【QL 7084 交流专区】全利资源

icy97

全利资源
便利店展望唱好

2017年11月29日

分析:达证券
目标价：3.26令吉

最新进展

全利资源（QL，7084，主板消费产品股）截至9月30日次季，净利年增18.37%至5980万6000令吉，或每股4.79仙。

同时，营业额报8亿891万2000令吉，年增10.86%。

累计首半年，净利年增10.11%至1亿201万7000令吉；营业额年涨13.45%至15亿8738万5000令吉。

行家建议

公司首半年的净利表现符合预期，分别达到我们和市场全年预测的49%和47%。

截至今日，全利资源在雪兰莪、吉隆坡和云顶地区一共开了28间全家便利店（FamilyMart），公司的目标是计划在2022年前，在全马开足300间。

长远来看，我们正面看待便利店业务的发展，可为公司开拓财源和分散风险。不过，一间全家便利店通常需时多至两年，才能达到收支平衡。

因此，全利资源可能需要较长的一段时间，才能看到便利店业务有积极的贡献。

维持财测和3.26令吉目标价不变，并继续建议卖出该股。我们认为，全利资源目前的股价已远超公司的基本面价值。



【e南洋】



分析：趁低吸纳．全利资源料见高回落

（吉隆坡28日讯）全利资源（QL，7084，主板消费品组）2018财政年第二季净利符合市场预测，分析员料拓展业务产能将能带来利好，另外，预计该公司股价将出现盘整，建议趁低吸纳。

全利资源2018财政年第二季净利符合市场预期，上半年净利录得1亿零200万令吉，符合大华继显研究和市场全年预测，分别达到48%和47%。

达证券研究认为，全利资源旗下3项业务的产能增加，将能驱动2018财政年盈利走扬，分别为海产业务增加年产量至20万公吨或按年增加19%、增加印尼畜牧业务饲料厂产量至24万公吨和成熟油棕树增加继而推高鲜果串产量。

达证券相信，一旦原棕油价格在2018财政年超越每公吨2725令吉，料推高棕油业务的贡献。

“预计海产业务和畜牧业务产量拓展计划快速进行，和全家便利店业务能够更快作出贡献，对该公司将是一大利好。”

大华继显同意，海产业务拓展计划能够驱动该公司在2019财政年的盈利表现。

达证券指出，至今为止，全利资源已在雪兰莪、吉隆坡和云顶共开设28间全家便利店，比该公司预测在2017年开设10间的目标多；该公司放眼在2022年共开设300间。

便利店需时两年收支平衡

该行正面看待全利资源此项投资，料长期分散该公司面对的风险。“不过，全家便利店需时至少两年，才能带来收支平衡，因此，尚有一段时间始能看到此业务作出贡献。”

大华继显认为，近期马币走强，仅对全利资源以美元计购买的饲料原料和出口的海产品带来微幅影响，主要是该公司已有自然护盘。

大华继显指出，全利资源拥有稳固的基本面和特殊的业务模式，相信目前的股价属于合理水平。

该行补充，该公司今年至今已大涨20%，料将出现盘整，建议入市价为3令吉70仙。

达证券也相信，全利资源目前的股价已经超越其基本面。



文章来源：
星洲日报‧财经‧报道：刘玉萍‧2017.11.28

icy97

多元发展上轨．全利长期看俏

（吉隆坡20日讯）全利资源（QL，7084，主板消费品组）海产、种植、牲畜和便利商店多元发展政策上轨，肯纳格研究看好集团长期前景，但相信现有股价已充份反映利多。

肯纳格研究与全利资源管理层会晤，发现集团扩大海事和牲畜环节产能等长期发展策略上轨，对集团长期增长前景依旧乐观。

全利资源2018财政年上半年海事产品制造（MPM）营业额企稳于4亿3270万令吉，但税前盈利和赚益却按年下挫15%，归咎于渔获量减少导致鱼肉酱进口增加，但管理层有信心下半年表现将更好。

