KUALA LUMPUR (Dec 30): Kim Loong Resources Bhd (KL:KMLOONG) will be supported by rising palm oil prices in the near term as a pure planter, helping to limit share price downside, analysts said. However, “we maintain a cautious outlook” as South American soybean supplies and the resumption of US-China trade may increase flows of the competing oil, constraining demand for palm oil, TA Securities said. Kim Loong now has three ‘hold’ and one ‘buy’ calls following TA Securities' upgrade. Shares of Kim Loong are back to where they started in 2025 after a gradual rise from the global market turmoil in April. Apart from being an upstream producer, Kim Loong has recurring income from the sale of electricity to Tenaga Nasional Bhd (KL:TENAGA).

Source: The Edge Markets December 30, 2025 05:03 UTC