KUALA LUMPUR: Kenanga Research has downgraded QL Resources Bhd
's outlook on the back of volatile raw prices following the earnings disappointment in the group's recent quarterly results.
The research house said the group's 1QFY22 Patami of RM42mil came to 14% and 15% of its and consensus full-year estimates due to the re-emergence of a low fish landing cycle and an unforeseen drastic regional surge of the pandemic contributing to weaker sales in its marine products manufacturing (MPM).
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