MY

Kim Loong shares climb over one-month high after 1Q beat

28/06/2024

KUALA LUMPUR (June 28): Shares of Kim Loong Resources Bhd (KL:KMLOONG) rose to their highest in more than a month on Friday, after the palm oil producer reported better-than-expected first quarter results.

Kim Loong rose as much as 4.2% or nine sen to RM2.21, its highest since May 24, 2024. The stock was trading at RM2.18 at noon, valuing the plantation company at RM2.13 billion on Bursa Malaysia. Trading volume totalled 420,600 shares, nearly triple the 200-day moving average.

More to come

Kim Loong 1Q net profit rises to RM49.51 mil on higher FFB, CPO production

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