chicken and egg prices are controlled by govt....there won't be any catalyst for this stock...will drop further because none of these items increase in prices....wait until 0.40 cents
ding dong here for what if worry.... if company not able to make profit in future, no point to.wait at 0.5,0.4,0.3, want to clear yr doubts? just visit to their site, you'll find the answer.
Posted by Ooi Teik Bee > Aug 25, 2018 09:21 PM | Report Abuse
TA - Very weak, the price is at new low. I believe no much downside now. FA - I believe the price is fair price now, will not drop much. My advice, I will hold and sell on rebound. I will not advise to buy now because TA is very weak.
Posted by kcchongnz > Aug 25, 2018 10:28 PM | Report Abuse
kcchongnz is not a super investor. He never claims as one. A super investor is too big a hat for him. What he is doing here is just to share some investment knowledge and experience which he claims are useful for investing in the stock market.
I don't know much about Lay Hong, but more of QL. I admire the management of QL which has been creating shareholder value maximizing for many years. I heard the management of Lay Hong is also good.
The fundamentals of Lay Hong is good. It has consistently making money in the past. For the latest annual financial performance, it did well too with net profit doubled to RM41m, or 6 sen per share.
Margin of this type of business is low, but it is able to leverage it and obtain reasonably good ROE of 11.4%.
Valuation wise okay with both PE and EV/Ebit of about 10, much lower than QL, I think.
Just one concern. Why did the director kept on selling his warrants last month? Is there something we don't know?
I will rate Layhong as a longer term investment. If I have it, I will keep it, after its share price has dropped so much. We don't buy something we think good but then sell it for half the price later for no apparent reason, do we? Of course if something seriously happen.
Peter Lynch talks about study company and their competitors, sometimes he finds the competitors are much stronger.
First you got to know the incident. Then analyse. Then you know how QL is. (It affects almost EVERY OTHER PLAYER in the industry, once market demand restores, QL is there to take advantage of it.)
300,000 eggs a day (let's assume every hen lays everyday) x 50% shareholding x RM25 for the price of a pullet (let's assume you actually can buy pullet)
Actually that's not very much.
But....what about cost of the fitting and structures.
Probably they can't use it/don't want to use it anymore.
How much is 7 ECH? plus the land etc.....
Maybe they would want to write it off.....one go.....just my guess.....STF has always been trouble, why don't bankrupt the old company and rebuild a 100% ownership one. Well, just my guess.
even sinchew also want to lie, the company announcement disclosed AGM is next month! why is everyone, especially the newspapers, investment banks all spreading false news on the company?
KLCIKing, you put all hte links here, but you cannot even put the correct link. You are such a dumb f**k. Go the the company's announcement under General notice of meeting, the AGM date is 28 September 0218. You are the one spreading false news, period.
NOTICE IS HEREBY GIVEN THAT The Thirty-Fourth Annual General Meeting (“34th AGM”) of LAY HONG BERHAD will be held at The Ballroom III, Ground Floor, Premiere Hotel, Bandar Bukit Tinggi 1/KS6, Jalan Langat, 41200 Klang, Selangor Darul Ehsan on Friday, 28 September 2018 at 11.30 a.m. for the following purposes:-
KLCIKING, you should put some effort to go to a doctor to either get your brain or eyes checked. You must be retarded to think that 28 September 2018 is not next month
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....
Yu_and_Mee
3,455 posts
Posted by Yu_and_Mee > 2018-08-25 09:25 | Report Abuse
Alex, what is the preferable entry price for layhong at this situation?