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Process Industries

QL Resources Bhd.

Company Background

Founded in 1987 by lecturer-turned-entrepreneur Chia Song Kun, QL Resources is a leading agri-food company with operations in Malaysia, China, Indonesia and Vietnam. Chia is currently QL Resources group managing director.

The company is involved in integrated livestock farming, marine products manufacturing and oil palm plantations. It is one of the largest egg producers in Southeast Asia, with a daily output of 4.5 million, and is engaged in deep-sea fishing, aquaculture and production of surimi fish paste, an ingredient used widely in processed food in Asia. It is the largest surimi producer in Asia, making 50,000 tons a year.

Most of the company's marine products are sold under the Mushroom and Figo brands, and are exported worldwide. It also owns over 160 sq. km of plantation lands for palm oil production. QL Resources is focusing its growth strategy on building up its consumer food segments. Its growth has mostly been achieved organically and through acquisitions. QL Resources is 45% owned by CBG Holdings, a private company controlled by the Chia family.

Business Summary

QL Resources Bhd. engages in the manufacture and sale of egg and surimi. It operates through the following segments: Marine-Products Manufacturing, Palm Oil and Biomass Energy, and Integrated Livestock Farming. The Marine-Products Manufacturing segment focuses on deep-sea fishing, and manufacture and sale of fishmeal, surimi, and suirmi-based products. The Palm Oil and Biomass Energy segment involves plantation, crude palm oil milling, and downstream palm biomass technology. The Integrated Livestock Farming segment distributes animal feed raw materials, food related products, and includes operation of convenient stores. The company was founded by Chia Song Kun in 1987 and is headquartered in Shah Alam, Malaysia.

Financial Highlights

Mar 2021 MYRUSD
Revenue4,378.78M1,048.89M
Gross Profit870.02M208.40M
Operating income377.46M90.41M
Income before tax423.25M101.38M
Net income311.90M74.71M
EBITDA583.01M139.65M
Diluted EPS0.120.03
Dividends Per Share0.030.00
Total Assets4,876.92M1,176.15M
Total liabilities2,331.41M562.26M
Total equity2,314.19M558.10M
Operating cash flow554.84M132.90M
Currency in MYRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 3,012M 3,260.39M 3,619.05M 4,155.82M 4,378.78M
Gross Profit 544.57M 595.65M 686.76M 826.06M 870.02M
Operating income 274.69M 278.77M 307.89M 342.48M 377.46M
Income before tax 248.89M 230.14M 259.55M 296.16M 423.25M
Net income 195.92M 194.98M 216.77M 239.36M 311.90M
EBITDA 384.94M 408.81M 464.96M 527.67M 583.01M
Diluted EPS 0.08 0.08 0.08 0.09 0.12
Dividends Per Share 0.02 0.03 0.03 0.03 0.03
Total Assets 3,187.14M 3,322.46M 3,708.49M 4,096.35M 4,876.92M
Total liabilities 1,345.53M 1,439.14M 1,694.14M 2,005.34M 2,331.41M
Total equity 1,748.30M 1,804.56M 1,935.04M 2,017.51M 2,314.19M
Operating cash flow 247.89M 273.00M 255.98M 486.17M 554.84M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 716.25M 781.76M 887.78M 997.90M 1,048.89M
Gross Profit 129.50M 142.82M 168.46M 198.35M 208.40M
Operating income 65.32M 66.84M 75.52M 82.23M 90.41M
Income before tax 59.18M 55.18M 63.67M 71.11M 101.38M
Net income 46.59M 46.75M 53.17M 57.47M 74.71M
EBITDA 91.54M 98.02M 114.05M 126.70M 139.65M
Diluted EPS 0.01 0.01 0.02 0.02 0.03
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 720.17M 858.95M 908.38M 948.23M 1,176.15M
Total liabilities 304.04M 372.06M 414.97M 464.19M 562.26M
Total equity 395.05M 466.53M 473.98M 467.01M 558.10M
Operating cash flow 58.94M 65.45M 62.79M 116.74M 132.90M

Valuation Measures

Mar 2021
PER47.26
ROA6.95%
ROE14.40%
Operating margin8.62%
Profit margin7.12%

Key executives

  • Group Managing Director & Executive Director: Song Kooi Chia
  • Investor Relations Contact: Freddie Yap
  • Secretary: Geok Ping Ng

Shareholders

  • Cbg L Pte Ltd. (40.2%)
  • Farsathy Holdings Sdn. Bhd. (11.5%)
  • Employees Provident Fund (7.9%)
  • Kumpulan Wang Persaraan (2.3%)
  • Public Mutual Bhd. (2.1%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (0.8%)
  • Lembaga Tabung Haji (0.7%)
  • Eastspring Al-Wara' Investments Bhd. (0.6%)
  • Eastspring Investments (Singapore) Ltd. (0.6%)

Contact Details

  • Website:http://www.ql.com.my
  • Address: No. 16A, Jalan Astaka U8/83, Bukit Jelutong, Shah Alam, 40150, Malaysia
  • Phone: +60.3.78012288

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Competitors

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