KLK (2445): KUALA LUMPUR KEPONG BHD Price Target

Highlights

Stock Price Target

KLSE: KLK

Last Price	Avg Target Price	Upside/Downside	Price Call
20.88	26.91	+6.03 (28.88%)

* 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
13/03/2023	20.70	28.65	+7.95 (38.41%)	BUY	RHB-OSK
13/03/2023	20.70	27.00	+6.30 (30.43%)	BUY	KENANGA
13/03/2023	20.70	26.27	+5.57 (26.91%)	BUY	HLG
09/03/2023	21.20	28.65	+7.45 (35.14%)	BUY	RHB-OSK
09/03/2023	21.20	26.27	+5.07 (23.92%)	BUY	HLG
07/03/2023	21.40	26.27	+4.87 (22.76%)	BUY	HLG
07/03/2023	21.40	25.23	+3.83 (17.90%)	BUY	BIMB
23/02/2023	21.20	23.25	+2.05 (9.67%)	HOLD	PUBLIC BANK
23/02/2023	21.20	27.00	+5.80 (27.36%)	BUY	KENANGA
23/02/2023	21.20	26.27	+5.07 (23.92%)	BUY	HLG
23/02/2023	21.20	25.23	+4.03 (19.01%)	BUY	BIMB
23/02/2023	21.20	22.20	+1.00 (4.72%)	HOLD	AmInvest
13/02/2023	21.84	27.85	+6.01 (27.52%)	BUY	RHB-OSK
13/02/2023	21.94	25.50	+3.56 (16.23%)	BUY	KENANGA
13/02/2023	21.84	25.19	+3.35 (15.34%)	BUY	HLG
07/02/2023	22.04	22.20	+0.16 (0.73%)	HOLD	AmInvest
31/01/2023	21.50	27.85	+6.35 (29.53%)	BUY	RHB-OSK
20/01/2023	21.40	23.25	+1.85 (8.64%)	HOLD	PUBLIC BANK
12/01/2023	21.94	22.87	+0.93 (4.24%)	BUY	CIMB
11/01/2023	22.06	27.85	+5.79 (26.25%)	BUY	RHB-OSK
11/01/2023	21.96	25.50	+3.54 (16.12%)	BUY	KENANGA
11/01/2023	21.96	25.19	+3.23 (14.71%)	BUY	HLG
23/12/2022	21.36	25.19	+3.83 (17.93%)	BUY	HLG
14/12/2022	21.18	27.85	+6.67 (31.49%)	BUY	RHB-OSK
14/12/2022	21.00	25.50	+4.50 (21.43%)	BUY	KENANGA
14/12/2022	21.18	27.11	+5.93 (28.00%)	BUY	HLG
24/11/2022	21.20	27.85	+6.65 (31.37%)	BUY	RHB-OSK
24/11/2022	21.20	28.77	+7.57 (35.71%)	BUY	BIMB
24/11/2022	21.20	21.75	+0.55 (2.59%)	HOLD	AmInvest
16/11/2022	21.56	27.27	+5.71 (26.48%)	BUY	HLG
11/11/2022	21.88	26.75	+4.87 (22.26%)	HOLD	RHB-OSK
11/11/2022	21.88	28.00	+6.12 (27.97%)	BUY	KENANGA
11/11/2022	21.88	27.27	+5.39 (24.63%)	BUY	HLG
11/11/2022	21.88	21.75	-0.13 (0.59%)	HOLD	AmInvest
10/11/2022	21.00	27.27	+6.27 (29.86%)	BUY	HLG
10/11/2022	21.00	28.77	+7.77 (37.00%)	BUY	BIMB
07/11/2022	20.94	25.62	+4.68 (22.35%)	HOLD	PUBLIC BANK
07/11/2022	20.92	28.00	+7.08 (33.84%)	BUY	KENANGA
12/10/2022	20.00	28.00	+8.00 (40.00%)	BUY	KENANGA
12/10/2022	20.00	27.27	+7.27 (36.35%)	BUY	HLG
20/09/2022	22.18	27.27	+5.09 (22.95%)	BUY	HLG
14/09/2022	22.00	28.00	+6.00 (27.27%)	BUY	KENANGA
13/09/2022	22.00	28.00	+6.00 (27.27%)	BUY	KENANGA
13/09/2022	22.16	26.80	+4.64 (20.94%)	BUY	HLG
12/09/2022	22.28	28.77	+6.49 (29.13%)	BUY	BIMB
08/09/2022	22.32	26.80	+4.48 (20.07%)	BUY	HLG
18/08/2022	22.98	26.75	+3.77 (16.41%)	BUY	RHB-OSK
18/08/2022	23.00	28.00	+5.00 (21.74%)	BUY	KENANGA
18/08/2022	23.00	26.80	+3.80 (16.52%)	BUY	HLG
18/08/2022	22.98	21.75	-1.23 (5.35%)	SELL	AmInvest
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

