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
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