【QL 7084 交流专区】全利资源

stereo

比如04年的存货是80,545,000，而售货成本是797,333,000
797,333,000  / 80,545,000 = 9.90
就是一年里存货周转了9。9次，平均每36。8天周转一次

chengyk

General Announcement

Reference No MM-080506-11958

Submitting Merchant Bank	:	AMINVESTMENT BANK BERHAD
Company Name	:	QL RESOURCES BERHAD
Stock Name	:	QL
Date Announced	:	06/05/2008

Type	:	Announcement
Subject	:	QL RESOURCES BERHAD (“QL” OR “COMPANY”) NOTICE OF EXTRAORDINARY GENERAL MEETING (“EGM”) OF QL FOR :- (a) PROPOSED BONUS ISSUE OF UP TO 110,000,000 NEW ORDINARY SHARES OFRM0.50 EACH (“SHARES”) IN QL RESOURCES BERHAD (“QL”) (“BONUS SHARES”),TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHAREFOR EVERY TWO (2) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BEDETERMINED LATER (“PROPOSED BONUS ISSUE”); AND (b)                PROPOSED SHARE BUY-BACK SCHEME OF QL OF UP TO 10% OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL (“PROPOSED SHARE BUY-BACK”). (COLLECTIVELY THE “PROPOSALS”)
Contents	:	Onbehalf of the Board of Directors of QL, AmInvestment Bank Berhad (amember of AmInvestment Group), is pleased to announce that the Companywill be holding its EGM at Ivory 12, Level 4, Holiday Villa Subang,No.9, Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan onThursday, 22nd May 2008 at 9.30 a.m. to consider and if thought fit, topass the resolutions pertaining to the Proposals. The full text of the Notice of EGM to be advertised in the New StraitsTimes tomorrow, 7 May 2008, is attached herewith for your attention. This announcement is dated 6 May 2008.
Attachments	:	Notice of EGM.pdf

chengyk

原帖由 stereo 于 7-5-2008 09:43 AM 发表
比如04年的存货是80,545,000，而售货成本是797,333,000
797,333,000  / 80,545,000 = 9.90
就是一年里存货周转了9。9次，平均每36。8天周转一次

明白了，QL 不只生产加工鱼和鸡蛋。。。还有饲料 !!! 所以不懂这样算可不可以用 !!!!

chengyk

原帖由 无花 于 6-5-2008 11:05 PM 发表
有谁要出席22/05/08年特别大会 ??

无花兄，我可能去不到了，有很重要的 meeting !!! 不能拿假，等 Annual General Meeting 才去吧 !!!

无花

我想我也不太可能出席,太早了9.30没有
看看常年大会吧.... 也许有空出席

scsiang82

General Announcement

Reference No QR-080509-36801

Company Name	:	QL RESOURCES BERHAD
Stock Name	:	QL
Date Announced	:	13/05/2008

Type	:	Announcement
Subject	:	Incorporation of new subsidiary - QL Vietnam AgroResources Liability Limited Company
Contents	:	1.0 INTRODUCTION The Board of Directors of QL Resources Berhad ("QL") wishes to announce that Tay Ninh People's Committee of the Socialist Republic of Vietnam had on 7 May 2008 issued an Investment Certificate, which was received by QL's wholly-owned subsidiary, QL Feedingstuffs Sdn. Bhd. ("QLF") on 12 May 2008, for the incorporation by QLF of a new wholly-owned subsidiary known as QL Vietnam AgroResources Liability Limited Company ("QLVA"), in Vietnam. 2.0 DETAILS OF THE NEW SUBSIDIARY The paid-up capital or charter capital of QLVA is USD4,000,000 and its principal activity is producing breeder and chicken eggs. The investment in QLVA by QLF will be financed via internally generated funds and borrowings. QLVA has an approved term of operations in Vietnam for 50 years commencing from the date of issuance of the Investment Certificate. The incorporation of QLVA is in line with the QL Group's strategy to expand its integrated livestock farming division overseas. 3.0 FINANCIAL EFFECTS OF THE INCORPORATION OF NEW SUBSIDIARY The incorporation of the QLVA shall not have any effect on the issued and paid-up capital of QL and no material effect on net tangible assets, gearing and earnings of the Group for the financial year ending 31 March 2009. However, barring any unforeseen circumstances, it is expected to have a positive impact on the consolidated earnings of QL Group in the future. 4.0 APPROVALS REQUIRED The incorporation of new subsidiary is not subject to any approvals from regulatory bodies or the shareholders of QL. 5.0 DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTEREST None of the Directors or Substantial Shareholders of QL, or persons connected to such Directors or Substantial Shareholders has any interest, direct or indirect, in the above transaction. 6.0 STATEMENT BY THE BOARD OF DIRECTORS The Directors of QL is of the opinion that the incorporation of new subsidiary is in the best interest of the Company. This announcement is dated 12th May 2008.
Announcement Details :

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF4482574480032C5EE?OpenDocument

无花

不知道几时开始营业
很期待!!

