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2019-06-26 12:44 | Report Abuse
SINGAPORE (June 26): Malaysia-based poultry company, Leong Hup International Bhd (LHI) is planning to sell more ready-to-eat (RTE) food products in Singapore due to the increase in demand following higher disposable income of its population and their busy lifestyles.
During a recent media visit to LHI's 100% subsidiary in the republic, Leong Hup Singapore Ptd Ltd (LHS), the company said, it is currently in talks with major convenience stores to introduce new products in the Singapore market.
LHS chief executive officer Lau Joo Hwa said at the moment four of its RTE products are sold at 7-eleven stores in Singapore and the company are aiming to introduce several other new products within this year.
"We are also in discussions with other convenience outlets and stores (in Singapore) to grow this segment," he told reporters.
Its Singapore’s operations, which contributed about 17% of the group’s total revenue in the financial year 2018 according to him, is focusing on growing its downstream business, among others, supplying fresh chicken to food and beverages stores, manufacturing chicken sausages, and ham, marinating and semi-cooked, trading of frozen chicken, chicken parts, beef and lamb, and RTE as well as ready-to-cook.
"Currently, LHS operates four slaughtering plants and our market share of Singapore’s fresh chicken market stand at about 50%, supplying to a variety of customers including KFC, Nandos, Jollibee and Texas Chicken.
"Our factories here produce 60,000 to 70,000 fresh chickens on a daily basis (Monday to Saturday) and the number is doubled during festive seasons. We are off on Sunday," he added.
Leong Hup which recently re-listed on the Main Market of Bursa Malaysia, operates its feedmill, eggs production and livestock businesses across Malaysia, Indonesia Singapore, Vietnam and Philippines.
In its first quarter ended March 31, 2019, Leong Hup’s net profit rose 15% to RM60.58 million versus RM52.68 million a year ago, on the back of a higher sales volume and an increase in the selling price of eggs in Malaysia and broiler chicks in Indonesia.
Revenue also expanded 11.2% to RM1.51 billion from RM1.35 billion previously.
The group’s main revenue contributor comes from its Malaysian and Indonesian operations, contributing 28.9% and 33.2%, respectively.
2019-06-17 13:11 | Report Abuse
Leong Hup International is one of the largest fully integrated producers of poultry, eggs and livestock feed in Southeast Asia.
KUALA LUMPUR: AmInvestment Research has started coverage of Leong Hup International (LHI) with a buy call, pegging a fair value of RM1.43.
It said on Monday its valuation was based on 20 times price-to-earnings ratio (PER) over FY20 earnings which is at a discount to its regional peers’ market cap weighted average of 23.4 times FY20 earnings.
“We believe LHI’s 20 times valuation is justified given its significant regional presence, production scale and a clear expansion plan,” it said.
LHI is one of the largest fully integrated producers of poultry, eggs and livestock feed in Southeast Asia. At present, LHI operates in Malaysia, Singapore, Indonesia, Vietnam and the Philippines, which are attractive consumer markets, with a population of almost 500mil people with significant growth potential.
“The fully integrated business model provides flexibility, synergies and resilience through economic cycles. With detailed expansion plans for its feed mills and livestock businesses in Malaysia, Vietnam and the Philippines, we believe the long-term prospects for LHI to be positive,” it said.
AmInvest Research said LHI with an annual production of 495mil day-old chicks (DOCs), 99mil broiler chickens, close to 2mil MT of livestock feed and more than 1.7bil eggs, LHI has the scale which provides advantage over smaller players across the value chain such as bargaining power, outsourcing of raw materials and the production and distribution of poultry and livestock feed.
“We are projecting LHI’s PATAMI to grow by 29.4%, 8.2% and 7.9% to RM240.7mil, 260.5mil and 281.2mil for FY19-FY21F respectively, representing a three-year CAGR of 14.7%.
“Management is targeting a payout ratio of approximately 30% from the group’s PATMI each year. We expect LHI to pay dividends of 2.0 sen, 2.1 sen and 2.3 sen for FY19-FY21 translating into yields of 1.9%, 2.1% and 2.2% respectively,” it said.
