Yes be patient, like i said now all the parties and hot girls are at construction stocks. Have to wait till it die down only everyone will look elsewhere. This is a fundamental stock unlike some of the construciton stocks that rally without fundamentals
Live bird price stay at RM3.20 today. It remain at 2.90 to 3.20 for last 10 days. Between leong hup making losses for quarter 1 2019, I presume Mflour poultry sector making losses despite any fair value adjustment in quarter 1 2019. Entire expansion plan for its poultry sector costs 550mil but only capitalize by far around 150 mil, I believe there are still about 400 mil under work in progress. Additional depreciation/quarter around 10mil(400mil/10yrs). I believe most of you aware that process food margin is so thin, maybe around 2-3% on revenue. Poultry sector no eye see.
Let have a look at flour side, Indonesia might have FOREX GAIN due to IDR appreciate. Beside Vimaflour all habis cerita according to one of fund manager. Malaysia operation all habis. Indonesia habis jugak. Vietnam boleh tahan.
I like all these bad news otherwise no hope to collect. All these capex will be covered by additional sales once expansion is done and starts running. Understand this Leong hup is going to list at klse, making loss in 1st q? Funny
don't get influence by all this negative news. Investment should depends on facts and data. Whatevere things that you worry now, was and has been worry by the management before. Wait for QR and we shall see......
The more we worry, the more we scare and later stupidly sell cheap now. Just hold on and wait the management to deliver their promises. They hold more shares than us and if the company failed, they are the one lose more.
this stock is not for short term players. prices of flour and birds are cyclical. To win big require to hold mid to long term. As you can see, the owner is slowly exercising his RCULS as he knows the company has growth potential and is fundamentally strong.
hmm live bird price climb start tuesday 30c by 30c and it is 4.10now. I heard M poultry making losses despite the the bird price is good in quarter 1. Believe or not, you will know in a month time.
From my source, poultry, raw mat, local flour, all no eye see, Indo slight improvement and Vietnam operation not as good as previous quarter.
Stop looking at Mflour, perhaps you guys may swift to Takaful. It's uptrend and possible to shoot up to 8 buck. There are still 30% upside. Buy on your own risk, my entry price below RM5.
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....
UnicornP
2,848 posts
Posted by UnicornP > 2019-04-22 12:25 | Report Abuse
Be patient a bit.