There’s Reason For Concern Over QL Resources Berhad’s (KLSE:QL) Price
With a price-to-earnings (or “P/E”) ratio of 37x QL Resources Berhad (KLSE:QL) may be sending very bearish signals at the moment, given that almost half of all companies in Malaysia have P/E ratios under 14x and even P/E’s lower than 8x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
QL Resources Berhad certainly has been doing a good job lately as it’s been growing earnings more than most other companies. The P/E is probably high…
