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MKH Oil Palm (East Kalimantan) Bhd (MKHOP), the plantation arm of property developer MKH Bhd, reported RM16.02 million net profit on the back of RM86.05 million revenue for the second quarter ended March 31, 2024 (2QFY2024), ahead of its listing on Bursa Malaysia’s Main Market.
KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd's initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Main Market of Bursa Malaysia on April 30. MKH Oil received a total of 9,510 applications for 482.9 million ...
MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.
Mercury Securities Sdn Bhd has recommended investors to subcribe to Main Market-bound MKH Oil Palm (East Kalimantan) Bhd (MKHOP) at 62 sen a share, with a fair value of 80 sen based on 14 times earnings per share forecast for the financial year ending Dec 31, 2024 (FY2024), translating into a 29% upside to the initial public offering (IPO) price.
MKH Oil Palm (East Kalimantan) Bhd, which launched its initial public offering (IPO) on Friday for the Main Market, expects almost all of its crude palm oil to be taken up by Indonesian refineries amid the government’s push for biofuel.
KUALA LUMPUR (March 29): Oil palm plantation player MKH Oil Palm (East Kalimantan) Bhd began taking orders from investors on Friday for its initial public offering (IPO) on the Main Market that would raise up to RM155.43 million.