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
Answer: The Group’s profit before taxation decreased by 259.2% from RM37.8 million in FQE 30 June 2021 to a loss before taxation of RM60.1 million in FQE 30 September 2021, primarily due to increase in raw material costs of livestock feed production.
VERY HIGH PRICES OF MAIZE, SOYA BEAN, WHEAT AND ALL FEED PRODUCTION MATERIAL EATS INTO LHI OPERATION AND TURN IT INTO LOSS MAKING
BETTER SELL AND GO BUY THESE: THPLANT, BPLANT & JTIASA AS HIGH PALM OIL AND PALM KERNAL (ANIMAL FEED STOCK) WILL BENEFIT THEM
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
1,921 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