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Overview
Financial Highlight
HeadlinesBusiness Background Leong Hup International Bhd is an integrated producer of poultry, eggs and livestock feed in Southeast Asia. The company operates in Malaysia, Singapore, Indonesia, Vietnam and the Philippines. The operating business segments are Feedmill Business and Livestock Business. It operates in Vietnam, Philippines, Malaysia, Indonesia, and Singapore.
  Save I thing the jerking is due to TNB results shock. Technically if you draw a uptrend channel for KLCI index, you may find KLCI reaching the ceiling of the channel. Yesterday close states a breakout of channel but if today close below the ceiling than the market may proceed with a correction as RSI is very high now 28/02/2024 12:31 PM StartOfTheBull Net asset per share: As at 31 Dec 23: RM0.6128 As at 31 Dec 22: RM0.5493 Earning per share: Y/E 31 Dec 23: 8.27c Y/E 31 Dec 22: 6.00c Dividend declared per share: Y/E 31 Dec 23: 3c Y/E 31 Dec 22: None Big improvement compared to year 2022. 28/02/2024 1:28 PM ValueInvestor888 better forget about Leong Hup... last time leong hup holdings, delisted as could not fetch good valuation, repackaged and listed again renamed to Leong Hup international, now same situation again. Mgt not so smart also unlike QL... Leong Hup was run by many family members rather than professional mgrs ( that was those days, not sure still same nowadays as long time never follow this) Hardly see any investors making money since old leong hup holdings time... 28/02/2024 2:26 PM  warchest Nope, if you're a value investor they offer good value proposition; fortress cash flow, cost leadership, with good vertical from upstream to downstream. They are taking over from the smaller players. they earn 30% more per kg of chicken as they are becoming bigger. 28/02/2024 2:35 PM warchest ignored counters like YTL, YTLPower. it was a neglected counters. Now ... 28/02/2024 2:36 PM Ravetidus well with subsidies also can't give an awesome Q4 result, next year with no subsidies and potential inclusion of fine, habis cerita liao 28/02/2024 4:24 PM Save Be careful! KLCI index today stated a bad indicator, bearish engulfing candle at the ceiling of uptrend channel. If KLCI index can not corrected tomorrow, big correction to 1530 coming as US market is waiting for it PCE reading 28/02/2024 5:05 PM AhHuat168 this leong hup share very tricky, better sel all and dont think of making money from it 28/02/2024 6:45 PM gankm why gap down? LHI only making less profit, not losing money. LHI director and gang is really clever to play and continue to con people money. 28/02/2024 7:40 PM SMInvest 行家建议： 尽管龙合国际的营收符合我们的预期，然而净利却低于预期，分别占我们与市场全年预期的89.1%和91.9%。 尽管面临多重挑战，我们仍对该公司2024财年的前景感乐观，主要支撑因素包括： 1.家禽产品的需求强劲； 2.取消肉鸡的价格管制后，大马业务的赚幅正常化； 3.全球家禽饲料商品价格走软，降低饲料成本。 至于下行风险，则包括： 1.原料成本大幅上涨； 2.不利的监管变化，例如价格管制或扑杀计划； 3.雏鸡（DOC）短缺； 4.疾病爆发。 我们暂时维持今明财年的盈利预测，待分析简报会后再作调整。 综合以上，我们维持“买入”评级，目标价定在83仙，这是根据2024财年每股净利9.9仙、8.4倍本益比计 29/02/2024 9:06 AM warchest Cash flow doesn't lies. RM1 b of operating cash flow and RM800m of free cash flow is commendable as cash is the king. they are doing right to reduce the capex from RM400m to RM200m now and focus on downstream so that they can expand the margins of its poultry segment. as for feedmill, it is not an issue as they are getting a healthy profit margin of c. 14% and as they increase their capacity it will grow. it bode well with the corn and soy prices stabilisation. i see that given a bit more time, we can see that they would have a consistent dividend yield of 5% per annum 29/02/2024 10:52 AM warchest with the size of LHI and its economies of scale, they are doing much better than its competitors. they can gain 25% more per kg of chicken they sell as compared to its competitors. And now they are getting market share from its smaller competitors as they wobbling with their operating costs. remember LHI is integrated and they have advantage on their downstream retail segment and also the feedmill business 29/02/2024 10:54 AM warchest once the selling exhausted, new batches of investors would come in. those that are seeing the value. Short-term it would back to 70 cents level. 29/02/2024 10:55 AM warchest when we are looking into poultry business, we cannot choose all the players. scale does matter 29/02/2024 10:57 AM warchest remember its market is not Malaysia, only serving 33m of population. It is serving Indonesia, Philippines, Vietnam and Singapore as well. all in all, 530m of population. 29/02/2024 11:01 AM StartOfTheBull Year 2023 declared 3c dividend. I believe this year the company will also declare dividend because of improved cash flow. 