Price Target Research Article/News (past 6 months)
13/03/2023	RHB-OSK	Plantation - Wet Weather Hampered Output in February
13/03/2023	KENANGA	Plantation - Inventory Dips MoM On Weaker Output
13/03/2023	HLG	Plantation - 6-month-low Stockpile
09/03/2023	RHB-OSK	Plantation - Diverse Views at POC 2023
09/03/2023	HLG	Plantation - 2023 POC: Mixed Price Views
07/03/2023	HLG	Plantation - 4Q22 Report Card: A Mixed Bag
07/03/2023	BIMB	Plantation Sector: 4Q22 Earnings Review - A Mixed 4Q22, with Challenging Outlook Ahead
23/02/2023	PUBLIC BANK	Kuala Lumpur Kepong - Pulled Back by Weaker CPO Prices
23/02/2023	KENANGA	Kuala Lumpur Kepong - A Stellar Start to FY23
23/02/2023	HLG	Kuala Lumpur Kepong - FFB Output Surprised on Upside
23/02/2023	BIMB	Kuala Lumpur Kepong - Broadly In line
23/02/2023	AmInvest	KL Kepong - Lower oleochemical earnings in 1QFY23
13/02/2023	RHB-OSK	Plantation - Persistently Weak Exports May Continue
13/02/2023	KENANGA	Plantation - Weak Export Swells Inventory
13/02/2023	HLG	Plantation - Stockpile Climbs on Lower Exports
07/02/2023	AmInvest	KL Kepong - Lower manufacturing earnings in FY23F
31/01/2023	RHB-OSK	Plantation - Diverse Earnings Trends in 4Q22; Still NEUTRAL
20/01/2023	PUBLIC BANK	Kuala Lumpur Kepong - Seeing Lower CPO Prices
12/01/2023	CIMB	Analysts Neutral on Plantation Sector, See CPO Price Ranging From RM3,500-RM4,000 in 2023
11/01/2023	RHB-OSK	Plantation - Indonesia’s Policies to Lead 2023 Price Direction?
11/01/2023	KENANGA	Plantation - Little Surprises Save Good Dec Output
11/01/2023	HLG	Plantation - 4-month-low Stockpile
23/12/2022	HLG	Plantation - Absence of Catalyst
14/12/2022	RHB-OSK	Plantation - CPO Prices May be Rangebound in 2023F
14/12/2022	KENANGA	Plantation - Flattish 2022 Output In Sight
14/12/2022	HLG	Plantation - Stockpile Falls on Lower Output
24/11/2022	RHB-OSK	Kuala Lumpur Kepong - Decent FY End for the Cheapest Big-Cap Planter; Keep BUY
24/11/2022	BIMB	Kuala Lumpur Kepong - Broadly In line
24/11/2022	AmInvest	KL Kepong - Hit by provisions for inventories
16/11/2022	HLG	Plantation - 3Q22 Results Preview
11/11/2022	RHB-OSK	Plantation - Inventory Likely Above 2m Tonnes Until Year-End
11/11/2022	KENANGA	Plantation - Softening Production Ahead
11/11/2022	HLG	Plantation - 3-year High Stockpile
11/11/2022	AmInvest	Plantation - Inventory up 3.7% MoM to 2.4mil tonnes in October
10/11/2022	HLG	Plantation - Near Term CPO Price to Stay High
10/11/2022	BIMB	MPOB Monthly Statistics October 2022 - End-stocks to Remain Elevated on Supply-Demand Concerns
07/11/2022	PUBLIC BANK	Kuala Lumpur Kepong - Eyeing Bigger Stake in Synthomer?
07/11/2022	KENANGA	Kuala Lumpur Kepong - Raising Stakes in Synthomer?
12/10/2022	KENANGA	Plantation - Inventory Is Seasonally Peakish
12/10/2022	HLG	Plantation - Highest Stockpile Since Oct-19
20/09/2022	HLG	Kuala Lumpur Kepong - Easing Labour Constraint
14/09/2022	KENANGA	Plantation - 2QCY22 Results Review: Lacklustre Quarter
13/09/2022	KENANGA	Plantation - High Inventory on Surprisingly Peakish Output
13/09/2022	HLG	Plantation - Highest Stockpile Since Nov-19
12/09/2022	BIMB	Plantation - MPOB Monthly Statistics August 2022 End-stocks Hit Above 2.0mn Tonne Psychological Mark
08/09/2022	HLG	Plantation - 2Q22 Report Card: Still a Decent Quarter
18/08/2022	RHB-OSK	Kuala Lumpur Kepong - Strong Quarter Despite Indonesia Export Ban
18/08/2022	KENANGA	Kuala Lumpur Kepong - 9MFY22 CNP Surpasses FY21
18/08/2022	HLG	Kuala Lumpur Kepong - Still a Decent Quarter
18/08/2022	AmInvest	KL Kepong - Margin squeeze in manufacturing in 3QFY22
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

