23.60	+3.04 (14.79%)	BUY	KENANGA
11/11/2021	20.56	25.33	+4.77 (23.20%)	BUY	HLG
10/11/2021	20.52	24.40	+3.88 (18.91%)	BUY	BIMB
08/11/2021	20.88	25.33	+4.45 (21.31%)	BUY	HLG
01/11/2021	21.30	25.51	+4.21 (19.77%)	BUY	PUBLIC BANK
01/11/2021	21.30	22.22	+0.92 (4.32%)	HOLD	AmInvest
26/10/2021	22.60	25.33	+2.73 (12.08%)	BUY	HLG
22/10/2021	22.88	25.51	+2.63 (11.49%)	BUY	PUBLIC BANK
18/10/2021	22.70	25.30	+2.60 (11.45%)	BUY	MACQUARIE GROUP
12/10/2021	22.46	23.60	+1.14 (5.08%)	BUY	KENANGA
12/10/2021	22.46	25.33	+2.87 (12.78%)	BUY	HLG
04/10/2021	20.00	23.60	+3.60 (18.00%)	BUY	KENANGA
21/09/2021	19.80	22.22	+2.42 (12.22%)	HOLD	AmInvest
20/09/2021	20.50	23.60	+3.10 (15.12%)	HOLD	KENANGA
13/09/2021	20.90	23.60	+2.70 (12.92%)	BUY	KENANGA
13/09/2021	20.90	25.33	+4.43 (21.20%)	BUY	HLG
10/09/2021	21.20	24.40	+3.20 (15.09%)	BUY	BIMB
07/09/2021	20.80	25.51	+4.71 (22.64%)	BUY	PUBLIC BANK
07/09/2021	20.80	25.33	+4.53 (21.78%)	BUY	HLG
06/09/2021	21.50	24.40	+2.90 (13.49%)	BUY	BIMB
19/08/2021	19.98	25.51	+5.53 (27.68%)	BUY	PUBLIC BANK
19/08/2021	19.98	23.60	+3.62 (18.12%)	BUY	KENANGA
19/08/2021	19.98	26.70	+6.72 (33.63%)	BUY	HLG
19/08/2021	19.98	24.40	+4.42 (22.12%)	BUY	BIMB

