LEONG HUP INTERNATIONAL BERHAD
KLSE (MYR): LHI (6633)
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Last Price
0.545
Today's Change
-0.01 (1.80%)
Day's Change
0.535 - 0.55
Trading Volume
1,423,700
Overview
Market Cap
1,989 Million
NOSH
3,650 Million
Avg Volume (4 weeks)
1,686,652
4 Weeks Range
0.52 - 0.57
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
0.44 - 0.61
52 Weeks Price Volatility (%)
61.76%
Previous Close
0.555
Open
0.55
Bid
0.54 x 18,000
Ask
0.545 x 228,200
Day's Range
0.535 - 0.55
Trading Volume
1,423,700
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#2] | 29-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 29-Nov-2023
T4Q P/E | EY
8.11 | 12.33%
T4Q DY | Payout %
3.30% | 26.80%
T4Q NAPS | P/NAPS
0.58 | 0.94
T4Q NP Margin | ROE
3.17% | 11.65%
News and Blogs
Company Profile
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: AGRICULTURAL PRODUCTS
Subsector: AGRICULTURAL PRODUCTS
Description:
Leong Hup International Bhd is an integrated producer of poultry, eggs and livestock feed in Southeast Asia. The company operates in Malaysia, Singapore, Indonesia, Vietnam and the Philippines. The operating business segments are Feedmill Business and Livestock Business. It operates in Vietnam, Philippines, Malaysia, Indonesia, and Singapore.
Discussions
1 person likes this. Showing 50 of 2,070 comments
this chicken guy con everybody. major shareholders have many companies outside to cream the profit from here.
2023-05-15 23:59
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.
2023-05-17 22:39
Luckily LHI mainly feed, parent stock DOC, broiler DOC, layer DOC, broiler. TeoSeng is mainly eggs though. But last QR was good enough.
2023-05-19 01:14
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.
2023-05-20 14:11
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.
2023-05-21 10:17
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
2023-05-22 09:31
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.
2023-05-24 10:29
this counter can't maintain the uptrend momentum punya, only can play on short rebound.
2023-05-24 12:38
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.....
2023-06-08 12:59
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.
2023-06-18 23:56
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
2023-06-18 23:56
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.
2023-06-18 23:57
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.
2023-06-18 23:58
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)
2023-06-18 23:58
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!
2023-06-18 23:59
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!
2023-06-19 11:42
Patron, how to check the price for broiler and eggs?
By the way, I have been thinking of building a few sheds to farm chicken, i think it has to take one year or so before I can sell any chicken. I noticed the market price is very attractive, the only challenge seems to be stable supply of DOCs.
2023-06-29 23:44
So if august state elections, then maybe october free float price again? or next year?
2023-06-29 23:47
you can check the broiler chicken price at DVS website,
https://www.dvs.gov.my/dvs/resources/user_1/2023/BPSPV/HARGA%20EX-FARM/AYAM.pdf
2023-07-02 11:31
supersaiyan3, I dunno the latest price. I am just a layman, so the information I have is very limited. Unless you know anyone working in LH? Lol..
2023-07-03 14:09
Can try go to pasar, talk nice to the uncle aunty chicken trader, see can get info or not
2023-07-03 21:51
@supersaiyan yes can talk to chicken traders around. price is still high. good export margin expected. Fama website can check the latest price too.
https://www.fama.gov.my/harga-pasaran-terkini
2023-07-06 21:58
Grain prices have not changed much this week, and economists say Russia’s exit from the deal will not have the dire effects seen last year, in part because other parts of the world have had robust harvests and in part because Ukraine has stepped up exports by truck, train and river barge.
https://www.nytimes.com/2023/07/18/world/europe/russia-barrage-odesa-grain-bridge.html
2 months ago
Teo Seng forecast to sustain solid first-quarter financial performance
https://www.thestar.com.my/business/business-news/2023/07/19/teo-seng-forecast-to-sustain-solid-first-quarter-financial-performance#:~:text=Its%20stellar%20financial%20performance%20in,Investment%20Bank%20(HLIB)%20Research.
(LHI's subsidiary Advantage Valuations own 52% of TeoSeng)
2 months ago
Leong Hup own only 51% in AV, the rest own by owner's family holding company so Leong Hup only enjoy about 26% of Teoseng's profit
2 months ago
Leong Hup own only 51% in AV, the rest own by owner's family holding company so Leong Hup only enjoy about 26% of Teoseng's profit
2 months ago
Good qtr result is coming, hope the price can at least move to 60 cents. Chicken Feed price is stable + average selling is better compare last year. Hope I am right.
1 month ago
Sooner or later the government got to uplift the ceiling price, sooner or later.....
There are two issues, one is ceiling price and two is subsidy.
These few months would be a good time.
1 month ago
YoY improved, on track to break record year end.
Wait some houses reiterates 93c, some up to strong buy. Hehe.
1 month ago
is pointless if the share price is not moving.. from IPO price RM 1.10 drop to RM0.50 cents.. Lots of layman hard earned money is cheated by this company. Muar people say this is a conman company. Maybe is true.. Lol..
1 month ago
Sold my CAB+, made sikit sikit, switch all to LHI. CAB made money no use not for shareholders!
I got so much LHI now.
1 month ago
這兩年一直想養雞，因為算一算真的是可以賺大錢。
尤其是今年解決了肉毒桿菌的問題，覺得非常開心！很多養雞的都不知道有這個問題、以及解決辦法。
求了一道籤，真的是靈！說我以前養過雞失敗了，如果執著再養回來，就算成功也會很辛苦！
所以呢，投資龍合，湊合算了！
1 month ago
Big fat profit also no use.. the share price still remain stagnant.. hello Lau family, when can you all push back to price to IPO level of $1.10 ?
1 week ago
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