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 - ended at intraday low, in sync with regional downtrend
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Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI
closed at its intraday low, driven by a last-minute sell-off in utility
stocks...
17 hours ago
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