肯纳格研究说，全利资源新厂有望在2018财政年杪投入运作，相信新增产能将可扶持集团长期前景。

同时，全利资源现有90%种植地位于印尼，其中60%已处于高产的成熟期，管理层相信2018财政年鲜果串产量可能藉此出现30%增幅。

2021年前设300便利店
料可达标

至于牲畜业务，半岛鸡蛋市场拥挤，但东马、印尼和越南市场价格稳定将扶持全利资源相关业务表现，而集团短期也将在区域建设新饲料厂，并在2018财政年扩大越南产能30%。

肯纳格研究透露，全利资源现已开始30家全家便利店，较2018财政年杪目标为快，反映出全家便利店获得市场正面回响，有望加快展店步伐。

“我们相信全利资源可能在2021财政年前即达到300家全家便利店目标，而集团中央厨房现虽有组的空间来满足分店网络扩展需求，但管理层已准备在中期新建设施来应付分店数量扩增需求。”

综合以上，肯纳格研究相信全利资源杠杆化多元业务将削减特定环节疲弱影响，看好集团显著市场地位依旧完好，现是收割5年扩张计划的投资成果的时候。

“不过，尽管油棕种植活动日趋活跃，但对全利资源获利贡献不足10%，而且贡献比重也可能不会显著增加，因此我们维持集团财测不变。”

但肯纳格研究认为，全利资源股价已普遍反映利多，因此下调评级至“落后大市”，但却调告目标价至3令吉90仙。

文章来源：
星洲日报‧财经‧报道：洪建文‧2017.12.20

icy97

全利估值高昂建议卖出

2018年1月20日

分析：马银行投行研究
目标价：4.00令吉

最新进展：

截至去年9月30日次季，全利资源（QL，7084，主板消费产品股）净利年增18.37%至5980万6000令吉，或每股4.79仙。

营业额则年增10.86%，报8亿891万2000令吉。

累计首半财年，净利年增10.11%至1亿201万7000令吉；营业额年涨13.45%至15亿8738万5000令吉。

行家建议：

核心净利方面，我们预计今财年增长可达12%。而未来两财年的全年净利增长预测为13%和9%。

本财年海产产品制造业务的表现可能会较差，因为埃尔尼诺气候（El Nino）影响尤其亚庇的渔获，以及生产成本的提高。

不过，我们相信棕油和综合家畜业务应会支撑净利表现。

另外，全利资源计划在未来5年于我国开设300家的全家便利店。我们中和看待公司便利店业务的短期前景，长远来看，则要看全家便利店与其同行有何不同之处。

公司股价现处于2019年本益比的近30.8倍水平，我们认为全利资源目前估值高昂。因此，将投资评级由“守住”下修至“卖出”，但将目标价上修至4.00令吉。



【e南洋】

icy97

QL RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	CBG (L) PTE LTD
Address	Brumby Centre, Lot 42, Jalan Muhibbah Labuan 87000 Wilayah Persekutuan Malaysia.
Company No.	LL13979
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary share
Name & address of registered holder	CIMSEC Nominees (Tempatan) Sdn. Bhd. (CIMB for CBG (L) Pte Ltd)14th Floor, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	22 Jan 2018
No of securities	682,554,573
Circumstances by reason of which Securities Holder has interest	Transfer of shares from CBG Holdings Sdn. Bhd.
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	682,554,573
Direct (%)	42.07
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	22 Jan 2018
Date notice received by Listed Issuer	22 Jan 2018

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

QL RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	CBG HOLDINGS SDN. BHD.
Address	No. 16A, Jalan Astaka U8/83, Bukit Jelutong Shah Alam 40150 Selangor Malaysia.
Company No.	116910-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary share
Date of cessation	22 Jan 2018
Name & address of registered holder	CIMSEC Nominees (Tempatan) Sdn. Bhd. (CIMB for CBG Holdings Sdn. Bhd.)14th Floor, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur

