QL Resources near-term prospects remain good

TheStar Wed, Jan 17, 2024 12:00am - 3 months View Original


Kenanga Research has raised its FY24 to FY25 net profit forecasts by 0.5% and 1.8%, respectively,

PETALING JAYA: QL Resources Bhd’s growth will continue to be driven by its livestock farming and marine products, while the plantation and clean energy segments will focus on the environment, social and governance (ESG) aspects, says Kenanga Research.

The group will also expand its convenience store chain (CVS) at a more measured pace, adjusting to the softer consumer sentiment.

Kenanga Research said it felt assured about the group’s near-term prospects based on its meeting with QL Resources’ management recently.

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