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Process Industries

QL Resources Bhd.

  • 6.90 MYR
  • -0.09
  • -1.29%
  • Malaysia
    Sep 17, 2019
  • Ticker
    KLS(7084)
  • Prev. close
    6.99
  • Market cap (MYR)
    11,340.84M
  • Market cap (USD)
    2,711.16M
  • Shares
    1,622.43M

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 2019 MYRUSD
Revenue3,619.05M887.78M
Gross Profit686.76M168.46M
Operating income307.89M75.52M
Income before tax259.55M63.67M
Net income216.77M53.17M
EBITDA464.96M114.05M
Diluted EPS0.130.03
Dividends Per Share0.040.01
Total Assets3,708.49M908.38M
Total liabilities1,694.14M414.97M
Total equity1,935.04M473.98M
Operating cash flow255.98M62.79M
Currency in MYRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 2,707.76M 2,853.92M 3,012M 3,260.39M 3,619.05M
Gross Profit 467.48M 521.58M 544.57M 595.65M 686.76M
Operating income 251.99M 274.26M 274.69M 278.77M 307.89M
Income before tax 222.70M 236.54M 248.89M 230.14M 259.55M
Net income 191.40M 192.07M 195.92M 194.98M 216.77M
EBITDA 339.30M 371.37M 384.94M 408.81M 464.96M
Diluted EPS 0.11 0.11 0.12 0.12 0.13
Dividends Per Share 0.03 0.03 0.03 0.04 0.04
Total Assets 2,587.22M 2,814.04M 3,187.14M 3,322.46M 3,708.49M
Total liabilities 1,087.77M 1,143.14M 1,345.53M 1,439.14M 1,694.14M
Total equity 1,426.58M 1,591.65M 1,748.30M 1,804.56M 1,935.04M
Operating cash flow 204.73M 265.51M 247.89M 273.00M 255.98M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 808.00M 704.74M 716.25M 781.76M 887.78M
Gross Profit 139.49M 128.79M 129.50M 142.82M 168.46M
Operating income 75.19M 67.72M 65.32M 66.84M 75.52M
Income before tax 66.45M 58.41M 59.18M 55.18M 63.67M
Net income 57.11M 47.43M 46.59M 46.75M 53.17M
EBITDA 101.24M 91.70M 91.54M 98.02M 114.05M
Diluted EPS 0.03 0.02 0.02 0.02 0.03
Dividends Per Share 0.00 0.00 0.00 0.01 0.01
Total Assets 698.58M 721.27M 720.17M 858.95M 908.38M
Total liabilities 293.71M 293.00M 304.04M 372.06M 414.97M
Total equity 385.19M 407.95M 395.05M 466.53M 473.98M
Operating cash flow 61.09M 65.56M 58.94M 65.45M 62.79M

Valuation Measures

Mar 2019
PER51.49
ROA6.16%
ROE11.59%
Operating margin8.50%
Profit margin5.98%

Key executives

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

Shareholders

  • Cbg L Pte Ltd. (41.1%)
  • Farsathy Holdings Sdn. Bhd. (11.7%)
  • Employees Provident Fund (6.2%)
  • Permodalan Nasional Bhd. (4.9%)
  • Public Mutual Bhd. (2.6%)
  • The Vanguard Group, Inc. (1.4%)
  • BlackRock Fund Advisors (0.7%)
  • Mondrian Investment Partners Ltd. (0.6%)
  • Dimensional Fund Advisors LP (0.6%)
  • Tokio Marine Holdings, Inc. (0.4%)

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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  • Ql Foods Sdn. Bhd.
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  • QL Endau Fishmeal Sdn. Bhd.
  • QL Endau Deep Sea Fishing Sdn. Bhd.
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  • QL Biomass Sdn. Bhd.
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  • QL Agrobio Sdn. Bhd.
  • QL Fishery Sdn. Bhd.

Competitors

    Last Updated on 17 Sep, 2019

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