Posted by Stocker > 2023-05-12 15:19 | Report Abuse

macam lai liao～

Posted by supersaiyan3 > 2023-05-15 21:27 | Report Abuse

潮成較去年賺多幾倍，較上季賺多五十巴仙。

看來，龍合延續趨勢情理之中。

Posted by rohank71 > 2023-05-15 23:59 | Report Abuse

this chicken guy con everybody. major shareholders have many companies outside to cream the profit from here.

Posted by rohank71 > 2023-05-15 23:59 | Report Abuse

stay away. don't waste time.

Posted by supersaiyan3 > 2023-05-16 09:22 | Report Abuse

人家賺錢了分你紅，就是實誠生意人。有那麼一大半是混蛋將公司當是自己的。

你不喜歡分紅實誠生意人，愛哪去上哪去，別胡說八道。

Posted by Chipee > 2023-05-16 15:38 | Report Abuse

rohank71 ... why u say like that? Any proof?

Posted by supersaiyan3 > 2023-05-16 19:01 | Report Abuse

Nice closing.....

Posted by jgb349000 > 2023-05-17 22:18 | Report Abuse

Tp 80c

Posted by supersaiyan3 > 2023-05-17 22:39 | Report Abuse

80c is good.

So, perhaps next week QR will be released.

Actually (last quarter) 90m net profit is very nice already. 150m? lol

If 4 cents eps quarterly, then 16 cents per annum, now priced at 4 times forward PE. 6 times PE good enough.

Posted by rohank71 > 2023-05-17 22:56 | Report Abuse

short of checken and egg supply. Good for Chicken bz

Posted by jgb349000 > 2023-05-18 22:55 | Report Abuse

Oversuppy of eggs,,,habislah..

Posted by supersaiyan3 > 2023-05-19 01:14 | Report Abuse

Luckily LHI mainly feed, parent stock DOC, broiler DOC, layer DOC, broiler. TeoSeng is mainly eggs though. But last QR was good enough.

Posted by hslee5 > 2023-05-19 15:18 | Report Abuse

hot weather reduce egg production, price can up again?

Posted by gankm > 2023-05-20 14:11 | Report Abuse

Malaysia chicken price might be good. But don't forget LHI also has business in Vietnam, Indonesia. Is the chicken price in other country is good? Dont expect too much for the coming quaterly results. You might end up dissapointed.

Posted by supersaiyan3 > 2023-05-21 10:17 | Report Abuse

gankm, you got a point.

i heard still good, but not so good already. Upcoming QR should be superb but after that ease off already.

Posted by supersaiyan3 > 2023-05-22 09:31 | Report Abuse

LHI got lots of feedmills, so expect big profit as ingredient down and feed price no down.

Now market leaders demand government steps in, so coming maybe not as good.

Expect big fat profit upcoming QR......gogogo

Posted by Patron > 2023-05-23 17:53 | Report Abuse

stronger SGD is good for exporters to Singapore..

Posted by gankm > 2023-05-24 10:29 | Report Abuse

The movement of the share price already reflect the coming QR results. I think there wont be any big fat profit. Please dont use Teo Seng as benchmark.

Posted by jackjason > 2023-05-24 12:38 | Report Abuse

this counter can't maintain the uptrend momentum punya, only can play on short rebound.

Posted by supersaiyan3 > 2023-06-08 12:59 | Report Abuse

農長說七月一日起自由浮動，激勵家禽股猛漲。（不是說六月起嗎？）

Anyway, long term still looks good, but april weather so hot may affect performance. Now Feed prices started to drop.....

Posted by supersaiyan3 > 2023-06-08 13:00 | Report Abuse

沒有抄到最低點，但還行。運氣好的話回到56到60？

Posted by luckyparit > 2023-06-08 21:03 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/06/08/agriculture-minister-chicken-egg-prices-to-be-floated-from-july-1/73213

Posted by jackjason > 2023-06-08 23:18 | Report Abuse

热天鸡会生少蛋的

Posted by wahidul > 2023-06-09 21:45 | Report Abuse

no price cap removal,subsidy to continue,sudah U turn ready lo

Posted by cktay > 2023-06-18 23:56 | Report Abuse

BTW did I hear correctly? LHI said during the recent AGM that they have collected their subsidy up to 31 Dec last year. Q1 subsidy have not yet been collected.

