QL Resources to remain resilient amid trade tensions

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.