大众神林

失去了才知道你的好。。。
QL，我会再来买你的。。。

stereo

为什么你会卖的？什么价？？

scsiang82

QL Resources unit to buy Heap Loong Farm
Published: 2008/05/17

QL RESOURCES Bhd’s wholly-owned subsidiary QL Feedingstuffs Sdn Bhd has proposed to acquire 100 per cent interest in Heap Loong Farm Sdn Bhd for RM6.68 million.

Kedah-based Heap Loong is involved in the poultry business as well as in the oil palm business.

It has 85 acres of land, of which 40 acres are used for layer farming and the balance for oil palm trees.

http://www.btimes.com.my/Current_News/BTIMES/Saturday/BizBriefs/20080516212101/Article/

无花

鸡蛋不好价,还收购同业!!??

stereo

可能是趁底收购，不过低不低价我们怎样才知道？我妈妈的鸡每天只生产两粒蛋，问QL看看有没有兴趣，是菜园鸡蛋噢～！

ThermoFisher

趁它病，拿它命，QL果然够狠。。。

scsiang82

Tuesday May 20, 2008
Brokerages still see upside for QL Resources
By RACHAEL KAM

PETALING JAYA: Local brokerages remain bullish about QL Resources Bhd over its Vietnam venture, which should boost future earnings, and expect more overseas greenfield investments.

QL Resources received an investment certification last week for the incorporation of wholly-owned subsidiary QL Vietnam AgroResources Liability Ltd Co (QLVA) for the production of breeder chicken and eggs.


QLVA had an approval term of operations in Vietnam for 50 years, the company said in a filing on Bursa Malaysia.

Kenanga Research said the project capital expenditure was estimated at RM60mil over the next two years.

The first phase of its Vietnam layer farm is expected to have a daily output of 800,000 eggs by mid-2009.

An analyst said in a research note that this would translate into a potential half-year contribution for the financial year ending March 31, 2010 (FY10) of RM44mil in revenue and RM2.9mil in net profit.

This would add 1.3 sen to its FY10 earnings per share (EPS) estimate, raising it by 3% to 49.4 sen, he added.

“Although there have been cases of avian flu in Vietnam, we believe QL Resources' investment there has limited risk as it operates a closed house system.

“In fact, this could potentially be a huge advantage over its competitors practising village or backyard layer farm with low bio-security measures,” he said.

The brokerage reiterates a “buy” call with a target price of RM4.80.

Aseambankers Research, which also has a “buy” call, expects an upside bias to its target price of RM5.05 should more earnings-accretive mergers and acquisitions or greenfield investments materialise.

“The counter's share price was up 51% since our initiation note in March 2007, making it the best performing consumer stock in Aseambankers' coverage,” the research house said.

It said the current climate of high commodity prices and uncertain global economy provided the perfect cocktail for QL Resources to pursue earnings-accretive inorganic growth avenues.

With the company's foothold in Singapore, Indonesia and Vietnam, the brokerage would not discount QL Resources furthering its reach in any of these countries.

“Given the higher selling prices of eggs in Vietnam – 20% to 30% more than in Malaysia – and expected lower operating costs, QL Resources could recognise greater pre-tax profit margins than its domestic operation's 4%-7%,” Aseambankers added.

http://biz.thestar.com.my/news/story.asp?file=/2008/5/20/business/21299443&sec=business

stereo

狂跌过后就是上涨的时候了 〔安慰下自己）

scsiang82

Aseambankers Research Report - 14 May 2008

Vietnam just the beginning! TP: RM5.05
Current Price: RM4.24

->QL’s livestock farming will invest RM50m over 3 years to build a
modern layer eggs farm (two-thirds the size of its local capacity) and
feed trading facilities in Vietnam.

