Posted by ismadi6601 > 2022-11-30 11:09 | Report Abuse

Leong Hup International Bhd (LHI) posted a net profit of RM67.31 million or 1.84 sen earnings per share in the third quarter ended Sept 30, 2020 (3QFY2022), against a net loss of RM53.42 million or 1.46 sen loss per share in the same quarter last year, underpinned by higher contribution from both livestock and poultry-related products and feed mill segments.

Posted by ismadi6601 > 2022-11-30 11:09 | Report Abuse

The livestock and poultry-related products segment’s earnings before interest, tax, depreciation and amortisation (Ebitda) increased by 261% year-on-year (y-o-y) to RM87.76 million, due primarily to better margins from the higher average selling price and sales volume of broiler chickens in Vietnam, and higher average selling price of day old chicks (DOC) and broiler chickens in Malaysia.

Posted by ismadi6601 > 2022-11-30 11:09 | Report Abuse

Government subsidies and grant on livestock of RM51.5 million recognised by the group also contributed to the improved Ebitda,

Posted by ismadi6601 > 2022-11-30 11:09 | Report Abuse

its feed mill segment, which Ebitda improved by 34.1% y-o-y to RM126.44 million, benefited from better margins from the higher average selling prices and sales volume in Indonesia.

Posted by ismadi6601 > 2022-11-30 11:10 | Report Abuse

On a geographical segmentation review, Indonesia continues to be the largest segment of the group, contributing RM865 million (36.7%) to the group’s total revenue for 3QFY2022. Vietnam was the second highest at RM590.3 million (25%), followed by Malaysia which contributed RM589.8 million (25%).

Posted by ismadi6601 > 2022-11-30 11:10 | Report Abuse

Meanwhile, Singapore and the Philippines contributed RM197.9 million (8.4%) and RM115.4 million (4.9%) respectively.

Posted by ismadi6601 > 2022-11-30 11:10 | Report Abuse

LHI said demand has improved but the high cost of raw materials and the attempts by governments to manage food inflation has created uncertainties for its financial performance.

Posted by SengGor1011 > 2022-11-30 13:20 | Report Abuse

Following a strong earnings beat, Leong Hup International Bhd is expected to sustain its recovery momentum going into 4QFY22 while its longer-term prospects have also improved.

In its results review, RHB said seasonal demand and lower feed costs should bolster the poultry and egg farmer's prospects in the final quarter of the year.

The research firm noted however that the operating environment in Indonesia remains challenging and should continue to offset some of the growth from Leong Hup's other markets.

Posted by SengGor1011 > 2022-11-30 13:20 | Report Abuse

Our discounted cash flow-derived target price also stays at 61 sen (inclusive of a 4% ESG discount), implying 13x price-earnings FY22F – below its three-year mean," it said.

RHB is also bullish on Leong Hup's longer-term prospects as less volatile - albeit elevated- commodity prices should bode well for poultry operators as it would help to facilitate cost pass-throughs.

Coupled with the expectation of further normalisation in consumption and Leong Hup’s continuous capacity expansion, RHB projects FY23 earnings to grow by 18% year-on-year.

Posted by SengGor1011 > 2022-11-30 13:20 | Report Abuse

The stock’s market valuation is undemanding – it is trading at levels well below the three-year mean," said RHB.

In 9MFY22, Leong Hup's results strongly beat forecast due to a strong recovery in its sales and margins.

RHB said core net profit of RM128mil, a 170% jump over the corresponding 2021 period, accounted for 88% of its and 108% of consensus full-year estimates.

