M+ Online
30th March 2023

Stock Digest - Kim Loong Resources Bhd - Easing Labour Shortages Boost Productivity

In 4QFY23, KMLOONG’s FFB production climbed 23.1% YoY to 83,119 tonnes, bringing FY23 total FFB production to 286,987 tonnes (slightly exceeds our projection at 280,000 tonnes), while CPO production added 14.5% YoY to 90,139 tonnes. Meanwhile, CPO extraction rate stood at 21.0%; continues to outperform Malaysia’s average CPO extraction rate of 19.7% over the same period highlighting the group’s production efficiency.

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