QL earnings outlook affected by margin squeeze

QL’s FamilyMart business average daily store sales were 20% to 30% lower amid the ongoing lockdown restrictions that had resulted in shorter operating hours and subdued footfalls.

PETALING JAYA: QL Resources Bhd’s recent earnings weakness has prompted TA Research to trim its earnings forecast for the company for the financial year ending March 21, 2022 (FY22).

“We trim FY22 earnings by 11.8% and reduce FY23-FY24 earnings by 3% to 4%,” the research house said.