The research house said LHI offers a potential upside of more than 30% and dividend yield of 1.9%.
Its buy recommendation is premised on the group’s stable earnings from Malaysia and Singapore’s business while regional expansion at Vietnam and the Philippines provides growth potential.
2019-05-31 23:37 | Report Abuse
shares is very little 785m.
china man will goreng until fly sky
2019-05-31 00:19 | Report Abuse
when will pos 0.50 i am waiting 30 years already....now must happen.
2019-05-30 20:41 | Report Abuse
revenue 1.5b profit 65m at this price?
undervalue?
2019-05-30 00:10 | Report Abuse
can you all stop dream?
too waste no go write drama script
2019-05-29 22:24 | Report Abuse
mark my word...
marketing head is from former MAS which is declared PN17 previously....
she have skill to bring GLC company to pn17.
2019-05-29 21:53 | Report Abuse
POS need import more indonesia + vietname + filipino + thailand girls to become maid service delivery....
no mail nevermind we got maid.
2019-05-29 21:50 | Report Abuse
pos need import more vietname girls be postwomen ....
2019-05-29 21:48 | Report Abuse
marketing head is from former MAS which is declared PN17 previously....lol.... scary???
2019-05-29 21:33 | Report Abuse
Vintage POS Malaysia bicycle.
what a good idea to safe cost.
2019-05-29 21:29 | Report Abuse
pos marketing head is chinese girl....
she should be able to bring pos malaysia back to glory time?
2019-05-27 22:03 | Report Abuse
dont kidding man.. drbhicom purposely make pos go bottom 1.1x then collect untill 5 .
pos shares just 750m only and pos have never been right issues the past 30, 40 years.
i suggest buy now and wait one or two year to double your capital
2019-05-27 14:43 | Report Abuse
waiting goblin to rescue....will it drop to 0.80?
2019-05-25 14:12 | Report Abuse
dont kidding man.. drbhicom purposely make pos go bottom 1.1x then collect untill 5 .
pos shares just 750m only and pos have never been right issues the past 30, 40 years.
i suggest buy now and wait one or two year to double your capital
2019-05-24 22:34 | Report Abuse
dont kidding man.. drbhicom purposely make pos go bottom 1.1x then collect untill 5 .
pos shares just 750m only and pos have never been right issues the past 30, 40 years.
i suggest buy now and wait one or two year to double your capital
2019-05-24 19:10 | Report Abuse
why pos losing money yet still earning 580m?
obvously is drbhicom come and steal the impairement lose.
2019-05-24 18:50 | Report Abuse
from top 5 drop to 1.29 ...
this is a good apportunity to gain your double triple income?
2019-05-24 13:36 | Report Abuse
where can see pos buy back own shares?
2019-05-24 09:10 | Report Abuse
hahaahahha pos drag drb hicom kao kao
2019-05-23 21:14 | Report Abuse
pos shares 780m only...if want up will be very fast.
2019-05-23 20:56 | Report Abuse
i bought RM20k at 1.99 ..... should i average down???? please helppppppppppp
2019-05-23 17:26 | Report Abuse
maybank bought alots...buy buy buy
2019-05-23 13:03 | Report Abuse
revenue maintain ...just impairment lose alot...at this price will not drop much.
2019-05-23 11:00 | Report Abuse
revenue maintain ...just impairment lose alot...at this price will not drop much.
2019-05-23 07:55 | Report Abuse
revenue maintain ...just impairment lose alot...at this price will not drop much.
2019-05-22 20:33 | Report Abuse
coming quarterly report boom...will make AA TP 1.0
2019-05-22 20:32 | Report Abuse
why 2.7 not 0.20?
2019-05-22 20:27 | Report Abuse
revenue maintain ...just impairment lose alot...at this price will not drop much.
Stock: [LHI]: LEONG HUP INTERNATIONAL BERHAD
2019-07-04 19:48 |
Post removed.Why?