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Home Forum Plantation Kulim Plantation (Malaysia)

Kulim Plantation (Malaysia)
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12:48 pm
May 14, 2011


shanti

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Buy recommendation on Kulim with an unchanged 12-month target price of MYR8.50. With the sale of NatOleo, Kulim will focus on the plantation and food & restaurant businesses, which are
more profitable and hold good growth prospects. The group’s young plantations and new acquisitions in Papua New Guinea and the Solomon Islands (PNG/SI) will be the growth drivers for the plantation
division. The ongoing promotional campaign, aggressive new store expansion, and a recovery in consumer spending will support the growth for the KFC and Pizza Hut chains.
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