Affin Hwang lifts forecasts on QL Resources, TP raised to RM9.30


QL Resources1

KUALA LUMPUR: Affin Hwang Capital research has lifted its FY20-22E earnings forecasts for QL Resources Bhd by 2-4% to take into account higher revenue per store for its convenience store operations and higher CPO average selling price.

This comes in addition to the steady growth seen in the group's key businesses of marine products manufacturing (MPM) and integrated livestock farming (ILF)

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