Posted by Patron > 2023-04-05 22:21 | Report Abuse

https://www.dvs.gov.my/dvs/resources/user_1/2023/BPSPV/HARGA%20EX-FARM/AYAM.pdf
https://www.dvs.gov.my/dvs/resources/user_1/2023/BPSPV/HARGA%20EX-FARM/TELUR_AYAM.pdf

check the latest price trend of eggs & ayam

Posted by hng33 > 2023-04-06 16:13 | Report Abuse

LHI, is the largest integrated poultry in Malaysia and exposure in Indonesia, Vietnam and Philippine

Posted by hng33 > 2023-04-06 16:15 | Report Abuse

hope to breakout year high level at 56sen

Posted by hng33 > 2023-04-06 16:19 | Report Abuse

Current price is still 50% lower than IPO price at RM 1.10, hope can gradually recover back to IPO price later once egg and chicken ceiling price floated in next 2 month

Posted by hng33 > 2023-04-06 16:42 | Report Abuse

With much improve result, LHI should resume dividend payout. Expect dividend 2sen

Posted by pang72 > 2023-04-08 20:48 | Report Abuse

Interesting!

Posted by supersaiyan3 > 2023-04-11 00:27 | Report Abuse

跟CAB比了再比，看了再看，還是覺得龍合厲害和穩健！第二代龍合書讀得也比較好，雖然是農夫，但讀得書多還是能幹一些。

龍合前瞻本益比如果是五點五的話，還是很有價值的。

估計龍合買多，CAB買少，再補一點QL，完美！

Posted by supersaiyan3 > 2023-04-11 00:29 | Report Abuse

龍合說有ROSS、COBB和HUBBARD？又說有AA，那到底現在的比例是多少？

AA好養，但太硬口感不好，但現在人民窮，沒辦法，將就些。還是喜歡ROSS，口感好。

Posted by goody99 > 2023-04-13 07:50 | Report Abuse

now I understand why this stock is recommended. Reward is much higher than risk. Good luck to those who still keep this stock.

Posted by supersaiyan3 > 2023-04-13 23:54 | Report Abuse

Bought some.

1 year 500m chicks. Assume one chick earn RM1.00 more, then chicks alone rm500m.

Feed raw material actually down a lot already, but feedmill seems maintain feed selling price. The only problem is the fine. For me the fine is die for sure, its illegal to collude, but they can take it for sure.

I wanted to rear chicken so have been asking around, no DOC available for newcomer.

June free market will see another boom.

Tempting to add more.

Posted by supersaiyan3 > 2023-04-17 09:25 | Report Abuse

goody99, yes!

The worst is going back to 48c. But upside is enormous.

Posted by nelsonlim > 2023-04-18 12:22 | Report Abuse

izzit a little bit late for free market?

Posted by pang72 > 2023-04-19 09:41 | Report Abuse

1.8c dividend announced yielded 3.3% after a year after rest for a year.
Is this the end or more dividend give out?
It is a good start for lhi

Posted by hng33 > 2023-04-19 16:29 | Report Abuse

sold partial at 55sen

Posted by hng33 > 2023-04-25 13:07 | Report Abuse

sold back balance at 55sen

Posted by supersaiyan3 > 2023-04-28 14:37 | Report Abuse

Grain cheaper

Keep quiet.

闷声发大财，嘿嘿

Posted by supersaiyan3 > 2023-04-29 13:19 | Report Abuse

去年做九十億。

五十億養雞

四十億飼料

看起來不錯，yummy!

Posted by Patron > 2023-05-08 09:45 | Report Abuse

feed cost has come down alot. check Cbot ZC price.

Posted by supersaiyan3 > 2023-05-10 18:35 | Report Abuse

(Brain exercise only, don't be so serious) (Correct me if i am wrong)

Assume FCR of 1.7, live weight 2.2, feed cost RM2.4 per kilo.

So 1.7*2.4*2.2 = RM8.976 per chicken.

Plus 20% expenses, so roughly 10.77. Make it RM11 each.

Market price say RM11.5/kg, ayam bulat 2.2 *.8 = RM20.24. Make it RM20. (I heard price is still rising, here my place RM13.00 already)

So roughly RM9 per chicken.

