The factual is LHI, IPO price at RM 1.10, now slash more than half price and yet earning is recover back to above IPO profit. Now, it need more time to prove that is earning recovery is sustainable forward. Chicken and egg price not only increase locally, but also globally like in US, UK, taiwan etc. Feedstock cost like soya, corn are ease off and normalize back but selling price remain elevated. US currency also on weakness, further reduce import cost, boosting up profit margin
According to Bernama, local media reported an almost 30 per cent shortage of fresh chickens in the market. This has caused an increase in the price for the poultry.
......The price of chicken at the retail level was reported to have risen to RM11 per kilogram since the start of Ramadan and is forecast to rise to RM11.50 in the near future.....
The feedback received from the egg wholesalers stated that the main factor behind this sudden drop is due to lack of eggs received from farm operators. It is due to the increasing demand for eggs during Ramadan and the farms prioritise their own local market first.”
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....
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