皇冠开户

TRC换ERC(www.u2u.it)_Kim Loong’s performance depends on labour, fertiliser

时间:3周前   阅读:4   评论:4

ERC换TRC,TRC换ERCwww.u2u.it)是最高效的ERC换TRC,TRC换ERC的平台.ERC20 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

,

PETALING JAYA: Driven by improving yield and the contribution from the acquisition of land in Sabah, Kim Loong Resources Bhd is expected to see higher oil palm fresh fruit bunch (FFB) harvest in financial year 2023 (FY23), according to TA Research.

The research firm expects the company’s FY23 FFB harvest to increase by 15.7% year-on-year (y-o-y) to 306,500 tonnes.

However, it said that management had noted that the crude palm oil (CPO) production cost is also expected to increase due to the surge in fertiliser cost, high inflation rate and revised minimum wages.

That said, management expects the group to perform well for FY23, said the research firm in a report.

Kim Loong Resources’ core net profit of RM37.7mil (after stripping exceptional items) for the first quarter (1Q) of FY23 had come within market expectations on the back of higher palm oil prices and sales.

While the plantation segment reported higher operating profit, performance for the milling segment was poorer than expected due to the tight supply in the market and higher feedstock cost, analysts noted.

UOB Kay Hian Research expects margins for the milling operation to come in lower in 2Q FY23 due to the spike in raw material prices.

“In addition, Kim Loong Resources may also lower its utilisation rate and purchase less external FFB to minimise losses due to the recent sharp fall in CPO prices

Currently, palm oil mills purchase FFB based on the Malaysian Palm Oil Board’s monthly average, which is at about RM6,300 per tonne.

However, the current CPO prices at physical markets are at about RM4,900 per tonne.

Therefore, for every tonne of external FFB purchase, the group would incur a potential loss of around RM300 per tonne,” it said in a note to clients.

Given these, UOB Kay Hian said it had adjusted its earnings lower for FY23, factoring in lower utilisation rate and lower milling margin.

It maintains a “hold” with an unchanged target price of RM1.80, while TA Research has a “buy” call and a RM2.16 target price on the stock based on 20 times 2023’s earnings per share.


转载说明:本文转载自Sunbet。

上一篇:约搏ETH单双博彩(www.eth108.vip)_男友们小心 Logitech推出极光G700系列键盘滑鼠

下一篇:皇冠官网开户:Maybank IB maintains 'buy' call on MAHB on improving international traffic

网友评论

  • 2022-07-05 01:34:05

    七月一日下午三时,美域高科技研发有限公司:闪送外卖APP举办线上会,邀请各大超市战略合作伙伴和深度合作银行支付业界支持单位,于线上介绍该平台两项于七月中抢先试运营业务,并宣布于同月推行之一系列优惠政策。是次线上活动着力协助本澳市民居家也能线上购买各类多元化生活日常物资,并提供最后一公里配送服务。跟别的文不一样

  • 2022-09-07 00:34:39

    The week’s combined corn and soy selling, equivalent to 376 million bushels, was the most for any week since August 2019, though it ranks only 33rd among other selling weeks since 2010. That is despite 12% and 10% respective dives in corn and soybean futures during the period.给你小心心~