Diversified revenue base to steer QL Resources

TA Research believes that the profitability of QL Resources’ ILF segment should improve further when the government lifts the price ceiling for eggs after June 2023.

PETALING JAYA: QL Resources Bhd is expected to register steady earnings going forward, driven by its diversified revenue base and the anticipated solid performances from its marine product manufacturing (MPM) and integrated livestock farming (ILF) divisions.

With the exception of its palm oil and clean energy (Poce) segment, Hong Leong Investment Bank (HLIB) Research said it is encouraged by the company’s other divisions.