With cash reserves of about RM70 million, Kim Loong Resources Bhd is in good position to acquire more land.
It has plans to expand its landbank and we hope something will come out soon. With a total landbank of 32,000 acres, the company was looking at areas in Southern Johor, Sabah and Sarawak for its land acquisition. However no fixed allocation had been set for the acquisition which would be funded through cash and borrowings.
The company's plantations were mostly also matured and generating income and would help fund the development of new plantations.
The company will be also launching its new health supplement product namely E-LifeGold by next year. E-LifeGold is a tocotrienol-based product, which is a natural form of Vitamin E extracted from the fruits of oil palm.
Related:-
KIM LOONG ... Apr 09
Kim Loong Resources Bhd ... Mar 09
Scan 01 Jul 2026
-
Symbol Type Date Close Price Volume 13 Day RSI
APOLLO Overbought 2026-07-01 6.14 17100 72.28
MILUX Overbought 2026-07-01 0.675 466300 73.55
MKH Overbought 2...
9 hours ago
No comments:
Post a Comment