Social Forum

Comment

Be the first to like this.

ClaraChan94 wuhuu. Great upward movement for KLK today

02/02/2023 3:27 PM

kl_guy sikit lagi sikit lagi naik

02/02/2023 3:42 PM

kl_guy resistance level at rm22.00

02/02/2023 3:45 PM

dompeilee Finally added to my KLK position @ 21.44 today :)

02/02/2023 4:49 PM

LeonardLiong Yesss, hit RM22 again. Happy Friday and congratz to those who caught the rebound

03/02/2023 12:13 PM

dompeilee 22.18 =) I'm attending physical AGM on 23rd =)

07/02/2023 10:22 AM

LeonardLiong Good for you, dompeilee. Waiting for your juicy 'tips' after that then XD

07/02/2023 11:29 AM

dompeilee Yup, you'll know fresh off the rumour mill from me... :)

07/02/2023 4:52 PM

LeonardLiong The good news is CPO price is going to hit RM4k again

08/02/2023 3:37 PM

MrKiasu Post removed. Why?

08/02/2023 9:41 PM

LeonardLiong wow. That's new @MrKiasu

09/02/2023 12:31 PM

LeonardLiong Seems like every reversal in price is a good trade

10/02/2023 10:36 AM

LeonardLiong wow. Suddenly got 3 IBs buy call KLK today

13/02/2023 11:38 AM

Income https://www.facebook.com/reel/513364744239702?mibextid=0NULKw&fs=e&s=TIeQ9V

14/02/2023 9:32 AM

dompeilee Risk of falling below $21 after ex-div

14/02/2023 5:46 PM

LeonardLiong Then it's an opportunity to grab if fell below RM21. hehe

15/02/2023 1:17 PM

dompeilee Ooohhh! 22.32! Syaaabassss! =)

16/02/2023 9:36 AM

LeonardLiong Yesla. Will hit RM23 this week if momentum continues

16/02/2023 1:27 PM

kl_guy CPO price on uptrend.....target rm4400
https://www.tradingview.com/chart/SJPgBQVE/?symbol=MYX%3ATSH

17/02/2023 7:12 AM

dompeilee I think next 2 qtrs are almost guaranteed to be good...at least better than 4Q '20.