Posted by Good123 > 2022-12-27 10:28 | Report Abuse

Ipo price rm1.10, target price Maybank inv 90sen...kini 50sen... Grab lah :)

The Star
https://www.thestar.com.my › leong...
Leong Hup sets IPO price at RM1.10 per share
23 Apr 2019 — PETALING JAYA: Poultry player Leong Hup International Bhd has set the maximum price for its upcoming initial

Posted by Good123 > 2022-12-27 10:30 | Report Abuse

Up3 soon


<%-- for fixing scrollbar--%>
Save Print Back

6633 LHI LEONG HUP INTERNATIONAL BERHAD
Quarterly rpt on consolidated results for the financial period ended 30/09/2022
Quarter: 3rd Quarter
Financial Year End: 31/12/2022
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
30/09/2022 30/09/2021 30/09/2022 30/09/2021
RM '000 RM '000 RM '000 RM '000
1 Revenue 2,361,415 1,809,097 6,720,790 5,339,432
2 Profit/Loss Before Tax 100,075 (60,097) 175,892 82,803
3 Profit/(loss) attributable to ordinary equity holders of the parent 67,312 (53,418) 128,185 47,416
4 Net Profit/Loss For The Period 72,334 (66,019) 129,619 43,885
5 Basic Earnings/Loss Per Shares (sen) 1.84 (1.46) 3.51 1.30
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.66
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.5433 0.4951
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

29/11/2022 07:00 AM


Ref Code: 202211293100685

Posted by Good123 > 2022-12-27 10:31 | Report Abuse

$$$$$$$

Above expectations
LHIB’s 3Q22 results surprised on stronger-than-expected recovery in poultry and feedmill ASPs, and sales volume in Indonesia and Vietnam. With expectations for sustained earnings recovery in sequential quarters, we raise FY22E earnings estimates by 65% but leave FY23E-FY24E unchanged. We U/G LHIB to BUY with a higher TP of MYR0.90 (+40sen; unchanged 15x FY23E PER) on rolled forward valuations.

Posted by Good123 > 2022-12-27 10:33 | Report Abuse

Egg n chicken adalah paling lumrah Di Asia... Buy sebelum terlambat

Posted by Good123 > 2022-12-27 10:35 | Report Abuse

Nice

https://klse.i3investor.com/web/stock/holder/6633

Posted by Good123 > 2022-12-27 10:37 | Report Abuse

Terbaik... kenaikan tak dapat dihalang

2022-12-01 0.52 0.74 +0.22 (42.31%)
BUY
AmInvest
2022-11-30 0.495 0.61 +0.115 (23.23%)
BUY
RHB-OSK
2022-11-30 0.495 0.85 +0.355 (71.72%)
BUY
MalaccaSecurities
2022-11-30 0.495 0.74 +0.245 (49.49%)
BUY
AmInvest

Posted by Good123 > 2022-12-27 11:59 | Report Abuse

Kian bertumbuh selepas pandemik kovid

Date Financial
Year Quarter Revenue
(RM,000) PBT (RM,000) Net Profit
(RM,000) EPS (Cent) Div
(Cent) NTA
(RM) QoQ
(%) YoY
(%)
29 Nov 22 31 Dec 22 Q3 Sep 22 2,361,415 100,075 67,312 1.84 0.00 0.543 Malaysia Stock - KLSE Quarter Report History 66% Malaysia Stock - KLSE Quarter Report History 226%
30 Aug 22 31 Dec 22 Q2 Jun 22 2,272,220 43,885 40,498 1.11 0.00 0.518 Malaysia Stock - KLSE Quarter Report History 99% Malaysia Stock - KLSE Quarter Report History 33%
24 May 22 31 Dec 22 Q1 Mar 22 2,087,155 31,932 20,375 0.56 0.00 0.502 Malaysia Stock - KLSE Quarter Report History 46% Malaysia Stock - KLSE Quarter Report History 71%

Posted by Good123 > 2022-12-27 12:01 | Report Abuse

two poultry companies under its coverage, namely QL Resources Bhd and Leong Hup International Bhd, recorded stronger-than-expected earnings, partially due to government subsidies given as a result of ceiling price enforcement.

With the demand of chicken eggs overstripping the supply, the Agriculture and Food Security, Ministry had on Dec 6, announced that the government has agreed to import chicken eggs from foreign sources as a short- term solution to meet the domestic demand

TA Research said the import of eggs is not a viable long-term solution as imported eggs are generally more expensive than the ceiling price.“Rather than channelling subsidies to the producers, we opine that the government should lift the ceiling prices of eggs and directly provide support to the lower-income households,” it said.

