Affin Hwang expects the integrated livestock farming segment’s pre-tax profit to grow 7% y-o-y off a higher production, stabilising average selling prices as well as the absence of an earnings drag from Family Mart operations in FY20.
PETALING JAYA: QL Resources Bhd
is expected to see sustainable earnings growth with healthy consumer demand fuelling its upstream expansion plans, according to Affin Hwang Capital.
The research house said that while it is trimming its earnings forecasts to reflect a slower recovery for QL’s palm oil segment and lower tax incentives, it still expects double-digit core earnings growth in FY20, driven by its marine segment and Family Mart operations.
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