Earnings catalyst for QL Resources

HLIB Research expects QL Resources’ biggest segments, namely, marine products manufacturing and integrated livestock farming divisions, to continue charting better growth.’s plan to build a new surimi-based production plant in Hutan Melintang, Perak, is expected to be a growth catalyst for the group’s marine products manufacturing division.

“The construction of a workers’ quarters is expected to be completed by September 2023 for certificate of completion and compliance application,” the brokerage said. “We expect QL Resources’ biggest segments, namely, marine products manufacturing and integrated livestock farming divisions to continue charting better growth,” HLIB Research said.According to HLIB Research, QL Resources will benefit from stable demand and prices of surimi and surimi-based products.

“This is positive to ensure the adequate supply of fresh marine life for the production of surimi,” the brokerage said.

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