Hot weather make cost higher though.

Feed make big money, DOC make big money, Broiler make big money. Plenty of meat.

Posted by Stocker > 2023-05-12 15:19 | Report Abuse

macam lai liao～

Posted by supersaiyan3 > 2023-05-15 21:27 | Report Abuse

潮成較去年賺多幾倍，較上季賺多五十巴仙。

看來，龍合延續趨勢情理之中。

Posted by rohank71 > 2023-05-15 23:59 | Report Abuse

this chicken guy con everybody. major shareholders have many companies outside to cream the profit from here.

Posted by rohank71 > 2023-05-15 23:59 | Report Abuse

stay away. don't waste time.

Posted by supersaiyan3 > 2023-05-16 09:22 | Report Abuse

人家賺錢了分你紅，就是實誠生意人。有那麼一大半是混蛋將公司當是自己的。

你不喜歡分紅實誠生意人，愛哪去上哪去，別胡說八道。

Posted by Chipee > 2023-05-16 15:38 | Report Abuse

rohank71 ... why u say like that? Any proof?

Posted by supersaiyan3 > 2023-05-16 19:01 | Report Abuse

Nice closing.....

Posted by jgb349000 > 2023-05-17 22:18 | Report Abuse

Tp 80c

Posted by supersaiyan3 > 2023-05-17 22:39 | Report Abuse

80c is good.

So, perhaps next week QR will be released.

Actually (last quarter) 90m net profit is very nice already. 150m? lol

If 4 cents eps quarterly, then 16 cents per annum, now priced at 4 times forward PE. 6 times PE good enough.

Posted by rohank71 > 2023-05-17 22:56 | Report Abuse

short of checken and egg supply. Good for Chicken bz

Posted by jgb349000 > 2023-05-18 22:55 | Report Abuse

Oversuppy of eggs,,,habislah..

Posted by supersaiyan3 > 2023-05-19 01:14 | Report Abuse

Luckily LHI mainly feed, parent stock DOC, broiler DOC, layer DOC, broiler. TeoSeng is mainly eggs though. But last QR was good enough.

Posted by hslee5 > 2023-05-19 15:18 | Report Abuse

hot weather reduce egg production, price can up again?

Posted by gankm > 2023-05-20 14:11 | Report Abuse

Malaysia chicken price might be good. But don't forget LHI also has business in Vietnam, Indonesia. Is the chicken price in other country is good? Dont expect too much for the coming quaterly results. You might end up dissapointed.

Posted by supersaiyan3 > 2023-05-21 10:17 | Report Abuse

gankm, you got a point.

i heard still good, but not so good already. Upcoming QR should be superb but after that ease off already.

Posted by supersaiyan3 > 2023-05-22 09:31 | Report Abuse

LHI got lots of feedmills, so expect big profit as ingredient down and feed price no down.

Now market leaders demand government steps in, so coming maybe not as good.

Expect big fat profit upcoming QR......gogogo

Posted by Patron > 2023-05-23 17:53 | Report Abuse

stronger SGD is good for exporters to Singapore..

Posted by gankm > 2023-05-24 10:29 | Report Abuse

The movement of the share price already reflect the coming QR results. I think there wont be any big fat profit. Please dont use Teo Seng as benchmark.

Posted by jackjason > 2023-05-24 12:38 | Report Abuse

this counter can't maintain the uptrend momentum punya, only can play on short rebound.

Posted by supersaiyan3 > 2023-06-08 12:59 | Report Abuse

農長說七月一日起自由浮動，激勵家禽股猛漲。（不是說六月起嗎？）

Anyway, long term still looks good, but april weather so hot may affect performance. Now Feed prices started to drop.....

Posted by supersaiyan3 > 2023-06-08 13:00 | Report Abuse

沒有抄到最低點，但還行。運氣好的話回到56到60？

Posted by luckyparit > 2023-06-08 21:03 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/06/08/agriculture-minister-chicken-egg-prices-to-be-floated-from-july-1/73213

Posted by jackjason > 2023-06-08 23:18 | Report Abuse

热天鸡会生少蛋的

Posted by wahidul > 2023-06-09 21:45 | Report Abuse

no price cap removal,subsidy to continue,sudah U turn ready lo

Posted by cktay > 2023-06-18 23:56 | Report Abuse

BTW did I hear correctly? LHI said during the recent AGM that they have collected their subsidy up to 31 Dec last year. Q1 subsidy have not yet been collected.

