Monday, December 23, 2013

QL - Strong Growth on next three years

Observers expect the group’s continuous expansion in Indonesia, solid market share and consistently strong margins at the marine product manufacturing segment to drive earnings growth.

MPM remains the group’s main earnings driver with major expansion completed in Indonesia and ongoing expansion at the Hutan Melintang plant.

More M&A’s in the MPM segment are expected in order for the group to gain market share and expand its regional operations particular in China.

The group’s integrated livestock segment’s PBT is also gradually improving as prices of soyabean and corn are declining, as the extended drought in the US eases (Dec 2013).

Signature: If its land sale go through, its net cash should rise to rm78 million or 65 sen per share. The proceeds would be more than sufficient to fund the construction of its new factory.

Its existing order is more than rm200 million.

Earnings growth over the next three years from 2014 should be very strong.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.