The coming Q2 earning result which will be announced @ end of Aug expected to be very good based on higher selling price of chicken & hari raya festival @ Jun. The recent movement of the share price speak for itself.
CCK Consolidated Holdings Bhd is Sarawak’s largest poultry player, commanding c.35% market share.
■ Core business in integrated poultry farming. All the products from its integrated supply chain are sold solely through its 57 retail outlets. This is a key advantage, leading to consistent higher margins vs. its peers. ■ Prime beneficiary of urbanisation in East Malaysia. Poised to capitalise on growing demand, through the expansion of its integrated supply chain. ■ Grossly mispriced as a pure poultry stock. CCK should trade above its peers, given the advantages of having a retail arm and captive markets in East Malaysia. ■ Initiate coverage with an Add. Our target price is RM1.28, based on 15x CY18F P/E.
i spot some accumulation at 1.05 band..any sifu can clarify with me? immediate support at 1.05, pressed down intentionally to 1.04 to shake some weak holder. hold tight !
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by yesyesyes > 2017-08-09 15:08 | Report Abuse
dont up so fast yet .. slow slow come ..