- Chor How also believes that the group is on track to record a better financial performance in FY20, on anticipation of a recovery in egg prices.
- “From what I see, the price impact only started to be reflected in our third quarter. The full impact of better pricing is likely to be seen in the fourth quarter [of FY19], the first quarter of the upcoming financial year, and the preceding quarters,” he said.
- Hence, management, said Chor How, is confident that the group can “easily” improve in terms of its bottom line.
- While Chor How is brimming with confidence, there appears to be more sceptics than believers at this juncture, going by the group’s share price movement.
Demand for chickens and eggs will never be stopped... Just imagine how the life look like without chickens and eggs... Everyone can become vegan?? Even some vegans take eggs as well, lol..
It the global market sentiment due to increased tariff from US on China products. Take some trading days for this fact to sink in. Next, it would back to business as usual. Just bear with it for this next one week.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
HerbertChua
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Posted by HerbertChua > 2019-05-06 16:36 | Report Abuse
https://klse.i3investor.com/blogs/Herbert/205284.jsp