PETALING JAYA: Integrated agro-based group QL Resources Bhd
is likely to have a better second half for the financial year ending March 31, 2022 (FY22), banking on improved sales of its products.
Kenanga Research said in a report that the second half looks to be improving as the group’s earnings are expected to be anchored by its marine products manufacturing (MPM) segment, supported by a stable fish-cycle and persistently robust sales momentum, especially from its frozen surimi-based products.
“MPM activities are historically lower in the fourth quarter of the financial year due to the monsoon season but we expect improvements ahead provided there is no further resurgence of the pandemic,” it told clients.
...