BFM Podcast

QL Resources Still a Buy at RM4

Tan KW
Publish date: Fri, 23 Aug 2013, 01:09 PM

Wong Chew Hann, Head of Research at Maybank Investment Bank about QL Resources’ Q1 results including: 

- how it measured up against her expectations

- how Bank Negara's lower GDP figures affects her assumptions for QL, if at all

- expansion into egg production in Indonesia and Vietnam

- impact of soybean futures and corn futures price on raw mat costs for QL

- re: QL's PE versus Nestle PE at 30x, F&N 26x, GAB 25x, Carlsberg 23x

- planning to expand its capacity with new factories in Malaysia and Indonesia. How successful has it been so far at completing new facilities on time?

- Maybank IB Research's target price for QL Resources at RM4.00 vs. current price of RM3.25 – what’s going to catalyse the stock to jump 23% over the next 12mths?

BFM's Khoo Hsien Chun speaks with her. 

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Be the first to like this. Showing 2 of 2 comments

Aero1

Totally agreed.

2013-08-24 10:03

haikeyila

PE30 at these times of uncertainty? No,thank you.

2013-08-24 10:22

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