It added that a big portion of the price-controlled eggs are sold to restaurants and bakeries, benefiting those who may not need them the most.

Based on its channel checks, supplies of chicken eggs, especially price-controlled grade A, grade B and grade C eggs are still tight, despite supplies increasing between 5% and 10% in recent weeks as farms delay the culling of layer hens by about 10 days.

Posted by Good123 > 2022-12-27 12:02 | Report Abuse

solid... institutional investors pun mantap :)

LHI Top Shareholders
Total Shares (Quantity)
3.22B
Total Shares (%)
88.11%

Name % Shares Position
Change Value Record Date
EMERGING GLORY SDN BHD 52.80 1,927,201,000 - 973.24M 31 Mar 22
CLARINDEN INVESTMENTS PTE LTD 8.56 312,368,400 -16,529,900 157.75M 31 Mar 22
AMANAH SAHAM BUMIPUTERA 4.93 180,000,000 - 90.90M 31 Mar 22
EMPLOYEES PROVIDENT FUND BOARD 3.43 125,144,419 7,156,400 63.20M 31 Mar 22
LAU JOO HAN 2.65 96,809,132 75,171,600 48.89M 31 Mar 22

Posted by Good123 > 2022-12-27 12:57 | Report Abuse

https://www.cnbc.com/2022/11/11/why-egg-prices-are-surging-but-chicken-prices-are-falling.html

Posted by Good123 > 2022-12-27 13:59 | Report Abuse

Loui Low, head of research at Malacca Securities, highlights surprises in the consumer segment despite the high feedstock costs. Poultry companies, for example, raked in decent earnings, with some more than decent.

QL Resources Bhd’s net profit more than doubled to RM93.9 million for the July-September quarter from RM45.94 million a year earlier, while Leong Hup International Bhd returned to the black after registering a net profit of RM67.31 million against a net loss of RM53.42 million.

Posted by Good123 > 2022-12-27 14:24 | Report Abuse

WHAT WE DO
01
Livestock Feed

Leong Hup International produces the best quality feed from our feedmills in Malaysia, Indonesia and Vietnam. Selection of raw materials for feed production, such as corn and soybean meal, is conducted under a strict quality-controlled environment in order to produce feed of the highest standard.

02
Breeder


Producing breeder day-old-chicks (“DOC”) is part of Leong Hup International’s core business in the Livestock operation. As the biggest producer of DOC in Malaysia and the top three producers of DOC in Indonesia and Vietnam, we are among the market leaders for prime quality DOC including parent stock DOC, broiler DOC and layer DOC.

03
Broiler Chicken

In Malaysia, Indonesia, Vietnam and Philippines, we produce and distribute broiler chickens for the consumption of our respective domestic markets. We also export broiler chickens from Malaysia into Singapore.

04
Table Eggs

We produce a range of fresh eggs, including normal table eggs as well as premium branded eggs enriched with Omega-3 fatty acid and Lutein.

05
Processed Food Products

“Ayam A1”, “SunnyGold”, “SAFA”, “Ciki Wiki” and “Sobat” are some of the well-known brands that we carry for our food processing products like sausages, frankfurters, nuggets, chicken tempura, frozen seafood, frozen meat and marinated meat in Malaysia, Singapore and Indonesia.

06
Food Services


Through the Baker’s Cottage outlets, Leong Hup International has penetrated into the business-to-consumers distribution channel, thereby further extending our fully integrated “Farm-to-Plate” business model in the region.

Posted by Good123 > 2022-12-27 14:25 | Report Abuse

Feedmill
3,975,670 metric tonnes
TOTAL GROUP PRODUCTION CAPACITY
2,562,960 metric tonnes
TOTAL GROUP SALES VOLUME OF LIVESTOCK FEED

(For the financial year ended 31 December 2021)

Posted by Good123 > 2022-12-27 14:25 | Report Abuse

Livestock Production
Total Group Sales Volume
503.78 million
DAY-OLD-CHICKS
142.30 million
BROILER CHICKENS
1,840.86 million
TABLE EGGS

(For the financial year ended 31 December 2021)

Posted by Good123 > 2022-12-27 14:26 | Report Abuse

2020 Malaysia Integrated Poultry Market Leadership Award Leong Hup International
Berhad
The 2020 Frost & Sullivan Asia-Pacific Best Practices Awards virtual banquet is supported by our media
partners: ACN Newswire, AI Time Journal, CryptoNewsZ, Chief IT, Asia Research News, CEO World
Magazine, and Developing Telecoms.