No of securities disposed	682,554,573
Circumstances by reason of which a person ceases to be a substantial shareholder	Transfer of shares to CBG (L) Pte Ltd
Nature of interest	Direct Interest
Date of notice	22 Jan 2018
Date notice received by Listed Issuer	22 Jan 2018

icy97

全利资源第三季赚5786万

2018年2月27日
（吉隆坡26日讯）全利资源（QL，7084，主板消费产品股）截至12月31日第三季净利按年增加3.24%，并谨慎乐观看待末季业绩将持续增长。

根据文告，第三季净赚5785万5000令吉或每股3.57仙，上财年同季则达5603万8000令吉或3.45仙，主要归功于综合家畜业务（ILF）税前盈利增加47%。

海产产品制造（MPM）和棕油业务税前盈利，则分别按年下跌14%和0.1%。

全利资源第三季营业额按年增长11.63%，达8亿9202万令吉，因为三项业务皆录得营业额增长。

合计首九个月，净利按年提高7.52%，达1亿5987万令吉或每股9.85仙；营业额则攀升12.79%，达24亿7940万令吉。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	892,018	799,063	2,479,403	2,198,296
2	Profit/(loss) before tax	77,818	75,416	199,428	198,922
3	Profit/(loss) for the period	63,097	61,126	169,584	158,309
4	Profit/(loss) attributable to ordinary equity holders of the parent	57,855	56,038	159,872	148,687
5	Basic earnings/(loss) per share (Subunit)	3.57	3.45	9.85	9.16
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1000		1.0800

icy97

股价上涨 估值变贵
全利资源评级下修

2018年3月9日
（吉隆坡9日讯）全利资源（QL，7084，主板消费产品股）最新业绩符合预期，未来表现也看涨，但估值已变得更昂贵，促使分析员将投资评级下修至“全面反映”。

