QL Resources in for better second half on higher product prices

QL Resources, which owns FamilyMart Malaysia, saw a recent financial performance that came in below the research house’s expectations.

PETALING JAYA: Integrated agro-based group QL Resources Bhd is likely to have a better second half for the financial year ending March 31, 2022 (FY22), banking on improved sales of its products.

Kenanga Research said in a report that the second half looks to be improving as the group’s earnings are expected to be anchored by its marine products manufacturing (MPM) segment, supported by a stable fish-cycle and persistently robust sales momentum, especially from its frozen surimi-based products.