0051 GMT - Malaysia's August palm oil stockpile increase should be limited as seasonally higher production is expected to be partly offset by resilient exports, Hong Leong IB analyst Chye Wen Fei says in a note. Exports are expected to be helped by India's festive-season restocking and palm oil's price competitiveness against soybean oil, she says. Chye expects elevated crude palm oil prices to persist through 2H amid tightening supply and resilient demand. She favors planters with predominantly upstream operations and greater exposure to Malaysia, given their higher earnings leverage to CPO price strength and lower exposure to foreign regulatory risks. Hong Leong maintains an overweight rating on Malaysian plantation sector, pegging Hap Seng Plantations as top pick.