♦ In line. KLK’s 9MFY09/10 core net profit was within expectations,
comprising between 69-71% of our and consensus full year FY10 core net
profit forecasts. KLK recorded approximately RM34.4m in EI gains in
9MFY10 from writeback of provision in diminution in value for Yule Catto
(3QFY10: RM1.9m). We expect stronger numbers in the final quarter,
given the higher CPO prices currently and as FFB production gears up
towards peak harvest season.
Kuala Lumpur Kepong Berhad : Impressive Turnaround For Retail Division - 19/08/2010
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