Posted by nelsonlimpy > 2023-02-01 09:06 | Report Abuse

share price kao lat!!!

Posted by Good123 > 2023-02-08 10:25 | Report Abuse

Keep some... Rebound is approaching

LEONG HUP INTERNATIONAL EARNS NET PROFIT OF RM67.3 MILLION IN
Q3FY22 AS REVENUE JUMPS 30.5%
KUALA LUMPUR, 29 November 2022 – Leong Hup International Berhad (“LHI” or the
“Group”), one of the largest fully integrated producers of poultry, egg and livestock feed in
Southeast Asia, today announced its unaudited consolidated financial results for the third
(3rd) quarter of 2022 (“Q3FY22”).
LHI and its subsidiaries (the “Group”) registered revenue of RM2.36 billion, 30.5% higher as
compared to RM1.81 billion posted in the preceding year’s corresponding quarter ended 30
September 2021 (“Q3FY21”). Profit after tax and minority interests (“PATMI”) for Q3FY22
increased to RM67.3 million from a loss of RM53.4 million in Q3FY21.
During the quarter under review, both livestock and feedmill achieved significant
improvements in performance compared to the previous financial quarter. Revenue of
livestock and poultry segment expanded by 36.7% while feedmill revenue increased by 23.7%.
The main contributor for livestock and poultry was by Vietnam, primarily due to higher
average selling price and sales volume of broiler chickens, followed by Indonesia due to higher
average selling price and sales volume of broiler chickens and DOC, while Philippines’ increase
was mainly from higher average selling price and sales volume of broiler chickens. Meanwhile,
feedmill segment benefited from better margin from higher average selling price and sales
volume in Indonesia.
On a geographical segmentation review, Indonesia continues to be the largest segment of the
Group, contributing RM865.0 million (36.7%) to the Group’s total revenue for Q3FY22.
Vietnam was the second highest at RM590.3 million (25.0%). Malaysia contributed RM589.8
million (25.0%), while Singapore and Philippines contributed RM197.9 million (8.4%) and
RM115.4 million (4.9%) respectively.
For the cumulative nine-month period ended 30 September 2022 (“9MFY22”), the Group
reported revenue of RM6.7 billion, an increase of 25.9% from RM5.3 billion recorded in the
preceding year’s corresponding nine-month period ended 30 September 2021. PATMI was RM128.2 million for 9MFY22, an increase of 170.3% from the RM47.4 million posted in the
corresponding period a year ago. Executive Director / Group Chief Executive Officer of LHI,
Tan Sri Lau Tuang Nguang shared, “The efforts by the Group to control costs over the past 2
years have borne fruits and we are reaping the results now. Nevertheless, we will continue to
build resilience and to prepare the Group for expected increases in interest rates.”

Posted by Good123 > 2023-02-08 10:26 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022
LEONG HUP INTERNATIONAL BERHAD

Financial Year End 31 Dec 2022
Quarter 3 Qtr
Quarterly report for the financial period ended 30 Sep 2022
The figures have not been audited
Attachments
LHI Q3 2022.pdf
339.9 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2022

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2022
30 Sep 2021
30 Sep 2022
30 Sep 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
2,361,415
1,809,097
6,720,790
5,339,432
2 Profit/(loss) before tax
100,075
-60,097
175,892
82,803
3 Profit/(loss) for the period
72,334
-66,019
129,619
43,885
4 Profit/(loss) attributable to ordinary equity holders of the parent
67,312
-53,418
128,185
47,416
5 Basic earnings/(loss) per share (Subunit)
1.84
-1.46
3.51
1.30
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.66


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.5433
0.4951

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name LEONG HUP INTERNATIONAL BERHAD
Stock Name LHI
Date Announced 29 Nov 2022
Category Financial Results
Reference Number FRA-24112022-00002