Price Target Research Article/News (past 6 months)
11/08/2022	RHB-OSK	Kuala Lumpur Kepong - the Cheapest Big-Cap Stock; Reiterate BUY
11/08/2022	HLG	Plantation - 8-month High Stockpile
03/08/2022	HLG	Plantation - 2Q22 Results Preview
13/07/2022	HLG	Plantation - 7-month High Stockpile
13/07/2022	BIMB	MPOB Monthly Statistics June 2022 - Over-supply of PO a Bane
12/07/2022	HLG	Plantation - More Palatable Valuations
07/07/2022	RHB-OSK	Plantation - Waiting for the Dust to Settle
05/07/2022	AmInvest	KL Kepong - Completes integration with Sawit Nusantara
01/07/2022	BIMB	Plantation - Steady Near-Term Support
24/06/2022	RHB-OSK	Kuala Lumpur Kepong- Still the Most Inexpensive Big-Cap Planter; BUY
24/06/2022	KENANGA	Plantation - Resilient & Defensive
24/06/2022	HLG	Plantation - Fundamentals Remain Intact
13/06/2022	RHB-OSK	Plantation - Benefit From Policies May Continue in June
13/06/2022	KENANGA	Plantation - May Output Flat But Export Strong
13/06/2022	HLG	Plantation - Stockpile Reduces on Higher Exports
08/06/2022	HLG	Plantation - 1Q22 Report Card: Respectable Quarter
07/06/2022	BIMB	Plantation - 1Q22 Earnings Review - A Quarter of Encouraging Results
25/05/2022	RHB-OSK	Kuala Lumpur Kepong - Decent Quarter Despite Indonesian Restrictions
25/05/2022	PUBLIC BANK	Kuala Lumpur Kepong - On Track
25/05/2022	KENANGA	Kuala Lumpur Kepong - Within Expectations
25/05/2022	BIMB	Kuala Lumpur Kepong - Broadly Inline
25/05/2022	AmInvest	KL Kepong - 1H could have been stronger if not for derivatives losses
20/05/2022	HLG	Plantation - Indonesia to Lift Palm Oil Export Ban
19/05/2022	PUBLIC BANK	Plantations - CPO Price May Have Peaked
18/05/2022	HLG	Plantation - 1Q22 Results Preview
11/05/2022	KENANGA	Plantation - High Inventory on Weak Exports
11/05/2022	HLG	Plantation - Five-month-high Stockpile
11/05/2022	BIMB	MPOB Monthly Statistics April 2022 - End-stocks increase 11.5% mom in April
28/04/2022	RHB-OSK	Plantation - Another U-Turn in Indonesia
28/04/2022	HLG	Plantation - Indonesia Widens Palm Oil Export Ban
28/04/2022	BIMB	Plantation - Indonesia’s Export Ban Details
26/04/2022	RHB-OSK	Plantation - Indonesia’s Export Ban Only for RBD Palm Olein
12/04/2022	KENANGA	Plantation - Weaker Inventory on Strong Demand
12/04/2022	HLG	Plantation - 1-year Low Stockpile
07/04/2022	HLG	Kuala Lumpur Kepong - High FFB Output Growth Target in FY22
05/04/2022	KENANGA	Plantation - Selective Gems
04/04/2022	HLG	Plantation - USDA 2022 Prospective Planting
18/03/2022	RHB-OSK	Plantation - Higher Indonesia Tax Levies and Scrapped DMO
18/03/2022	HLG	Plantation - Indonesia Replaces Exports Curbs With Levy
17/03/2022	HLG	Plantation - Elevated CPO Price to Stay for a While
11/03/2022	RHB-OSK	Plantation - Demand Rationing Picking Up Pace; NEUTRAL
11/03/2022	HLG	Plantation - 4QFY22 to Leverage on SST Exemption - Lowest Stockpile Since Jul-21
10/03/2022	RHB-OSK	Plantation - Perfect Storm- POC 2022 Minimal Price Forecasts
10/03/2022	BIMB	MPOB Monthly Statistics Feb 2022 - End-stocks fell on seasonally lower palm production cycle
17/02/2022	PUBLIC BANK	Kuala Lumpur Kepong - Off to A Good Start
17/02/2022	KENANGA	Kuala Lumpur Kepong - Strong 1Q but Within Expectations
17/02/2022	HLG	Kuala Lumpur Kepong - A Strong Start to FY22
17/02/2022	BIMB	Kuala Lumpur Kepong - A good start
17/02/2022	AmInvest	KL Kepong - Benefiting from acquisition of IJMP
16/02/2022	HLG	Plantation - Near Term CPO Price to Remain Elevated
11/02/2022	KENANGA	Plantation - Poor January Production
11/02/2022	HLG	Plantation - 6-month Low Stockpile
11/02/2022	BIMB	Kuala Lumpur Kepong - Standing firm
28/01/2022	AmInvest	KL Kepong - Integration with IJMP underway
11/01/2022	KENANGA	Plantation - December Inventory Slipped MoM
11/01/2022	HLG	Plantation - 5-month Low Stockpile
04/01/2022	HLG	Plantation - Near-term CPO Price to Remain Elevated
03/01/2022	Rakuten	KL Kepong - Earnings Upgraded
03/01/2022	KENANGA	Kuala Lumpur Kepong - 40% Upgrade to EPS
30/12/2021	KENANGA	Plantation - Nibble Selectively
28/12/2021	AmInvest	Plantation - Lower selling prices and higher costs in 2022F
22/12/2021	KENANGA	Plantation - Minimal Reported Flood Damage
20/12/2021	BIMB	Plantation Outlook 2022 - Victim of its own success
13/12/2021	HLG	Plantation - Stockpile Declines on Seasonal Factor
10/12/2021	BIMB	MPOB Monthly Statistics Nov 2021 - Inventory eased on higher export and lower production
08/12/2021	HLG	Traders Brief - Wall St Bulls Set to Drive KLCI to Retest 1500-1516 Zones
02/12/2021	KENANGA	3QCY21 Results Review - Fat Tails
02/12/2021	BIMB	Plantation Sector - 3Q21 Results Review
26/11/2021	HLG	Traders Brief - Extended Sideways Consolidation Amid Renewed Foreign Selling Pressure
24/11/2021	PUBLIC BANK	Kuala Lumpur Kepong - Ending on a High Note
24/11/2021	KENANGA	Kuala Lumpur Kepong - A Strong End to FY21
24/11/2021	HLG	Kuala Lumpur Kepong - Beats Expectations
24/11/2021	BIMB	Kuala Lumpur Kepong - Higher plantation and manufacturing margins
24/11/2021	AmInvest	KL Kepong - Consolidates IJMP’s earnings
11/11/2021	KENANGA	Plantation - October Inventory Up 4.4% MoM
11/11/2021	HLG	Plantation - Stockpile Up on Higher Output and Weaker Exports
10/11/2021	BIMB	MPOB Monthly Statistics Oct. 2021 - Ending stocks higher at 1.83m tonnes
08/11/2021	HLG	Plantation - 3Q21 Results Preview
01/11/2021	PUBLIC BANK	Kuala Lumpur Kepong - Subscribing for Synthomer’s Private Placement
01/11/2021	AmInvest	KL Kepong - Subscribes to Synthomer’s share placement
26/10/2021	HLG	Strategy - Turn of Tide
22/10/2021	PUBLIC BANK	PublicInvest Research Headlines - 22 Oct 2021
18/10/2021	MACQUARIE GROUP	Malaysia Plantations – An ESG Mountain to Climb
12/10/2021	KENANGA	Plantation - September Inventory Down 7.0% MoM
12/10/2021	HLG	Plantation - Stockpile Eases on Lower Output and Exports Rebound
04/10/2021	KENANGA	Plantation - Headwinds Ahead
21/09/2021	AmInvest	KL Kepong - Small lift to earnings from acquisition of IJMP
20/09/2021	KENANGA	Plantation - MPOA Engagement Takeaways
13/09/2021	KENANGA	Plantation - Highest Inventory Level Since June 2020
13/09/2021	HLG	Plantation - Highest Stockpile Since Jun-20
10/09/2021	BIMB	MPOB Stats August 2021- Ending stocks soar to 1.87m tonnes in August
07/09/2021	PUBLIC BANK	PublicInvest Research Headlines - 7 Sept 2021
07/09/2021	HLG	Plantation - More Palatable Valuations
06/09/2021	BIMB	Plantation Sector - 2Q21 Earnings Review - A quarter of adrenaline-pumping results
19/08/2021	PUBLIC BANK	Kuala Lumpur Kepong - Robust Earnings Growth
19/08/2021	KENANGA	Kuala Lumpur Kepong - Above Expectations
19/08/2021	HLG	Kuala Lumpur Kepong - Beat Expectations
19/08/2021	BIMB	Kuala Lumpur Kepong - Higher plantation and manufacturing margins

