Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: QL RESOURCES BHD
| Research House: JF APEX | Price Call: BUY | Target Price: 3.90 |
Showing posts with label QL. Show all posts
Showing posts with label QL. Show all posts
October 30, 2014
June 9, 2014
February 21, 2014
QL - 9MFY14: Within expectations
Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: QL RESOURCES BHD
| Research House: JF APEX | Price Call: HOLD | Target Price: 3.00 |
October 4, 2013
QL - Proposes bonus and rights issue
Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: QL RESOURCES BHD
| Research House: JF APEX | Price Call: BUY | Target Price: 4.06 |
March 27, 2013
March 7, 2013
February 25, 2013
October 3, 2012
August 24, 2012
OSK ups QL Resources fair value
Stock Name: QL
Company Name: QL RESOURCES BHD
KUALA LUMPUR: OSK Research raised its fair value of QL Resources Bhd to RM4.05 per share from RM3.46, citing a brighter outlook due to its Indonesian operations.
"We see stronger contributions arising from expansion of its new surimi line in Surabaya commencing in September, and the poultry operation in Indonesia," OSK said in a note.
"QL, our top buy in the consumer sector, is a relatively safer bet amid the economic uncertainty, owing to its earnings track record and defensiveness," the research house added.
QL shares fell 0.61 per cent by 0331 GMT as the broader market was down. The Malaysian benchmark stock index dropped 0.09 per cent. -- Reuters
Company Name: QL RESOURCES BHD
| Research House: OSK | Price Call: BUY | Target Price: 4.05 |
KUALA LUMPUR: OSK Research raised its fair value of QL Resources Bhd to RM4.05 per share from RM3.46, citing a brighter outlook due to its Indonesian operations.
"We see stronger contributions arising from expansion of its new surimi line in Surabaya commencing in September, and the poultry operation in Indonesia," OSK said in a note.
"QL, our top buy in the consumer sector, is a relatively safer bet amid the economic uncertainty, owing to its earnings track record and defensiveness," the research house added.
QL shares fell 0.61 per cent by 0331 GMT as the broader market was down. The Malaysian benchmark stock index dropped 0.09 per cent. -- Reuters
July 2, 2012
QL Resources rated 'outperform'
Stock Name: QL
Company Name: QL RESOURCES BHD
Public Investment Research started agricultural producer QL Resources Bhd with an "outperform" call and a fair value of RM3.83 thanks to its strong agricultural business and aggressive expansion plans.
"We like QL for its strong play in its three agricultural segments - marine products manufacturing, integrated livestock farming and palm oil activities," the broker said in a note.
The research house said QL's expansion plans to Indonesia and Vietnam in its marine products and livestock segments will boost its earnings momentum.
At 0207, QL shares gained 0.96 percent against the Malaysian benchmark stock index 0.33 percent rise. -- Reuters
Company Name: QL RESOURCES BHD
| Research House: PUBLIC BANK | Price Call: BUY | Target Price: 3.83 |
Public Investment Research started agricultural producer QL Resources Bhd with an "outperform" call and a fair value of RM3.83 thanks to its strong agricultural business and aggressive expansion plans.
"We like QL for its strong play in its three agricultural segments - marine products manufacturing, integrated livestock farming and palm oil activities," the broker said in a note.
The research house said QL's expansion plans to Indonesia and Vietnam in its marine products and livestock segments will boost its earnings momentum.
At 0207, QL shares gained 0.96 percent against the Malaysian benchmark stock index 0.33 percent rise. -- Reuters
April 12, 2012
QL Resources (QLG MK, BUY, FV: RM3.64, Last close: RM3.15)
Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: QL RESOURCES BHD
| Research House: OSK | Price Call: BUY | Target Price: 3.64 |
Following our recent meeting with management, we are optimistic that QL Resourceswill continue to deliver solid earnings growth in line with its on-track expansionin the ASEAN region. We are expecting the group's Indonesia and Vietnamoperations to start contributing in FY13. Maintain BUY with a FV of RM3.64,given its solid performance and resilient business nature.
