QL Resources earnings growth trajectory intact

TA Research said the company’s business operations are expected to continue registering intact earnings growth in the second half of FY24.

PETALING JAYA: Agro-based business group QL Resources Bhd’s outlook remains stable, with its resilient marine-product manufacturing operations set to be a key driver for earnings growth in financial year 2024 (FY24).

The potential weakness in its plantation business could also be mitigated by stronger contribution from its clean-energy projects.However, its convenience store operations may continue to be impacted by higher labour and energy costs, alongside slower sales momentum amid weaker consumer sentiment, said Maybank Investment Bank (Maybank IB) Research.