Look at the graph for corn price. It has fallen in Q3 and expected to ease the cost pressure. Egg price also increased a lot in Q3 compared to Q2. This is confirmed by the management itself where oversupply situation in Q2 has been addressed in Q3. Shop around and you will notice egg price has gone up.
happy. bought rm0.53 yesterday. it is clear that support at around 0.52+/- kakakakaka. wait 0.6++ i will sell to get 5 years free supply of nutriplus. kakakakak
@ramada True that Lay Hong has RM250mil debt and I agree it's a bit on the high side. However, the quarterly report clearly says the short-term borrowing mostly comprises of banker's acceptance used to purchase biological assets and inventories, ie. chicken and raw materials. They are currently expanding and have to borrow money to buy all these things.
On long-term borrowing, they are term loans used to finance the construction of layer farms and broiler farms. As what Underdog888 has pointed out, these are all good debts used to finance business expansion. The company knows that rights issue, bonus issue etc are bad for shareholder's value as thus chose to get debt.
Also, RM250mil shouldn't be compared side-by-side to the cash in hand. Quarterly finance cost is around RM3mil. So long Lay Hong recovers in the coming quarter and earns average of RM10mil, the payment of finance cost is not a problem.
wahahhaha Congratulations thanks Layhong LAY HONG BHD is easy money just buy and keep
As I said b4 buy when people panic sell LAY HONG BHD why is a comfirm up company because LAY HONG BHD biz not many competitors ex Banks got too many banks in Malayis a Oil counters got damn damn too many oil counters like daya and so on steel couters also f manymanty many in Malaysia ,
So I said LAY HONG BHD is good because like monopoly company in Malaysia same as Sign \
So I confirm and 100% comfirm LAY HONG BHD can up back Yes
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....
Underdog888
69 posts
Posted by Underdog888 > 2018-08-29 10:07 | Report Abuse
Bought early in the morning!
Already ask my kakak to buy and cook only Nutriplus eggs nuggets fried chicken sausage!
Hahahaha.