全利资源第三季净利达5790万令吉，按年扬升3%，将首9个月净利推高至1.6亿令吉。

安联星展研究分析员指出，综合家畜业务（ILF）表现比预期好，因为鸡蛋价格在当季企稳在33仙，回顾去年同期仅31仙。

综合家畜业务营业额走高9%，归功于印尼和东马家禽销售增加。税前盈利激增47%，至2800万令吉，因鸡蛋价格改善。

根据大马兽医服务局（DVS），今年1月至2月的鸡蛋价格已经进一步扬至35仙。

另外，全利资源旗下海产制造业务营业额走高16%，至2.66亿令吉，不过税前盈利则跌14%，报3900万令吉。

这主要归咎于埃尔尼诺气候结束后，在大马海域捕获的鱼量减少，特别是亚庇。

另外，全利资源已与日本全家公司签署区域特许经营合约，要在5年内开设300家店面。

截至2018财年第三季，该公司已开设了37家店面，2019财年的目标是开设超过60家店面。

从该公司积极开设店面的速度来看，分析员相信，全利资源极有可能在2019财年杪就达至原定目标。然而，近期的净利贡献微乎其微，因为还需要经历2至3年的缓冲期。

长期来看，则要取决于全家如何从各大竞争者如大马7-11控股（SEM，5250，主板贸服股）和MYNEWS控股（MYNEWS，5275，主板贸服股）之中找到定位。

虽然分析员持续青睐该股旗下多元化的业务和长期增长前景，但相信估值已经随着近期的涨势而变得昂贵，故将投资评级下调至“全面反映”。



家畜业末季复苏

MIDF研究分析员相信，该股在末季将持续交出称心业绩，主要推力为复苏的综合家畜业务，归功于令吉升值。惟捕鱼量减少将继续冲击海产制造业务。

分析员将评级维持在“中和”，但将目标价格上修至4.74令吉。【e南洋】

icy97

Date of change	01 Apr 2018
Name	DR CHIA SONG KUN
Age	69
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Managing Director
New Position	Chairman
Directorate	Executive
Qualifications	- Bachelor of Science (Honours) degree majoring in Mathematics from the University of Malaya, 1973.  - Masters in Business Administration from the University of Malaya, 1988.
Working experience and occupation	Dr. Chia  started his career as a tutor and subsequently joined University Teknologi Mara as a lecturer where he served for 11 years until 1984.Dr. Chia orchestrated the listing of QL Resources Berhad in year 2000, now, a multinational agro-food corporation, which encompassed the trading in fish meal and feed meal raw material businesses that he and his brothers founded in year 1985. He is a founding member of INTI Universal Holdings Berhad, which operates one of the leading private university colleges in Malaysia. On 5 July 2008, he was conferred the honorary degree of Doctor of Laws (Hon LLD) by the Honorary Awards Board of the University of Hertfordshire in recognition of his outstanding contribution to the development of business and education in Malaysia. Dr Chia is the Chairman of Boilermech Holdings Berhad, a company listed on the ACE Market of Bursa Malaysia Securities Berhad on 5 May 2011, which was transferred to the Main Market on 4 December 2014.
Family relationship with any director and/or major shareholder of the listed issuer	-Father of Mr Chia Lik Khai.-Brother of Mr Chia Song Swa and Mr Chia Song Kooi. -Brother-in-law of Mr Chia Seong Pow and Mr Chia Seong Fatt.-Director and substantial shareholder of CBG (L) Pte Ltd, a major shareholder of QL Resources Berhad
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest- 877,500 ordinary sharesIndirect interests held by:-1) CBG (L) Pte Ltd - 682,554,573 ordinary shares2) Ruby Technique Sdn. Bhd.-837,990 ordinary shares3) Song Bak Holdings Sdn. Bhd. (formerly known as Attractive Features Sdn. Bhd.) - 5,908,500 ordinary shares4) Spouse - 4,610,300 ordinary shares5) Children- 1,815,885 ordinary shares

Date of change	01 Apr 2018
Name	MR CHIA SONG KOOI
Age	58
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Deputy Managing Director
New Position	Managing Director
Directorate	Executive
Qualifications	Bachelor of Agricultural Science from University Putra Malaysia,1985.
Working experience and occupation	Mr Chia began his career with Ancom Berhad, a company listed on the Main Market of the Bursa Malaysia Securities Berhad, as a Marketing Executive for agro-chemical products and eventually headed the Product and Market Development Division in 1987.         He 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. He is overall in charge of the groups operations in Kota Kinabalu since 1990.
Family relationship with any director and/or major shareholder of the listed issuer	Brother of Mr Chia Song Swa and Dr Chia Song Kun.
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest- 1,131,000 ordinary sharesIndirect interest held by spouse- 3,173,040 ordinary shares

Date of change	01 Apr 2018
Name	MR CHIA SONG SWA
Age	58
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Internal re-organisation in compliance with MCCG2017. Mr Chia Song Swa will be re-appointed as an alternate director to Mr Chia Mak Hooi.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	Degree in Chemistry and Statistics from the University of Campbell, USA.
Working experience and occupation	Mr Chia Song Swa began his career at Genting Berhad, a company listed on the Bursa Malaysia Securities Berhad as a Management Trainee in 1984 and served for 2 years. In 1987 he joined QL Feedingstuffs Sdn. Bhd. as a sales executive and was appointed as a director of QL Feedingstuffs Sdn. Bhd. on 22 June 1987. In line with the transfer of business from QL Feedingstuffs Sdn. Bhd. to QL Feed Sdn. Bhd., he was appointed as the director in charge of sales and trading function at QL Feed Sdn. Bhd. As a result of his vast experience in feed raw material distribution, he has helped the Company to establish a very strong distribution network.
Family relationship with any director and/or major shareholder of the listed issuer	Brother of Dr. Chia Song Kun and Mr Chia Song Kooi.
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest- 737,100 ordinary sharesIndirect interests held by spouse- 1,810,000 ordinary shares

