demand for chicken meat will remain high as it is the cheapest source of meat protein. It also added that the per capita consumption of chicken meat in Malaysia is one of the world's highest, at around 50kg.
the local poultry industry is beginning to show improvement in production output after the Covid-19 pandemic and the arrival of foreign workers since October last year.
“While the industry still needs more time to return to the pre-Covid period, there are signs that the worst is over
On selected sectors, MIDF kept a "buy" rating on several companies, including F&N Holdings Bhd with a target price (TP) of RM29.70, QL Resources Bhd (TP: RM6.30), Leong Hup International Bhd (TP: 80 sen), Spritzer Bhd (tp: RM2.64), Hup Seng Industries Bhd (TP: 79 sen) and AEON Co (M) Bhd (TP: RM1.81). Meanwhile, Nestle Malaysia Bhd was maintained as "neutral" with a TP of RM137.80.
The research house said that the announcement is not expected to affect its earnings projection for consumer companies under its coverage as its had factored in the higher consumer spending into its forecast for 2023.
Listing Information & Profile for Structured Warrants LHI-C5: CW LEONG HUP INTERNATIONAL BERHAD (AM) Instrument Category Structured Warrants Instrument Type CALL WARRANTS Description European Style Non-Collateralised Cash-Settled Underlying Stock LEONG HUP INTERNATIONAL BERHAD Issuer AMBANK (M) BERHAD Stock Code 6633C5 Stock Short Name LHI-C5 ISIN Code MYL6633C5X44 Board Structured Warrants Sector CONSUMER PRODUCTS & SERVICES Initial Listing Information Listing Date 14 Jul 2022 Term Sheet Date 13 Jul 2022 Issue Date 13 Jul 2022 Issue/ Ask Price Malaysian Ringgit (MYR) 0.1500 Issue Size Indicator Unit Issue Size in Unit 80,000,000 Maturity Date 05 Apr 2023 Name of Guarantor Name of Trustee Coupon/Profit/Interest/Payment Rate Coupon/Profit/Interest/Payment Frequency Redemption Exercise/Conversion Period 10.00 Month(s) Revised Exercise/Conversion Period Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.5500 Revised Exercise/Strike/Conversion Price Exercise/Conversion Ratio 1:1 Revised Exercise/Conversion Ratio Settlement Type/ Convertible into Cash Name and contact details of market maker (If applicable) AmBank (M) Berhad 22nd Floor Bangunan AmBank Group No. 55, Jalan Raja Chulan 50200 Kuala Lumpur Malaysia 03-2059 8698 Circumstances under which the market maker may not be able to provide quotes (If applicable) Please refer to Section 5.2 of the Base Prospectus dated 24 August 2021.
Announcement Info Company Name LHI-C5: CW LEONG HUP INTERNATIONAL BERHAD (AM) Stock Name LHI-C5 Date Announced 13 Jul 2022 Category Listing Information and Profile Reference Number LIP-08072022-00019
Not necessary, they also are planning to reprivatise LHI :)
Leong Hup was delisted in April 2012 following the privatisation exercise by Emerging Glory Sdn Bhd, a company owned by the founding Lau family. Based on annual production, LHI is the largest integrated producer in Malaysia and the third largest in Indonesia and Vietnam.
To recap, Leong Hup targeted to raise up to RM1.2bil from its IPO that includes an offer for sale of shares held by existing shareholders and the issuance of new stocks.
The IPO involved the offer for sale of 937.5 million shares or 25.68% of the company. This excludes an over-allotment option that could increase the public shareholding spread to 29.54%.
The IPO comprised an offer for sale of 687.5 million shares by existing shareholders – the Lau family and private equity firm Affinity Equity Partners – and the issuance of 250 million new shares at RM1.10 each.
Of the total amount to be raised, RM275mil will go to the company. Leong Hup said RM207.7mil, or 75% of the amount, would be set aside for business expansion.
The Philippines is the biggest recipient of the proceeds from the IPO, followed by Vietnam (RM47mil) and Malaysia (RM40.7mil).
