KLK's performance is great, but the stock price is 📉 2%??

yesterday $KLK (2445.BMS)$ Based on performance, net profit surged 1.85 times, while revenue surged 7.06%. This business actually did not satisfy shareholders. Today's stock price has declined.

$KLK (2445.BMS)$

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In response, CIMB analysts pointed out that although KLK's performance was in line with their expectations, it fell short of market expectations, reaching only 61% of the annual net profit forecast.

Thanks to cost optimization combined with lower scrap costs, the cost per ton of palm oil fell 16% this quarter, and palm oil prices increased by an average of 5%.

Although the planting business is very good, KLK's other cross-border businesses are slightly awkward. In the latest guidelines, OLEO's petrochemical business will see a mixed and mixed result. The European market is already recovering, but the Chinese market is still full of challenges.

Furthermore, JV Synthomer, which holds 27% of the shares, continues to be bleak. The fourth quarter will continue to reflect the JV's losses, and palm oil prices are expected to fall. Therefore, analysts believe that the fourth quarter's performance will be poor, so they gave a “hold on” rating. Target price is RM23.80.

There will be one this Thursday $SDG (5285.BMS)$ As for the performance, I hope the current results will satisfy the shareholders.

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南洋商报 NYSP

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