Kuala Lumpur Kepong's Manufacturing Segment Could Turn Profitable -- Market Talk

Dow Jones
Jun 23

0215 GMT - Kuala Lumpur Kepong's manufacturing segment could swing to profit in fiscal 2026, AmInvestment Bank analyst Gan Huey Ling says. She cites support from demand in oleochemical products and smaller losses in its glove unit, tipping an Ebit of 169 million ringgit for fiscal 2026 compared with a loss of 25.9 million ringgit a year ago. She expects Asia's oleochemical product demand to remain healthy from the personal healthcare industry, while higher palm kernel oil prices could pose a risk to earnings. AmInvestment Bank maintains a hold rating on KL Kepong, citing significant exposure to Indonesia's policy uncertainties and a weak oleochemicals sector in Europe. It keeps a target price at 21.70 ringgit. Shares are 1.5% higher at 21.24 ringgit. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

June 22, 2026 22:15 ET (02:15 GMT)

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