🤞 29/02/2024 12:45 PM bose00 The big investors eg Clarinden taking a huge loss frm this investment. From IPO and now at a discount selling a 1/2 price at 0,5x-0.7x. Something goes wrong that we don’t know ? (Any info) 01/03/2024 12:23 PM gankm Nothing wrong with this company. The problem is the boss refuse to push up the share price even thought LHI is making huge profit in year 2023. I believe in year 2024 LHI will even make lesser profit. So big investor cut lost and move their fund to others better company after they realize LHI has con them for a long time. 01/03/2024 2:04 PM Chipee You should scroll up to old comments on Clarinden in this forum. They bought the share way below IPO price. They still make profit selling at 60cents. bose00 The big investors eg Clarinden taking a huge loss frm this investment. From IPO and now at a discount selling a 1/2 price at 0,5x-0.7x. Something goes wrong that we don’t know ? (Any info) 01/03/2024 4:59 PM StartOfTheBull Totally absent of support for a profitable stock. It is very disappointing to investors. So fortunate I cut last week. 04/03/2024 10:21 AM ValueInvestor888 forget about LHI and move on to other stocks. Company with poor mgt with a lot of family members working in group is hard to trieve as no check and balance, no discipline in place, imagine...how to take action against a family member if found any wrongdoings? 06/03/2024 3:10 PM ValueInvestor888 they do not need share price, which is tied to profit, to perform as they are drawing fat salary... 06/03/2024 3:12 PM  speakup When LHI was more than 60sen many sifu say buy buy buy. Now less than 60sen where are they? 06/03/2024 9:25 PM Ravetidus Dear fellow investors, I did raise earlier the issue as to why the cornerstone investor keeps selling even though market conditions seems favourable to LHI and that the cornerstone investor is still making capital gains even though selling at such low prices, the lower than expected QR seems to justify that. Moving forward, with the lack of subsidies from Malaysia government moving forward, slowdown in Indonesia market, higher USD vs MYR rate, high transportation costs and also the fact that LHI has not taken in the penalty in the books yet, I see the share price reaching RM0.50 soon. The only positive will be the recent reduction in corn and soybean prices. 07/03/2024 8:28 AM Chipee Dear Investors, Firstly, you must differentiate yourselves to be a long term investor or day trader. Then decide to buy, sell or hold. You can even be both by trimming some in cash position to buy more at lower price. "Market expectations" on QR results are mainly institution investors. It doesn't represent the WHOLE market, which includes retail and some foreign investors. And institution investors are humans too. They have no psychic power to see the future QR results and price. It is only their EXPECTATION. The only difference is they have HIGH cash and equity position to somewhat move the market. But that is only on short term basis. So day traders usually (and should) play according to their music. Anything else, like cost, demand (sales) and even the MYCC fine is just part of doing business. You must understand when some players shout BUY/SELL when price is moving up or down signifies them to be long term or day traders. When price rockets up and they shout BUY are usually day traders. They are playing on sentiments and price movements. They will sell for profit and look at technical indicators again to decide on BUY/SELL.. They are gambling (and nothing wrong with that) by using technical indicators to better their odds. When price plummets down with fundamentals still intact and they shout BUY are usually long term investors. Buying low to have Margin of Safety and hold for dividend or greater capital gain in the future. As mentioned earlier, some trim 20-30% of their position to have cash and buy when price is low. They will increase their total shares gradually. They too use technical indicators to decided. So stop whining if you don't do your homework. Take any advise to BUY/SELL from this forum with a grain of salt. 07/03/2024 9:17 AM Chipee Oh missed out another group of players. I call them Kopitiam Players. They make FLIMSY comments based on rumours, personal feelings and crowd mentality. Their comments are useful only for this reason. When price is up high and I see many of such comments to BUY because of their Kopitiam comments. It's time to SELL. This is no difference to this anecdote "when I hear the shoe shine boy talking abt the market, I know it's in a bubble". 07/03/2024 9:35 AM Kevin Tam The drop of corn n soy bean prices have been more than 25-30% in past 4-5 months versus USD only stronger about 6-8% compare to 6-9 months ago, LHI n those chicken farms should continue to post higher than past 3 years average quarterly profit….The strong USD will be reduced to less strong in near future as well …. call buy at 62-65 cents but asking ppl to sell while the counter dropped to 58-60 cents being abnormal but research houses n those savvy investors like to do that to affect those retail investors… 12/03/2024 9:05 PM investor2011 LHI management only care for their own benefit if any of the Lau family member get : "Datuk" title or celebrated their family events , LHI will advertised /promoted the event for few days with few pages per days on Chinse new paper , wasting share holder money for their own benefit. 18/03/2024 8:00 AM SMInvest https://klse.i3investor.com/web/blog/detail/PublicInvest/2024-04-08-story-h-184578022-Technical_Buy_LHI_6633 08/04/2024 6:38 PM  | |