Posted by cktay > 2023-06-18 23:56 | Report Abuse

Is LHI undervalued? Can the more serious investors add to my comments?
Price : 0.495
PE : 8.1
DY : 3.6%
IPO : RM1.10
AmInvest TP : 0.79
RHB-OSK TP : 0.63
M’caSec TP : 0.97

Posted by cktay > 2023-06-18 23:57 | Report Abuse

Most of the Poultry & egg counters made hefty profits in the 1st quarter, but LHI was the exception,
with Q1 net profit dropping to RM22m from RM90m Q4 last year
“EBITDA decreased by 83.0%. The decrease was mainly due to margin compression stemming from the elevated input costs of feed as well as low average selling price of DOC in Indonesia”
True, Indonesia was having a chicken glut in Q1 and they were culling chicken!
It made no sense especially to the small farmers to rear poultry and then sell below their cost.
Supply and demand I believe have played out in Indonesia.
Check out Indonesia Average Wholesale price, Chicken Meat https://www.ceicdata.com/en/indonesia/average-wholesale-price-by-regions-chicken-meat/average-wholesale-price-chicken-meat-bali-denpasar-municipality
The price has shot back up since around May 1st
…..”average selling prices (ASP) in Indonesia have surged significantly over the past month on the back of reduced supply as well as increased demand during the Ramadhan festivity” …. AmInvest
Note that Indonesia is most important market because it contributes to 35% of LHI total revenue (followed by M’sia, Vietnam, S’pore and Philippines.)
I hope to see LHI results improving in Q2.

Posted by cktay > 2023-06-18 23:58 | Report Abuse

The profitability of the poultry business depends very much on the cost of chicken feed which in turns depend on the price of wheat and corn.
Checking wheat futures, it is around 690 now compared to 1100 in early 2022. (There is a slight blip upwards since the dam in Ukraine broke.)
Corn is around 640 compared to 820 around early last year.
Of note is that LHI is not a pure play chicken business.
It feedmill business is huge, with revenue of 993m, only slightly lower than its livestock/poultry business of 1199m.
EDITDA for feedmill was RM149m, that is where its main profit come from in Q1.

Posted by cktay > 2023-06-18 23:58 | Report Abuse

So why is LHI price so low from its IPO price of RM1.10
Someone must have been selling, but who?
Checking the 30 largest shareholder (as of 31 Mar 2023) …
Emerging Glory with 52% belonging to the Lau family
Datuk Lau recently bought 20m and 30m on 12 Jun 2023, so you can rule out the Lau family selling.
Maybank Sec for Clarinden Investment is the 2nd largest shareholder at 8.5% (313m shares)
Clarinden/Affinty/Concordant (S’pore based) last sold 2.3m shares back in 17 Mar 2022.
Clarinden/Affinty/Concordant with well over 5% cannot quietly sell because they will have to report.
(Btw, Affinity was Emerging Glory’s partner that took Leong Hup Hlg & Emivest private in 2014)

Posted by cktay > 2023-06-18 23:59 | Report Abuse

More worrying are those with less than 5% because they can dispose quietly without informing bursa.
Amanah Saham Bumiputra with 4.9% had held steady since 2019
EPF has 2.8% or 102m shares (on 31 Mar 2023) compared to 3.2% or 116m shares (on 31 Mar 2022)
Hence I figure out the EPF sold 14m shares the past year!!!!!
[Just like they have been selling YTL / YTLPower – quite mind boggling people!]
Continue my research later – mid-night now – good-nite!

Posted by cktay > 2023-06-19 11:42 | Report Abuse

BTW the 50m shares acquired by Tan Sri Lau constitute a 1.37% share.
No corresponding seller was announce, so I assume it again come from a <5% shareholder.
Who? your guess would be as good as mine!

Posted by supersaiyan3 > 2023-06-29 23:44 | Report Abuse

Patron, how to check the price for broiler and eggs?

By the way, I have been thinking of building a few sheds to farm chicken, i think it has to take one year or so before I can sell any chicken. I noticed the market price is very attractive, the only challenge seems to be stable supply of DOCs.

