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.

@tiffanix, good move...next TP RM1.40 soon

@calvin

Remember i ask you what is the TP like months before it rises passed RM1.00...thanks for the advice sifu

Maybank TP a month ago RM1.19...now RM0.71....what a joke, someone should give them a proper slap in the face

@Patient Investor

If they decided to venture into that, maybe will make losses unless they have the expertise to do so

Thanks to them i able to sell half n keep half..thank you very much

@tiffanixLVxHermes

Looks like fund b,c,d,e,f made a mistake for selling earlier...make me non stop kutip until no money

Wait for RM0.30 la...no need so ganjiong

@Change

Why u blame the PM, i suggest u to go to AGM and screw up ICON management if you are so unhappy
Ask them why there is under utilisation of their vessel and why cost is so high

@TiffanixLVxHermes

Bila below RM1.10? Next month?

Overall the QR result is good:

1) Increasing revenue;
2) PBT of RM110mil (more than my estimated RM90mil) before fair value changes in biological assets;
3) Fair value changes in biological assets relates to timber and not palm oil (expected as to get fair value for forestry, it depends on the yield, and since the company shifted focus to concentrate on palm oil in 2023, there will be a write down), however this is only paper loss;
4) There might be a reversal in write down as timber production starts to pick up again;
5) Huge operating cashflows;
6) Reducing finance costs;
7) Increasing dividend payout

Can keep for long term with a TP of RM1.40-1.50 at end of 2024 (with an expected larger increase in dividend for 2H)

The deferred tax asset is expensed to PL upon utilisation of reinvestment allowance to offset current year taxable profits. They should at least compute it each quarter instead of charging it all in one quarter.

Fund F sapu all the shares cause it is tooo undervalued

@mamakspecial

Thanks for the explanation

@mamakspecial

how to see whether EPF is buying or not on the same day itself? Normally we wait for announcement right?

My prediction:
Profit after tax RM70-85mil, Dividend 2 cent
Wildcard : contribution from the recent acquired 55% new subsidiary

price menjunam after QR release

well with subsidies also can't give an awesome Q4 result, next year with no subsidies and potential inclusion of fine, habis cerita liao

is JTIASA going to be another "Leong Hup" ?

@hng33

Yes correct, that's y i flag the high stockpile issue, if u notice, management has increased lumber output to compensate for the reduction in CPO volume, whether intentionally or not I am not sure

Yes, this I agree, this coming quarter should be good result and might declare dividend (hopefully)

Now the important question is "what happens when you produce more but can't sell it?"

Yesterday Sime Plantation posted 64% drop in result, flags high stockpiles

In fact upon the removal of subsidies, the smaller players in the market will die off, thus leaving more market share to the larger players

I do not understand what is the fuss all about

If the government removes subsidies, then the price ceiling for egg will be removed as well, thus selling price for eggs will increase by at least RM0.10 or more.

Demand for eggs is inelastic, consumers got no alternative, maybe short term wise will reduce a little bit but over a few months, demand will go back to normal or even higher as population increases.

And if the price is dirt cheap now, why has none of the other founding shareholders increase their shareholdings?

The real question to ask now is why the investors who have been with Lau from the beginning....or has been supporting LHI to grow until now, decided to gradually decrease their shareholding

I think we need to clarify some facts, the cornerstone investor already held shares prior to ipo...in fact they have already profited from the ipo exercise by letting go half of their shareholdings during the exercise..as to are they selling at a loss? nobody knows as their initial cost of investment could b very low, thus they could still b making profits selling at this price

probably the cornerstone investor knows something that we all do not know, anyway Vietnam market is slowing down, would LHI be able to maintain the performance? The upside would be Vietnam authorities cracking down on illegal imports of chicken meat, but this is yet to be seen

Dear Calvin, what is the TP for this stock?

Maybank TP is RM0.70...if u ask me, the fair value is around RM0.65-RM0.75, anything above is not sustainable

Coming soon : drop below RM0.80

better run before its too late

better run before its too late

Anybody buying now would be doing KLK and existing holders a favour by taking on the subsequent losses

Yes, this letter is to prevent limit down n save KLK for losses so that they can sell their holdings

Key words : "possible", "has not received any firm offer"

I would suggest to refer back to the Edge article, the Edge office is at Menara KLK for crying out loud