Posted by CSOON 77 > 2023-12-14 12:28 | Report Abuse

The sindiket will press down to 0.52 i think

Posted by lazzo88 > 2023-12-14 15:01 | Report Abuse

seems like it...when it happens, then can try to catch a little bit

Posted by Chipee > 2023-12-15 09:28 | Report Abuse

It's the end of the year. These funds are rebalancing their portfolio. Some are taking profit to provide dividends to their investor or for tax purposes. So these selling is no issue. Wait till early next year. I believe more buying will ensue.

Posted by lazzo88 > 2023-12-15 13:05 | Report Abuse

In that case, it's company selling, not substantial shareholders selling 😅

Posted by CSOON 77 > 2023-12-19 14:33 | Report Abuse

Very hard to let go all my share at 0.605 will buy back at 0.52 gud luck guy

Posted by lazzo88 > 2023-12-19 15:37 | Report Abuse

price ceiling for chicken was lifted, don't think it will fall to as low as 0.52 ...

Posted by CalculatingAbbey > 2023-12-21 16:02 | Report Abuse

It's about time LHI. Still waiting for 0.70 as per the data from DEX's calculation.

Posted by ckwee168 > 2023-12-22 11:36 | Report Abuse

https://www.thestar.com.my/news/nation/2023/12/22/five-companies-fined-rm415mil-for-fixing-chicken-feed-price

MyCC has upheld its earlier verdict and fine of RM157 million on LHI's participation on a cartel group's fixing of chicken feed price which is in violation to the country's anti-competition law provision despite LHI's strong rebuttal against the charges .. The total fine amount of RM157 million is rather substantial as it accounted for ~50% of its total earnings in 2023, and has yet to be booked in its 2023 financials .. This is a grossly negative as it will certainly affect its ability to declare a higher dividend payout to the shareholders but management had earlier indicated in its recent QR of its intention to challenge the verdict via court proceeding .. Nonetheless, the penalty amount still needs to be booked in its account for prudent accounting practice and reverse out in the event of successful court challenge .. i reckoned the recent price weakness of LHI share (i.e. dumping by institutional investors) have more less priced in this negative news and the share price could see a more meaningful recovery in 2024 ...

Posted by Unfair > 2023-12-22 12:25 | Report Abuse

No wonder KFC, McDonalds ayam so expensive nowadays. Chicken feed price the cause.

Posted by lazzo88 > 2023-12-22 12:27 | Report Abuse

Either catch when it falls to 55 cents or wait next year and see ...

Posted by angrycat > 2023-12-22 12:29 | Report Abuse

Now I understand the reason for the dumping of LHI shares recently

Posted by Medusa > 2023-12-22 12:34 | Report Abuse

Runnnnnnnnnnnnnnnnnnnnnnnnn

More cases will be exposed

Anwar wants to break monopolies of this big 5 companies

More penalty will be imposed on this cartel companies

Not the first and the last

Kikiki

Posted by Medusa > 2023-12-22 12:37 | Report Abuse

Follow Medusa buy low sell high

Follow others buy high sell low

Kikiki…

According to Iskandar, the cost of chicken feed represents 72.8% of the total cost for chicken production compared with other factors, such as day-old-chicks (21%), manpower (2.6%), transportation (1.7%), vaccine/vitamin (1.0%), and utilities such as water and electricity (0.9%).


“Based on our investigation, there are 29 feedmill companies, of which these five companies control 40% of the market,” he said.

He said the companies would raise the price of chicken feed by RM1 to RM2 per 50kg, either simultaneously or within a week of each other.

Dindings Poultry was fined RM70,023,622.35, followed by FFM Bhd (RM42,689,583) Gold Coin Feedmills (RM97,511,670) Leong Hup Feedmill (RM157,470,027), and PK Agro-Industrial (RM47,800,793).

On top of the fine, MyCC also issued a cease and desist order instructing the companies to cease participation in the chicken feed cartel.

Posted by ckwee168 > 2023-12-22 12:53 | Report Abuse

Just to add that the fine payment of RM157 million is still manageable to LHI considering its circa RM1 billion of operating cashflow generation annually, which is more than sufficient to service its debt payment & dividend payout of 4 cents per share .. And in spite of this negative hit, LHI is still a compelling counter to hold for its superior dividend yield of >6% with further capital upside on its eventual earnings recovery from Vietnam and Indonesia market .. Thank you and God Bless :)

Posted by Medusa > 2023-12-22 14:05 | Report Abuse

Hahaha naive people

If LHI got this scandal, you really think only this case?

