Analyst Research Report Snapshot

Title:

Results Note – KL Kepong (REDUCE, maintain) - Below expectations, downside risk to FY14-15 forecasts

Price:

$35.00

Provider:

Affin Investment Bank

Date:

20 Aug 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

KLKK.KL

Available for Immediate Download
Summary:

3QFY13 PBT declined by 28% YoY (excluding retailing) and 20% QoQ 3QFY13 PBT declined by 27.6% YoY (excluding retailing operations discontinued in July 2012) and 19.6% QoQ due to significantly lower profits from plantation (-47.9% YoY and –40.1% QoQ, weaker ASPs coupled with higher production cost) and manufacturing (-12.1% YoY and –14.9% QoQ, lower revenue and an unrealised loss of RM18.9m), partially mitigated by higher profits from properties (+56.3% YoY and +47.9% QoQ, increase in profit recognition from Bandar Seri Coalfields) and a disposal gain of RM26.0m. CPO price declined YoY (RM2,260/MT vs RM3,010/MT in 3QFY12) and QoQ (vs RM2,271/MT in 2QFY13) while FFB production increased by 2.0% YoY but declined by 13.0% QoQ

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.