Declared Dividend • Mar 01
Dividend of RM0.025 announced Shareholders will receive a dividend of RM0.025. Ex-date: 12th March 2026 Payment date: 27th March 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Third quarter 2026 earnings released: EPS: RM0.033 (vs RM0.035 in 3Q 2025) Third quarter 2026 results: EPS: RM0.033 (down from RM0.035 in 3Q 2025). Revenue: RM1.80b (down 1.1% from 3Q 2025). Net income: RM120.2m (down 4.6% from 3Q 2025). Profit margin: 6.7% (down from 6.9% in 3Q 2025). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
Second quarter 2026 earnings released: EPS: RM0.032 (vs RM0.035 in 2Q 2025) Second quarter 2026 results: EPS: RM0.032 (down from RM0.035 in 2Q 2025). Revenue: RM1.73b (down 7.9% from 2Q 2025). Net income: RM116.2m (down 9.4% from 2Q 2025). Profit margin: 6.7% (down from 6.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
First quarter 2026 earnings released: EPS: RM0.028 (vs RM0.029 in 1Q 2025) First quarter 2026 results: EPS: RM0.028 (down from RM0.029 in 1Q 2025). Revenue: RM1.72b (up 6.0% from 1Q 2025). Net income: RM100.6m (down 6.4% from 1Q 2025). Profit margin: 5.9% (down from 6.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 29
QL Resources Berhad to Report Q1, 2026 Results on Aug 27, 2025 QL Resources Berhad announced that they will report Q1, 2026 results on Aug 27, 2025 Announcement • Aug 28
QL l Resources Berhad Approves Final Single Tier Dividend for the Financial Year Ended March 31, 2025 QL Resources Berhad held its AGM on August 28, 2025 approved the payment of a final single tier dividend of 2.50 sen per ordinary share in respect of the financial year ended 31 March 2025. Declared Dividend • Jul 30
Final dividend of RM0.025 announced Shareholders will receive a dividend of RM0.025. Ex-date: 10th September 2025 Payment date: 23rd September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 40%. Cash payout ratio: 30%. Announcement • Jul 28
QL Resources Berhad, Annual General Meeting, Aug 28, 2025 QL Resources Berhad, Annual General Meeting, Aug 28, 2025, at 10:00 Singapore Standard Time. Location: ballroom 1, level 10, courtyard by marriott setia alam, no. 6, jalan setia dagang ah u13/ah, setia alam, seksyen u13, 40170 shah alam, selangor darul ehsan, Malaysia Announcement • Jun 12
QL Resources Berhad Proposes Final Single Tier Dividend for the Year Ended March 31, 2025 The Directors of QL Resources Berhad have proposed a final single tier dividend of 2.50 sen per share totaling of approximately MYR 91.3 million in respect of the year ended 31.3.2025, subject to the approval of the shareholders at the forthcoming Annual General Meeting. Reported Earnings • May 30
Full year 2025 earnings released: EPS: RM0.13 (vs RM0.12 in FY 2024) Full year 2025 results: EPS: RM0.13 (up from RM0.12 in FY 2024). Revenue: RM7.07b (up 6.3% from FY 2024). Net income: RM455.6m (up 4.1% from FY 2024). Profit margin: 6.4% (down from 6.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 30
QL Resources Berhad to Report Q4, 2025 Results on May 29, 2025 QL Resources Berhad announced that they will report Q4, 2025 results on May 29, 2025 Reported Earnings • Mar 01
Third quarter 2025 earnings released: EPS: RM0.035 (vs RM0.034 in 3Q 2024) Third quarter 2025 results: EPS: RM0.035 (up from RM0.034 in 3Q 2024). Revenue: RM1.82b (up 6.2% from 3Q 2024). Net income: RM126.0m (up 1.9% from 3Q 2024). Profit margin: 6.9% (down from 7.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
Second quarter 2025 earnings released: EPS: RM0.035 (vs RM0.034 in 2Q 2024) Second quarter 2025 results: EPS: RM0.035 (up from RM0.034 in 2Q 2024). Revenue: RM1.87b (up 11% from 2Q 2024). Net income: RM128.3m (up 4.6% from 2Q 2024). Profit margin: 6.8% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to RM4.71, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 14x in the Food industry in Malaysia. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM4.41 per share. Upcoming Dividend • Sep 03
Upcoming dividend of RM0.035 per share Eligible shareholders must have bought the stock before 10 September 2024. Payment date: 23 September 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (2.7%). Announcement • Aug 29
QL Resources Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 March 2024 QL Resources Berhad announced that at the Annual General Meeting held on 29 August 2024, approved the payment of a final single tier dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2024. Reported Earnings • Aug 03
