Stock Name: QL
Company Name: QL RESOURCES BHD
Research House: OSK
Company Name: QL RESOURCES BHD
Research House: OSK
OSK Research has reduced its 2011/12 forecast earnings for QL Resources by one per cent to 5.3 per cent, saying that heavy rainfall in Indonesia and the stake dilution of 40.5 per cent to 35 per cent in Boilermech had delayed the company from achieving its target fresh fruit bunch production volume in Vietnam.
The research house however raised its Future Value (FV) from RM3.51 to RM4, pegging at a higher price earnings (PE) of 19 times earnings per share in 2012, taking into account the potential catalyst from its venture into renewable energy and higher share liquidity post share placement exercise.
QL Resources is a regional integrated livestock farming player
and has diversified into the fisheries sector through the development of a marine-based manufacturing chain.
Meanwhile, OSK also said there have been reaffirmation that radiation from Japan's nuclear plant disaster would not reach Malaysia due to the distance.
This means, QL Resources fish caught in South East Asian waters is safe for consumption. OSK Research has maintained a "Buy" recommendation on QL Resources. -- Bernama
The research house however raised its Future Value (FV) from RM3.51 to RM4, pegging at a higher price earnings (PE) of 19 times earnings per share in 2012, taking into account the potential catalyst from its venture into renewable energy and higher share liquidity post share placement exercise.
QL Resources is a regional integrated livestock farming player
and has diversified into the fisheries sector through the development of a marine-based manufacturing chain.
Meanwhile, OSK also said there have been reaffirmation that radiation from Japan's nuclear plant disaster would not reach Malaysia due to the distance.
This means, QL Resources fish caught in South East Asian waters is safe for consumption. OSK Research has maintained a "Buy" recommendation on QL Resources. -- Bernama
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