Posted by cktay > 2023-06-18 23:56 | Report Abuse

Is LHI undervalued? Can the more serious investors add to my comments?
Price : 0.495
PE : 8.1
DY : 3.6%
IPO : RM1.10
AmInvest TP : 0.79
RHB-OSK TP : 0.63
M’caSec TP : 0.97

Posted by cktay > 2023-06-18 23:57 | Report Abuse

Most of the Poultry & egg counters made hefty profits in the 1st quarter, but LHI was the exception,
with Q1 net profit dropping to RM22m from RM90m Q4 last year
“EBITDA decreased by 83.0%. The decrease was mainly due to margin compression stemming from the elevated input costs of feed as well as low average selling price of DOC in Indonesia”
True, Indonesia was having a chicken glut in Q1 and they were culling chicken!
It made no sense especially to the small farmers to rear poultry and then sell below their cost.
Supply and demand I believe have played out in Indonesia.
Check out Indonesia Average Wholesale price, Chicken Meat https://www.ceicdata.com/en/indonesia/average-wholesale-price-by-regions-chicken-meat/average-wholesale-price-chicken-meat-bali-denpasar-municipality
The price has shot back up since around May 1st
…..”average selling prices (ASP) in Indonesia have surged significantly over the past month on the back of reduced supply as well as increased demand during the Ramadhan festivity” …. AmInvest
Note that Indonesia is most important market because it contributes to 35% of LHI total revenue (followed by M’sia, Vietnam, S’pore and Philippines.)
I hope to see LHI results improving in Q2.

Posted by cktay > 2023-06-18 23:58 | Report Abuse

The profitability of the poultry business depends very much on the cost of chicken feed which in turns depend on the price of wheat and corn.
Checking wheat futures, it is around 690 now compared to 1100 in early 2022. (There is a slight blip upwards since the dam in Ukraine broke.)
Corn is around 640 compared to 820 around early last year.
Of note is that LHI is not a pure play chicken business.
It feedmill business is huge, with revenue of 993m, only slightly lower than its livestock/poultry business of 1199m.
EDITDA for feedmill was RM149m, that is where its main profit come from in Q1.

Posted by cktay > 2023-06-18 23:58 | Report Abuse

So why is LHI price so low from its IPO price of RM1.10
Someone must have been selling, but who?
Checking the 30 largest shareholder (as of 31 Mar 2023) …
Emerging Glory with 52% belonging to the Lau family
Datuk Lau recently bought 20m and 30m on 12 Jun 2023, so you can rule out the Lau family selling.
Maybank Sec for Clarinden Investment is the 2nd largest shareholder at 8.5% (313m shares)
Clarinden/Affinty/Concordant (S’pore based) last sold 2.3m shares back in 17 Mar 2022.
Clarinden/Affinty/Concordant with well over 5% cannot quietly sell because they will have to report.
(Btw, Affinity was Emerging Glory’s partner that took Leong Hup Hlg & Emivest private in 2014)

Posted by cktay > 2023-06-18 23:59 | Report Abuse

More worrying are those with less than 5% because they can dispose quietly without informing bursa.
Amanah Saham Bumiputra with 4.9% had held steady since 2019
EPF has 2.8% or 102m shares (on 31 Mar 2023) compared to 3.2% or 116m shares (on 31 Mar 2022)
Hence I figure out the EPF sold 14m shares the past year!!!!!
[Just like they have been selling YTL / YTLPower – quite mind boggling people!]
Continue my research later – mid-night now – good-nite!

Posted by cktay > 2023-06-19 11:42 | Report Abuse

BTW the 50m shares acquired by Tan Sri Lau constitute a 1.37% share.
No corresponding seller was announce, so I assume it again come from a <5% shareholder.
Who? your guess would be as good as mine!