Definitely before this scandal exposed, more hanky panky dealing trade secret profiting by this cartel previously

Malaysian people like you are gullible and C2PID

Kikiki…

Posted by nelsonlimpy > 2023-12-22 16:12 | Report Abuse

anybody know know they did any provision or allocation/impairment over the last few quarters for this expected fine???

Posted by Unfair > 2023-12-22 16:15 | Report Abuse

Seriously no IBs aware of this? Their buy call is to con us?

Posted by CalculatingAbbey > 2023-12-22 16:34 | Report Abuse

@Unfair Nope. I believe it will bask in its glory after a few rounds of sell-off. Requiring a bit of patience to ride through tumultuous times. Plus, not a PN17 or GN company either if you have your fundamentals with you

Posted by Unfair > 2023-12-22 17:25 | Report Abuse

Why insiders disposed if fundamental is good?

Posted by Ayong21 > 2023-12-22 18:08 | Report Abuse

Any brave soldiers sapu-ing LHI shares ? Company announce will take legal action against Gov Mycc decision. Get popcorn ready and watch show.

Posted by hhhiii123 > 2023-12-22 19:28 | Report Abuse

Got chance to buy at 50 sen?

Posted by Medusa > 2023-12-22 21:43 | Report Abuse

Rule No.1

Always remember this

Whenever IB ask you sell, slowly accumulate

When IB ask you to buy, run fast fast

That is how Medusa earn plofit

Kikiki…

Posted by Medusa > 2023-12-22 21:51 | Report Abuse

Rule No.2

If a company is dishonest with shareholders and not practising good governance like Serbuk Dinamik, the company sooner or later will going to fall

No institutional financiers will be willing to pinjam duit to unscrupulous management in cheating all stakeholders carrying illegal secret trade in long term

Only honest and integrity company will sustain in long term and worthy to invest

Now you know why insider investors keep dumping millions of shares almost every day before this news published

Key to success : Integrity & honesty

Follow medusa buy low sell high

Follow IB buy high sell low

Kikiki…

Posted by Medusa > 2023-12-22 21:58 | Report Abuse

IB also need to cari makan

If no con you how they going to answer to their “shareholders” later when putting their so called “investments” inside bank

Must understand IB needs to declare at least small dividend to their respective investors

Their dividend is coming from you aka noobie🤭

Kikiki…

Posted by Chipee > 2023-12-22 23:53 | Report Abuse

MyCC can lose in court. Example, Grab won case against MyCC's fine. Leong Hup can win too.
https://www.malaymail.com/news/malaysia/2023/07/06/high-court-quashes-myccs-rm8677m-proposed-fine-against-grab/78251

Ayong21

Any brave soldiers sapu-ing LHI shares ? Company announce will take legal action against Gov Mycc decision. Get popcorn ready and watch show.

Posted by supersaiyan3 > 2023-12-24 00:54 | Report Abuse

吹吹水......

在法例中，合謀議價是犯法的，就是一堆同行不能一起商量好一起起價。這一點，似乎是成立的，因為飼料廠一般都會一起起價、跌價。

但廠可以辯說，全世界都在起價，並不是只有本地廠而已。

所以事實是，管理層的無知，造成的疏漏。而這是完全可以避免的。

Posted by gankm > 2023-12-24 11:10 | Report Abuse

This industry really difficult. Raw material increase, Ringgit Malaysia is so weak, basic salary increase to RM1500, all the cost increase. But cost cannot transfer to consumer. Chicken price up, all people cry father cry mother and complaint and media will highlight it. If cannot afford to eat chicken, go and buy beef, mutton and pork la, price of beef, mutton and pork is cheaper I think.

Posted by Medusa > 2023-12-25 14:04 | Report Abuse

Understand the difference between subsidy goods and normal goods.

Malaysians people mmg lahir bodo or bengong?

Kikiki…

Posted by Chipee > 2023-12-26 03:48 | Report Abuse

After LHI win the case against MyCC on the fine . LHI should sue MyCC CEO personally for defamation ... calling LHI a cartel.

Posted by izoklse > 2023-12-26 04:07 | Report Abuse

In rupanya company pengkhianat negara. no wonder shareholder all selling and run. Government should not only fine 500 Mil. Patut fine 1 Bil and make them bankrupt to teach them and send message to other cartel. You go again govt wish and rakyat wish you will sakit or ditidurkan.

Posted by chamlo > 2023-12-26 04:15 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/6039307

Posted by chamlo > 2023-12-26 04:15 | Report Abuse

60,5 sen last director disposed price.

