All operations showed improvement. Marine products were driven by good fishing in the new season with fishmeal seeing higher volume and prices on account of supply constraints from Peru. Poultry business was bolstered by: (i) sustained exports and better egg prices, and (ii) better performance from its broiler division with a turnaround in Indonesia. Its upstream palm oil division reported better output and yields, partially offset by lower CPO prices. Its CVS operation was buoyed by an addition of 73 new stores and 41 mini stores, but earnings were hit by higher labour and energy costs.
Industry experts forecast Malaysia’s crude palm oil to trade between RM4,000 and RM4,200 per tonne next year, down from RM4,900 per tonne recorded in 2022, impacted by weather developments, geopolitical risks, government policies and slower global economic growth.
By CPOPC strategy and policy director Puah Chiew Wei
In a sector update on Wednesday, Hong Leong Investment Bank (HLIB) maintained its crude palm oil (CPO) price assumptions for 2023 at RM3,850 per MT, and RM4,000 per MT for 2024.
The research house expects stockpiles to remain flattish in December 2023, as seasonally low production will be offset by weak near-term demand sentiment arising from weak demand sentiment in China and price competition from other competing oils.
The economic progressive wage being implemented slowly by phase will help contribute to higher earnings for QL as well. Looking at the second TP with sheer optimism 😄
Malaysian palm oil futures dropped on Thursday, as investors booked profits after five straight sessions of gains, while lower overseas demand also weighed on the market.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange lost RM38, or 1.01%, to RM3,740 by the midday break.
- Higher yields for QL! A marginally higher production can offset the risk of lower CPO prices hihi! But if labour costs and energy costs continues, it may be a standstill to nowhere😣
QL Resources Bhd’s business prospects for financial ending March 31year, 2024 (FY24) will be supported by good demand for its poultry products business and growth of its convenience store business.
MIDF Research, after a meeting with the company, noted that the company’s chicken egg supply business in Malaysia would likely enjoy continued subsidised prices for eggs in the local market in the near term while the fallout with its Indonesian egg supply business was manageable.
Kenanga Investment Bank Bhd (Kenanga IB) is optimistic about QL Resources’s near-term prospects, expecting livestock farming and marine products to continue driving QL’s growth. https://theedgemalaysia.com/node/697498
Bonus? 2020 already give bonus and stock price also never exceeded the 2020 after bonus price. also, bonus is just stock split, they can split 100:1 and the value remains the same. if you think giving 2:1 bonus means suddenly you get extra shares... i have bad news for you.
maybe overseas different.... here... bonus same as split. last time QL stock price rise and rise... but as of recent years... flat for many years... i dont think they will do a stock split any time soon. whatever it is, bonus or stock split should not matter.
I know, but in Malaysia, what's the difference? If they say Bonus 1:2 and you have 1000 shares, you end up with 2000 shares. And if it is share split 1:2, you also end up with 2000 shares.
By right Bonus means they create new shares and give it for free. But malaysia... all same. right?
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Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 2023-11-30 16:48 | Report Abuse
Good latest quarterly results.