How does dividend policy affect firm valuation? Dividend Pay Out Ratio is what determines the amount of dividend per share (Dividend Per Share). If a large dividend is paid then it will increase the stock price which also result in an increase in the firm value. Another determinant that may affect firm value is firm size (SIZE). https://core.ac.uk › download › pdf The Effect of Dividend Policy, Firm Size, and Productivity to ... - CORE
Semua manusia perlu makanan... Peperangan eropah menyebabkan makanan... Kovid menyebabkan inflasi ... Kekurangan penawaran makanan ... Ramai manusia dah mati ... Berpuluh-puluh ribu rakyat turut terkorban termasuk penternak dan petani kegagalan kerajaan lama mengawal kovid turut memudaratkan semua
Saya dah tutup semua posisi stok pn17 dan sykt yg rugi..
Lindungi modal anda tahun ni... Ketidaktentuan ekonomi tahun ni , pilih industry dan sykt yg sentiasa untung setiap tahun dan undervalued macam lhi .. good luck
THE STAR PETALING JAYA: Leong Hup International Bhd’s wholly-owned subsidiary, Leong Hup Feedmill Malaysia Sdn Bhd (LFM), could be fined RM157.47mil if it is found guilty of infringing Section 36 of the Competition Act 2010.
6633 LHI LEONG HUP INTERNATIONAL BERHAD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Dealings Outside Closed Period 1. Details of Dealings Outside Closed Period Salutation : MR Name : CHEW ENG LOKE Designation : Others Description of "Others" Designation : Group Chief Financial Officer Type of Transaction : Acquired Date of Transaction : 01/03/2023 Description of Securities : Ordinary Shares (Direct Interest) No of Securities Transacted : 55,100 % of Securities Transacted : 0.002 Consideration : Malaysian Ringgit (MYR) 26,999.000 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
LHI akan menang.. director dan CFO started buying shares
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Notice Of Proposed Decision Issued By The Malaysia Competition Commission Pursuant To Section 36 Of The Competition Act 2010 To Leong Hup Feedmill Malaysia Sdn. Bhd., A Wholly-owned Subsidiary Of Leong Hup International Berhad - Update BackJan 31, 2023 Type Announcement Subject OTHERS Description NOTICE OF PROPOSED DECISION ISSUED BY THE MALAYSIA COMPETITION COMMISSION PURSUANT TO SECTION 36 OF THE COMPETITION ACT 2010 TO LEONG HUP FEEDMILL MALAYSIA SDN. BHD., A WHOLLY-OWNED SUBS
(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company’s announcements dated 5 August 2022, 9 August 2022, 5 September 2022, 14 October 2022 and 19 December 2022 except where the context otherwise defined herein)
Further to the Company’s announcements made on 5 August 2022, 9 August 2022, 5 September 2022, 14 October 2022 and 19 December 2022 pertaining to the notice of proposed decision issued by the MyCC, the Board of Directors wishes to inform that LFM had on 31 January 2023 filed its written representations with the MyCC.
Further announcement will be made as and when there is material development on the above matter.
This announcement is dated 31 January 2023.
Announcement Info Company Name LEONG HUP INTERNATIONAL BERHAD Stock Name LHI Date Announced 31 Jan 2023 Category General Announcement for PLC Reference Number GA1-31012023-00053
6633 LHI LEONG HUP INTERNATIONAL BERHAD Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name : CHU NYET KIM NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia Address: - Descriptions (Class and Nominal Value): Ordinary Shares Details of Changes Date of Notice : 02/03/2023 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 01/03/2023 Acquired 200,000 - Circumstances by reason of which change has occurred: Acquisition of shares Nature of Interest: Direct Interest Consideration: You are advised to read the entire contents of the announcement or attachment. No of Shares Held After Changes: Direct : 800,000 shares (0.0220%) Total : 800,000 shares Remarks: The percentage of the 200,000 ordinary shares acquired is 0.005% calculated based on the issued shares of 3,650,000,000 ordinary shares as at 1 March 2023.This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
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.
