The demands of 'chicken' will be higher (chinese new year is coming), thus the price of 'chicken' will go higher during this period. Further with strong ringgit, CAB which deal with 'chicken' sure will earn more.
Historically, CAB tends to move lower upon release of QR (at least based on the price movement for the past 3 QRs release), despite better QR results. Will history repeats this time? Let us see tomorrow.
after cab flush out below rm0.90 with low volume, and stronger 1st qrter profit earning, new high is expected . Full time: the last qrter profit pls excluded RM9mil(gain on fair value), dont just read the figure only, 1st qrter profit from operation increasing compare last qrter.
Highest revenue in history and 70% increase compared to previous quarter. More to come through the increase in selling price due to closure of small and medium farms as well as lower cost of feed as a result of strengthening RM in coming quarters according to QR. Good to see that the company expanding through acquisition of subsidiary and investments in new outlets. Expect it to go up to RM1.20 before next quarter as for a growing company it should be valued above current PE of 9.67
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plus Chinese festive