->Suffocatingly high commodity prices and perceived softer economic
conditions promise to make FY09 (ending March) ripe for M&A
opportunities and more greenfield investments like in Vietnam.

->Re-iterate Buy. Our unchanged RM5.05 TP (10x FY10 PER) offers
upside bias should M&A or greenfield investments materialise.


The last of three divisions to expand regionally, QL’s Integrated Farming historically records a PBT margin of only 4-7% p.a. but posted a CAGR of 27% over FY04-07. Integrated Farming’s growth is expected to continue, if not accelerate, with the kick-off of QL’s Vietnam venture. At the end of its initial 30-36 months investment phase, QL’s Vietnam venture could deliver about twothirds the size of its current layer eggs farming output of 1.5m eggs/day.

Given higher selling prices of eggs in Vietnam – by 20-30% than in Malaysia – and expected lower operating costs, QL could recognise PBT margins of greater than its domestic operation’s 4-7%. We have not imputed any earnings from its Vietnam venture pending further information on its roll-out plans.

Investment certificate for Vietnam just the beginning. As highlighted
previously, we notice QL is at its most acquisitive during periods of greatest economic uncertainties. The current climate of high commodity prices and uncertain global economic conditions, in our opinion, provides the perfect cocktail for QL to pursue earnings-accretive inorganic growth avenues. Given its foothold in Singapore, Indonesia and now Vietnam, we would not discount QL furthering its reach in any of these countries.

Not the time to ponder ... Buy! QL’s share price is up 51% since our initiation note in March 2007, making it the best performing consumer stock in Aseam’s coverage universe. We remain bullish on QL. There is upside bias to our TP of RM5.05 should earnings-accretive M&A opportunities materialise.

scsiang82

Remark:

The proposed 110,000,000 new bonus shares of 1 for every 2 existing shares will be entitled to dividends of 6.5 sen each.

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2008	31/03/2007	31/03/2008	31/03/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	327,083	265,999	1,302,031	1,118,519
2	Profit/(loss) before tax	24,452	19,044	95,820	77,129
3	Profit/(loss) for the period	22,329	17,916	86,563	68,584
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,072	17,249	80,772	63,248
5	Basic earnings/(loss) per share (sen)	9.58	7.84	36.71	28.75
6	Proposed/Declared dividend per share (sen)	6.50	7.30	6.50	7.30
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	1.6400		1.3500

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

Remarks :

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF4482574500037750F?OpenDocument

