MACD never apply to this counter lorr soon or sonner it will reach and and play at 60cts++ so ... i hope more share to be sell at cheap price to me to accumulate
This is a defensive counter. Nice one. I would say better than those consumer counters involved in confectionery or fcmg. Almost an essential category.
The Domestic Trade and Consumer Affairs Ministry has issued compound notices totalling RM534,200 to 2,205 producers, wholesalers and retailers of chicken and eggs from Feb 2 until Monday (Nov 28)
The ministry's chief secretary Datuk Azman Mohd Yusof said the compounds were issued through 2,205 enforcement actions against profiteering in subsidised price-controlled products throughout the period
CCK Consolidated Holdings 3Q22: Robust results from retail and poultry ■ 9M22 core net profit of RM36m (+102.6% yoy) was above expectations, due to better-than-expected results from its retail and poultry segments in 3Q22. ■ We expect CCK to record slightly weaker qoq results in 4Q22F, due to higher input costs (weak ringgit) and seasonally slower sales. ■ Reiterate Add, with a higher TP of RM1.03 (12x CY24F P/E). 9M22 core net profit rose 102.6% yoy, beating expectations 3Q22 core net profit came in at RM13m (+106.3% yoy), after accounting for one-off gains of RM13.4m (gain on disposal of investment properties of RM6m and estimated RM7.5m in subsidies from the government in relation to the price ceilings on chicken and eggs). This brought 9M22 core net profit to RM36m (102.6% yoy); above expectations at 83.8% of our and 86.5% of Bloomberg consensus full-year estimates. The earnings beat in 3Q22 was due to stronger-than-expected contribution from its retail and poultry divisions. We had expected weaker sales volume from both segments due to surge in feed cost prices. 3QFY22: Stronger qoq performance across all divisions On a qoq basis, 3Q22 revenue and core net profit rose 12.2% and 10.8% respectively. Retail segment’s 3Q22 EBIT rose 87.4% qoq to RM27m, owing to: i) better overall cost control and ii) margin enhancements from selling price hikes. Poultry segment’s 3Q22 EBIT rose to RM7.3m, lifted by the government subsidy of RM7.5m. Excluding this, the segment would have posted a 3Q22 EBIT of -RM0.2m, still narrower than the -RM0.8m in 2Q22, thanks to higher selling prices. Prawn segment’s 3Q22 EBIT expanded to RM2.1m (>100% qoq) owing to the maiden contribution from PT Bonzana, an Indonesia prawn processing plant whose acquisition it completed in 3Q22. Food service segment’s 3Q22 EBIT rose 58.7% qoq, thanks to higher demand from schools (increase in student activities). Expecting a slightly weaker 4Q22F qoq We expect CCK to record a slightly weaker core net profit qoq in 4Q22F, premised on: i) weaker sales owing to lower consumer affordability (reduced spending power amid inflationary pressures), ii) higher input costs from a weaker ringgit, and iii) seasonally weaker performance from its food services unit (lower demand from school due to festive and year-end school holidays) and prawn segment (weaker demand due to seasonality factors). Nevertheless, we project CCK to post net profit growth of 6.6%/5.7% in FY23F/24F, to be mainly driven by its retail (more store openings), poultry (lower feed cost prices) and prawn (full contribution from PT Bozana) segments. Maintain Add, with higher TP of RM1.03 (12x CY24F P/E) In tandem with the 3Q22 results beat, we raise our FY22-24F EPS to account for higher contribution from its retail and poultry segments. Accordingly, our TP rises to RM1.03 (12x CY24F P/E, its current 5-year mean), and we keep our Add call. Besides its attractive valuation (7.7x CY23F P/E, a 35.8% discount to its 5-year mean), we like CCK for: i) the defensive nature of its retail business, ii) its captive market in East Malaysia, and iii) the inelastic demand for poultry goods in Malaysia.
We also acquired shares in relatively attractively value consumer stock, CCK Consolidated Holdings Bhd. The company operates a fully integrated poultry business - from feed mill to breeder farms, hatchery, broiler and layer farms, and abattoir - primarily in the state of Sarawak. The downstream distribution network includes retail stores, supermarkets as well as retail outlets across Sarawak, Sabah and Indonesia (Jakarta and Pontianak). Fresh dressed chicken and chicken parts make up of about 50% of its retail stores' products, where about 70% of its customers are F&B operators.
CCK's revenue grew 21%-26% y-o-y in 1QFY2022/2QFY2022, and 36% in the latest quarter, 3QFY2022, bolstered by the new store openings, contributions from new facilities related to frozen poultry products in Pontianak, as well as recovery in its school food services units. The company's latest venture, the diversification into prawn agriculture and processing - largely for exports, including Australia, Hong Kong, Japan, Dubai, Vietnam and Indonesia - also contributed to top-line growth. Its prawn factories are HACCP-certified and process both cook -and-feel and IQF prawns. Net profit margin recovered to between 5.3% and 5.6% in the last two quarters, as the hotel/restaurant/cafe' businesses rebounded with the easing of lockdown measures. Its trailing PER is only 10 times while dividend yield is around 1.8%.
Waran paling buruk yg pernah ada di bursa Malaysia,ini bos tak tahu malu ka.Cuba tengok dan belajar dari notion waran terbang walau expired april tahun depan
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Posted by DickyMe3 > 2022-03-31 18:19 | Report Abuse
Glory days returning after April 15th.