Futher boost to the poultry industry too. Price control lifted in July 2023 and boost supply, surely lhi sales could exceed rm10bil this Year... Last year dah ~rm9bil
KUALA LUMPUR: Kenanga Research maintained its "overweight" stance on the consumer sector although it noted some headwinds for F&B producers in the form of narrowing margins.
"We expect topline for the remainder of 2023 to be resilient supported by higher footfall due to seasonality, strong spending power of its primary target customers (M40 group), given their healthy household balance sheet, expansion and refurbishment of stores, and gradual return of international tourists.
"However, we are cautious on the margins as players mostly from the F&B segment are still exposed to prevailing high operating costs, coming from inputs and wages," it said in a note.
The research firm said retail players are likely to maintains sales volume as their customer base is skewed towards the M40 group, whose spending power is supported by a healthy household balance sheets.
The F&B producers on the other hands are likely to maintain their robust sales but are will experience contracting margins as they have little room to hike prices given their predominantly B40 customer base, which has been harder hit by inflation.
For the retail sector, Kenanga's top picks include Aeon Co (M) Bhd, whih will benefit from the return of in-person shopping as opposed to online, a resurgence of shopping in malls as opposed to neighbourhood grocers, and the return of the office crowed, who were previously working from home.
It is also bullish over Aeon's M40 customer base and its digital transformation, especially the introduction of self-checkout for customers that will result in cost savings and partially mitigate the labour shortage issue.
The research firm also like Padini Bhd for being a beneficiary of M40 customers replenishing their wardrobes and its strong net cash position enabling it to purchase inventory ahead of prices hikes and potential supply disruptions.
Kenanga' third top sector pick is QL Resources Bhd for its strong export demand for its marine products as exports have normalised post-pandemic.
The research firm said it is also positive on the group's strong Family Mart convenience store franchise and strong growth potential of its poultry business in Indonesia and Vietnam as living standards improve.
Meanwhile, Kenanga is projecting a bumper second half to 2023 for the consumer sector with the onset of major festivities and school holidays while consumer spending continues to normalise.
"Anecdotal observations suggested strong shopping footfalls for the Chinese New Year celebrations and the same scene is likely to be repeated ahead of AifilFitri in April 2023," said the research firm.
For 4Q22, the research firm said the consumer sector's results largely met its forecasts with 59% of the companies under its coverage coming within expectations.
It said the large number of in-line results for the 4QCY22 quarter implied better management and operational efficiency keeping at bay the upward cost pressures.
Lhi Ada ekonomi skala besar, kos per unit theoretically lebih rendah... Founder tweak dividend policy, fly terus, undervalued in share price highlighted by all licensed investment analysts with banking group
It would fly once the mgmt agreed to the dividend policy proposed by fun mgrs / institutional investors
A stable dividend policy is the easiest and most commonly used. The goal of the policy is a steady and predictable dividend payout each year, which is what most investors seek. Whether earnings are up or down, investors receive a dividend. https://www.investopedia.com › terms Dividend Policy: What It Is and H
Chu Nyet Kim is our Independent Non-Executive Director. She has more than 34 years of working experience in the field of taxation, finance and accounting functions.
She obtained her Diploma in Accounting (Honours) from Algonquin College of Applied Arts and Technology, Canada in 1977. She became an associate member of the Chartered Association of Certified Accountants, United Kingdom (now known as Association of Chartered Certified Accountants, United Kingdom) (“ACCA”) in 1995 and she has been a Fellow member of the ACCA since 2000. She became a member of the Malaysian Institute of Accountants (“MIA”) in 2018.
