In the National, Steven Downey, chartered financial analyst candidate at Holborn Assets, says that seeking out markets with low valuations, known as value investing, can prove profitable over the longer run. Investors need to be patient
can work this out by using a number of measurements, such as the price/earnings (P/E) ratio or the price-to-book (P/B) ratio. valuation metrics suggest that bargains are at a premium right now
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:
Loanstreet https://loanstreet.com.my › what-op... Bank Negara Maintains OPR at 2.75%: Impacts on Malaysians An increase in OPR would mean that banks will increase the base lending rate (BLR) and base financing rate
Maybank dah sasarkan rm1... Ipo price pun rm1.10 (2019)
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.
anytime boleh terbang, just tweak polisi dividennya je :)
Impact of transparency and disclosure on the dividend distribution of Indian banks Preprint December 2022 19 Reads Venkata Mrudula BhimavarapuAashi RawalKuldeep Singh[...]Shailesh Rastogi
direct biz transaction pun bayar 60sen recently :)
History Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks 19/01/2022 00:00:00 0.6000 - 6.600m 6.600m 3.960m 3.960m 0.6000 0.1808 -
Owing to the lower feed cost and subsidy from the government, poultry players enjoyed better margins in the last quarter of 2022, with all companies registering higher earnings y-o-y.
Leong Hup International Bhd’s net profit more than doubled to RM90.71 million during the quarter from RM37.99 million in the previous corresponding quarter, driven by higher sales in all operating markets except Singapore.
Corn prices fell further below $6.2 per bushel, close to their lowest levels since mid-August, as the grain's supply outlook improved and demand expectations deteriorated on prospects of a global economic slowdown following rate hikes from major central banks. Brazil is forecast to harvest a record crop of 125.0 million tons and export a record 52.0 million tons in 2022/23, the US Agriculture Department said in its monthly World Agricultural Supply and Demand Estimates report. At the same time, US corn supplies will likely be bigger, with domestic end stocks of corn for the 2022/23 marketing year pegged at 1.342 billion bushels, compared with the government's February outlook for 1.267 billion bushels. On the other hand, Argentine corn exports are projected at 29.0 million tons in 2022/23, the lowest since 2017/18, as this year's production has been heavily impacted by drought.
Wheat futures in the US retreated below $6.8 per bushel in March, the lowest in 18 months, as the USDA’s WASDE report confirmed the supply from the world’s top producers is set to increase. Top exporter Russia is projected to sell up to 60 million tonnes of wheat on foreign markets in the current marketing year, according to President Putin's speech to the country's Federal Assembly. Russia harvested a record-high 153.8 million tonnes of wheat in 2022, driving farmers to turn to international customers to empty silos ahead of the new crop. Also, Ukraine forecasted output to be strong in the next marketing year as the current winter wheat harvest was larger than expected. Meanwhile, Ankara continued to work towards the extension of the safe trade corridor deal for ships carrying grain out of Ukrainian Black Sea ports.
AGRICULTURE and Food Security Minister Datuk Seri Mohamad Sabu said last month that the prices of chicken and eggs are expected to be floated after June, as part of the government’s efforts to overcome food shortages.
Although the details are scarce, analysts generally expect the blanket subsidy for poultry players to be removed by then, as the government is trying to implement targeted subsidies for the bottom 40 income group (B40). They are of the view that the removal of the price cap should provide support to poultry producers and allow them to achieve better margins, but managing operating costs may not be an easy task.
Kenanga Research analyst Ahmad Ramzani Ramli tells The Edge, “Even if the subsidy is removed, poultry players’ profitability will not be affected as they can increase their selling prices.”
Feedstock supply is the key issue, given the prolonged Russia-Ukraine conflict, he highlights. He observes that the prices of corn and maize are still trending upwards. “Some indicators show that prices will go up until end-2023. It’s a concern for poultry producers.”
While poultry players will still be able to record top-line growth in view of eggs and chicken being daily necessities, Ramzani warns that they could face “a challenging time” as the fluctuations in the price of key raw materials are beyond their control.
Malacca Securities analyst Ng Hui Yee agrees, saying that although the supply of eggs in Malaysia appears to have stabilised, the uncertainties for the poultry industry do not only come from the price control mechanism, but also the elevated cost of raw materials. “Maize and soybean prices may continue to fluctuate in the upcoming quarters due to irregular demand and supply dynamics on the global front.”
MIDF Research notes in a Feb 16 report that the prices of animal feed, namely soybean meal and corn, increased in January, with the average price of soybean meal and corn rising 27.7% and 9.2% year on year (y-o-y) respectively. On a monthly basis, they were 4.9% and 1.4% higher.
