QL Resources bets on FamilyMart for earnings growth

PETALING JAYA: QL Resources Bhd’s strategy to venture into FamilyMart last year seems to be seeing some promising signs that could support the poultry player’s long-term earnings growth, said RHB Research.

Being QL’s first foray into convenience store franchising, the research house said QL had somewhat turned it into a scalable avenue, with a total of 10 stores expected to open their doors by the end of this year and 300 more in five years to come.