But seriously i am surprise despite index green ayam terus jalan. When IWCity open trade on monday and all hell break lose and it is a sea of red, so many people will come and kejar the ayam. Kok kok kok kok
After some rest, power chicken will go above RM3 this Monday. I hope this stock can go above 3.5 soon and exceed Airasia share price. Shut off all the ppl there who like to laugh and look down at people.
Hi guys, when you look into attached reports, it is easy to find that CAB will likely hit net profit double this year over its business expansion, strategies and good chicken price over strong demand for chicken. These will attract more main investors to put money in this stock. Happy investment !
Hi guys, as chicken price per kg was about RM5.15 for Jan - Mar 2017 as compared to RM4.7 per kg for Oct -Dec 2016 with about 6 mil chicken capacity per month now, EPS will be likely 8 Sen for Q2 2017 following its business strategies and 38% increased revenue and improved net profit past quarters. Based on PE of 13 from Q2 2017 onwards, my estimated TP will be RM4.16 by this year end. Happy investment !!
Now, most of ppl keeping this counter shares are good investors and main investors who Know this Comapny's financial result well and it's business strategies as other speculators have sold out their shares.
Weechin, kok kok kok....chick dancing liao. Like i say...must support. Me quite coz no time to monitor n write something. In local vacation with family. U know lar, keep monitor the phone, wife also looking at me....
Yup, due to main investors have been collecting shares over expected much better financial performance and business strategies in middle term. Happy investment !
Shauns, who do you mean by the main investors? The main investor isn't it the Salim group which already been announced? If main investor collecting shares isn't it should be announced in Bursa? Please enlightened me as a newbie
Hi guys, let me share with you why this stock will likely be able to hit about RM5.00 in next 2 years (until 2019) when you read this attached article as follows:
Plans to enter Indonesia still intact. The company is working closely with the Salim Group to set up integrated poultry farms in Indonesia where the consumption of chicken per capita is only 6.3 kg compared with 40.6 kg in Malaysia, according to the Organisation for Economic Co-operation and Development (OECD). We have not factored any potential growth from this venture in our assumptions. We understand that both parties will start building the farms this year. We expect earnings contribution from FY19 onwards as it will take another year for the farms to be built and for the chicken to grow should everything progress according to plan. Recall that Salim Group now owns 19% in CAB and appointed a director on CAB’s board. CAB can also leverage on its relationship with the Salim Group to sell value-added frozen food products in Indonesia going forward as the Indonesian conglomerate owns more than 11,000 Indomaret convenient stores and over 500 KFC outlets there.
Growing higher value food products. After acquiring Farm’s Best’s frozen food business and slaughter house, CAB is working to grow this division, which provides higher margin compared to the integrated poultry farming segment. We expect the division to contribute about 6-7% to the group’s total sales but negligible profit contribution due to high initial costs from consolidating the new capacity. That said, there is much more upside potential from this segment from FY19 onwards as we expect CAB to reap the benefits of synergy. It could also export the frozen food to countries like Middle East and Japan due to the long shelf life of the processed food to further enhance sales.
Expect FY17 core earnings to grow by 27% to RM27m. We expect higher capacity and average selling prices to drive up CAB’s integrated poultry business, which is estimated to contribute 83% to the group’s total sale. We expect higher average selling prices in FY17 due to stable chicken meat prices yoy and CAB’s slaughtering capacity which almost double, following the completion of acquiring Farm’s Best’s processed food division. When the company successfully finalised the purchase of Farm’s Best’s poultry farms, its broiler capacity would be boosted further. We expect its core income to grow further by 9% to RM29.4m in FY18 based on its existing businesses.
Animal feed suppliers very keen to have certain percentage of cab share since two years ago but did not go thru pricing. At that time cab asking close to 2.00.
If that deal on i sure the asking price will double to 4.00.
Cab will overtake lay hong. Lay hong at peak of 11.00.
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....
heaven123
1,900 posts
Posted by heaven123 > 2017-05-04 21:47 | Report Abuse
Lay hong 11.00