Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Poultry already incurred loss for continues quarter,what you expect for the coming quarter due to raya festival (flour & chicken consumption will increase double after covid 19?)
Don’t u think u all have too optimistic on poultry sector? Now Malaysia still not yet good control with Covid case. If MCO keep extend, Malaysia restaurant will not able open soon. How the chicken will be consumed a lot? Price of chicken now can be considered at cheap price. How the poultry sector will profit. Second, Ringgit Malaysia keep depreciating, the cost of imported corn and feed mill will increase.
In Malaysia, u should focus on LHI which is the biggest poultry company. Use it as the direction.
All above just my opinion. No any call buy or call sell intention. Buy at your own risk
But I do think now its not a good price to enter, those who want to enter can probably wait for retracement back to 0.54-0.56 region which is safer in my opinion. But who knows stock price could fly up like LCTitan after a poor result. Just stay vigilant and I hope you all can make a good fortune.
LHI also making losses in recent qr. I think most poultry companies not doing good. However Mflour still has strong revenue on flour, that's the plus side. Just wait another quarter and see what would happen
Ya flour demand is high during raya,but due to our weak ringgit& indo rupiah,Mflour have to pay more for all the due payment & this is why profit from indonesia operation reduce due to weak rupiah.will this factor affect our local operation? nobody know!