Stock Name: QL
Company Name: QL RESOURCES BHD
KUALA LUMPUR: OSK Research raised its fair value of QL Resources Bhd to RM4.05 per share from RM3.46, citing a brighter outlook due to its Indonesian operations.
"We see stronger contributions arising from expansion of its new surimi line in Surabaya commencing in September, and the poultry operation in Indonesia," OSK said in a note.
"QL, our top buy in the consumer sector, is a relatively safer bet amid the economic uncertainty, owing to its earnings track record and defensiveness," the research house added.
QL shares fell 0.61 per cent by 0331 GMT as the broader market was down. The Malaysian benchmark stock index dropped 0.09 per cent. -- Reuters
Company Name: QL RESOURCES BHD
| Research House: OSK | Price Call: BUY | Target Price: 4.05 |
KUALA LUMPUR: OSK Research raised its fair value of QL Resources Bhd to RM4.05 per share from RM3.46, citing a brighter outlook due to its Indonesian operations.
"We see stronger contributions arising from expansion of its new surimi line in Surabaya commencing in September, and the poultry operation in Indonesia," OSK said in a note.
"QL, our top buy in the consumer sector, is a relatively safer bet amid the economic uncertainty, owing to its earnings track record and defensiveness," the research house added.
QL shares fell 0.61 per cent by 0331 GMT as the broader market was down. The Malaysian benchmark stock index dropped 0.09 per cent. -- Reuters
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