RM0.50 soon. Good luck to all.

Going back to RM0.50 soon, just like Hengyuan, Masteel, Lionind.

THE BUBBLE HAS BURST. GOOD LUCK AND RIP FOR PEOPLE WHO BOUGHT IN

panic buy

@banglaman Me. I paged you this morning

Paging banglaman

Hehehehe yesterday's 2.86% drop must have shaken a lot of weakholders out. Many must have sold when it dropped 0.5 - 1 cent.

Many forumers here have already said:
RM0.70 by September
RM0.80 by October

RM0.70 has been breached. So, what's next..?

rm0.80 by end of Oct. mark my words

http://www.theedgemarkets.com/article/lim-guan-eng-uschina-trade-war-has-benefitted-malaysia-short-term

According to Lim Guan Eng:
Trade war to be positive for Malaysia over the next year or so, especially in electronics and steel production industries

technical bullish now

RM0.80 by end of October. Mark my words.

Yes!!

@calvintaneng

Please note that YTD, this counter dropped from RM1 to a bottom RM0.53. That is a 47% discount from initial price. And, you are saying people who buy now are "Greater Fools"?

I acknowledge and reckon that the price won't move up in a straight line, but I'm looking at RM0.80 in 2 months. Let's see...

@KLCI King

More like the second scenario. HAHAHA

tell you all hold tight to rm0.80

DON'T SELL CHEAP. We are looking at RM0.80 TP!!

Dropped from RM1 to RM0.55 in 2 months time. Don't tell me you folks here just target to go up RM0.55 to RM0.60. HOLD until at least RM0.80!!!

Tesco has 50% discount, you get excited go and sapu groceries. If they mark up 50%, for sure you curse until father/mother cannot recognise and won't buy any.

But, when it comes to stock, some people do the opposite. The real sorchais are people who buy when price goes up and sell when price goes down.

This counter dropped more than 40% over the past 2 months due to unwarranted fear. High feed cost and low egg price in Q2 are expected to gradually recover in Q3 and Q4. What more, this counter starts to get a lot of attention and a lot of people are eyeing it, waiting for rebound. Now, many people are just waiting for the technical to turn bullish and then it will be panic buying.

This counter is going to fly soon. Hold tight.

hmm better than expected. thought there will be a waterfall.

Buy when low, sell when high!

Rebound will continue for a few more days until target RM0.70.

Sure Mr OTB. After second check, it's more accurate to complain to the following:

1. Inland Revenue Board
pelariancukai@hasil.gov.my

2. Securities Commission
https://www.sc.com.my/lodge-complaints-2/captmarket/

3. Companies Commission of Malaysia (CCM)
http://www.ssm.com.my/en/ecomplaint-mainpage

@OTB IF you want to complain about Masteel engaging in dubious reporting standards, please write to either:
1. Income tax department, ie. Inland Revenue Board - For tax evasion
2. Securities Commission - For poor corporate governance
3. SIDREC: Securities Industry Dispute Resolution Center - For disputes in the capital market

Nothing to do with MACC. MACC is about corruption. They won't entertain you.

Thanks

Directors selling means you gotta ciao already. Switch to Lay Hong.

What ramada said is true. Egg price has increased a lot from Q2 to Q3. Ask those who do grocery shopping and they can confirm.

Dropped 50% already. Today just starting to rebound. Sit back and relax.

https://af.reuters.com/article/commoditiesNews/idAFL3N1VK22K

Corn prices fall most in feedgrain market as record U.S. crop looms

BANGLAMAN! TQ!! I LOVE BANGLAMAN

@ramada True that Lay Hong has RM250mil debt and I agree it's a bit on the high side. However, the quarterly report clearly says the short-term borrowing mostly comprises of banker's acceptance used to purchase biological assets and inventories, ie. chicken and raw materials. They are currently expanding and have to borrow money to buy all these things.

On long-term borrowing, they are term loans used to finance the construction of layer farms and broiler farms. As what Underdog888 has pointed out, these are all good debts used to finance business expansion. The company knows that rights issue, bonus issue etc are bad for shareholder's value as thus chose to get debt.

Also, RM250mil shouldn't be compared side-by-side to the cash in hand. Quarterly finance cost is around RM3mil. So long Lay Hong recovers in the coming quarter and earns average of RM10mil, the payment of finance cost is not a problem.

https://markets.businessinsider.com/commodities/corn-price

Look at the graph for corn price. It has fallen in Q3 and expected to ease the cost pressure. Egg price also increased a lot in Q3 compared to Q2. This is confirmed by the management itself where oversupply situation in Q2 has been addressed in Q3. Shop around and you will notice egg price has gone up.

Worst is over. Short-term rebound TP rm0.70.

BOTTOM ALREADY. ALL IN

I believe the worst is over... I AM GOING IN!

While egg price is low in Q2, it has since increased a lot in Q3. Just compare the prices in supermarkets. Even though USD is strengthening, corn price has dropped a lot in Q3. Check the chart: https://markets.businessinsider.com/commodities/corn-price

With the poor QR out, the expectation of a poor QR has been met and there should be no more negative news moving forward. Ripe for strong rebound.

Die. RM0.50 by end of this week..

Copy and pasted from CCK quarterly report:

A lower profit before tax of RM7.7 million was achieved in the 2nd quarter. The poultry sector was affected by rising costs of feed as a result of a weaker Ringgit to USD. Prices of dressed chicken and table eggs in the 2nd quarter were lower when compared to the 1st quarter due to weaker market sentiments.

IVAN2222 Cut loss man.. The situation now is very dangerous. 16k loss may become 25k loss.

Hold tight guys... Transferring to Main board soon. Institutional funds can't invest in Ptrans now because it's in Ace market. Don't forgo 30-40% potential because of 5-10% quick gain

@ONG Not a cause of concern. If there's one thing I agree with Koon Yew Yin, it's that profitability is the strongest catalyst to move share price. As long as the company continue to make money, it's ok to have lower cash and higher borrowing

ho ho ho congrats all

Every day drop 2-3%. Bad quarterly result coming... I cut loss first. Pain.

Switch to Masteel

LTKM and Mflour both reported poor earnings because of poor poultry performance. Lay Hong should face the same problems

China nearly quadruples infrastructure approvals in July. Rebar price will remain high buoyed by strong demand.

https://klse.i3investor.com/blogs/kianweiaritcles/170055.jsp

Started off green, but now turning yellow. Afternoon session, likely to be red again.

Thanks for sharing newbie911. Based on LTKM's commentary...
1) Lower egg prices
2) Lower volume of eggs sold
3) Increase cost due to expensive corn and soybean

Not looking very good for LayHong.

Maybe insider knows upcoming quarterly result going to be very bad. Run.