She began her career in Harrisons & Crosfield (Sabah) Sdn Bhd in 1977 as an accounts executive until 1980 before leaving the company to study full time for her ACCA. She then joined Houw Hing Co., Singapore, a trading company and served as an accountant from 1984 to 1987. Thereafter, she moved to Indonesia and went on sabbatical before re-entering the workforce when she joined Deloitte Indonesia (“Deloitte”) in Jakarta, Indonesia in 1989. She was admitted as a partner in Deloitte in 1997 and later became a senior partner of Deloitte Southeast Asia Cluster until her retirement in 2016. In the 27 years that she was with Deloitte, she held various positions, specialising in taxation with her last designation as the Leader of Global Employer Services (a tax service line) and Tax Risk Leader/Deputy Tax Managing Partner of Deloitte Indonesia. As the Tax Risk Leader of Deloitte Indonesia, she worked closely with Deloitte Southeast Asia Tax Risk Leader to build up the tax risk management team in Indonesia. She was appointed to our Board on 1 August 2018. She is also a member of the Audit and Risk Committee as well as Nomination Committee of the Company. She does not hold any other directorship in public companies and listed issuers in Malaysia other than the Company. She has been a Commissioner of PT PZ Cussons Indonesia (“PT PZ Cussons”) since 2016. PT PZ Cussons is a subsidiary of PZ Cussons PLC, a company listed on the London Stock Exchange and a constituent of the FTSE 250 Index.
She does not have any family relationship with any Director/major shareholder of our Company. She does not have any conflict of interest with our Company. She has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. She attended all the five (5) Board meetings held during the financial year.
TAN SRI LAU TUANG NGUANG Non-Independent Executive Director & Group Chief Executive Officer
Tan Sri Lau Tuang Nguang is our Non-Independent Executive Director, Group Chief Executive Officer and President Director of Malindo Feedmill. He completed his secondary school education in 1975. He has over 38 years of experience and expertise in the integrated livestock industry.
He began his career in the family farm business at one of our Group’s subsidiaries where he gained experience through running the operations of the Grand Parent Stock (‘GPS’) and breeder farms and was director from 1978 to October 2018. He has been a director of LH Holdings since 1986. He sat on our Board from 2014 until his resignation on 1 August 2018. He was appointed as our Group’s Chief Executive Officer on 13 June 2018 and was re-appointed to our Board on 23 November 2018.
As the Group Chief Executive Officer, he oversees the entire business operations of our Group covering Malaysia, Singapore, Indonesia, Vietnam and the Philippines. He sat on the board of Teo Seng Capital Bhd (“Teo Seng”) from 2009 to August 2018 and is the current President Director of Malindo Feedmill, both being our listed subsidiaries.
He served as a panel advisor to the Ministry of Agriculture and Industry (“MOA”) (now known as the Ministry of Agriculture and Food Industries) in 2004 and currently sits as a panel member of the National Agriculture Advisory Council to the MOA. From 2005 to 2006, he was the President of the Federation of Livestock Farmers’ Association of Malaysia, an association instituted for the safeguarding of the livestock farming community’s interest and the betterment of the livestock industry and presently sits on its advisory panel.
His notable achievements include receiving the Lifetime Achievement Award which was awarded by Department of Veterinary Services of Malaysia in 2013 during the 7th Malaysian Livestock Industry Award and being appointed as a panel member of National Agriculture Advisory Council, under the purview of the MOA in 2018.
Currently, he also sits on the boards of various subsidiaries of our Group and several other private limited companies. He does not hold any other directorship in public companies and listed issuers in Malaysia other than the Company.
He is the brother of Tan Sri Dato’ Lau Eng Guang and Lau Chia Nguang; and the uncle of Datuk Lau Joo Hong, Lau Joo Han and Lau Joo Keat who are the Directors/major shareholders of our Company. Except for certain related party transactions of revenue or trading nature which are necessary for the day-to-day operations of our Company and its subsidiaries and for which he is deemed to be interested, there are no other business arrangements with our Company in which he has personal interest. He has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. He attended all the five (5) Board meetings held during the financial year.
