Everyone are all busy about election but they forget bulan puasa sudah dekat. Sales of chicken and eggs will surge in both Malaysia and Indonesia with huge muslim population. And guess who have those share market.
Profitability of the business will be boosted by growth in capacity due to acquisition of the breeder and broiler farms from Sinmah’s Group. The broilers output is expected to increase to 120 million kg per year in 2018 from 116 million kg in 2017.
CAB’s total capacity for slaughtering has increased by about 36,000 birds per day to 110,000 birds per day, following the acquisition of Farm Best Food Industries Sdn Bhd.
CAB using closed house system when others are open, and small to medium farms will have to shut down due to government policy and high investment costs to upgrade.
CAB has signed a joint venture agreement with the Salim Group to set up an integrated poultry business in Indonesia in November 2017. The ground work under this joint venture to commence in 2018.
share performance lacking behind cck due to previous share split. If you look at the number of share issued, you will find out CAB got more pieces of cake to apportion than CCK. So in term of business performance, i think CAB is better than CCK due to limited market coverage of CCK (East Malaysia only & less export business).
Not to forget CAB now already expanded their oversea business in Indonesia with Salim Group which has 11,000 convenient stores and operates more than 500 KFC outlets. Very bright future prospect. It's just a matter of time before more profits come pouring in.
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Posted by topseeker > 2018-03-20 10:49 | Report Abuse
own feedmill also need to source raw material from oversea. Malaysia feedmill import 70% raw material like corn and soybean