(KLK) remains promising, buoyed by its solid upstream operations and strong crude palm oil (CPO) prices. Analysts have largely maintained their positive calls on the integrated plantations company given its stellar 1QFY21 showing. RHB Bank noted that the company’s 1QFY21 core net profit came in above its and consensus’ estimates, at 31%-33% of FY21 forecast core earnings. This was mainly due to higher-than-expected contributions from its manufacturing division, which saw improved margins, as well as higher-than-expected contributions from its Australian farming division which posted earnings of RM47.1mil (from RM8.1mil a year ago). All in, KLK’s 1QFY21 core net profit rose 114% year-on-year (y-o-y).