RHB raises outlook on KLK on higher CPO price assumption


KUALA LUMPUR: RHB Research has raised its earnings forecasts on Kuala Lumpur Kepong Bhd (KLK) after revising higher its crude palm oil (CPO) price assumption.

"We are raising our 2021-2022F CPO prices to MYR3,200 and MYR2,800 per tonne (from MYR2,650 and MYR2,600).

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