Since the prospect of egg business has moved in the favour of the company, the merchant bankers will start to come in to promote & buy again, as usual, the price of mother will continue to go stronger, soon the son will follow the same path.
For the warrants, the highest at RM0.81 and the lowest at RM0.235 within one year time, now at RM0.28.
If you think financial year 2019 would be better than 2018, then you should buy & keep, at least 3-6 months, to earn more than 100% return with the warrants.
Now I can see next quarterly result should be very good, at least can back to normal, with the reason:
a) Cheap corn & soybean prices, which are raw materials for chicken feed. b) High selling prices of eggs and broilers.
And the new contribution of additional 400 tonnes liquid eggs & 2000 tonnes frozen foods will make 3rd quarter result looks better than previous, starting from October 2018 this year, hopefully.
i tried the cheese chicken tempura last weekend, damn nice and even taste better than mcd nugget... i really see huge potential with layhong downstream processed meat business, specially during the completion of capex cycle with the 2 new factories and improved revenue started...
That's moving strong, hope now all are cleared to move up progressively
-------------------------------------------------------------- moneySIFU Short term target = 0.80, next year target = 1.00 That's my 2 cents opinion. Hope all plans will be executed well. Let's hope for the best. 21/09/2018 20:06
i'm restrict myself to sell now, i confidant layhong will goes back to 90 cents one or two months time after the management has clarify all doubts during AGM this friday...
Short term target = 0.80 is achievable, next catalyst no need to wait until announcement of next quarterly result, but AGM on this friday, just stay tune.
Posted by moneySIFU > Sep 24, 2018 03:19 PM After 1 year of sleeping, final got 1 true gem selling cheap because the perfect storm, let's hope for the best.
Posted by KLCI King > Sep 24, 2018 03:24 PM Well done again, moneySIFU.
egg is cheap/good source of protein and healthy fat , eat it half cooked , add some salt and pepper for taste , man after eat will become more studly , woman after eat will get bigger ( o ) ( o ) lololol
yes this friday AGM... everyone is expecting good news and doubt to be cleared during AGM, thats why the price is gaining momentum to recover back now...
If you do hold Layhong shares, please for conscience's sake, buy Nutriplus eggs for your daily consumption. You and I need to eat anyway, so we can help Layhong to lay more eggs. Thanks!
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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....
moneySIFU
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Posted by moneySIFU > 2018-09-24 12:23 | Report Abuse
Since the prospect of egg business has moved in the favour of the company, the merchant bankers will start to come in to promote & buy again, as usual, the price of mother will continue to go stronger, soon the son will follow the same path.