Posted by Good123 > 2023-02-08 10:31 | Report Abuse

Pasti add semua buy calls bang

2022-12-01 0.52 0.74 +0.22 (42.31%)
BUY
AmInvest
2022-11-30 0.495 0.61 +0.115 (23.23%)
BUY
RHB-OSK
2022-11-30 0.495 0.85 +0.355 (71.72%)
BUY
MalaccaSecurities
2022-11-30 0.495 0.74 +0.245 (49.49%)
BUY
AmInvest

Posted by Good123 > 2023-02-08 10:32 | Report Abuse

Aminvest target price 74sen ok ok add

https://klse.i3investor.com/web/pricetarget/research/65556

Posted by Good123 > 2023-02-08 10:40 | Report Abuse

Accumulation

Above expectations
LHIB’s 3Q22 results surprised on stronger-than-expected recovery in poultry and feedmill ASPs, and sales volume in Indonesia and Vietnam. With expectations for sustained earnings recovery in sequential quarters, we raise FY22E earnings estimates by 65% but leave FY23E-FY24E unchanged. We U/G LHIB to BUY with a higher TP of MYR0.90 (+40sen; unchanged 15x FY23E PER) on rolled forward valuations.

Posted by Good123 > 2023-02-08 11:12 | Report Abuse

KUALA LUMPUR (Jan 17): MIDF Research maintained its "positive" stance on the consumer sector after the announcement for the financial assistance programme for the B40 income group.

In a research note on Tuesday, the financial assistance — renamed “Sumbangan Tunai Rahmah" — would increase consumer spending on necessities amid inflationary pressure in the market.

MIDF also remained "positive" on the sector due the steady labour market that supports domestic consumption and improving margins for food and beverage producers, combined with lower global commodity prices and a stronger ringgit.

"We view that food and beverages producers and poultry farmers will benefit from the cash assistance due to inelastic demand for staple food items despite the current environment of high inflationary pressure and rising interest rates," it said in a note.

On selected sectors, MIDF kept a "buy" rating on several companies, including F&N Holdings Bhd with a target price (TP) of RM29.70, QL Resources Bhd (TP: RM6.30), Leong Hup International Bhd (TP: 80 sen), Spritzer Bhd (tp: RM2.64), Hup Seng Industries Bhd (TP: 79 sen) and AEON Co (M) Bhd (TP: RM1.81). Meanwhile, Nestle Malaysia Bhd was maintained as "neutral" with a TP of RM137.80.

The research house said that the announcement is not expected to affect its earnings projection for consumer companies under its coverage as its had factored in the higher consumer spending into its forecast for 2023.

At the time of writing, the consumer products and services indices on Bursa had decreased by 0.11% to 598.12 points, with selected consumer stocks leading the indice including Padini Holdings Bhd (up nine sen at RM3.78), Signature International Bhd (up five sen at RM2.39), Bonia Corp Bhd (up two sen RM2.55), Kawan Food Bhd (up three sen at RM2.33) and Panasonic Manufacturing Malaysia Bhd (up four sen at RM23.04).

Meanwhile, Amway (M) Holdings Bhd was unchanged at RM5.26, while Harrisons Holdings (M) Bhd was flat at RM6.68.

Prime Minister Anwar Ibrahim announced the cash aid on Monday (Jan 16), with its first round of payment starting on Tuesday. A total of 8.7 million receivers in the B40 income group will get the first round of cash aid payments amounting to RM1.67 billion.

Out of the 8.7 million receivers, four million households will receive RM300 each, costing the government RM1.2 billion, followed by 1.2 million senior citizens without spouses who will receive RM100 each, while the remaining 3.5 million single individuals will receive RM100 each. Cash aid beneficiaries in the rural areas including Sabah and Sarawak will also receive aid on the same date.

