Latest news with #RM4.68
New Straits Times
2 days ago
- Business
- New Straits Times
QL Resources outlook steady, but segment risks remain
KUALA LUMPUR: QL Resources Bhd is expected to remain resilient, supported by its strong domestic market focus that buffers it from global trade tensions. However, Public Investment Bank Bhd (PublicInvest) cautions that the outlook for its Integrated Livestock Farming (ILF) segment may soften due to the gradual withdrawal of subsidies. At the same time, subdued consumer sentiment could weigh on its convenience store (CVS) division, which includes the FamilyMart chain. The firm said better performance from surimi-based products should lift Marine Product Manufacturing (MPM) earnings, while the palm oil and clean energy (POCE) segment will continue to be supported by the positive outlook on renewable energy. "Signs of recovery for MPM, as fishmeal selling prices have likely bottomed out following the increase in Peru's fishing quota. "We foresee a potential expansion in profit margins from the surimi-based products, on lower input cost, favourable foreign exchange (forex) rate supported by the ramp-up in capacity from PT Hasil Laut and Figo," it said in a note. PublicInvest noted that ILF earnings are likely to normalise in financial year 2026 (FY26), impacted by the gradual removal of egg subsidy. The firm estimates that QL previously earned approximately eight to 10 sen per egg under the previous subsidy structure of 10 sen per egg. In contrast, the normal margin without subsidy is estimated to be around three to five sen per egg. "To offset margin pressures, QL is reportedly working to increase its product mix toward higher-margin branded eggs, which currently account for about 20 per cent of its total egg sales. "On a brighter note, we believe the strengthening of the ringgit will lead to lower feed costs, which should help cushion the impact of lower margins from egg sales," it said. Meanwhile, the firm also expects a muted outlook for CVS, as it gathers that despite resilient transaction volume, the average basket size is lower due to softer consumer spending. "Nevertheless, we think that the CVS segment's topline growth will be driven by new store openings, as the group targets opening a total of 600 stores by FY27. "Note that as of FY25, the total Family Mart outlet stood at 445. "However, CVS may see margin pressure on higher labour and rental costs," it added. At the same time, PublicInvest also expects the group's POCE segment earnings to grow, supported by the contribution from Plus Xnergy. In addition, the firm believes that the group is well positioned to capitalise on the growth opportunities from the National Energy Transition Roadmap (NETR) initiatives," it said. Overall, PublicInvest has maintained a "Neutral" call on QL Resources with an unchanged target price of RM4.68.
BusinessToday
3 days ago
- Business
- BusinessToday
MIDA: Malaysia Nets RM4.68 Billion In Potential Investments From Japan At Osaka Expo
Malaysia made a strong economic showing at Expo 2025 Osaka as the nation secured RM4.68 billion in potential investments from Japan, the Malaysian Investment Development Authority (MIDA) said. This figure represents a major milestone, accounting for 56.9% of the RM7.39 billion in total investments attracted under Malaysia's Expo participation. The achievement was announced during the opening ceremony of the Malaysia Pavilion, officiated by Deputy Prime Minister Datuk Seri Fadillah Yusof and attended by Deputy Minister of Investment, Trade and Industry Liew Chin Tong. 'Expo 2025 Osaka is the platform for Malaysia to demonstrate its value as a future-ready, innovation-driven and sustainability-conscious partner. 'The investments secured reflect global confidence in Malaysia's green economy and digital transformation agenda,' Liew said. The RM4.68 billion investment milestone follows a targeted investment mission across Kyoto, Kobe, Osaka and Tokyo from April 12-19, 2025, led by MIDA Deputy Chief Executive Officer Sivasuriyamoorthy Sundara Raja. The mission featured high-level meetings with major Japanese corporations in advanced manufacturing, clean energy and technology-driven sectors. MIDA Chief Executive Officer Datuk Sikh Shamsul Ibrahim said the investment value underscores Malaysia's strong investment fundamentals and the strategic trust Japanese partners place in Malaysia. 'MIDA will continue to anchor high-quality investments that align with our national priorities,' Sikh Shamsul added. Malaysia is targeting RM13 billion in investment and trade outcomes from the Expo, focusing on seven priority sectors: Sustainable agriculture, renewable energy, smart living, green manufacturing, industrial reform, environmental management and the halal industry. Related
New Straits Times
3 days ago
- Business
- New Straits Times
Malaysia secures RM4.7bil in investment leads from Japan at Osaka Expo
KUALA LUMPUR: Malaysia has secured RM4.68 billion in potential investment leads from Japan through a recent mission tied to Expo 2025 Osaka, according to the Malaysian Investment Development Authority (Mida). The leads, secured through engagements in Kyoto, Kobe, Osaka and Tokyo, make up nearly 57 per cent of the RM7.39 billion in total potential investments linked to Malaysia's presence at the expo so far. "This achievement reflects the strength of Malaysia's investment proposition and the strategic trust placed in us by Japanese partners," Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said in a statement. He said Mida would continue to facilitate high-quality investments aligned with national priorities in clean energy, innovation and sustainability. The investment promotion effort included one-on-one meetings with Japanese companies and a seminar in Osaka highlighting opportunities in green and high-value sectors. Investment, Trade and Industry Deputy Minister Liew Chin Tong, who officiated the Malaysia Pavilion, said the Expo is a platform to demonstrate the country's positioning as a "future-ready, innovation-driven and sustainability-conscious partner." A key outcome so far is the signing of a memorandum of understanding between Sarawak Energy Bhd and the Japan Bank for International Cooperation to advance clean energy collaboration. The Malaysia pavilion, expected to host over 150 business engagements during the six-month expo, is part of the government's broader strategy to generate RM13 billion in investment and trade outcomes.
