KUALA LUMPUR: CIMB Equities Research is expecting a better fourth quarter ending March 31, 2015 from QL Resources, driven by stronger demand and better prices for marine products, higher egg prices, as well as more fresh fruit bunches (FFB) processed from Indonesia.
The research house had on Friday raised its FY16-17 EPS forecasts, mainly to factor in a stronger US dollar versus the ringgit, lower raw material costs and new contributions from recent acquisition KSSB.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
