CCk sales to Hongkong is very small relatively to total revenue. In the Mar'18 quarter only 432k revenue to Hongkong. For the year ended 31/12/17.....only 78k.
Any thier only poultry farm is in Sarawak but with wholesale/retail stores all over in Sarawak/Sabah.
So i don't think the export banned to HKG affected CCK much.
do you all think the coming quarter result will be good? I read from CCK report saying that CCK gonna double their stores (not poultry farm) in Sabah by end of this year? Perhaps it will boost up the revenue?
This is cheap sales now, don't let go the chance, this is the counter that went through up and down trend from end of 2017 till now, the overall long term trend line still pretty much on up track.
Posted by Yu_and_Mee > Aug 8, 2018 05:02 PM | Report Abuse
I manage to top up some earlier today, very happy! Keep for 2-3 years and see. Outliar, ktsk88, Chong LY and EPS, I'm with you all now. Hope to see another round of bonus or split by next year end. Hope Sarawak and Sabah can maju jaya, then CCK will be more excellent in future.
Wish you the best.......if you have your profit, you can consider taking it rather than keep for long term. Evaluate the situation and business environment to decide your next course of action. No need to have feeling and fall in love with stocks.
if mother up, the son will follow. Now the ratio between mother and son is just nice although the son command about 27% premium upon conversion but that is the price investors willing to paid for the longevity of the warrant expiry in 5 years time.
newbie911: may i know why you forseen it will drop today. Any technical can sharing to support your statement. Or you are the company internal important role player? I got knew one case before, he is the company role player, their company account show profit drop then the trade day price drop. Next day they announce acqui few earning money estate to put in under their company, the price bound up back. But this CCK is opposite it way, good news in quarter report, it drop.
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 were lower due to weaker market sentiments. The Indonesian operations is affected by rising costs of raw materials used in the production of chicken sausages.
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Posted by ktsk88 > 2018-08-08 09:51 | Report Abuse
CCk sales to Hongkong is very small relatively to total revenue. In the Mar'18 quarter only 432k revenue to Hongkong. For the year ended 31/12/17.....only 78k.
Any thier only poultry farm is in Sarawak but with wholesale/retail stores all over in Sarawak/Sabah.
So i don't think the export banned to HKG affected CCK much.
Why overreact?.