News Formal

Affin Hwang maintains 'buy' on KLK as Q1 earnings meet expectations

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The research house maintained its buy rating and price target of RM26.90.

following its 1QFY20 earnings result that came within its expectations.

Core net profit after excluding one-off items rose 3.8% y-o-y to RM181.3mil in the quarter, which came to 21% and 20% of Affin Hwang's and consensus full-year estimates respectively. Over the quarter, KLK's CPO production fell 11.5% y-o-y to 977,960 metric tonnes although the average sellnig price was higher at RM2,207 per metric tonne.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bursa Malaysia opens lower on weak market sentimentKUALA LUMPUR: Bursa Malaysia opened lower today on weak market sentiment as investors turned their focus to corporate earnings which will be released in the coming weeks.
Source: NST_Online - 🏆 17. / 53 Read more »