Posted by chamlo > 2023-12-26 04:17 | Report Abuse

2023-12-22

Insider

CONCORDANT INVESTMENTS PTE LTD (a substantial shareholder) disposed 1,500,000 shares on 19-Dec-2023.

2023-12-22

Insider

AFFINITY ASIA PACIFIC FUND IV L.P. (a substantial shareholder) disposed 1,500,000 shares on 19-Dec-2023.

Posted by chamlo > 2023-12-26 04:17 | Report Abuse

Concordant, Affinity also non-stop disposing LHI.

Posted by bose00 > 2023-12-26 09:04 | Report Abuse

Finally the bad news is out. The bleed will stop soon .

Looking forward to a better earnings to cover the loss.

Posted by Medusa > 2023-12-26 09:50 | Report Abuse

Government is going all out on cartels

Expect more bad news

Follow medusa buy low sell high

Follow sohxi buy high sell low

Kikiki…

Posted by bose00 > 2023-12-26 12:01 | Report Abuse

LHI can afford to pay the fine using 1 QR of profit , its the reputation that matters

Posted by Pakcik Kiah > 2023-12-26 12:07 | Report Abuse

Pay the price for the crooked profits. I am sure this has been going on for years.

Posted by newbie_2018 > 2023-12-26 12:21 | Report Abuse

Ayam, telur mahal because of LHI?

Posted by lazzo88 > 2023-12-26 13:57 | Report Abuse

Nope, Ayam dan telur mahal is because of government

Posted by Chipee > 2023-12-26 14:03 | Report Abuse

During COVID, rice price also went up. MyCC didn't fine Bernas. Why?
Chicken and egg go up in price and they attack the 5 companies blaming on chicken feed ... bcoz they are Chinese owned. Racist government is BACK guys.

Chicken feed is made of soy meal and corn. Just like a commodity like rice. All commodity went up in price.

newbie_2018

Ayam, telur mahal because of LHI?

Pakcik Kiah

Pay the price for the crooked profits. I am sure this has been going on for years.

izoklse

In rupanya company pengkhianat negara. no wonder shareholder all selling and run. Government should not only fine 500 Mil. Patut fine 1 Bil and make them bankrupt to teach them and send message to other cartel. You go again govt wish and rakyat wish you will sakit or ditidurkan.

Posted by Chipee > 2023-12-26 14:07 | Report Abuse

Just Googled this ....

Padiberas Nasional (Bernas), a local conglomerate that controls rice distribution, last month announced a 36% rise in the price of imported rice, prompting people to seek out cheaper local rice.3 Oct 2023

MyCC should fine BERNAS.

Posted by Chipee > 2023-12-26 14:39 | Report Abuse

OH another thing more shocking ..... USD went up in PRICE.
MyCC should fine Bank Negara !!! 😂😂🤣🤣🤣🤣😂🤣

Dumb people would probably do it. .... Hahahahaha

Posted by Chipee > 2023-12-26 14:44 | Report Abuse

GRAB sued MyCC. Took 3 years for verdict for GRAB. SO assuming LHI vs MyCC takes the same period of time ....LHI would have made the profit to cover the fines. But LHI should win if court is fair.

Posted by gankm > 2023-12-26 14:54 | Report Abuse

Tan Sri Francis, please come out and say something. This has ruined the reputation of LHI.

Posted by pang72 > 2023-12-26 14:59 | Report Abuse

Market looks like react the fine as good news because cases concluded.
Back to fundamental business is excellent with 3.5c per QR

Posted by Chipee > 2023-12-27 02:19 | Report Abuse

No need to say anything la . Just sue MyCC CEO for defamation for calling LHI a cartel. Kawtim....

gankm

Tan Sri Francis, please come out and say something. This has ruined the reputation of LHI.

Posted by Plantermen > 2023-12-27 05:49 | Report Abuse

Without prejudice or disrespect to any parties. The fine of 157 million imposed on LHI for breaching the rules related to poultry feedmill price fixing is very substantial. At this point of time LHI press announcement to challenge and applied for a stay of the decision is lauded. Nonetheless minorities shareholders have the right to know what other plans the management have in mind apart from engaging external legal counsels to contest against the fine. 157 million is a very substantial sum of money if the company failed in its bid. Just my own personal 2 sen take on the legal saga

Posted by chamlo > 2023-12-27 13:48 | Report Abuse

RM 157 mil fine is more than 1 qtr earning no more?

Posted by chamlo > 2023-12-27 13:49 | Report Abuse

If visit PM-X facebook does he support the fine?