Date of change	01 Apr 2018
Name	MR CHIA SEONG POW
Age	63
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Internal re-organisation in compliance with MCCG2017. Mr Chia Seong Pow will be re-appointed as an alternate director to Mr Chia Seong Fatt.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	Diploma in Building Technology, Tunku Abdul Rahman College.
Working experience and occupation	Mr Chia Seong Pow is one of the founder members of QL Group. He joined CBG Holdings Sdn. Bhd., a substantial shareholder of QL, as Marketing Director in 1984. He has more than 25 years of experience in the livestock and food industry covering layer farming, manufacturing, trading and shipping.Currently, he is mainly in charge of layer farming, regional merchanting trade in food grains as well as new business developments.Majority of the Groups new expansion programmes were initiated by him.Mr Chia was appointed as a director of EITA Resources Berhad on 1 March 2017, a company listed on the Main Market of the Bursa Malaysia Securities Berhad on 9 April 2012. EITA group of companies is involved in the distribution and manufacturing of electrical related products.
Family relationship with any director and/or major shareholder of the listed issuer	Brother of Mr. Chia Seong Fatt and brother-in-law to Dr. Chia Song Kun. Director and beneficial shareholder of Farsathy Holdings Sdn. Bhd., a major shareholder of QL Resources Berhad.
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest-2,860,000 ordinary sharesIndirect interests held by:-1) Farsathy Holdings Sdn. Bhd.- 195,954,863 ordinary shares2) Ruby Technique Sdn. Bhd.-837,990 ordinary shares3) Spouse- 2,340,000 ordinary shares4) Children- 829,778 ordinary shares

Date of change	01 Apr 2018
Name	MR CHIA LIK KHAI
Age	40
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Internal re-organisation in compliance with MCCG2017. Mr Chia Lik Khai will be re-appointed as an alternate director to Mr Cheah Juw Teck.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	-MBA program of Wharton Business School, University of Pennsylvania, United States of America ("USA").-Master of Science and Bachelor of Science in Electrical Engineering from University of Michigan, Ann Arbor, USA.
Working experience and occupation	Prior to joining QL Resources Berhad and Group, Mr Chia Lik Khai was with McKinsey & Company in Shanghai, where he was an affiliate of Global Energy & Materials and High-Tech practice. During his tenure there, he focused on serving global clients in renewable energy, consumer products and high-tech sectors on strategy, mergers and acquisitions as well as sales and marketing. He also possesses extensive management experience in high-tech, telecommunications and internet commerce. He spent eight (8) years in the semiconductor industry with Agilent and Avago Technologies in Silicon Valley, where he assumed multiple roles as R&D staff, New Product Manager and Marketing Manager.  He subsequently joined QL Resources Berhad as Group Corporate Development Director and was appointed as the Executive Director of a few subsidiaries of QL Resources Berhad in 2009. He oversees the group strategic business planning and expansion.  Mr Chia is also the Deputy Managing Director of Boilermech Holdings Berhad, a company listed on the Main Market of Bursa Malaysia Securities Berhad.
Family relationship with any director and/or major shareholder of the listed issuer	Son of Dr. Chia Song Kun.
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest-1,768,100 ordinary sharesIndirect interests held by spouse- 190,320 ordinary shares

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Date of change	01 Apr 2018
Name	YM TENGKU DATO' ZAINAL RASHID BIN TENGKU MAHMOOD
Age	79
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Retirement
Qualifications	Master of Business Administrations, Syracuse University, USA.
Working experience and occupation	YM Tengku has a wide range of experience, having been actively involved in a variety of business over the last 40 years. He began his business career with the Harper Gilfillan Group (a diversified British organisation) in the early 1960s and retired as the Group Managing Director of Harper Wira Sdn. Bhd. Currently, he is the Executive Chairman of K-Line Maritime (Malaysia) Sdn. Bhd., a Malaysian-Japanese joint-venture company with K-Line Tokyo, one of the biggest Japanese shipping company. He also sits on the boards of several other companies. Apart from managing various companies, YM Tengku is also actively involved in the affairs of maritime related organisations.He was the Chairman of the International Shipowners Association of Malaysia (ISOA) and the past president of I.C.H.C.A. Malaysian chapter. He also sat on the Boards of Klang and Kuantan Port Authorities for more than a decade.In addition to maritime bodies, YM Tengku is also an active participant in the affairs of Chambers of Commerce. He is the past President of the Malaysian International Chamber of Commerce and Industry (MICCI) and a Vice-President of the National Chamber of Commerce and Industry of Malaysia (NCCIM). At the ASEAN level, he was the Malaysia Chairman of the ASEAN Chambers of Commerce and Industry. YM Tengku was also on the board of MIDA, a Council Member of the Malaysia-India Business Council and the Malaysian Norway Business Council and a Director of Port Klang Free Zone Sdn. Bhd.YM Tengku is also the Hononary Consul of Norway.
Family relationship with any director and/or major shareholder of the listed issuer	None.
Any conflict of interests that he/she has with the listed issuer	None.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 5,031,000 ordinary shares