scsiang82

General Announcement

Reference No QR-080520-62823

Company Name	:	QL RESOURCES BERHAD
Stock Name	:	QL
Date Announced	:	21/05/2008

Type	:	Announcement
Subject	:	Share Acquisition Agreement - Proposed acquisition of 100% equity interest of Heap Loong Poultry Farm Sdn. Bhd. by QL Feedingstuffs Sdn. Bhd., a wholly-owned subsidiary of QL Resources Berhad
Contents	:	1. INTRODUCTION Further to the announcement dated 16 May 2008, the Board of Directors of QL Resources Berhad ("QL") ("Board") is pleased to inform that QL Feedingstuffs Sdn. Bhd.("QLF"), a wholly owned subsidiary of QL had, on 20 May 2008, signed a Share Acquisition Agreement (“SAA”) with Tan Soo Pheng and Tan Peng Tee (“the Vendors") to acquire 100% equity interest of Heap Loong Poultry Farm Sdn. Bhd.(“Proposed Acquisition”)for a total consideration of RM6.68 million. The consideration is arrived based on a willing buyer-willing seller basis, taking into consideration the Net Tangible Asset ("NTA") value of the Company as at 30 April 2008 of not less than RM5.20 million. Without prejudice to the right of QLF to terminate the SAA, the Vendors agree in the event the due diligence findings of the QLF shall reveal that the NTA value of Heap Loong Poultry Farm Sdn. Bhd. ("HL") is less than the amount stipulated, the consideration shall automatically be adjusted downwards by an amount equivalent to the deficit in the said NTA in excess of RM167,000 (2.5% of the consideration). 2. SALIENT TERMS OF THE SAA As an integral part of this transaction for the sale and purchase of the Sale Shares, QLF has agreed to the disposal of the following fixed assets by HL to the Vendors at a sale price of RM2,016,403 to be satisfied by way of contra and set-off against an amount due to the Vendors and thier brothers namely Tan Siew Fok and Tang Sooi Kooi, of RM2,025,000 as shown in the latest management accounts of HL as at 30 April 2008. The following are the fixed assets of HL which are to be disposed:- (i) all that piece of leasehold industrial land together with one (1) unit of factory erected thereon, held under H.S (D) 44418, PT 25 Mukim 01, District of Seberang Perai Tengah, Pulau Pinang measuring approximately 1994.8417 square meters, at a sale price of RM1,686,814; (ii)three (3) units of motor vehicles at a sale price of RM329,589. The consideration shall be satisfied by QLF in the following manner: (a)a sum of Ringgit Malaysia Three Hundred Thirty Four Thousand (RM334,000) equivalent to 5% of the consideration was paid to the Vendors in equal proportions, as earnest deposit upon signing of the Memorandum on Understanding; (b) a sum of Ringgit Malaysia One Million Six Hundred Seventy Thousand (RM1,670,000) equivalent to 25% of the consideration was paid to the Vendors in equal proportions simultaneously with the execution of the SAA; and (c) a sum of Ringgit Malaysia Four Million Six Hundred Seventy Six Thousand (RM4,676,000) shall be paid to the Vendors in equal proportions on the Completion Date ie unless otherwise agreed by the parties, completion of the SAA shall take place on a business day not later than three (3) months after the Unconditional Date (with an automatic extension of one (1) month at the rate of 8% per annum on the balance sum).In the event there shall be downward adjustment to the consideration, the balance sum shall be reduced accordingly provided that in the event QLF shall pay the balance sum prior to the expiry of three (3) months from the Unconditional Date, QLF shall be entitled to an early settlement discount equivalent to RM500 per day, based on the total number of days from the date of payment until the last day of the said three (3) months period. In the event that QLF fails to pay or cause the payment of the balance sum together with the Vendor's advances as may be required for working capital from time to time, the SAA shall authomatically terminate and the sum equivalent to 10% of the consideration shall be forfeited absolutely by the Vendors and the Vendors shall refund such balance of such sums paid by QLF within sixty (60) days of such termination and thereafter neither party shall have any further claim against the other. SAA becomes unconditional ("Unconditional Date") upon completion of the sale and purchase of the Sale Shares upon the following conditions being satisfied within three (3) months from the SAA or within such further period as may be mutually agreed upon by the parties : (i) the approval of the QLF board for the acquisition of the Sale Shares; (ii) the approval of the Foreign Investment Committee (FIC) to the sale and purchase of the Sale Shares; (iii)the approval or consent of any third party to the sale and purchase of the Sale Shares (if required); (iv) the approval or consent of any financier (if required); (v) the approval or waiver of any regulatory requirement by any other relevant authorities, if required; (vi) the QLF being satisfied with the result or findings of a legal, operational and/or financial due diligence to be conducted by QLF and/or its financial and legal advisers on HP within three (3) weeks after the execution of SAA or such further period as may be agreed by the parties in writing; 3. INFORMATION ON HL HL is a company incorporated in Malaysia with an authorised and paid-up capital of RM10,000,000 each and having its registered office at Lot 2051, 2053 & 2054 MK Sidam Kanan, Kg Paya Union, 09400 Padang Serai, Kedah. HL is principally involved in the business of poultry farm and oil palm plantation. The production capacity and current production of HP is 400,000 eggs per day and 305,000 eggs per day respectively. The total land area is 85 acres of which 40 acres is used for layer farming and balance is planted with oil palm tree. 4. RATIONALE FOR THE PROPOSED ACQUISITION The Proposed Acquisition will enable QL Group to expand its existing integrated livestock farming business. 5. APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of QL but is however subject to approval of FIC. 6. SOURCES OF FUNDS QL will finance the Proposed Acquisition via internally generated funds and borrowings. 7. FINANCIAL EFFECTS 7.1 Share Capital The Proposed Acquisition will not have any effect on the issued and paid-up share capital of QL as it does not involve any issuance of new shares. 7.2 Net Assets and Gearing The Proposed Acquisition will not have any material effect on the net assets and gearing of QL. 7.3 Earnings Upon completion of the Proposed Acquisition, the Proposed Acquisition is expected to contribute positively to the future earnings of the QL Group. 8. THE ESTIMATED TIME FRAME FOR COMPLETION The Proposed Acquisition is estimated to be completed by end of calendar year 2008. 9. INTEREST OF DIRECTORS AND MAJOR SHAREHOLDERS None of the directors and / or substantial shareholders and / or persons connected to the directors or substantial shareholders of QL has any interest, whether directly or indirectly, in the Proposed Acquisition. 10. DIRECTORS’ RECOMMENDATION The Board having considered all the relevant factors in respect of the Proposed Acquisition is of the opinion that the proposed acquisition is in the best interest of QL Group. 11. DEPARTURE FROM GUIDELINES The Directors of QL are not aware of any departure from the Guidelines on Offering of Equity and Equity-Linked Securities issued by the Securities Commission. 12. DOCUMENTS FOR INSPECTION A copy of the SAA can be inspected at the registered office of QL at No.16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor from Monday to Friday (expect public holidays) during business hours from 8.30 am to 5.00 pm for the period of three months from the date of this announcement. This announcement is dated 21 May 2008.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF44825745000377520?OpenDocument

