Following the removal of the egg subsidy, UOBKH Research said profitability is expected to fall to three sen to five sen per egg.
PETALING JAYA: Although QL Resources Bhd
remains resilient amid trade tensions and the minimum wage hike policy, its core segments are facing a mixed outlook, according to UOB Kay Hian (UOBKH) Research.
Based on the company’s estimates, only 0.5% of total group sales are US export sales, which primarily consisted of surimi-based products, said the research house.
