QL Resources: Unexciting Quarter (QLG MK, Neutral, TP: RM3.64)

QL Resources Berhad (QL) posted a flat 1QFY27 core PATAMI of RM100.8m, as margin erosion across Integrated Livestock Farming (ILF), Convenience Store Chain (CVS) and Palm Oil and Clean Energy (POCE) segments and a higher effective tax rate offset stronger Marine Product Manufacturing (MPM) performance.

QL Resources

“Results were within expectations, accounting for 22% and 21% of our and consensus estimates respectively. We keep our earnings forecasts unchanged. We remain cautious on the ILF and CVS segments, where structural margin compression from subsidy removal and softer consumer sentiment is expected to persist. We reiterate Neutral with an unchanged DCF-based TP of RM3.64,” says PIB.

#businessnews

Life Water: Wrapping Up On A Stronger Note (LWSABAH MK, Outperform, TP: RM1.80)