QL Resources set for stronger quarters, but eggs and retail weigh
KUALA LUMPUR: QL Resources Bhd is expected to deliver stronger earnings in the coming quarters, supported by resilient marine products manufacturing (MPM) and clean energy operations.
QL Resources Bhd is poised for stronger earnings in upcoming quarters, bolstered by resilient marine products manufacturing (MPM) and clean energy operations, according to analysts. However, weaker egg prices and subdued consumer spending are poised to keep drags on its integrated livestock farming (ILF) and convenience store (CVS) businesses, the research houses said.
Affin Hwang Investment Bank Bhd and CIMB Securities Sdn Bhd anticipate MPM will remain QL Resources' primary earnings driver, with the palm oil and clean energy (POCE) segment expected to provide additional support. The group's first quarter ended June 30, 2026 results were in line with expectations, with MPM leading revenue growth at 18.2% year-on-year and pre-tax profit surging 51.5%, fueled by higher sales volumes and selling prices, as well as superior operating leverage.
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