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: RM0.18 (up from RM0.14 in FY 2023). Revenue: RM6.65b (up 6.6% from FY 2023). Net income: RM437.9m (up 26% from FY 2023). Profit margin: 6.6% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 29
Final dividend of RM0.035 announced Shareholders will receive a dividend of RM0.035. Ex-date: 10th September 2024 Payment date: 23rd September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 26
QL Resources Berhad, Annual General Meeting, Aug 29, 2024 QL Resources Berhad, Annual General Meeting, Aug 29, 2024, at 10:00 Singapore Standard Time. Location: at ql training hall, no. 16a, jalan astaka u8/83, bukit jelutong, 40150 shah alam, selangor, Malaysia Announcement • Jul 10
QL Resources Berhad Resources Berhad Appoints Lim Keat See as Company Secretary QL Resources Berhad announced the appointment of LIM KEAT SEE as Company Secretary. Date Of Change July 10, 2024. Reported Earnings • Jun 04
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: RM0.18 (up from RM0.14 in FY 2023). Revenue: RM6.68b (up 7.0% from FY 2023). Net income: RM437.8m (up 26% from FY 2023). Profit margin: 6.6% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (2.7%). Announcement • Mar 01
QL Resources Berhad Announces Redesignation of Chia Song Kooi as Group Chief Executive Officer from Group Managing Director, Effective March 1, 2024 QL Resources Berhad announced redesignation of Mr. Chia Song Kooi as Group Chief Executive Officer from Group Managing Director. Date of change is March 1, 2024. Age is 64. Qualifications: Agricultural Science from University Putra Malaysia. Working experience and occupation: Mr. Chia Song Kooi began his career as a Product and Market Development Executive for agro-chemical products with Ancom Berhad, a company listed on the Main Market of the Bursa Malaysia Securities Berhad and eventually headed the Product and Market Development Division in 1987. Mr. Chia joined QL Feedingstuffs Sdn. Bhd. as an Executive Director on 21 September 1988. He has more than 20 years of experience in farm management and in trading of raw materials for farm use, as well as more than 10 years of experience in marine products processing. He was the Deputy Chairman of Sabah Livestock Poultry Association from 2012 to 2016. In view of the restructuring of the QL Group, he has resigned as a Director of QL Feedingstuffs Sdn. Bhd. and has been re-appointed in year 2017. Prior to being the Group Managing Director, he was overall in charge of the groups operations in Kota Kinabalu since 1990 to 2016. This announcement is further to the general announcement made on 29 February 2024 in relation to the internal re-organisation in compliance with MCCG 2021 whereby Mr. Chia Song Kooi will be re-designated to Group Chief Executive Officer. Reported Earnings • Nov 30
Second quarter 2024 earnings released: EPS: RM0.05 (vs RM0.039 in 2Q 2023) Second quarter 2024 results: EPS: RM0.05 (up from RM0.039 in 2Q 2023). Revenue: RM1.69b (up 3.2% from 2Q 2023). Net income: RM122.6m (up 31% from 2Q 2023). Profit margin: 7.3% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 01
Upcoming dividend of RM0.035 per share at 1.3% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (3.8%). Announcement • Aug 31
QL Resources Berhad Approves Final Single Tier Dividend for the Year Ended March 31, 2023 QL Resources Berhad announced that at its AGM held on August 30, 2023, shareholders approved the final single tier dividend of 3.50 sen per ordinary share in respect of the financial year ended March 31, 2023. Reported Earnings • Aug 30
First quarter 2024 earnings released: EPS: RM0.038 (vs RM0.034 in 1Q 2023) First quarter 2024 results: EPS: RM0.038 (up from RM0.034 in 1Q 2023). Revenue: RM1.60b (up 5.1% from 1Q 2023). Net income: RM92.8m (up 13% from 1Q 2023). Profit margin: 5.8% (up from 5.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 29
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: RM0.14 (up from RM0.089 in FY 2022). Revenue: RM6.24b (up 19% from FY 2022). Net income: RM346.8m (up 60% from FY 2022). Profit margin: 5.6% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 28
QL Resources Berhad, Annual General Meeting, Aug 30, 2023 QL Resources Berhad, Annual General Meeting, Aug 30, 2023, at 10:00 China Standard Time. Location: Saujana Ballroom, Saujana Resort, Jalan Lapangan Terbang SAAS, 40150 Shah Alam Selangor Darul Ehsan Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Directors' and Auditors' Report thereon; to approve the payment of a final single tier dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2023; to consider directorate reelections; to re-appoint Messrs. KPMG PLT as the auditors of the Company and to authorize the Directors to fix their remuneration; to approve the additional payment of fees to Directors up to MYR 292,000 following the restructuring of the Board Committees and proposed increase in fees to Directors from December 2022; and to consider other matters. Announcement • Jul 27