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Type	Announcement
Subject	OTHERS
Description	New subsidiary - QL Farms (Tay Ninh) Liability Limited Company
The Board of Directors of QL Resources Berhad (“QL”) wishes to announce that Department of Planning and Investment of Tay Ninh Province, Socialist Republic of Vietnam had on 10 April 2018 issued an Enterprise Registration Certificate, which was received by QL’s wholly owned subsidiary, QL Feedingstuffs Sdn. Bhd. (“QLF”) on 13 April 2018, for the incorporation by QLF of a new wholly-owned subsidiary known as QL Farms (Tay Ninh) Liability Limited Company (“QLFTN”), in Vietnam. The chartered capital of QLFTN is VND113,500,000,000 equivalent to USD5,000,000 and its principal activity is to build up and operate a farm for chicken eggs, chicken meat and fertilizers from chicken manure. The investment in QLFTN will be financed via internally generated funds and borrowings. The incorporation of QLFTN is in line with the QL Group’s strategy to expand its integrated livestock farming division overseas. The incorporation shall not have any effect on the issued and paid up capital of QL and no material effect on the net tangible assets, gearing and earnings of the Group for the financial year ended 31 March 2018. The incorporation of new subsidiary is not subject to any approvals from regulatory bodies or the shareholders of QL. The Directors of QL are of the opinion that the above incorporation are in the best interest of QL. None of the Directors or substantial shareholders of QL, or persons connected to such Directors or substantial shareholders has any interest, direct or indirect, in the above transaction. This announcement is dated 13 April 2018.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	784,427	813,730	3,263,830	3,012,026
2	Profit/(loss) before tax	55,893	61,589	255,321	260,511
3	Profit/(loss) for the period	46,098	48,511	215,682	206,820
4	Profit/(loss) attributable to ordinary equity holders of the parent	46,364	47,234	206,236	195,921
5	Basic earnings/(loss) per share (Subunit)	2.86	2.91	12.71	12.08
6	Proposed/Declared dividend per share (Subunit)	4.50	4.25	4.50	7.25
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1100		1.0800

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3大业务2020放光芒　全利受追捧盘中飆涨

財经 最后更新 2018年06月11日 21时21分
（吉隆坡11日讯）虽然全利资源（QL，7084，主板消费股）所经营的海產、棕油和家禽饲养业务皆面对不同的挑战，但分析员看好各个业务將渐入佳境，並可在2020財政年大放光芒。

全利资源今天获得投资者追捧，股价盘中一度急升16仙或2.82%，至全天最高的5.83令吉，惟终场收窄涨幅，以5.77令吉掛收，全天起10仙或1.76%，成交量是133万股。

肯纳格研究分析员表示，与全利资源管理层会面之后，他相信该公司所执行的长远策略相当顺利。其海產製造业务將迎来美好的一年。

即使海產製造业务2018財政年的销售上升3%，但税前盈利却下跌15%。

鱼获减少导致公司必须进口更多鱼来生產鱼糜。

分析员指出， 隨著天气好转，管理层期待较高的鱼获量可提高赚幅，尤其是霹雳半港的鱼糜厂已正式运作。

「海產业务的盈利赚幅从2017財政年的16.7%跌至2018財政年的13.7%。而2020年东京奥运会即將到来之际，该公司將考虑通过合作方式来满足当地的市场需求，进而提振2020財政年的业绩。」

