The Yap family are very aggressive, using all kinds of finances that made available to them to make this company big. This company will either be very big & successful later, or broke later.
We saw this kinds of HK movies many times, using leverage to grow business.
And the poultry feed raw materials which primarily made up of corn and soybean meal, both of them are at yearly low now. https://www.cnbc.com/agriculture/
time for warrant!!! mother 0.53, son 0.25, now mother 0.67, son also 0.25, -2% premium now. huge volume seen on friday for the son. Next week show time...
UOB's report had mentioned that for every 1% rise in feed costs could reduce earnings by 4-5%. So we can see that the latest quarterly result had dropped significantly.
Now the price of corn has dropped 10%-15% while soybean meal has dropped 30% from its peak. So next quarterly should be good or so-so. You guess it by yourself.
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....
somersby
1,881 posts
Posted by somersby > 2018-09-21 15:42 | Report Abuse
Chicken will fly