PublicInvest Research

Technical Buy - LHI (6633)

PublicInvest
Publish date: Mon, 08 Apr 2024, 11:04 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Description

LHI is one of the largest fully integrated producers of poultry, eggs and livestock feed in Southeast Asia.

Fundamentals

The easing of feed input costs, particularly corn and soybean meal, provides relief to the industry, but the strong USD mitigates savings passed through to customers. Barring unforeseen circumstances, the Group expects to achieve satisfactory performance for the FY24.

Source: PublicInvest Research - 8 Apr 2024

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