Stock Digest - Kim Loong Resources Bhd - Driven By Firmer CPO Prices

For FY23f, we have imputed a FFB production assumption of 280,000MT (1QFY23 numbers makes up to 21.8% of our assumption). We expect production to improve in subsequent quarters as labour shortage issues may see some alleviation. Meanwhile, we take note that biogas plants at Keningau and Telupid mills are expected to commence operation to supply power grid by end of 2QFY23.