Shares of Kuala Lumpur Kepong Bhd (KLK) eased slightly in afternoon trade, slipping 0.3% to RM19.96 as at 3.36 pm.
The plantation group opened at RM20.14 and touched an intraday high of RM20.14 before declining to a low of RM19.92. The stock recorded a trading volume of 1,297 lots. The last done price stood below its last adjusted closing price (LACP) of RM20.02.
On the bid-offer front, buyers were seen at RM19.96 with 114 lots, while sellers queued at RM19.98 with 215 lots.
Despite the marginal dip, analysts remain cautiously constructive on KLK’s medium-term prospects, particularly its property segment.
According to Maybank Investment Bank Bhd, the group could record its first profit contribution from the BYD land disposal at KLK TechPark between FY2026 and FY2027.
Maybank IB estimates the BYD land sales could generate more than RM65 million in profits over the development period.
The research house has maintained its earnings forecasts for FY2026 and FY2027, noting that contributions from BYD have already been factored into projections, with property operating profit expected to rise to RM109 million and RM111 million respectively.
KLK TechPark in Tanjung Malim is a 607-hectare freehold integrated industrial hub with an estimated gross development value of RM3.5 billion over 10 years. Phase 1 infrastructure works are targeted for completion by the end of 2026, while Phase 2, planned as a vendor park, is slated for launch in the first half of 2026.
Maybank IB has maintained a “Hold” call on KLK with a target price of RM20.30.
