QL Resources Berhad: A Look at Its Performance and Growth in 2024
QL Resources Berhad, traded on Bursa Malaysia under the symbol QL, has shown impressive growth over the past year. As of October 2024, the stock price has risen by 29.80%, currently trading around MYR 4.69.
In the last 12 months, QL Resources recorded revenue of MYR 6.67 billion and net income of MYR 452.47 million. The company’s earnings per share (EPS) are reported at MYR 0.12. With a solid return on equity (ROE) of 15.41%, QL continues to demonstrate strong profitability. The stock’s price-to-earnings (PE) ratio of 37.91 reflects its higher valuation compared to competitors in the sector, and it holds a market capitalization of approximately MYR 17.15 billion.
Though QL Resources commands a higher valuation, it remains a key player in the agriculture and food industry. The company operates in several sectors, including marine product manufacturing, livestock farming, and Family Mart convenience stores in Malaysia, contributing to its diversified business model and steady growth. (Stock Analysis) (TradingView).