Posted by Good123 > 2023-02-08 11:22 | Report Abuse

Poultry World
https://www.poultryworld.net › can-...
Can the poultry industry meet its future needs sustainably?
8 Jun 2022 — It is predicted that by 2050 the demand will increase by 65% for eggs and 121% for poultry meat. Poultry production

Posted by Good123 > 2023-02-08 11:23 | Report Abuse

The shares hit a high of 1.19 ringgit in the first few minutes of trade after the initial public offering (IPO) was priced at 1.10 ringgit per share, giving Leong Hup a market capitalisation of 4.02 billion ringgit ($964 million).15 May 2019
https://www.reuters.com › article
Malaysian poultry firm Leong Hup rises on debut, signals firm demand - Reuters

Posted by Good123 > 2023-02-08 11:34 | Report Abuse

More tourists more demand for poultry products

Posted by Good123 > 2023-02-08 11:54 | Report Abuse

The Poultry Site
https://www.thepoultrysite.com › co...
Malaysia
Malaysia extends price support for poultry products ... Malaysia relaxes live chicken export restriction ... Malaysia to end chicken farmers subsidies

Posted by Good123 > 2023-02-08 11:54 | Report Abuse

dosm.gov.my
https://www.dosm.gov.my › ctheme...
Report of Special Study on Production Cost of Chicken and Egg, 2022
30 Dec 2022 — The average production cost of chicken and egg at farm in Malaysia were RM6.53 per kilogramme and RM0.48 each in

Posted by Good123 > 2023-02-08 11:56 | Report Abuse

Focus Malaysia
https://focusmalaysia.my › understa...
Understanding the intrigue of the Malaysian poultry industry
7 Apr 2021 — Malaysian farmers were able to produce circa 98% of the national demand for poultry meat and 115% of the national

Posted by Good123 > 2023-02-08 11:57 | Report Abuse

freemalaysiatoday.com
https://www.freemalaysiatoday.com › ...
RM1.30 profit margin for chicken wholesalers, retailers
30 Dec 2022 — Chief statistician Uzir Mahidin said the average production cost of chicken and egg at poultry farms in Malaysia was RM6.53 per kg and 48 ...

Posted by Good123 > 2023-02-08 11:57 | Report Abuse

Statista
https://www.statista.com › statistics
Chicken production in Malaysia 2011-2020
5 Oct 2022 — In 2020, the chicken production in Malaysia amounted to approximately 295.6 million heads. This indicates an increase from the previous year ...

Posted by Good123 > 2023-02-08 11:58 | Report Abuse

Malaysia is largely self sufficient in poultry meat production with over 81% of the local domestic demand for meat and more than 111% of the country's ...

Posted by Good123 > 2023-02-08 11:59 | Report Abuse

Knoema
https://knoema.com › Agriculture
Malaysia Poultry meat imports quantity, 1961-2022
In 2021, poultry meat imports quantity for Malaysia was 96766 tonnes. Poultry meat imports quantity of Malaysia increased from 752 tonnes in 1972 to 96766

Posted by Good123 > 2023-02-08 12:26 | Report Abuse

Better relist in Singapore delist from bursa


The Star
https://www.thestar.com.my › leong...
Leong Hup makes firm debut amid cautious market
16 May 2019 — KUALA LUMPUR: Leong Hup International Bhd made a firm debut on Thursday, opening at RM1.12 which was two sen above its offer price of RM1.10 ...

Posted by Good123 > 2023-02-08 12:26 | Report Abuse

The boss can privatise cheaply now relist in Singapore or hongkong

Posted by Good123 > 2023-02-08 12:44 | Report Abuse

Delist n relist elsewhere

PETALING JAYA: Leong Hup International Bhd is targeting to raise RM275 million from its relisting on the Main Market of Bursa Malaysia.

The poultry player was delisted in April 2012.

Posted by Good123 > 2023-02-08 16:01 | Report Abuse

Leong Hup was delisted in April 2012 following the privatisation exercise by Emerging Glory Sdn Bhd, a company owned by the founding Lau family. Based on annual production, LHI is the largest integrated producer in Malaysia and the third largest in Indonesia and Vietnam.16 May 2019
https://leonghup.listedcompany.com › ...PDF
Leong Hup International Berhad | Investor Relations

Posted by Good123 > 2023-02-08 16:04 | Report Abuse

Do it again

years prior to the offer, and comparing with its NA.

