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29th December 2022

Stock Digest - Kim Loong Resources Bhd - Normalising ASP Taking Effect

Going forward, we expect CPO prices to trade at an average RM3,500/MT for 2023. The rising inventory level that climbed to 2.3m tonnes in November 2022 highlights that demand remains relatively soft despite total CPO production was flat at 16.8m tonnes in 11M22. We expect challenges to persist from the rising labour, fertiliser and transportation costs that will keep margins in check.

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