QL less affected by challenges in livestock farming industry

PETALING JAYA: QL Resources Bhd’s transition out of the palm oil business to focus on environmental, social and governance (ESG)-friendlier operations could see the group restructuring its plantation assets, according to UOB Kay Hian (UOBKH) Research.

The palm oil operations of the integrated agro-based group involve three crude palm oil (CPO) mills and 16,200ha of oil palm estates, mainly in Eastern Kalimantan, Indonesia.