Besides its business in poultry, Leong Hup is also an investment holdingcompany.

Hence, the non-interested shareholders would be able to use this disposal as an opportunity to realise their investment in Leong Hup at a higher return than they would obtain in disposing of the same in the open market, it said.
Given this, TA Securities recommended that the shareholders of Leong Hup vote in favour of the proposals. The proposals will be tabled at the upcoming EGM to be held on Jan 19, 2012. The resolution regarding the proposed distribution is required to be passed by a majority of at least 75% of the non-interested shareholders at the EGM.
Leong Hup started out in the early 1960s as a small farm and was listed on the Main Market of Bursa Malaysia on Oct 29, 1990.
Besides its business in poultry, which includes the rearing and distribution of parent-stock day-old chicks, Leong Hup is also an investment holding company.
Some of the directors of Leong Hup are also shareholders of Emerging Glory, a special-purpose private limited company, and they include Datuk Lau Bong Wong, Datuk Lau Eng Guang and Tan Sri Lau Tuang Nguang. Each of them owns 25% of Emerging Glory. The directors and Leong Hup Management Sdn Bhd have a combined 46.74% direct interest in Leong Hup.
If the proposals were approved and the disposal goes through, Leong Hup is expected to be delisted by the end of March next year.
Leong Hup shares have seen an increase in price since their six-month low on Sept 26, which closed at RM1.51. The stock ended unchanged yesterday at RM1.70, on volume of 206,900.

Posted by Good123 > 2023-02-08 16:40 | Report Abuse

The Edge Markets
https://www.theedgemarkets.com › ...
Poultry is recession-proof business, say analysts
KUALA LUMPUR: Analysts have deemed the egg industry a recession-proof sector, with their health value and

Posted by Good123 > 2023-02-08 18:48 | Report Abuse

MIDF Research says government subsidies and grants for livestock farming in Malaysia could potentially help sustain Leong Hup’s margin by reducing the impact of price controls on chicken and eggs.

PETALING JAYA: Leong Hup International Bhd earnings recovery momentum is expected to be sustained in the fourth quarter of this year (4Q22), but margin compression will persist in the near term with raw material costs for livestock and poultry still high.

The group’s vertical integration of poultry, eggs and livestock feed, and geographic diversification across countries could partially mitigate against any downside.

MIDF Research said government subsidies and grants for livestock farming in Malaysia could potentially help sustain Leong Hup’s margin by reducing the impact of price controls on chicken and eggs.

According to RHB Research, the company’s strong earnings recovery momentum should continue into 4Q22 due to seasonal demand and serve as a reflection of lower feed costs.

However, the operating environment in Indonesia has remained challenging and should continue to be a drag on Leong Hup’s earnings, thereby offsetting some of the growth from other markets, said RHB Research.

TA Research expects the lifting of the export ban of broiler chickens to Singapore to contribute positively to the group’s Singapore poultry segment earnings before interest, tax, depreciation and amortisation, which have underperformed despite the resumption of economic activities.

Additionally, the subsidy for price-controlled chicken eggs was raised to eight sen per egg, effective Oct 12, 2022, from three sen per egg previously.

This should improve the results of the 54.6%-owned subsidiary, Teo Seng Capital Bhd.

Prices of main raw materials such as corn and soybean meal are both down about 18% and 16%, respectively, from their peaks and have since stabilised.

TA Research revised its target price (TP) for Leong Hup to 70 sen per share from 53 sen previously, based on 12 times FY23 earnings per share. It reiterates its “buy’’ call on the stock.

HLIB Research raised its FY22 to FY24 core net profit forecasts for the company by 44.8%, 6.8% and 6.8%, respectively, to account for subsidy payments for FY22 and a higher operating margin assumption for its livestock feed segment.

It also upgraded the stock to a “buy’’ call with a higher TP of 60 sen per share.

RHB Research maintains its “buy’’ call on Leong Hup with a TP of 61 sen per share, while MIDF Research retains its “neutral’’ stand with a TP of 47 sen per share.

MIDF Research cited downside risks to its forecast as a substantial increase in the cost of raw materials, adverse regulatory change and fierce competition.