17/02/2023 8:01 AM

LeonardLiong Can get discounted price again. Niceee

17/02/2023 2:07 PM

LeonardLiong KLK's Q1 is gonna be released this Wednesday. I guess it can achieve RM6 b to RM6.5 b in revenue ba

20/02/2023 1:21 PM

kl_guy https://www.tradingview.com/chart/SJPgBQVE/?symbol=MYX%3ATSH
FCPO on uptrend. break trend line.

20/02/2023 10:27 PM

LeonardLiong Looking forward for KLK to hit Rm22 again. More than 3% gain is possible. hehe

21/02/2023 10:06 AM

LeonardLiong Great! Their Q1 revenue beat my estimation and many IB raise KLK's TP

23/02/2023 1:18 PM

kl_guy wow FCPO rm4200. again on uptrend

23/02/2023 3:34 PM

LeonardLiong Cheap price below RM21. Collect collect

27/02/2023 4:16 PM

Thkent91 current ioi is more value than klk already. i pick ioi looking at both current price

27/02/2023 4:47 PM

SEE_Research Post removed. Why?

28/02/2023 10:41 AM

LeonardLiong Nice la. On the way to hit RM21 again. What a great trade

02/03/2023 12:33 PM

kl_guy fcpo hit 4294 , very positive uptrend

02/03/2023 7:38 PM

LeonardLiong Another piece of good news is that EPF has been consistently purchasing recently

03/03/2023 11:13 AM

kl_guy FCPO is already break MA200. It is a good sign .
moving toward RM4400 .

05/03/2023 12:07 PM

kl_guy https://www.tradingview.com/chart/SJPgBQVE/?symbol=MYX%3ATSH

05/03/2023 12:08 PM

LeonardLiong Really is a good catch when KLK is below RM21

06/03/2023 12:28 PM

LeonardLiong Heading towards RM22 this week I guess

07/03/2023 1:02 PM

kl_guy today KLK got panic seller.
FCPO is on uptrend. KLK earning will be better coming quarters.

08/03/2023 3:42 PM

LeonardLiong Ya...affected by Powell's speech yesterday I guess

08/03/2023 6:01 PM

LeonardLiong Opportunity to collect below RM21 again. It is gonna be a nice trade. hehe

09/03/2023 5:37 PM

LeonardLiong Who got collect at RM20.80 something, pls stand up pls stand up XD

17/03/2023 12:52 PM

invest8912 Sold this morning.

17/03/2023 2:31 PM

LeonardLiong Good trade, invest8912. Clap clap

20/03/2023 12:12 PM

invest8912 @LeonardLiong, the production figures released few days ago not so good, do you think it would affect the QR in May ?

21/03/2023 2:03 PM

LeonardLiong Yes, it will affect. However, the CPO price has been consistently above RM3500 since the beginning of this year, I guess its revenue can still be sustainable at RM6 billion for the next quarter.

21/03/2023 3:21 PM

LeonardLiong I think it's safe to say that below RM21 is a good entry price for KLK if want to do trading

23/03/2023 11:25 AM

LeonardLiong El Nino weather pattern could develop from 2H23, which would improve output of soybean oil, CPO’s key substitute, and pressure global vegetable oil prices.
Reason behind CPO price drops to RM3.5k something...

https://www.fitchratings.com/research/corporate-finance/cpo-prices-to-weaken-in-2h23-after-healthy-start-to-year-23-03-2023

24/03/2023 11:32 AM

LeonardLiong Got a bit at RM20.76. Wait for it to move up RM21 again

28/03/2023 10:56 AM

invest8912 I also bought back this morning. Index counters sometimes provide excitement on last day of the month.

29/03/2023 10:18 AM

magpie7788 Market sentiment look good plus CPO price also went up, hope tomorrow can move up RM21 and toward RM22..

29/03/2023 5:58 PM

LeonardLiong Good for you, invest8912. Let's Huat!

29/03/2023 6:07 PM

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