KLK’s expansion plans in plantations would continue with a slight change in strategy. They will be more choosy. They pay attention only to the good and strategic green fields.
KLK’s existing expansion plans include the planting of 10,000 hectares (ha) of new oil palm every year in Indonesia. It now owns some 210,000ha of plantation land in Malaysia and Indonesia. Of its total acreage, some 170,000ha are planted.
KLK would look out for opportunities to take a meaningful stake in brown fields if they came along with attractive values.
FBM KLCI - marginally lower on cautious sentiment amid a rebound in
regional peers
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Stocks on Bursa Malaysia ended mixed Tuesday with the benchmark FBMKLCI
erased earlier gains to close marginally lower as mild bargain-hunting
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6 hours ago
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