QL Resources Shares Rise Despite Lower FY2026 Earnings; MBSB Keeps ‘Buy’ Call

KUALA LUMPUR, May 29 (Bernama) -- QL Resources Bhd emerged among the top gainers in early trade despite posting lower earnings for the financial year ended March 31, 2026 (FY2026).

At 11 am, shares in the integrated agro-based group rose 34 sen to RM3.74, with 7.64 million shares traded.

In a filing with Bursa Malaysia, QL Resources said net profit slipped to RM450.35 million in FY2026 from RM455.08 million a year earlier, while revenue was largely unchanged at RM7.05 billion.

The group also declared a final interim single-tier dividend of 2.5 sen per share for FY2026.

Meanwhile, MBSB Investment Bank Bhd remained positive on QL Resources’ medium-term prospects, citing its diversified exposure to marine products, livestock farming, convenience stores, and palm oil and clean energy businesses.

“Marine products manufacturing should benefit from fully mobilised fishing vessels, encouraging fish landings, stronger fishmeal prices amid regional supply constraints, stable surimi demand and improved surimi-based margins following price adjustments in Jan-26.

“Integrated livestock farming earnings should remain mixed, with Peninsular Malaysia layer margins still under pressure from low egg prices, although supported by branded egg contributions, improved productivity in Indonesia and a potential turnaround in Vietnam as egg prices recover,” it said in a note today.

MBSB Investment Bank maintained its “buy” call on QL Resources with a target price of RM4.11 per share.

-- BERNAMA