QL Resources is a diversified consumer play active in 3 segments: marine-product manufacturing

Top Calls

Initiate Coverage - QL Resources (BUY) - Incubating growth QL Resources is a diversified consumer play active in 3 segments: marine-product manufacturing (MPM), integrated-livestock farming (ILF) and palm-oil activities (POA). We see key rerating catalysts as an uptick in plantation earnings as the trees mature and growth from its recent foray into the convenience-store space benefiting its MPM segment. We initiate coverage on QL at BUY with a TP of RM5.56.

Other Calls

Company Update � Media Prima (SELL, maintain) - Proposed acquisition of Rev Asia Holdings

Morning News & Market Summary

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.