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Comment

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wallstreetrookie China will buy palm oil from Malaysia. Good news

12/07/2022 7:57 PM

wallstreetrookie Buy, KLK will have good news soon

12/07/2022 8:13 PM

wallstreetrookie Buy
1. KLK
2. TSH

12/07/2022 8:13 PM

supersinginvestor Sell
1. KLK
2. TSH

12/07/2022 8:57 PM

wallstreetrookie Oil will crash? Llol

12/07/2022 9:16 PM

wallstreetrookie Russia haven't fully invaded Ukraine yet.

12/07/2022 9:16 PM

wallstreetrookie Once Russia finished the invasion of Ukraine, oil will recover to 120$

12/07/2022 9:16 PM

kl_guy everyone got their view on when to sell or buy. Good luck

12/07/2022 9:22 PM

supersinginvestor Oil crash today as expected..more to come..enjoy...

13/07/2022 8:17 AM

LeonardLiong Will hold tight. Still got demand on palm oil~

13/07/2022 10:43 PM

dompeilee dompeilee

Re-entered KLK @ 22.36 for the dividend.

2 weeks ago

dompeilee

Averaged down more @ 20.16 for the dividend. Luckily...
1 week ago

On the verge of breakeven =) Awaiting dividend!

18/07/2022 5:06 PM

LeonardLiong Yup. KLK dividend payout is quite good too

18/07/2022 8:12 PM

wallstreetrookie Bloomberg TV - Dorab Mistry says Palm Oil futures will drop to RM2500 - RM3000 if Ukraine war ends (September 2022)
11.55 a.m.