棕油业务方面，分析员说，由於该公司的油棕树有60%已经来到盛產期，管理层期盼棕果串（FFB）成长15%。短期而言，其中30%年龄较低的油棕树也將贡献棕果串。

他补充，管理层预测2019財政年的棕油价介于每公吨2350令吉至2450令吉。这与他今年所预测的平均价每公吨2400令吉相符。

至於家禽饲养业务，分析员称，由於鸡蛋供应商持续提高產量，导致半岛的鸡蛋市场拥挤。再看家禽饲料业务近期的业绩，肉鸡销售疲弱的表现拖累了印尼业务的业绩。

「不过，管理层预计其他市场如东马和越南会保持稳定。因此，越南养鸡场和饲料厂的扩建工程料对全利资源有利。」

便利店2020赚钱

另一方面，该公司仍持续增设全家便利店（Family Mart），分析员提到，该公司目前已经开了49家分店，可如期达到2018財政年所定下的目標。

管理层將在2019財政年再开50家分店，以实现2022財政年的300家分店目標。

「虽然便利店业务难以在2019財政年收支平衡，管理层预计从2020財政年起才会赚钱，届时的便利店总数是120家。」

无论如何，分析员强调，即使全利资源涉及的各个领域皆面对挑战，但他乐观看待其营收成长。因该公司的收入来源多元及来自不同区域。

他也指出，该公司在其5年计划下作出庞大投资，是为了长远获利铺路，並以强大的竞爭力保持市场领先地位。但他现在维持其净利预测。

肯纳格研究维持全利资源的「超越大市」评级和3.90令吉目標价，因为该公司的基本面虽强稳，但基本上已反映在其估值，而且股息也偏低。【东方网财经】

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QL RESOURCES BERHAD

EX-date	06 Sep 2018
Entitlement date	12 Sep 2018
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single tier dividend of 4.50 sen per ordinary share
Period of interest payment	to
Financial Year End	31 Mar 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Tricor Investor & Issuing House Services Sdn. Bhd.Unit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi, 59200 Kuala LumpurTel: 03-27839299Fax: 03-27839222
Payment date	20 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12 Sep 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.045

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	816,175	778,473	816,175	778,473
2	Profit/(loss) before tax	51,178	49,763	51,178	49,763
3	Profit/(loss) for the period	43,656	43,492	43,656	43,492
4	Profit/(loss) attributable to ordinary equity holders of the parent	43,862	42,032	43,862	42,032
5	Basic earnings/(loss) per share (Subunit)	2.70	2.59	2.70	2.59
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1500		1.1100

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Type	Announcement
Subject	OTHERS
Description	PROPOSED DISPOSAL OF 51 ORDINARY SHARES OF USD1.00 EACH, REPRESENTING 51% OF THE TOTAL ISSUED AND PAID-UP SHARES IN KEMBANG SUBUR INTERNATIONAL LTD. HELD BY KEMBANG SUBUR SDN. BHD., SUBSIDIARY OF QL (THE DISPOSAL)
The Board of Directors of QL Resources Berhad ("QL" or "the Company") wishes to announce that that its subsidiary, Kembang Subur Sdn. Bhd. had on 23 October 2018 enter into a Sale and Purchase Agreement with Hisenor International Limited to dispose fifty one (51) ordinary shares of USD1.00 each,  representing 51% of the total issued and paid up shares in Kembang Subur International Ltd. for a total consideration of USD63,750.00. Please refer to the attachment for details of the announcement. This announcement is dated 23 October 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5950949

Attachments Disposal of shs_2018.10.23.pdf

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全利资源次季多赚11%
http://www.enanyang.my/news/20181127/全利资源次季多赚11/

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	920,255	808,912	1,736,430	1,587,385
2	Profit/(loss) before tax	66,999	65,537	118,177	115,300
3	Profit/(loss) for the period	61,486	57,463	105,142	100,955
4	Profit/(loss) attributable to ordinary equity holders of the parent	60,517	54,663	104,379	96,695
5	Basic earnings/(loss) per share (Subunit)	3.73	3.37	6.43	5.96
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.7300		2.7000

业绩报捷-盘中一度扬15仙-券商：全利当前股价太贵
http://www.chinapress.com.my/20181127/业绩报捷-盘中一度扬15仙-券商：全利当前股价太贵/