LAYHONG operating cash flow 138mils.. I believe pare down the debt of 200mils is no problem. Eps 7c with 42c share price is SUPERD attractive to me.. So far, the only one
not purely due to gov subsidy, cheaper costs also, some more if gov stop giving subsidy it is not nescessary bad thing, that's mean price can start to increase also. people want or don't want also must buy egg. at the end only absorbed by inflation again, but the company profitability may remains
plus this company also own's valueble brand of nutriplus which also consist of other frozen food products, some increase in profitability also come from this sector of "food manufacturing"
price before rally start (RM0.30) + earning this QR (RM0.07) = RM0.37. I assume this the bottom in case price going retract due to profit taking. at least need to incoorporate the earning into the price as in increase of NTA
Individual corresponding quarter - FY24-Q3 vs FY23-Q3 Revenue for the integrated livestock farming (ILF) segment decreased by 24.38% or RM70.67 million from RM289.92 million to RM219.25 million due to due to lower eggs sales quantity from lower production of eggs.
Revenue for the food manufacturing (FM) segment recorded an increase of 284.00% or RM102.48million from RM36.06 million to RM138.54 million due to increase in sales quantity of primary processed and further processed poultry products.
Revenue for retail business (RB) decreased by 13.43% or RM8.77 million from RM65.34 million to RM56.56 million due to lower retail sales quantity.
Overall, the Group recorded a higher profit before tax (PBT) of RM74.95 million as compared to the previous quarter PBT of RM10.62 million. This amount is inclusive of subsidies received from the government.
Cumulative QoQ Revenue for the food manufacturing (FM) segment recorded an increase of 28.09% or RM85.55 million from RM304.56 million to RM390.11 million due to increase in sales quantity of primary processed and further processed poultry products.
QoQ
Revenue for FM segment registered an increase of 14.41% or RM17.45 million from RM121.09 million to RM138.54 million. The increase in revenue was due to increase in sales quantity of primary processed and further processed poultry products.
YoY Revenue for the food manufacturing (FM) segment recorded an increase of 284.00% or RM102.48million from RM36.06 million to RM138.54 million due to increase in sales quantity of primary processed and further processed poultry products.
topped up a few more at 0.425. didn't entered much yesterday as was busy to react with QR report also didn't follow this counter previously. after fully reading the report realising the increase of profit also come from food manufacturing and improved EPS is likely to be sustainable in some extend. hardly back to the old 0.60 sen per quarter level. nutriplus is a strong competitive brand in frozen food sector. they did mention they bought the remaning 51% share of nutriplus so they now have full control and also all the revenue and profit from nutriplus will be recognised under this counter LAYHONG
let's say future EPS stabilized at 2 EPS per quarter. that's give us a well known established grocery business at PE 5 and good NTA discount if price remains at current 0.4 level by that time
Reading RJ87 post, It seems that Lay Hong poultry products sale increase but eggs sales drop. If you see CAB as pure poultry and poultry product producer which share price is advancing before 1st Q results release, may be there is a hint. however, I wound not recommend to buy CAB now, because best enter price may be before 0.75
rarely got famous household brand trading below NTA, investors like to value these names and eventually give premium price above NTA once EPS growth stabilized. keep on monitoring their business and next QR. unless prospect changes I will not hesitant to top up if price falls to certain levels
if you own 59 million shares and you only sell 100K shares. Is that huge dumping? He doesn’t need the money. If it’s overvalued, he would be dumping in the millions.
Only thing I can think of is he wants you to think it’s bad and wants you to dump to him.
What to worry for 7c eps vs 42.5c price? Slowly refill the gas to fire up after correction.. Journey to $1.00 is easy and tough for trader and investor
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....
pang72
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Posted by pang72 > 2024-02-26 19:17 | Report Abuse
Excellent closing 42c nia!!