WHERE TO INVEST: KAP scores a windfall, but not an outright win on the cyclical roundabout (opens original article in a new tab)

KAP's recent share price increase is driven by cyclical factors like Middle East tensions, but long-term structural issues remain unresolved.

• KAP's share price rose 44% year-to-date but remained flat over three years due to cyclical factors.
• Safripol's operating profit marginally increased due to Middle East geopolitical tensions boosting local polymer demand.
• KAP's structural challenges persist, with profitability still below FY24 levels despite recent improvements.