Latest news with #RM252
New Straits Times
27-05-2025
- Business
- New Straits Times
KLK's earnings set to improve as derivatives losses recede, says CIMB Securities
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is expected to register a higher second half of (2H) financial year 2025 (FY25) net profit in absence of derivatives losses, said CIMB Securities Research. The research house said KLK lowered its FY25 fresh fruit bunch (FFB) output guidance to mid-single-digit growth but remains positive about 2H prospects, supported by improved production. "This suggests that 2HFY9/25 production could account for about 52 per cent of full-year output, supporting earnings momentum, although this will be partly offset by lower current crude palm oil (CPO) prices," it said. Meanwhile, CIMB Securities said KLK recorded a 2.5 per cent year on year (yoy) decline in ex-mill CPO production costs to RM2,100/tonne in 1HFY25, driven by lower fertiliser prices. However, the firm said refining margins are expected to remain weak, the glove division is still loss-making, and gas supply disruptions have affected oleochemical plant efficiency in third quarter (Q3) FY25. "KLK shared that the RM252 million in derivatives losses in 1HFY25 was mainly related to unrealised US dollar hedges of RM143 million. "We maintain our Hold call with an unchanged target price of RM21.50," it added.
The Sun
17-05-2025
- Business
- The Sun
Entrepreneurs encouraged to boost management skills through training
SHAH ALAM: Local entrepreneurs are encouraged to take part in entrepreneurship training programmes to strengthen their management skills and ensure their businesses remain sustainable and competitive. Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R Ramanan said aspiring and existing entrepreneurs can benefit from various programmes offered by agencies under his ministry to improve their operations. He said many business owners understand how to run their businesses, but often face challenges in managing costs related to logistics, electricity, and manpower. 'There's also a need to understand how to prepare proper audited accounts, which can help maximise savings. That's why training like this is so valuable,' he said after launching the TEKUN Nasional Basic Entrepreneurship Seminar here today. Ramanan emphasised the government's continued commitment to building an inclusive and resilient entrepreneurial ecosystem through holistic support. He added that, as of April 30, TEKUN Nasional has approved RM252 million in financing for 11,698 entrepreneurs this year.
The Sun
17-05-2025
- Business
- The Sun
Entrepreneurs encouraged to boost management skills via training
SHAH ALAM: Local entrepreneurs are encouraged to take part in entrepreneurship training programmes to strengthen their management skills and ensure their businesses remain sustainable and competitive. Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R Ramanan said aspiring and existing entrepreneurs can benefit from various programmes offered by agencies under his ministry to improve their operations. He said many business owners understand how to run their businesses, but often face challenges in managing costs related to logistics, electricity, and manpower. 'There's also a need to understand how to prepare proper audited accounts, which can help maximise savings. That's why training like this is so valuable,' he said after launching the TEKUN Nasional Basic Entrepreneurship Seminar here today. Ramanan emphasised the government's continued commitment to building an inclusive and resilient entrepreneurial ecosystem through holistic support. He added that, as of April 30, TEKUN Nasional has approved RM252 million in financing for 11,698 entrepreneurs this year.
