LHI’s 1Q21 core net profit of RM72.0m (QoQ: +41.7%; YoY: +222.8%) beat expectations, accounting for 41.7-46.5% of consensus and our full-year estimates. The positive results surprise was due mainly to stronger-than expected livestock prices in Malaysia and Indonesia, as well as better-than expected contribution from Singapore operations. We raise our FY21-22 core net profit forecasts by 5.9% and 4.8%, mainly to account for higher selling price assumptions for broiler chickens and DOC in Malaysia and Indonesia. Maintain BUY rating with a higher TP of OVER RM0.90 (from RM0.76 previously), to reflect an upward revision to our core net profit forecasts and the roll-forward of our valuation base year.
I believe many who bought at ipo price or above must be very very frustrated with this company for for having failed them. Even for those who bought at 0.80 n above
The price was from 0.66 drop to 0.56. The price reflected from the bad qr. Won't drop more la. Last year also like that, it will up after all bad things.
Baker's Cottage now open everywhere, their roasted chicken price also increase a little bit from time to time. I think future LHI is bright, every time new outlet open, a lot positive comments from social media
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....
Sweetchocalates
1,994 posts
Posted by Sweetchocalates > 2021-07-09 15:01 | Report Abuse
Operator keeps selling 5 lots to make the price red. Want cheap tickets? Haha