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Process Industries

QL Resources Bhd.

  • 6.06 MYR
  • +0.03
  • +0.50%
  • Malaysia
    Aug 17, 2018
  • Ticker
    KLS(7084)
  • Prev. close
    6.03
  • Market cap (MYR)
    9,783.30M
  • Market cap (USD)
    2,382.39M
  • Shares
    1,622.44M

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 Activities; 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 2018 MYRUSD
Revenue3,263.14M782.42M
Gross Profit605.48M145.18M
Operating income284.31M68.17M
Income before tax245.11M58.77M
Net income206.23M49.45M
EBITDA408.27M97.89M
Diluted EPS0.130.03
Dividends Per Share0.040.01
Total Assets3,338.07M862.99M
Total liabilities1,447.14M374.13M
Total equity1,792.60M463.44M
Operating cash flow297.31M71.28M
Currency in MYRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 2,457.18M 2,707.76M 2,853.92M 3,012M 3,263.14M
Gross Profit 404.25M 467.48M 521.58M 544.57M 605.48M
Operating income 200.82M 251.99M 274.26M 274.69M 284.31M
Income before tax 189.14M 222.70M 236.54M 248.89M 245.11M
Net income 159.92M 191.40M 192.07M 195.92M 206.23M
EBITDA 277.87M 339.30M 371.37M 384.94M 408.27M
Diluted EPS 0.10 0.11 0.11 0.12 0.13
Dividends Per Share 0.02 0.03 0.03 0.03 0.04
Total Assets 2,241.62M 2,587.22M 2,814.04M 3,187.14M 3,338.07M
Total liabilities 895.90M 1,087.77M 1,143.14M 1,345.53M 1,447.14M
Total equity 1,285.76M 1,426.58M 1,591.65M 1,748.30M 1,792.60M
Operating cash flow 219.35M 204.73M 265.51M 247.89M 297.31M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 767.13M 808.00M 704.74M 716.25M 782.42M
Gross Profit 126.20M 139.49M 128.79M 129.50M 145.18M
Operating income 62.69M 75.19M 67.72M 65.32M 68.17M
Income before tax 59.04M 66.45M 58.41M 59.18M 58.77M
Net income 49.92M 57.11M 47.43M 46.59M 49.45M
EBITDA 86.75M 101.24M 91.70M 91.54M 97.89M
Diluted EPS 0.03 0.03 0.02 0.02 0.03
Dividends Per Share 0.00 0.00 0.00 0.00 0.01
Total Assets 686.45M 698.58M 721.27M 720.17M 862.99M
Total liabilities 274.35M 293.71M 293.00M 304.04M 374.13M
Total equity 393.74M 385.19M 407.95M 395.05M 463.44M
Operating cash flow 68.48M 61.09M 65.56M 58.94M 71.28M

Valuation Measures

Mar 2018
PER39.15
ROA6.32%
ROE11.64%
Operating margin8.71%
Profit margin6.32%

Key executives

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

Shareholders

  • CBG Holdings Sdn. Bhd. (42.0%)
  • Farsathy Holdings Sdn. Bhd. (12.0%)
  • Permodalan Nasional Bhd. (5.2%)
  • Employees Provident Fund (5.0%)
  • Public Mutual Bhd. (2.5%)
  • Mondrian Investment Partners Ltd. (0.9%)
  • The Vanguard Group, Inc. (0.9%)
  • Eastspring Investments (Singapore) Ltd. (0.7%)
  • Dimensional Fund Advisors LP (0.7%)
  • BlackRock Fund Advisors (0.5%)

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 Palm Pellet System Sdn. Bhd.
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  • Ql Tawau Palm Pellet Sdn. Bhd.
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  • QL Natureco Sdn. Bhd.
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  • QL Fresh Choice Seafood Sdn. Bhd.
  • Ql Foods Sdn. Bhd.
  • QL Farms Sdn. Bhd.
  • QL Endau Fishmeal Sdn. Bhd.
  • QL Endau Deep Sea Fishing Sdn. Bhd.
  • QL Deep Sea Fishing Sdn. Bhd.
  • QL Biomass Sdn. Bhd.
  • QL BioEnergy Sdn. Bhd.
  • QL Agroventures Sdn. Bhd.
  • Ql Agrofood Sdn. Bhd.
  • QL Agrobio Sdn. Bhd.
  • QL Fishery Sdn. Bhd.

Competitors

    Last Updated on 17 Aug, 2018

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