19/07/2022 11:56 AM

LeonardLiong Possible drop back to below RM3k, however, the price hasn't factor in the bad weather phenomena, e.g. La Nina, EL Nino, etc

19/07/2022 8:40 PM

dompeilee =) Breakeven level crossed =)

20/07/2022 9:44 AM

dompeilee Next stop : $22

20/07/2022 5:57 PM

LeonardLiong Good technical rebound today. Nice

20/07/2022 7:28 PM

dompeilee $22 OTW!!! =D

21/07/2022 2:14 PM

wallstreetrookie Good

21/07/2022 5:48 PM

wallstreetrookie My price target is RM25

21/07/2022 5:48 PM

wallstreetrookie Dorab Mistry is wrong

21/07/2022 5:49 PM

wallstreetrookie Every time Dorab Mistry opens his mouth, FCPO goes up for a few weeks

21/07/2022 5:50 PM

supersinginvestor Oversold before not anymore.
Goinh back to below 20..
Not going to 25
Sell

21/07/2022 7:04 PM

supersinginvestor Mistry is wrong war will not end but oil will go f
Down more then rebound later in 4th qr...palm oil will go to 3k

21/07/2022 7:21 PM

joerakmo Why Dorab Mistry so angry....back in May
https://www.businessinsider.in/business/corporates/news/godrejs-dorab-mistry-shoots-off-angry-letter-to-indonesian-government-over-palm-oil-issue/articleshow/91826446.cms

Wrong in 2020...wrong in 2021
Why never comment on soybean oil??

21/07/2022 7:23 PM

dompeilee Likely a fund or two may have shorted aggressively betting KLK will drop in the short-term...look for potential fireworks by the close =)

22/07/2022 3:29 PM

LeonardLiong Nice. Got local institution support buying

22/07/2022 9:00 PM

wallstreetrookie It's always RHB and AmBank shorting Plantation. The rumour was 3 months ago, I am not sure if they covered it or not.

But just an unrelated information. There has been a lot of layoffs and resignations among equity research analysts, ECM, DCM and prop traders. The market condition is getting worse

22/07/2022 9:27 PM

wallstreetrookie KLK is recession-proof, dividend policy is solid. I am still bullish. KLK RM21 - RM23 is good enough

22/07/2022 9:27 PM

dompeilee Soybean oil UP 2.78% overnight =)

23/07/2022 7:28 AM

LeonardLiong Agreed. KLK can be very good defensive stock. Can relax and enjoy its lucrative dividend payout

25/07/2022 7:42 PM

supersinginvestor Klk is not a.defensive stock n dont pay much dividend check again
No fake news plz

26/07/2022 1:07 PM

dompeilee Gave up on $22 tgt...CPO trend looks *eeeek* short-term. Took half my capital out from 21.60-21.80

26/07/2022 3:19 PM

LeonardLiong Still have total RM1 for 2022 dividend payout. It's better than previous years de payout. Consider no bad liao. Don't be so greedy plz

26/07/2022 9:56 PM

LeonardLiong Wow. EPF enters bit by bit lately

28/07/2022 6:47 PM

LeonardLiong Wow. Show breakout signal. Nice~

01/08/2022 7:04 PM

LeonardLiong It will stay strong at RM22 I think...

03/08/2022 9:39 PM

LeonardLiong Very good. Strong movement continues

05/08/2022 12:30 PM

wallstreetrookie Palm oil recovering to all time highs by December

07/08/2022 12:38 PM

LeonardLiong Yup. Statistically speaking

08/08/2022 12:39 PM

LeonardLiong Positive momentum carries on. Excellent Q3 result is expected

10/08/2022 11:50 AM

supersinginvestor Epf dumping klk. Lol

15/08/2022 9:40 PM

wallstreetrookie Citibank Nominee FTW

16/08/2022 9:53 AM

LeonardLiong No worries. CPO price rises back above RM4k

16/08/2022 5:58 PM

supersinginvestor Lol. Very bad qr..as predicted...
No wonder epf dump

17/08/2022 5:22 PM

wallstreetrookie Good quarter

17/08/2022 5:33 PM

supersinginvestor Very very bad quarter...

17/08/2022 6:30 PM

supersinginvestor Klk cant handle costs...qr3 will be disastrous...dump...

17/08/2022 6:40 PM

wallstreetrookie Good quarter

17/08/2022 7:31 PM

VTrade Mana dividen ???????

17/08/2022 11:22 PM

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