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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 2020 MYRUSD
Revenue4,155.82M997.90M
Gross Profit826.06M198.35M
Operating income342.48M82.23M
Income before tax296.16M71.11M
Net income239.36M57.47M
EBITDA527.67M126.70M
Diluted EPS0.090.02
Dividends Per Share0.030.00
Total Assets4,096.35M948.23M
Total liabilities2,005.34M464.19M
Total equity2,017.51M467.01M
Operating cash flow486.17M116.74M
Currency in MYRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,853.92M 3,012M 3,260.39M 3,619.05M 4,155.82M
Gross Profit 521.58M 544.57M 595.65M 686.76M 826.06M
Operating income 274.26M 274.69M 278.77M 307.89M 342.48M
Income before tax 236.54M 248.89M 230.14M 259.55M 296.16M
Net income 192.07M 195.92M 194.98M 216.77M 239.36M
EBITDA 371.37M 384.94M 408.81M 464.96M 527.67M
Diluted EPS 0.07 0.08 0.08 0.08 0.09
Dividends Per Share 0.02 0.02 0.03 0.03 0.03
Total Assets 2,814.04M 3,187.14M 3,322.46M 3,708.49M 4,096.35M
Total liabilities 1,143.14M 1,345.53M 1,439.14M 1,694.14M 2,005.34M
Total equity 1,591.65M 1,748.30M 1,804.56M 1,935.04M 2,017.51M
Operating cash flow 265.51M 247.89M 273.00M 255.98M 486.17M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 704.74M 716.25M 781.76M 887.78M 997.90M
Gross Profit 128.79M 129.50M 142.82M 168.46M 198.35M
Operating income 67.72M 65.32M 66.84M 75.52M 82.23M
Income before tax 58.41M 59.18M 55.18M 63.67M 71.11M
Net income 47.43M 46.59M 46.75M 53.17M 57.47M
EBITDA 91.70M 91.54M 98.02M 114.05M 126.70M
Diluted EPS 0.01 0.01 0.01 0.02 0.02
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 721.27M 720.17M 858.95M 908.38M 948.23M
Total liabilities 293.00M 304.04M 372.06M 414.97M 464.19M
Total equity 407.95M 395.05M 466.53M 473.98M 467.01M
Operating cash flow 65.56M 58.94M 65.45M 62.79M 116.74M

Valuation Measures

Mar 2020
PER50.13
ROA6.13%
ROE12.11%
Operating margin8.24%
Profit margin5.75%

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. (11.5%)
  • Employees Provident Fund (8.2%)
  • Public Mutual Bhd. (2.5%)
  • Kumpulan Wang Persaraan (2.2%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (0.7%)
  • Eastspring Al-Wara' Investments Bhd. (0.6%)
  • Eastspring Investments (Singapore) Ltd. (0.6%)
  • Liu & Chia Holdings Sdn. Bhd. (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

Related Companies

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  • QL Realty Sdn. Bhd.
  • QL Poultry Farms Sdn. Bhd.
  • QL Livestock Farming Sdn. Bhd.
  • QL Ansan Poultry Farm Sdn. Bhd.
  • PT QL Trimitra
  • PT Pipit Mutiara Indah
  • PT QL Agrofood
  • Maxincome Resources Sdn. Bhd.
  • QL Agroresources Sdn. Bhd.
  • Ql Palm Pellet System Sdn. Bhd.
  • Ql Tawau Biogas Sdn. Bhd.
  • QL ZeroPoint Green Energy Sdn. Bhd.
  • QL ZeroPoint Pellet Sdn. Bhd.
  • Ql Tawau Palm Pellet Sdn. Bhd.
  • Ql Tawau Blogas Sdn. Bhd.
  • QL Natureco Sdn. Bhd.
  • QL Green Energy Sdn. Bhd.
  • 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 20 Oct, 2020

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