The performance of the integrated poultry farming and processing division in the first quarter is expected to be adversely affected by the low average selling price of broilers. The over production of broilers, particularly in China and Thailand, has resulted in an oversupply situation and contributed to intense competition in Malaysia as the price of imported chicken meat becomes cheaper than those produced locally. Coupled with the current weak consumer sentiment, we do not expect the division to contribute positively to Group’s earnings in the next quarter.
The management will continue to take the necessary actions to improve operational efficiency in the supermarket division. Better system in allocating resources and providing proper training for the workforce in the last quarter has shown great improvement both in the reduction of operating cost and wastages. The division will undertake more promotional activities to arrest declining sales due to the general weak consumer sentiment.
The value added food products manufacturing and trading division is expected to face intense price competition and higher cost of raw materials in the coming months. Weak market sentiment and low margins will have a negative impact on its bottom line but the division is expected to contribute positively to Group’s earnings. The marine products division is no
Buy with confidence. Growth potential is very bright with the tie up business with Indonesia business tycoon. Indonesia's huge consumer market is the new impetus in CAB's expansion.
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Posted by kk123 > 2015-12-05 19:05 | Report Abuse
It's the most overpriced chicken stock now