Tay Tong Poh is our Independent Non-Executive Director. He obtained a Bachelor of Science in Electrical Engineering from the University of Southern California Viterbi School of Engineering, United States in 1984 and a Master of Business Administration (Finance) from the University of Chicago Booth School of Business, United States in 1986.
He has 18 years of experience in corporate banking, corporate finance, project finance, leveraged finance and debt capital markets in J.P Morgan Securities (Asia Pacific) Limited (“JP Morgan”). He began his career with Chase Manhattan Bank, Singapore (“CMB”) as an associate in 1987 and transferred to Chase Manhattan Asia Limited, Hong Kong (“CMAL”) in 1993. Both CMB and CMAL were the predecessors of JP Morgan. He held various senior management positions in JP Morgan with his last designation as managing director of Debt Capital Markets, Asia Pacific where he was responsible for the loan syndication business of JP Morgan in Asia Pacific and aided in establishing JP Morgan as one of the market leaders in leveraged finance in the region.
He took a career break after he left JP Morgan in 2004 and relocated to Singapore in 2005. He joined United Overseas Bank Limited (“UOB”) as Head of Investment Banking and Executive Vice President from 2006 to 2011. Whilst in UOB, he served as a member of UOB’s Management Committee and Investment Committee. He joined Affinity Equity Partners (“Affinity”) in 2011 as managing director and Head of Portfolio Management and was responsible for various functions, including performing due diligence and opining on Affinity’s investment opportunities, monitoring of investment portfolios, performing portfolio valuation and supervising Affinity’s responsible investment policy. He also represented Affinity on the board of directors of several portfolio companies. He retired from Affinity in June 2018 and resigned from the board of directors of the portfolio companies and Affinity’s group entities.
He was appointed to our Board on 1 August 2018. He is also the Chairman of the Nomination Committee of the Company. He does not hold any other directorship in public companies and listed issuers in Malaysia other than the Company.
He does not have any family relationship with any Director/major shareholder of our Company. He does not have any conflict of interest with our Group. He has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. He attended all the five (5) Board meetings held during the financial year.
Low Han Kee is our Senior Independent Non-Executive Director. He qualified as a Certified Public Accountant with the Malaysian Association of Certified Public Accountants (“MACPA”) (now known as Malaysian Institute of Certified Public Accountants) in 1984. He began his career in 1980 with Ernst & Whinney (now known as Ernst and Young) where he completed his qualification as a Certified Public Accountant. From 1985 until 1990, he served at Mulpha International Berhad (“Mulpha”), a trading, construction and engineering company listed on the KLSE. His last designation at Mulpha was Group Chief Accountant. In 1990, he joined Amway (Malaysia) Sdn Bhd as Divisional Manager, Finance & Administration. From 1998, he served as Managing Director of Amway Malaysia Holdings Berhad (“AMHB”) which is listed on the Main Market of Bursa Securities until his retirement in 2016. From 2005 until 2016, he also served as President of Amway South East Asia, Australia and New Zealand where he had led the successful opening of Amway’s group business in South East Asia including Singapore, Brunei and Vietnam. He has more than 32 years of financial expertise, having held senior finance positions in public listed companies, namely AMHB and Mulpha.
He was appointed to our Board on 1 August 2018. He is also the Chairman of the Audit and Risk Committee and a member of the Remuneration Committee of the Company. Currently, he is a Non-Independent Non- Executive Director of AMHB and was appointed as member of Audit Committee of AMHB on 25 August 2021. He does not have any family relationship with any Director/major shareholder of our Company. He does not have any conflict of interest with our Company. He has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. He attended all the five Board meetings held during the financial year.
Goh Wen Ling is our Independent Non-Executive Director. She has over 17 years of working experience in the legal industry encompassing direct real estate acquisitions and divestments, retail banking and various aspects of financing, corporate and commercial legal practice.
