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
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