Bursa Malaysia Stock Watch

QL Resources: Buy

kltrader
Publish date: Tue, 22 Nov 2011, 02:58 PM
kltrader
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Where are the fish?
 
In line, earnings uptrend continues. 1HFY12 net profit of RM65.8m (+10% YoY) made up 46% of our full-year forecast and 45% of consensus. In 2QFY12, the group's net profit grew 15.1% YoY to RM38m. We expect the uptrend in earnings to continue into 2HFY11, hence, we maintain our forecasts for a 14.6% growth in core net profit for FY12. Our DCF-based TP of RM3.39 is also unchanged.

Maybank research (22 November 2011)

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1 person likes this. Showing 4 of 4 comments

Vincent Wong

why no go up

2011-11-24 08:31

EdmundSSKoh

Yes! Why????

2011-11-25 15:34

stephenlee

Do you know what "QL" means in mandarin?

2011-11-26 03:54

danieltham

TThis stock is a silent runner, I guess it will shoot up sharply at 4 Ringgit soon. I bought 10 lots at 2.80, just wait and see.

2011-12-16 08:02

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