Bursa Malaysia Stock Watch

QL Resources: Maintain Buy - Long-term growth visibility

kltrader
Publish date: Wed, 22 Feb 2012, 09:58 AM
kltrader
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On track to double-digit growth. QL's 3QFY12 results were within our expectations. Net profit of RM34.4m (+4% YoY, -9% QoQ) took the 9M net profit tally to RM100m, which made up 70% of our and 68% of consensus estimates. All three divisions recorded revenue growth, while its bottom line grew by a modest in 9MFY12. Maintain Buy with a raised TP of RM3.75.


Maybank Research 22 Feb 2012

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