She graduated with a Bachelor of Laws (Honours) degree from University of Hull in 2000. She obtained her Postgraduate Diploma from City University London, Inns of Court School of Law in 2001. She was called to the Bar of England and Wales in 2001 as a Barrister-at-Law of the Honourable Society of the Middle Temple in 2001. In 2002, she was admitted to the High Court of Malaya as an advocate and solicitor. She began her professional career in 2002 as an associate in the intellectual property department of Messrs. Shook Lin & Bok where her main area of practice was in intellectual property litigation, reviewing and advising on trade marks, patents and industrial design registration and general advisory work relating to intellectual property rights.
She left legal practice in 2003 and started her own event management company, Aldrea Dream Media Sdn Bhd. In 2004, she returned to legal practice and joined Messrs. Andrew T.S. Goh & Khairil as a junior partner and head of the conveyancing, corporate and banking department and is still currently active in legal practice.
She was appointed to our Board on 1 August 2018. She is also the Chairperson of the Remuneration Committee and a member of the Audit and Risk Committee of the Company. She does not hold any other directorship in public companies and listed issuers in Malaysia other than the Company. She does not have any family relationship with any Director/major shareholder of our Company. Except for providing some legal services as an advocate and solicitor capacity, she does not have any conflict of interest with our Company. She has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. She attended all the five (5) Board meetings held during the financial year.
Datin Paduka Rashidah Binti Ramli is our Independent Non-Executive Director. She obtained her Bachelor of Arts (Honours) in South East Asian Studies from University of Malaya, Kuala Lumpur in 1982.
She began her career in 1984 as an Administrative and Diplomatic Officer and served at various senior levels in the Ministry of Foreign Affairs of Malaysia, including the Southeast Asia Division, Development Division and Chief of Inspectorate. She also had foreign postings in Singapore and Canada, and was Ambassador (in residence) to the Republic of Ecuador and the Republic of Colombia. In 2010, she was appointed as the Director General of the Southeast Asia Regional Centre for Counter-Terrorism, Ministry of Foreign Affairs until her retirement in 2017. She was conferred the Selangor State Award of Datuk Paduka Mahkota Selangor in 2008, which carries the title ‘Datin Paduka’.
She was appointed to our Board on 1 August 2018. She is also a member of the Remuneration Committee of the Company. Other than the Company, she is not a Director of any other public companies and listed issuers in Malaysia.
She does not have any family relationship with any Director/major shareholder of our Company. She does not have any conflict of interest with our Company. She has no conviction of any offences within the past five (5) years or any sanctions and penalties imposed by relevant regulatory bodies during the financial year ended 31 December 2021. She attended all the five (5) Board meetings held during the financial year.
6633 LHI LEONG HUP INTERNATIONAL BERHAD Quarterly rpt on consolidated results for the financial period ended 31/12/2022 Quarter: 4th Quarter Financial Year End: 31/12/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2022 31/12/2021 31/12/2022 31/12/2021 RM '000 RM '000 RM '000 RM '000 1 Revenue 2,321,912 1,814,088 9,042,702 7,153,520 2 Profit/Loss Before Tax 150,663 57,512 326,555 140,315 3 Profit/(loss) attributable to ordinary equity holders of the parent 90,706 37,987 218,891 85,403 4 Net Profit/Loss For The Period 114,255 52,005 243,874 95,890 5 Basic Earnings/Loss Per Shares (sen) 2.49 1.04 6.00 2.34 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.66 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.5493 0.4951 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
It must be highlighted that MyCC’s findings are provisional and it should not be assumed that any enterprise has broken the law at this stage. The five (5) enterprises will now have the opportunity to submit their representation within 30 days from the date of service of the Proposed Decision. They may opt to present their representation orally on a date that will be determined later upon receiving their written submissions.
@Patron
LHI has huge risk due to MyCC investigation. Cab has better shot.
23 hours ago
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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....
Good123
26,596 posts
Posted by Good123 > 2023-03-08 09:57 | Report Abuse
Tahun ni, poultry industry akan flourish... Kerajaan mau sustainability dan self sufficiency dalam produksi makanan negara