PETALING JAYA: QL Resources Bhd
is poised for continued growth for the financial year 2025 (FY25), well supported by steady demand in its integrated livestock farming (ILF) and marine product manufacturing (MPM) segments, as well as better performance from the palm oil and clean energy (POCE) segment, say analysts.
According to MIDF Research, the group is also expected to gain from lower input costs and government cost subsidies for farm produce.
QL Resources is also well-positioned to capitalise on a stronger solar-project pipelines and favourable crude palm oil price trends, the research house said.
The group’s prospects would also be bolstered by its strategic acquisition of Plus Xnergy on Oct 25, for RM110mil, added the research house.
Kenanga Research said in a report QL Resources’s growth trajectory would remain intact supported by demand in both MPM and POCE segments.
The POCE segment is expected to drive growth through its focus on clean-energy initiatives under its subsidiary, BM Greentech Bhd.
The research house also highlighted that consumer sentiment is expected to improve with the year-end festive season and salary hike for civil servants.
Hong Leong Investment Bank Research (HLIB Research), meanwhile, said, “We expect QL Resources’ biggest segments, MPM and ILF, to continue charting better growth.
“We reckon QL Resources would benefit from withdrawals from the Employees Provident Fund Account 3, civil-servants pay hike and minimum wage increase.”
HLIB Research also pointed out the expansion of the group’s convenience store chain, which is expected to further contribute positively to the group’s sales.
HLIB Research maintained its “buy” call on QL Resources with a target price of RM5.45.