QL Resources Berhad Announces Final Single Tier Dividend for the Year Ended 31 March 2023, Payable on 22 September 2023 QL Resources Berhad announced final single tier dividend of 3.50 sen per ordinary share for the year ended 31 March 2023. Ex-Date is 08 September 2023. Entitlement date is 11 September 2023. Payment Date is 22 September 2023. Announcement • May 31
QL Resources Berhad to Report Q4, 2023 Results on May 30, 2023 QL Resources Berhad announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • May 31
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: RM0.14 (up from RM0.089 in FY 2022). Revenue: RM6.26b (up 20% from FY 2022). Net income: RM346.8m (up 60% from FY 2022). Profit margin: 5.5% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.035 per share at 0.6% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (3.8%). Reported Earnings • Mar 01
Third quarter 2023 earnings released: EPS: RM0.04 (vs RM0.025 in 3Q 2022) Third quarter 2023 results: EPS: RM0.04 (up from RM0.025 in 3Q 2022). Revenue: RM1.63b (up 16% from 3Q 2022). Net income: RM97.2m (up 63% from 3Q 2022). Profit margin: 6.0% (up from 4.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
QL Resources Berhad Announces Single Tier Interim Dividend for the Financial Year Ended March 31, 2023, Payable on March 29, 2023 QL Resources Berhad announced single tier interim dividend of MYR 0.0350 per ordinary share for the financial year ended March 31, 2023, payable on March 29, 2023. Ex-Date is 14 March 2023. Entitlement date is 15 March 2023. Reported Earnings • Dec 03
Second quarter 2023 earnings released: EPS: RM0.039 (vs RM0.019 in 2Q 2022) Second quarter 2023 results: EPS: RM0.039 (up from RM0.019 in 2Q 2022). Revenue: RM1.64b (up 31% from 2Q 2022). Net income: RM93.9m (up 104% from 2Q 2022). Profit margin: 5.7% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 01
QL Resources Berhad to Report Q2, 2023 Results on Nov 29, 2022 QL Resources Berhad announced that they will report Q2, 2023 results on Nov 29, 2022 Price Target Changed • Dec 01
Price target increased to RM5.90 Up from RM5.50, the current price target is an average from 11 analysts. New target price is 5.3% above last closing price of RM5.60. Stock is up 18% over the past year. The company is forecast to post earnings per share of RM0.13 for next year compared to RM0.089 last year. Major Estimate Revision • Nov 30
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from RM5.72b to RM6.08b. EPS estimate increased from RM0.12 to RM0.13 per share. Net income forecast to grow 28% next year vs 11% decline forecast for Food industry in Malaysia. Consensus price target up from RM5.50 to RM5.88. Share price was steady at RM5.57 over the past week. Upcoming Dividend • Sep 02
Upcoming dividend of RM0.035 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (3.5%). Reported Earnings • Jul 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.089 (down from RM0.13 in FY 2021). Revenue: RM5.24b (up 20% from FY 2021). Net income: RM217.3m (down 30% from FY 2021). Profit margin: 4.2% (down from 7.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 4.6%, compared to a 3.3% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 29
QL Resources Berhad, Annual General Meeting, Aug 30, 2022 QL Resources Berhad, Annual General Meeting, Aug 30, 2022, at 10:00 China Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2022 together with the Directors' and Auditors' Report thereon; to consider directorate reelections; to approve the proposed payment of fees to Directors amounting to MYR 1,308,000 from 1 September 2022 until the next Annual General Meeting, and further, to authorize the Directors to apportion the fees and make payment in the manner as the Directors may determine; and to consider other matters. Announcement • Jul 28
QL Resources Berhad Announces Final Single Tier Dividend for the Financial Year Ended March 31, 2022, Payable on September 23, 2022 QL Resources Berhad announced final single tier dividend of 3.50 sen per ordinary share for the financial year ended March 31, 2022, payable on September 23, 2022. Ex-Date is September 09, 2022. Entitlement date is September 12, 2022. 