Posted by Good123 > 2023-02-08 18:51 | Report Abuse

LEOG Historical Data
Time Frame:
Monthly
Download Data
01/08/2019 - 02/08/2023

Date

Price

Open

High

Low

Vol.

Change %
02/01/2023 0.485 0.500 0.505 0.480 1.39M -2.02%
01/01/2023 0.495 0.495 0.525 0.490 10.03M 0.00%
12/01/2022 0.495 0.520 0.540 0.495 7.88M -4.81%
11/01/2022 0.520 0.455 0.530 0.450 8.71M +14.29%
10/01/2022 0.455 0.455 0.465 0.440 4.41M -1.09%
09/01/2022 0.460 0.495 0.495 0.450 4.45M -6.12%
08/01/2022 0.490 0.520 0.535 0.470 17.77M -5.77%
07/01/2022 0.520 0.520 0.530 0.515 14.79M 0.00%
06/01/2022 0.520 0.510 0.570 0.510 47.21M +1.96%
05/01/2022 0.510 0.540 0.540 0.500 10.97M -2.86%
04/01/2022 0.525 0.520 0.560 0.515 10.57M +0.96%
03/01/2022 0.520 0.520 0.530 0.495 17.84M -0.95%
02/01/2022 0.525 0.565 0.580 0.520 19.75M -4.55%
01/01/2022 0.550 0.530 0.620 0.530 23.90M +4.76%
12/01/2021 0.525 0.525 0.545 0.495 24.42M 0.00%
11/01/2021 0.525 0.655 0.655 0.515 48.46M -19.85%
10/01/2021 0.655 0.650 0.690 0.645 15.89M +0.77%
09/01/2021 0.650 0.680 0.680 0.650 16.66M -4.41%
08/01/2021 0.680 0.685 0.700 0.665 12.71M -1.45%
07/01/2021 0.690 0.700 0.710 0.665 20.57M -1.43%
06/01/2021 0.700 0.735 0.780 0.700 34.35M -4.76%
05/01/2021 0.735 0.710 0.760 0.695 38.69M +3.52%
04/01/2021 0.710 0.690 0.775 0.685 51.13M +2.90%
03/01/2021 0.690 0.700 0.800 0.690 72.55M -1.43%
02/01/2021 0.700 0.675 0.735 0.665 20.46M +4.48%
01/01/2021 0.670 0.685 0.705 0.660 26.88M -2.19%
12/01/2020 0.685 0.710 0.775 0.670 64.68M -3.52%
11/01/2020 0.710 0.670 0.710 0.655 22.12M +6.77%
10/01/2020 0.665 0.720 0.785 0.665 30.39M -6.34%
09/01/2020 0.710 0.820 0.825 0.635 33.99M -13.41%
08/01/2020 0.820 0.860 0.885 0.750 53.88M -4.65%
07/01/2020 0.860 0.775 0.960 0.765 142.94M +13.16%
06/01/2020 0.760 0.625 0.845 0.625 132.34M +22.58%
05/01/2020 0.620 0.625 0.645 0.575 42.98M -2.36%
04/01/2020 0.635 0.565 0.660 0.550 44.43M +12.39%
03/01/2020 0.565 0.700 0.705 0.430 53.89M -19.29%
02/01/2020 0.700 0.750 0.805 0.690 42.36M -9.09%
01/01/2020 0.770 0.875 0.890 0.755 24.92M -12.50%
12/01/2019 0.880 0.825 0.905 0.820 70.00M +7.32%
11/01/2019 0.820 0.960 0.990 0.815 128.71M -14.58%
10/01/2019 0.960 0.835 0.995 0.830 105.72M +16.36%
09/01/2019 0.825 0.845 0.855 0.800 34.60M -1.20%
08/01/2019 0.835 0.930 0.935 0.720 93.80M -10.70%
07/01/2019 0.935 1.030 1.040 0.905 102.45M -8.33%
06/01/2019 1.020 1.030 1.100 1.020 89.11M -1.92%
Highest: 1.100 Lowest: 0.430 Difference: 0.670 Average: 0.662 Change %: -53.365