KUALA LUMPUR (May 29) β QL Resources Bhd (KL:QL) shares jumped in early trade on Friday after its fourth-quarter results came in higher, meeting most analystsβ expectations. The counter rose 22 sen or 6.5% to RM3.62, valuing the integrated agro-based company at approximately RM8.8 billion.
According to a filing with Bursa Malaysia, QL Resources reported a net profit of RM78.5 million for the quarter ended March 31, 2026, up from RM72.1 million a year earlier, driven by stronger contributions from its marine product manufacturing and palm oil activities. Revenue for the quarter rose to RM1.68 billion from RM1.55 billion.
Analysts at CIMB Investment Bank and Kenanga Research maintained their 'buy' calls on the stock, citing the company's diversified business model and resilient earnings. CIMB set a target price of RM4.10, while Kenanga had a target of RM3.95.
For the full financial year ended March 31, 2026, QL Resources posted a net profit of RM305.2 million on revenue of RM6.52 billion, compared with RM280.1 million and RM6.05 billion in the previous year.
