Stock Name: QL
Company Name: QL RESOURCES BHD
Research House: OSK
Company Name: QL RESOURCES BHD
Research House: OSK
QL Resources Bhd’s nine month FY2011 results were within OSK's consensus estimates as revenue and net profit surged 19.8 per cent to RM1274.2m and 16.5 per cent to RM92.9m respectively.
While OSK maintains QL's FY2011 earnings forecast at RM128.2m, it is raising FY2012 and FY2013 net profit forecast by 1.6 per cent to 3.8 per cent to RM128.2 miliion and RM158.5 million respectively, to factor in a higher CPO price. OSK sees QL as a 'buy' and ups target price to RM3.51. - Reuters
While OSK maintains QL's FY2011 earnings forecast at RM128.2m, it is raising FY2012 and FY2013 net profit forecast by 1.6 per cent to 3.8 per cent to RM128.2 miliion and RM158.5 million respectively, to factor in a higher CPO price. OSK sees QL as a 'buy' and ups target price to RM3.51. - Reuters
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