Posted by supersaiyan3 > 2023-06-29 23:47 | Report Abuse

So if august state elections, then maybe october free float price again? or next year?

Posted by gankm > 2023-07-02 11:31 | Report Abuse

you can check the broiler chicken price at DVS website,
https://www.dvs.gov.my/dvs/resources/user_1/2023/BPSPV/HARGA%20EX-FARM/AYAM.pdf

Posted by supersaiyan3 > 2 months ago | Report Abuse

gankm, this is up to may only. Wonder what price it is now....

Posted by gankm > 2 months ago | Report Abuse

supersaiyan3, I dunno the latest price. I am just a layman, so the information I have is very limited. Unless you know anyone working in LH? Lol..

Posted by old boy > 2 months ago | Report Abuse

Can try go to pasar, talk nice to the uncle aunty chicken trader, see can get info or not

Posted by Patron > 2 months ago | Report Abuse

@supersaiyan yes can talk to chicken traders around. price is still high. good export margin expected. Fama website can check the latest price too.

https://www.fama.gov.my/harga-pasaran-terkini

Posted by cktay > 2 months ago | Report Abuse

Grain prices have not changed much this week, and economists say Russia’s exit from the deal will not have the dire effects seen last year, in part because other parts of the world have had robust harvests and in part because Ukraine has stepped up exports by truck, train and river barge.
https://www.nytimes.com/2023/07/18/world/europe/russia-barrage-odesa-grain-bridge.html

Posted by cktay > 2 months ago | Report Abuse

Teo Seng forecast to sustain solid first-quarter financial performance
https://www.thestar.com.my/business/business-news/2023/07/19/teo-seng-forecast-to-sustain-solid-first-quarter-financial-performance#:~:text=Its%20stellar%20financial%20performance%20in,Investment%20Bank%20(HLIB)%20Research.
(LHI's subsidiary Advantage Valuations own 52% of TeoSeng)

Posted by old boy > 2 months ago | Report Abuse

Leong Hup own only 51% in AV, the rest own by owner's family holding company so Leong Hup only enjoy about 26% of Teoseng's profit

Posted by old boy > 2 months ago | Report Abuse

Leong Hup own only 51% in AV, the rest own by owner's family holding company so Leong Hup only enjoy about 26% of Teoseng's profit

Posted by gankm > 1 month ago | Report Abuse

Good qtr result is coming, hope the price can at least move to 60 cents. Chicken Feed price is stable + average selling is better compare last year. Hope I am right.

Posted by supersaiyan3 > 1 month ago | Report Abuse

Sooner or later the government got to uplift the ceiling price, sooner or later.....

There are two issues, one is ceiling price and two is subsidy.

These few months would be a good time.

Posted by hhhiii123 > 1 month ago | Report Abuse

Lucky I dump layhong and keep this counter, damn strong now

Posted by supersaiyan3 > 1 month ago | Report Abuse

YoY improved, on track to break record year end.

Wait some houses reiterates 93c, some up to strong buy. Hehe.

Posted by gankm > 1 month ago | Report Abuse

is pointless if the share price is not moving.. from IPO price RM 1.10 drop to RM0.50 cents.. Lots of layman hard earned money is cheated by this company. Muar people say this is a conman company. Maybe is true.. Lol..

Posted by supersaiyan3 > 1 month ago | Report Abuse

Sold my CAB+, made sikit sikit, switch all to LHI. CAB made money no use not for shareholders!

I got so much LHI now.

Posted by supersaiyan3 > 1 month ago | Report Abuse

這兩年一直想養雞，因為算一算真的是可以賺大錢。

尤其是今年解決了肉毒桿菌的問題，覺得非常開心！很多養雞的都不知道有這個問題、以及解決辦法。

求了一道籤，真的是靈！說我以前養過雞失敗了，如果執著再養回來，就算成功也會很辛苦！

所以呢，投資龍合，湊合算了！

Posted by gankm > 6 days ago | Report Abuse

Big fat profit also no use.. the share price still remain stagnant.. hello Lau family, when can you all push back to price to IPO level of $1.10 ?