Still rocks. QLResources transformed from a livestock feed trading company (that was complementedby its smaller fisheries and palm oil businesses) into a leading marine andpoultry egg producer (complete with a fast-growing palm oil business) over the years.With exposure to three sustainable basic food industries, its strong business modelhas enabled QL to deliver sterling results on a consistent basis. Over theyears, the company has expanded its operations through upstream/downstreamintegration, innovation and acquisition.
Regional expansionbearing fruits. Going forward, webelieve the earnings excitement will largely come from its regional exposure inIndonesia and Vietnam. On the marineside, QL is adding another 5k tonnes p.a. capacity to its current surimi and fishmealproduction facilities in Surabaya, increasing the overall production capacityto 10k tonnes p.a. by end-FY13. Also, we are expecting contributions fromIndonesia and Vietnam's poultry operations to kick in from FY13 onwards, giventhat the expansions are all on track. As for the palm oil division, the 20k haplantation and new CPO mill in Indonesia will undoubtedly bring the company tothe next level.
Defensive in nature. As QL is involved in the basic food industrywhere demand is resilient even during economic slowdowns, we are confident thatthe company's outlook remains promising. With QL venturing into Asean countrieswith growing populations such as Indonesia and Vietnam, such regional expansions could open up newand profitable markets that bode well for the company's future growth.
Maintain BUY. OurFV of RM3.64 is based on 19x CY12 EPS. Given the recent share price retracement(which was largely due to the market correction), we see this as a good opportunityto BUY QL shares. This stock is one of our Top 2012 Buys in view of its highly defensivenature and aggressive overseas expansion strategy.
Source: OSK188
March 2, 2012
CIMB TRADER AM 02 March 2012
Stock Name: FABER
Company Name: FABER GROUP BHD
Stock Name: PREMIER
Company Name: PREMIER NALFIN BERHAD
Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: FABER GROUP BHD
| Research House: CIMB | Price Call: BUY | Target Price: 1.78 |
Stock Name: PREMIER
Company Name: PREMIER NALFIN BERHAD
| Research House: CIMB | Price Call: SELL | Target Price: 0.405 |
Stock Name: QL
Company Name: QL RESOURCES BHD
| Research House: CIMB | Price Call: BUY | Target Price: 3.28 |
What's Relevant
- US markets: US stocks had been higher for most of the session, buoyed by a strong weekly jobless claims report (4-year low) and as investors seemed to overlook weaker-than-expected manufacturing news (slowed down to 52.4), but still finished off their best levels.
- Asian markets: Asian shares closed mostly down on Thursday as a retreat in expectations for further monetary easing in Europe and the U.S. sent stock markets lower, while China's PMI remained weak at 51.0. Singapore shares closed weaker on Thursday following comments by Fed chairman Ben Bernanke that flat incomes and still-high unemployment would likely limit growth this year to 2.25%. Commodities are still under pressure. We maintain a bearish view on the index
- Malaysia: The FBMKLCI bucked the regional downtrend to end the day 0.2% higher. At the close, the benchmark rose 3.8pts to 1,573.45. Rotational buying in selected blue chips like Sime Darby, Petronas Chemicals and BAT helped cushion losses in the broader market. Lower liners were sold down on worries that the global retreat would hurt local sentiment. Volume was modest with 1.6bn shares worth RM2.0bn changed hands. Market breadth was negative with losers outnumbering advancers by 506 to 309 while another 302 counters remained unchanged.
Trades for the Day
Technically'
- Faber Group (FAB MK; RM1.78, Buy) ' Likely one more push higher.
- Premier Nalfin (PRNB MK; RM0.405, Sell) ' Violated its triangle support.
- QL Resources (QLG MK; RM3.28, Buy) ' Ripe for a stronger rebound.
Fundamentally'
- Strategy ' Light at the end of the tunnel? Disappointments during the Feb results season were milder than expected, with underachievers outnumbering overachievers by only a factor of 1.6x vs. at least 3x in the past two quarters. This is good news and raises the hope that big earnings cuts are coming to an end. We maintain our Neutral call but raise our end-2012 KLCI target from 1,520pts to 1,610pts after lifting our target basis from 12.6x P/E to 13x P/E as we lower the discount to the 3-year moving average P/E from 10% to 5% in light of the less negative earnings outlook.
