Stock Name: Halcyon Agri
Company Name: HALCYON AGRI CORPORATION LTD
Company Name: HALCYON AGRI CORPORATION LTD
| Research House: UOB KayHian | Price Call: HOLD | Target Price: 0.64 |
SINGAPORE (Jan 13): UOB Kay Hian is maintaining a "Hold" rating for Halycon Agri Corp (HACL) with a target price of 64 cents as the group consolidates its operations with the aim of becoming a top global rubber supply chain manager.
In a Jan 13 report, UOB says the group has ensured smooth integration between its upstream and downstream acquisitions while proceeding with the consolidation.
The upstream investment in JFL Agro is expected to provide up to 10% of HACL's Malaysian factories' raw material needs once the 16,061 acres of cultivable rubber plantation fully mature.
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