Perlu lakukan - regularly rewarding shareholders with dividends, capital gains and earnings growth. They must build a track record of growing and rewarding shareholders.
Lhi needs to reward shareholders with dividend either cash or share to boost its share price. As easy as ABC.... The ex-deloitte partner as director and the Group CFO must advise the founder... The last puzzle to make its share price to fly
LEONG HUP INTERNATIONAL BERHAD (Company No. 201401022577) (1098663 – D) (Incorporated in Malaysia) INTERIM FINANCIAL REPORT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2022 Page 3 of 27 UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Unaudited Audited As at As at 31/12/2022 31/12/2021 Note RM'000 RM'000 ASSETS Non-Current Assets Property, plant and equipment 2,784,462 2,770,319 Investment properties 21,995 22,278 Right-of-use assets 417,740 395,105 Intangible assets 99,214 96,080 Investment in associates 1,635 1,728 Other receivables and deposits 16,515 39,337 Amount owing by Associates 17,290 16,273 Deferred tax assets 72,961 70,120 Total Non-Current Assets 3,431,812 3,411,240 Current Assets Biological assets 419,624 406,216 Inventories 1,025,850 973,519 Trade receivables 649,878 624,707 Other receivables and prepaid expenses 173,217 115,360 Asset held for sale - 2,093 Tax recoverable 51,475 32,058 Cash and bank balances 840,288 764,621 Total Current Assets 3,160,332 2,918,574 TOTAL ASSETS 6,592,144 6,329,814 EQUITY AND LIABILITIES EQUITY Share capital 1,499,684 1,499,684 Merger reserve (662,966) (662,466) Reserve 1,168,325 969,842 Equity attributable to owners of the Company 2,005,043 1,807,060 Non-controlling interests 584,531 552,780 TOTAL EQUITY 2,589,574 2,359,840
The founder must be generous with the shareholders, lhi made so much profit and cash rich, he should reward the shareholders and the share price will go up naturally. Bear in mind that shareholders paid rm1.10 during the IPO
Above expectations Our FY23E-FY24E earnings estimates are raised by 9%-10% and we introduce FY25E. Into FY23, we expect LHIB’s operating landscape to improve with Malaysia’s poultry price controls coming to an end in Jul 2023 and expectations for more stable livestock and feed demand in its other respective countries of operations. Our TP is raised to MYR1.00 based on an unchanged 15x FY23E PER. Maintain BUY.
Leong Hup International saw a bullish bias emerge after breaking past the MYR0.51 resistance level with strong volume. The latest breakout printed a “higher high” with a “higher low” bullish candlestick. The momentum should propel the stock towards the next resistance mark – pegged at MYR0.54 – and followed by MYR0.56. On the downside, falling below the MYR0.485 support level would resume the correction.
simpan je...lembaga pengarah akan bayar dividen semula... 2023 tahun pemulihan harga... dah sedar untuk reward shareholders supaya harga saham melambung... Stay ya! :)
2023 Tahun Revival & Kesedaran - Dividen is coming!
banyak stok PN17 pun dah melantun.......... LHI stok yg tak pernah rugi... biz & keuntungan kian bertumbuh .... tahun ni, harga pasti melambung.. sabar
LHI - market leader in poultry biz in msia, market leader... kini dah di spore, filipina, indon, dll dalam ASEAN dah... kian bertumbuh... tetap setia ya!
dengan kawalan harga dimatikan supaya penawaran naik untuk mengurangkan kebergantungan negara terhadap import makanan, masa depan LHI kian cerah dan terang
price control over egg and chicken is abolished starting 1st July 2023,.,. This will encourage LHI to produce more in msia and utilise its plant capacity to the max... Q3 & Q4, 2023 are expected to be the best year in LHI's history
the founder had learned the lesson in the past that lack of rewards e.g. dividend in cash or bonus share had caused its share price to be stagnant in the past that caused him to take LH private in the past... after relisting, LHI declared dividend yearly , only in 2022 stopped temporarily.. restart this year.... sabar bro!
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....
Good123
26,596 posts
Posted by Good123 > 2023-03-07 09:16 | Report Abuse
Fund mgrs are buying probably sungguh aktif