Wednesday, 04 Aug 2021 11:42 AM MYT
Kenanga, in a research note, said growth would be driven by its Indonesian trees’ young age profile, with peak production expected in the fourth quarter of financial year 2021 , deviating slightly from the usual September-October peak. “Given that the group is sitting on a still-growing war chest of about RM800 million, we think M&A opportunities to boost planted area and production growth could be found.
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