February 22, 2012
QL Resources: Maintain Buy - Long-term growth visibility
Stock Name: QL
Company Name: QL RESOURCES BHD
On track to double-digit growth. QL's 3QFY12 results were within our expectations. Net profit of RM34.4m (+4% YoY, -9% QoQ) took the 9M net profit tally to RM100m, which made up 70% of our and 68% of consensus estimates. All three divisions recorded revenue growth, while its bottom line grew by a modest in 9MFY12. Maintain Buy with a raised TP of RM3.75.
Maybank Research 22 Feb 2012
Click here for full report
Company Name: QL RESOURCES BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.75 |
On track to double-digit growth. QL's 3QFY12 results were within our expectations. Net profit of RM34.4m (+4% YoY, -9% QoQ) took the 9M net profit tally to RM100m, which made up 70% of our and 68% of consensus estimates. All three divisions recorded revenue growth, while its bottom line grew by a modest in 9MFY12. Maintain Buy with a raised TP of RM3.75.
Maybank Research 22 Feb 2012
Click here for full report
February 9, 2012
OSK: "Buy" call on QL Resources stays
Stock Name: QL
Company Name: QL RESOURCES BHD
OSK Research has maintained a "buy" call for QL Resources Bhd with the fair value unchanged at RM3.62, backed by the company's solid earnings track record and an on-track expansion in Vietnam and Indonesia.
In a statement today, OSK Research said QL Resources is the biggest surimi producer in Malaysia with a 50 per cent market share.
It also said that the company plans to add another new production line for Surimi and fishmeal operations in Indonesia.
"Based on this plan, starting from financial year 2013, the company will boost its production capacity to 10,000 tonnes per annum from the present 5,0000.
"The company has also expanded its integrated livestock farming by venturing into Vietnam and Indonesia," the research firm added.
"As for its palm oil division, a new crude palm oil mill in Indonesia was completed early this year, with a palm pellet plant slated for completion by the second half 2012," the research firm said.
OSK Research said the company has planted 10,000 hectares of its oil palm estates in Indonesia and is expected to complete planting on 15,000 hectares by financial year 2014.-- BERNAMA
Company Name: QL RESOURCES BHD
| Research House: OSK | Price Call: BUY | Target Price: 3.62 |
OSK Research has maintained a "buy" call for QL Resources Bhd with the fair value unchanged at RM3.62, backed by the company's solid earnings track record and an on-track expansion in Vietnam and Indonesia.
In a statement today, OSK Research said QL Resources is the biggest surimi producer in Malaysia with a 50 per cent market share.
It also said that the company plans to add another new production line for Surimi and fishmeal operations in Indonesia.
"Based on this plan, starting from financial year 2013, the company will boost its production capacity to 10,000 tonnes per annum from the present 5,0000.
"The company has also expanded its integrated livestock farming by venturing into Vietnam and Indonesia," the research firm added.
"As for its palm oil division, a new crude palm oil mill in Indonesia was completed early this year, with a palm pellet plant slated for completion by the second half 2012," the research firm said.
OSK Research said the company has planted 10,000 hectares of its oil palm estates in Indonesia and is expected to complete planting on 15,000 hectares by financial year 2014.-- BERNAMA
November 24, 2011
November 22, 2011
QL Resources: Buy
Stock Name: QL
Company Name: QL RESOURCES BHD
Where are the fish?
In line, earnings uptrend continues. 1HFY12 net profit of RM65.8m (+10% YoY) made up 46% of our full-year forecast and 45% of consensus. In 2QFY12, the group's net profit grew 15.1% YoY to RM38m. We expect the uptrend in earnings to continue into 2HFY11, hence, we maintain our forecasts for a 14.6% growth in core net profit for FY12. Our DCF-based TP of RM3.39 is also unchanged.
Maybank research (22 November 2011)
Click here for full report ''
Company Name: QL RESOURCES BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.39 |
Where are the fish?
In line, earnings uptrend continues. 1HFY12 net profit of RM65.8m (+10% YoY) made up 46% of our full-year forecast and 45% of consensus. In 2QFY12, the group's net profit grew 15.1% YoY to RM38m. We expect the uptrend in earnings to continue into 2HFY11, hence, we maintain our forecasts for a 14.6% growth in core net profit for FY12. Our DCF-based TP of RM3.39 is also unchanged.
Maybank research (22 November 2011)
Click here for full report ''
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