Latest news with #QLResourcesBhd
New Straits Times
2 days ago
- Business
- New Straits Times
QL Eggs celebrates National Day with Breakathon Carnival, cracking 6,800 eggs
QL Eggs marked a record-breaking attempt at its Breakathon Carnival, bringing Malaysians together to crack 6,800 eggs in conjunction with Malaysia's upcoming 68th National Day. The eggs were then fried and added to nasi lemak by Chan Mari Chan before being served to attendees at the event, which was held at The Campus Football Field in Ampang. QL Resources Bhd group chief executive officer Chia Song Kooi said the attempt reflected the company's mission to make nutrition accessible to all. "From a familiar staple, we break through the ordinary to create something greater, what we call 'Breakthrough Goodness'," he said. "The Breakathon Carnival is not just a celebration, but a reminder that every time Malaysians break an egg, they can think of QL Eggs and trust in our consistent quality, reliable nutrition and genuine care." The Breakathon Carnival featured giveaways and contests, including a golden egg prize worth RM11,390, year-long supplies of QL Eggs, free nasi lemak by Chan Mari Chan, cooking demonstrations by chef Datuk Fazley Yaakob and meet-and-greet sessions with national shuttlers Goh Sze Fei and Nur Izzuddin. COMMITMENT TO INNOVATION The company highlighted its Integrated Livestock Farming operations, which cover feed raw material sourcing, feed milling and layer farming. With close-house facilities equipped with environmental control systems and strict biosecurity measures, QL said its eggs remained one of the most affordable sources of protein for Malaysians. The brand has also collaborated with Universiti Putra Malaysia's Faculty of Agriculture on research and development. In the same spirit of innovation, QL Eggs has recently introduced the Brain+ Egg, which contains DHA and choline to support brain health. QL Resources Bhd, listed on Bursa Malaysia since the 1980s, is a leading agri-food company with operations in marine products, livestock farming, palm oil, clean energy and convenience stores. Its flagship brand, QL Eggs, is one of Asia's largest producers, supplying millions of eggs daily to households across the region.
The Star
11-06-2025
- Business
- The Star
QL Resources to remain resilient amid trade tensions
Following the removal of the egg subsidy, UOBKH Research said profitability is expected to fall to three sen to five sen per egg. PETALING JAYA: Although QL Resources Bhd remains resilient amid trade tensions and the minimum wage hike policy, its core segments are facing a mixed outlook, according to UOB Kay Hian (UOBKH) Research. Based on the company's estimates, only 0.5% of total group sales are US export sales, which primarily consisted of surimi-based products, said the research house. 'Evidently, the tariff war would have a minimal direct impact on QL Resources. 'However, management does not rule out that supply disruptions and curtailed spending may indirectly impact its operations,' said UOBKH Research. Meanwhile, 27% of the company's workforce of 12,000 employees will benefit from the minimum wage revision, which is expected to cost the group an additional RM10mil or a digestible 1.4% of its financial year 2026 (FY26) profit before tax earnings. Management expected to largely absorb it or see a partial cost pass through, the research house noted. QL Resources is involved in integrated livestock farming (ILF), marine products manufacturing and palm oil activities in Malaysia, Indonesia and Vietnam. For the ILF segment, the government has rationalised its subsidies on eggs, reduced it to from 10 sen per egg to five sen effective since May 1 and subsequently removing it on Aug 1. The company earned an estimated 10 sen per egg under the full subsidy scheme. Following the removal of the egg subsidy, UOBKH Research said profitability is expected to fall to three sen to five sen per egg. To protect its margins, the company is looking to lift its product mix toward its margin accretive branded eggs, which accounts for 20% of its total egg sales. The fishing and fishmeal sub-segments are likely to see extended headwinds, the research house noted. Fishmeal selling price has stabilised, but demand remains weak due to a slowdown in world aquaculture activity. This is further compounded by a higher Peru fishing quota which may exert pressure on prices going forward. In contrast, surimi and surimi-based products could see an improved performance in FY26. In the palm oil segment, growth would be driven by its solar company Plus Xnergy Holdings Sdn Bhd's contributions that are tied to its renewable energy and environmental, social and governance solution business. 'Its palm oil contributions are likely to moderate alongside lower crude palm oil prices that have trended downward to RM3,800 from more than RM4,200 in the fourth quarter of 2025 (4Q25) amid similar fresh fruit bunch production and oil extraction rate output,' UOBKH Research said. The research house is maintaining its 'hold' stance on QL Resources' with an unchanged target price of RM4.80, adding that key risks include unfavourable weather conditions affecting fishing yields, outbreak of poultry diseases and a sharp collapse in crude palm oil prices.
The Star
29-05-2025
- Business
- The Star
QL Resources expects steady year ahead
KUALA LUMPUR: QL Resources Bhd says its food-related businesses remain sensitive to consumer sentiment and policy shifts, and notes that ongoing economic uncertainty may dampen both investment and spending. In a filing with Bursa Malaysia, QL said profitability for its integrated livestock farming segment is expected to decline amid improved egg supply, due to phased subsidy rationalisation starting May 1 and the removal of all subsidies from Aug 1, 2025. In the fourth quarter ended March 31, QL posted a lower net profit of RM93.9mil, bringing its full-year net profit to RM455.6mil. Revenue for the quarter rose 6.7% to RM1.76bil, lifting the full year revenue to RM7.07bil. QL has proposed a final single-tier dividend of 2.50 sen per share, amounting to RM91.3mil for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming annual general meeting. The group said the outlook for marine product manufacturing (MPM) is neutral to positive as the surimi-based products are expected to benefit from low input cost and increased export demand with its relatively competitive position under the current tariff structure. QL said the convenience store chain will continue to open new stores, especially those underserved areas and plan to introduce more local delicacies which offer good value for consumers at large. 'Through our listed subsidiary BM Greentech and its enhanced capabilities following the acquisition of Plus Xnergy, we are well positioned to capitalise on the growth opportunities and play an important role in Malaysia's National Energy Transition Roadmap initiatives,' it said. 'With our core businesses dealing with basic foods and green energy solutions, the management nevertheless remains cautiously optimistic that the group's business performance will remain resilient for the new financial year, notwithstanding continued uncertainty in the regional economies and Malaysia's egg subsidy rationalisation. 'We will stay focused on driving operational efficiency and making new strategic investments, including technology, to achieve sustainable growth,' it added.
