What producers want is to let the price float and based on previous article in the news that price will go up about 3 cents for eggs. Some say these companies are reliant on subsidies. In order to get everyone to agree to sell at the current low egg prices, govt has to give them subsidies and this is done to reduce inflation.
When they took away subsidies for chicken and increased the ceiling price by RM1 to rm9.4, LHI profits more than doubled. Cant comment on CAB as they are not market leader or most efficient player. If you check chicken prices have come down from Nov last year which was the peak but you have to take note of a few things. 1) this is avg price we are talking about. if your product premium, u sell higher and earn higher margins 2) raw material is in their favor so the other players could be selling lower as margins
what happens to LH? This company has all the ingredients of a value investing stk. 1 The company has just announced its Q2 financial result with a profit of 29.7m And the 4 - quarter running PE is 2.2X which is far lower than its peers.
2 The ROE is 20.6% 3 NTA is 82 sen 4 eps is 16.5 sen 5 Dividend is 0.08sen n DY is 2.1%
6 Looks good and undervalue and surprisingly not many are interested. Happy Trading 26/11/24
obviously can see this stock is manipulated, if only retailers are on the play for sure the price already gap up following this QR. regardless, glad I still can buy back this stock the exact same price as pre QR announcement closing lmao
nutriplus is not a fake business, it is our inside country business that we can monitor ourselves easily & daily. someday the price must implode as long as accounting is genuine and company continue to generate good profit as in their prospect. as of the price manipulator, soon or later they will be collecting just enough
The fundamental is getting better esp earnings prospects~ sad it’s not under the institutional/ investors radar. Hence the share price remain stagnant.
Yes I noticed it hover around 36.5 to 37.5 Plus volume very big today. Perhaps caught unaware layhong really made loads of money. Now buying to push later. Lol
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BornToSpeculate
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Posted by BornToSpeculate > 2 months ago | Report Abuse
What producers want is to let the price float and based on previous article in the news that price will go up about 3 cents for eggs. Some say these companies are reliant on subsidies. In order to get everyone to agree to sell at the current low egg prices, govt has to give them subsidies and this is done to reduce inflation.
When they took away subsidies for chicken and increased the ceiling price by RM1 to rm9.4, LHI profits more than doubled. Cant comment on CAB as they are not market leader or most efficient player. If you check chicken prices have come down from Nov last year which was the peak but you have to take note of a few things.
1) this is avg price we are talking about. if your product premium, u sell higher and earn higher margins
2) raw material is in their favor so the other players could be selling lower as margins
Layhong and Teoseng are the biggest egg producers