Business Description:
QL Resources Berhad is a Malaysia-based company engaged in investment holding and provision of management services. The Company operates in three segments:
- marine products manufacturing segment, which is engaged in deep sea fishing, manufacture and sale of fishmeal, surimi and surimi-based products;
- palm oil activities segment, which is engaged in crude palm oil milling and oil palm cultivations, and
- integrated livestock farming segment, which is engaged in the distribution of animal feed raw materials, food related products and livestock farming.
Current Price (7/1//2011): 5.84
2010 Sales 1,476,396,000
Employees: 3,557
Market Cap: 2,307,804,480
Shares Outstanding: 395,172,000
Closely Held Shares: 243,318,301
| Announcement Date | Financial Yr. End | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
| 22-Nov-10 | 31-Mar-11 | 2 | 30-Sep-10 | 438,725 | 36,405 | 8.43 | - | ||||||
| 23-Aug-10 | 31-Mar-11 | 1 | 30-Jun-10 | 384,514 | 28,207 | 6.86 | - | ||||||
| 24-May-10 | 31-Mar-10 | 4 | 31-Mar-10 | 413,024 | 27,695 | 6.45# | - | ||||||
| 22-Feb-10 | 31-Mar-10 | 3 | 31-Dec-09 | 370,133 | 33,674 | 7.80# | - | ||||||
# adjusted for 2010 1/5 Bonus
Estimated EPS for 2011 = 2*15.28 = 30.56 sen
At price of 5.84, it is trading at forward PE = 5.84 / 0.3058 = 19.1 x
Historical
5 Yr
PE range 9.8 - 14.6
DY range 2.5% - 1.7%
10 Yr
PE range 9.2 - 13.8
DY range 2.6% - 1.7%
Year DPS EPS
2000 0.0 1.1
2001 1.0 4.6
2002 1.4 5.0
2003 1.4 6.0
2004 1.4 7.5
2005 2.3 10.0
2006 3.6 12.2
2007 4.1 16.0
2008 3.6 20.4
2009 5.8 22.6
1H10 0.0 15.28 NTA 1.400
Capital Changes
2000 1.4/10 Rights @ RM 1.20
2001 1/2 Bonus
2004 1/4 Bonus, 1 to 2 Share Split
2005 1/3 Bonus
2008 1/2 Bonus
2010 1/5 Bonus
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