the most important is now it achieved above RM1b of cash flow from operating activities. It It is commendable as it can be used to repay a dividend to the shareholders

(i) we can expect revenue growth in 1HFY24 for the livestock segment due to higher ASP due to floating prices (ii) LHI is gaining more market share from the smaller competitors (iii) Stable margin from its feed mill segment (iv) its low capex and continued financial discipline to pare down debt would allow it to increase its profitability

LHI as the big bro. If it sneeze, everyone got a cold. you can see all the poultry companies got affected by LHI 10% contraction in earnings. But overall, I can see good development for LHI going forward

But it is better to look into LHI on annual basis. Quarterly results is quite distorting

Despite drop of 10% to its PATAMI but it is still a commendable results

The Group is disciplined in reducing their debt. Just take FYE22-23, almost RM1b of debt already repaid while the Capex has been trending now to RM220m for FY2023. Also, the operating cash flow of RM1b for FY2023 is the highest ever for the Group. It is better to look the results on annual basis and you would see that it is a growing company with a decent margin. It is the most profitable poultry company in Malaysia and ASEAN

“As we enter into 2024, lower inflation outlook and expected reduction in interest rate would stimulate demand. Poultry is a relatively affordable source of protein, therefore we are confident that the industry will continue to thrive.” Tan Sri Lau Tuang Nguang added

Despite the myriad of challenges presented by the global economy, including geopolitical tensions, and inflationary pressures, the Group has demonstrated resilience and performance throughout FY23. The Group concluded FY23 with a record revenue of RM9.54 billion, an increase of 5.5% as compared to RM9.04 billion for the previous financial year. PATMI for FY23 stood at RM301.70 million versus RM218.90 million recorded in the preceding year, representing an increase of 37.8%. This was due to improved profits in the feedmill segment, driven by higher average selling prices and reduced raw material costs across Vietnam, Indonesia, and the Philippines, along with better margins from better average selling prices due to improved sales mix in Malaysia's livestock and poultry segment

Executive Director / Group Chief Executive Officer of LHI, Tan Sri Lau Tuang Nguang shared, “We are pleased to have achieved the highest profit ever for the Group with EBITDA of RM1.04 billion and PATMI of RM301.74 million. During the year, the Group had reduced its borrowings by RM574.63 million and lowered its net gearing ratio to 0.59x. This provides the Group with a strong financial position to capture potential opportunities in our operating markets.”

We should able to see the turnaround of business in MMSV

The global Semiconductor industry appears to be nearing the end of a down cycle and is expected to begin
its recovery soon. The outlook for 2024 points to an upswing in the worldwide Semiconductor market.
The Group anticipates the sales revenue to improve gradually over the forth coming quarters. Moreover,
we have successfully secured new businesses in the likes of the Medical and Energy Storage industries.
We are cautiously optimistic that we will benefit from these new markets.

RM157m can easily be sorted out with 1 quarter of its profit. Remember its feedmill segment contributed 60% of its earnings. Not by selling chicken and eggs

The raw materials for its feedmill business is at 3-year low, back to pre-pandemic. It'll bode well for its business

That's why RM1.08 it is a baseline. However with their growth in earnings and regional exposure, it could be much higher even surpass RM1.20

It is the only integrated poultry player with regional presence in all the 3 most populated countries in ASEAN. With automation & solar panels used in their farming & manufacturing facilities, it is a much larger Group than what it is during its IPO. See the revenue trend and u can see that it is slowly grow from RM6b to RM10b profit per annum with higher margins

https://www.foodbusinessnews.net/articles/7-corn-soybean-futures-fall-to-fresh-three-year-lows

RM500k per person for each management team. That's exorbitant for the level of experiences

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

Good or not, you can analysis both Qualitas & Mediviron business models and financials. You can buy their documents via SSM. So far Cengild is still wobbling with their financials and business model

It is multinational poultry company that have presence in many developing countries like Indonesia, Vietnam & Philippines. We are talking about population of 470m. lHI braces to grow strongly for the ensuing years