stereo

		revenue	before tax	after tax	赚幅％
2003	1	148,639	10,339	4,623	6.96%
	2	166,099	8,502	5,881	5.12%
	3	200,553	9,489	6,255	4.73%
	4	190,454	6,961	4,759	3.65%
2004	1	200,198	8,131	5,669	4.06%
	2	227,289	10,201	6,705	4.49%
	3	240,857	12,921	8,141	5.36%
	4	231,197	8,898	6,364	3.85%
2005	1	224,969	9,049	6,870	4.02%
	2	232,336	11,287	8,964	4.86%
	3	244,588	13,223	10,502	5.41%
	4	239,689	12,523	9,783	5.22%
2006	1	242,205	13,958	11,526	5.76%
	2	262,792	16,395	13,723	6.24%
	3	266,854	17,183	12,962	6.44%
	4	238,695	11,562	10,136	4.84%
2007	1	269,254	15,413	12,364	5.72%
	2	292,023	19,524	15,445	6.69%
	3	304,531	23,149	18,192	7.60%
	4	265,999	18,162	16,367	6.83%
2008	1	313,971	18,535	15,425	5.90%
	2	307,767	24,594	20,660	7.99%
	3	353,210	28,239	23,615	7.99%
	4	327,083	24,452	21,072	7.48%

最新的业绩出炉了，盈利季对季成长28。7％。比上一季下跌10。7％。
（看看以上的图表，通常第3季度会比较出色〕

无花

（吉隆坡）全利資源（QL，7084；主板消費品組）正於國內外業者進行併購洽談，而目標涵蓋家畜、海運及種植業，並預期於下半年為市場捎來好消息，同時期望2009年財政年可取得雙位數淨利增長。

該公司董事經理謝松坤在股東特大後向《星洲財經》表示，該公司計劃透過內部增長及併購方式推動業務發展，目前也正與數家公司進行併購洽談，但無法在現階段透露當中詳情。

他透露，食料價格上漲導致很多公司面對財務週轉問題，但這提供了很好的收購機會，而該公司也擁有足夠的資金與能力進行收購及管理相關公司。

資本開銷料達1.5億

他說，該公司今年的資本開銷料達1億5000萬令吉，主要充作收購及業務擴展資金。同時預期截至2009年3月31日止財政年能維持上財政年的增長動力，並期望能取得雙位數淨利增長。

全利資源截至2008年財政年淨利增長27.70%至8077萬2000令吉，營業額則上揚16.40%至13億203萬1000令吉。

家畜業務方面，他指出，該公司日前宣佈在越南設立農場，未來兩年的投資料達6000萬令吉，並透過內部資金與銀行貸款融資。相關農場預期每日可生產80萬顆雞蛋。

他補充，該公司預計該農場能在未來1年內正式投入運作，並於下財政年開始作出業務貢獻。

全利資源日前也宣佈旗下子公司以668萬令吉收購一家本地畜牧業公司，而該公司農場預期每日可生產30萬顆雞蛋。目前該公司的整體產量為每日160萬顆雞蛋。

續在印尼尋求種植地

目前家畜業務貢獻約50%營業額、海運40%、棕油10%，並預期棕油業務於現財政年將取得50%增長率。該公司計劃繼續在印尼尋求種植地段，但無意在巴布新幾內亞進行收購活動。

“只要原棕油價格處於每公噸3000令吉以上交易，相關領域的增長空間依然龐大，而最大的關鍵將來自原油價格漲幅。”

目前該公司已進駐的市場包括新加坡、印尼及越南，但海外市場的貢獻依然微小，因此計劃未來數年積極發展區域業務。