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QL\'s Indonesia Operations To Give Strong Earnings Impact By FY14
calendar31-12-2012 | linkBernama | Share This Post:

31/12/2012 (Bernama) - OSK Research Sdn Bhd expects QL Resources Bhd's business operations in Indonesia to give a strong impact on its earnings by financial year 2014.

"We believe that the group's Indonesian operations will fuel its future earnings given the aggressive expansion in marine production, integrated poultry and palm oil divisions," the research house said in a note.

It said QL, an integrated resource-based agriculture company, is targeting to ramp up egg production at its integrated livestock farm in Indonesia to 900,000 eggs per day (epd) by March 2013, from 450,000 epd currently.

QL also plans to increase the number of day-old chicks (doc) from 1.3 million to 2.5 million docs per month by March 2013.

OSK Research has picked QL as its top consumer sector.