Based on its strong results going forward, the RM157m is not a big sum for them. Importantly to deal with the cartel allegations and reputation that matter. It is going to be a golden year for companies that deal with food security

Its subsidiary, Teo Seng recorded 5-fold in Q4 2023 results to RM66.9m. We going to see bright prospects & result for LHI for the ensuing years. RM1 to above is a reasonable fair value

70 cents is imminent in short term. 50% upside from this level is not impossible

70 cents is imminent. It is going to achieve record quarterly profit

Nice entry price now. It is the new Sasbadi with new pillars

If this Group is already been more than a decade long, then it is fine but not now. It is a high risk strategy at current juncture as they are still figuring the building blocks

They have a bad management team that wobbling around about their business strategy. light business model is a good strategy like in the case of Qualitas and Mediviron with high EBITDA. As a small Group with track record of 2017, it is bad strategy to commit such a high capital expenditure

slowly inching up to 60. 70 cents should be an interesting level

first time for many years, I see a healthcare counter that down so much. Typically, healthcare companies should be the most resilient counters

The worst performing healthcare in Bursa with almost 50% contraction. I believe many shareholders have doubt of the recent Proposed Acquisition and change of business model from asset light to heavy

all the stocks related to the national food security will go up. MSM already already a multibagger. LHI easily can go up 50% from this level

it is going to test 60 cents level very soon

it is a dirt cheap to buy when the government decided to let the price free float. We can see the financials would get better every quarter.

Fundamentally, nothing wrong with this Company. It is a growing company from RM7b revenue a few years ago to RM10b now. With floating prices & serving more than half billion of population in Indonesia, Singapore, Malaysia, Philippines and Vietnam, it is a brainless value proposition. They are working hard to strike-off the allegations by MyCC which is baseless

Let me put this thing into context. I can say that the venture into UK and AUS generally is a failure. Else this actually not only worth RM1.20 (IPO price) but probably worth RM2 at least after 7 years. All the narratives of glut in the property market in the UK & Build-to-rent somehow didn't work according to the plan. Notwithstanding this, conservatively I believe this Company can at least extract RM1 of value, including dividend payouts

Something that it needs to clarify on the Q4 2023's results:-

(i) There were impairment losses of an amount owing of RM90.9 by EcoWorld London. What was the basis for such impairment losses;

(ii) The admin and general expenses are still at elevated levels of RM10.6m per quarter vs YOY of RM9.3m despite much reduced activities. What was the reason behind this?

It is silly to incur more borrowings to finance this expansion plan

This acquisition should be scrapped. The management should re-think again of its business model. It is costly to operate a hospital without relevant expertise due to its high fixed overhead & capital expenditure & it is an impediment for its to scale up. In total RM180m needs to commit to this expansion plan

Yes, it supposed to be an asset light business model. To have a hospital set-up, it is costly to operate with gestation period of 3 to 5 years upon completion. Focus should be to build its business since it is relatively new healthcare group that was established in 2017

Useless management. The share price is going down everyday

TLKS is a property mogul & he doesn't even need to sell his stake. Is a rebalancing of portfolio & consolidation of interest by the major shareholders for upcoming corporate exercises. It's obvious

Need to reach 50 cents to regain confidence

Based on current trend, going up to 30 cents is imminent. Just need wait a bit

Previously strong support line is around 19, now 21.5. At this level to go back to 24.5 is easy. Like it or not, at least John Chew is steadfast on his decision and provide the relevant info on its VWAP

Amount of RM800m of cash by 2024 is the bare minimum. Bear in mind amount owing by JVs are more than RM1.2b. Aside from their effective interest of unsold units of RM800m, the JVs also have cash in their books. They also have land held for development

Which I reckon is highly beneficial for the shareholders

Rather than keeping the cash idle & earn 3-4% interest, they instead distribute to the shareholders

U must remember the capital allocation concept. They can be many listed companies. No projects also keep the cash for many years, even a decade long

You cannot use this basis to calculate. In reality they are not selling their assets, repay all the liabilities & excess to distribute to the shareholders

This is a calculative risk. U know what's the value in this Company