[New post] CIMB: QL Resources

alanyeo posted: " 1QFY22: A weak quarter indeed■ We deem 1QFY3/22 net profit of RM42.2m (-17.7% yoy) to have missedestimates, due to worse-than-expected MCO 3.0 impact on ILF and MPM.■ QL should stronger results in quarters ahead, driven by higher sales fromMPM and ILF se" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: QL Resources by alanyeo 1QFY22: A weak quarter indeed■ We deem 1QFY3/22 net profit of RM42.2m (-17.7% yoy) to have missedestimates, due to worse-than-expected MCO 3.0 impact on ILF and MPM.■ QL should stronger results in quarters ahead, driven by higher sales fromMPM and ILF segments, in tandem with recovery post-lockdown measures.■ Reiterate our Reduce call, with a lower […] Read more of this post alanyeo | August 26, 2021 at 11:22 am | Tags: QL Resources | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-3hv Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/08/26/cimb-ql-resources/ Thanks for flying with WordPress.com