CIMB Securities has reaffirmed its “Buy” recommendation for QL Resources Bhd, anticipating a positive shift in the company’s financial performance. The firm projects a target price of RM4.60 per share for QL Resources. This assessment is based on expectations of an earnings recovery within the company. The report suggests potential for QL Resources’ stock to be positively re-rated by investors. CIMB’s analysis indicates confidence in QL Resources’ future profitability. No specific details regarding the drivers of this anticipated recovery were provided in the brief report. Investors are advised to consider this analysis when making investment decisions regarding QL Resources.
