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Process Industries

QL Resources Bhd.

  • 5.00 MYR
  • -0.08
  • -1.57%
  • Malaysia
    Apr 19, 2018
  • Ticker
    KLS(7084)
  • Prev. close
    5.08
  • Market cap (MYR)
    8,241.98M
  • Market cap (USD)
    2,118.48M
  • 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 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 engages in the 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 2017 MYRUSD
Revenue3,012M716.25M
Gross Profit544.57M129.50M
Operating income270.77M64.39M
Income before tax260.51M61.95M
Net income195.92M46.59M
EBITDA381.97M90.83M
Diluted EPS0.120.02
Dividends Per Share0.030.00
Total Assets3,187.14M720.17M
Total liabilities1,345.53M304.04M
Total equity1,748.30M395.05M
Operating cash flow247.89M58.94M
Currency in MYRCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 2,146.30M 2,457.18M 2,707.76M 2,853.92M 3,012M
Gross Profit 351.12M 404.25M 467.48M 521.58M 544.57M
Operating income 181.74M 200.82M 251.99M 274.26M 270.77M
Income before tax 165.47M 189.14M 222.70M 236.54M 260.51M
Net income 131.70M 159.92M 191.40M 192.07M 195.92M
EBITDA 247.62M 277.87M 339.30M 371.37M 381.97M
Diluted EPS 0.08 0.10 0.11 0.11 0.12
Dividends Per Share 0.02 0.02 0.03 0.03 0.03
Total Assets 2,008.53M 2,241.62M 2,587.22M 2,814.04M 3,187.14M
Total liabilities 1,048.89M 895.90M 1,087.77M 1,143.14M 1,345.53M
Total equity 890.78M 1,285.76M 1,426.58M 1,591.65M 1,748.30M
Operating cash flow 46.54M 219.35M 204.73M 265.51M 247.89M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 693.83M 767.13M 808.00M 704.74M 716.25M
Gross Profit 113.50M 126.20M 139.49M 128.79M 129.50M
Operating income 58.75M 62.69M 75.19M 67.72M 64.39M
Income before tax 53.49M 59.04M 66.45M 58.41M 61.95M
Net income 42.57M 49.92M 57.11M 47.43M 46.59M
EBITDA 80.05M 86.75M 101.24M 91.70M 90.83M
Diluted EPS 0.02 0.03 0.03 0.02 0.02
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 648.64M 686.45M 698.58M 721.27M 720.17M
Total liabilities 338.73M 274.35M 293.71M 293.00M 304.04M
Total equity 287.67M 393.74M 385.19M 407.95M 395.05M
Operating cash flow 15.04M 68.48M 61.09M 65.56M 58.94M

Valuation Measures

Mar 2017
PER28.49
ROA6.52%
ROE11.73%
Operating margin8.99%
Profit margin6.50%

Key executives

  • Chairman & Group Managing Director: Song Kun Chia
  • Executive Director & Deputy Managing 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 (4.9%)
  • 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 Natureco Sdn. Bhd.
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  • QL Fresh Choice Seafood Sdn. Bhd.
  • Ql Foods Sdn. Bhd.
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  • 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 19 Apr, 2018

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