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?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WongGK92
273 posts
Posted by WongGK92 > 2023-12-13 13:45 | Report Abuse
Hopefully QL can break through RM6 before end of 2023 🤗