The research house anticipates that the higher feedstock prices will exert pressure on the margins of poultry players. For perspective, feed cost constitutes about 70% of chicken production costs. Corn makes up about 50% of the feed cost and soybean meal about 25%.
According to the “Report of Special Study on Production Cost of Chicken and Egg, 2022” published by the Department of Statistics last December, the largest components of production costs for chicken broilers in September were poultry feed (65.1%) and the cost of purchasing day-old chicks (16%). Meanwhile, 76.2% of egg production costs were poultry feed and 15.8% were utilities, salaries and wage costs.
According to the Ministry of Agriculture and Food Security, the subsidy for eggs will continue until June, with a total cost of RM1.28 billion to ensure a stable supply in the market. A total of 18,880 applications for the subsidy worth RM1.69 billion had been approved for chicken farmers and egg producers as at Feb 15, said Mat Sabu.
The current retail price ceiling in Peninsular Malaysia for standard chicken is RM9.40 per kg, up from RM8.90 previously, following claims that poultry players were suffering from thin margins amid the rising cost of production. For eggs, the price ceiling is 45 sen for Grade A, 43 sen for Grade B and 41 sen for Grade C.
It is estimated that the average monthly supply of chickens will show a surplus of 16.85 million in 1Q2023, while eggs will have a surplus of 119.86 million.
At the time of writing, the Federation of Livestock Farmers’ Associations of Malaysia had not responded to queries sent by The Edge.
Malacca Securities’ Ng notes that the operating environment will remain challenging in the short term in view of the elevated feed cost, as there has been a price ceiling on eggs since November 2022.
The price of Grade C chicken eggs rose 2% y-o-y to 35 sen in 4Q2022, in tandem with the higher feed cost. She expects the price to hover at 35 sen in the near future.
Better earnings in 4Q2022 Owing to the lower feed cost and subsidy from the government, poultry players enjoyed better margins in the last quarter of 2022, with all companies registering higher earnings y-o-y.
Leong Hup International Bhd’s net profit more than doubled to RM90.71 million during the quarter from RM37.99 million in the previous corresponding quarter, driven by higher sales in all operating markets except Singapore.
Better earnings in 4Q2022 Owing to the lower feed cost and subsidy from the government, poultry players enjoyed better margins in the last quarter of 2022, with all companies registering higher earnings y-o-y.
Leong Hup International Bhd’s net profit more than doubled to RM90.71 million during the quarter from RM37.99 million in the previous corresponding quarter, driven by higher sales in all operating markets except Singapore.
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
Thursday, 2 Mar 2023 5:08PM LHI CHU NYET KIM (200,000 units Acquired) Wednesday, 1 Mar 2023 5:08PM LHI DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Tuesday, 28 Feb 2023 5:25PM LHI Financial year end net profit 243.874 million (increased 154.33%)
Aminvest vs me who will win.. LHI 48-48.5 Tp 30 cents range 14/3/23 11.08am Stock: LHI Price Target: 0.93 Price Call: BUY Last Price: 0.485 Upside/Downside: +0.445 (91.75%) arab investment 9/3/23
4Q22 results within expectations Bank Islam’s FY22 earnings were within our expectations. Our forecasts are broadly maintained for now, pending the bank’s analyst briefing. We remain wary of rising default rates, amidst expectations of slower economic growth this year. Our TP is marginally trimmed by 20sen to MYR2.50 on an FY23E PBV of 0.8x (FY23E ROE: 8.2%).
Poultry Market Size, Trends and Global Forecast To 2032
The Business Research Company https://www.thebusinessresearchcompany.com › report The global poultry market grew from $352.02 billion in 2022 to $378.84 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%.
Ayam adalah sumber protein termurah - berbanding daging (pelbagai) dan ikan - dan ianya dihasilkan di dalam negeri, satu-satunya industri ternakan (termasuk .
terbaik dan lindungi wang kita.... park money at poultry stock pulak
Poultry is recession-proof business, say analysts
The Edge Markets https://www.theedgemarkets.com › article › poultry-re... KUALA LUMPUR: Analysts have deemed the egg industry a recession-proof sector, with their health value and cheap prices benefiting consumers.
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
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Posted by Good123 > 2023-03-09 16:03 | Report Abuse
In the National, Steven Downey, chartered financial analyst candidate at Holborn Assets, says that seeking out markets with low valuations, known as value investing, can prove profitable over the longer run. Investors need to be patient