Leong Hup

Leong Hup

Postby winston » Tue Jun 25, 2019 9:36 am

A Pure Poultry Play

An integrated poultry player with regional presence

Leong Hup provides exposure to one of the largest and most regionally diversified poultry producers in ASEAN, with a presence in Malaysia, Singapore, Indonesia, Vietnam and the Philippines.

Its 2017 market share of annual feedmill production was 10.5% in Malaysia, 5.5% in Indonesia
and 4.0% in Vietnam.

As for livestock production, Leong Hup is the largest poultry producer in Malaysia.

It also ranks among the top three poultry producers in Indonesia and Vietnam while in Singapore, it commands the largest market share of slaughtered poultry.

We initiate coverage with a BUY and a TP of MYR1.37.

Source: Maybank

https://factsetpdf.maybank-ke.com/PDF/1 ... 6b12fd.pdf
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winston
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Re: Leong Hup

Postby winston » Fri Sep 20, 2019 2:52 pm

not vested

HLIB Research starts coverage on Leong Hup Intl, target price RM1.10

KUALA LUMPUR (Sept 20): Hong Leong IB Research has initiated coverage on Leong Hup International Bhd (LHI) with a “Buy” rating at 80.5 sen and target price of RM1.10 and said LHI is one of the largest fully integrated producers of poultry, eggs and livestock feeds in Southeast Asia (SEA) region.

In a note today, the research house said having reflected the weak livestock prices in 2Q19, it projects core net profit to decline by 11.6% to RM194.2 million in FY19.

“We forecast FY20-21 core net profit to increase by 15.1-15.2% to RM233.5 million and RM257.5 million, underpinned by higher livestock and feedmill sales volume (arising from capacity expansion).

“We initiate coverage on LHI with a Buy rating and TP of RM1.10 based on 18x FY20 EPS of 6.1 sen,” it said.

Source: The Edge

https://www.theedgemarkets.com/article/ ... rice-rm110
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Re: Leong Hup

Postby winston » Fri Sep 20, 2019 3:12 pm

not vested

Aug 30, 2019

Leong Hup International (LHIB MK)

Share Price: MYR0.76
Target Price: MYR1.08
Recommendation: Buy

Looking to 2H19

LHIB’s 2Q19 results met our expectations.

We expect 2H to improve on production volume growth and rebound in poultry ASPs, especially in Malaysia.

No change to our net profit estimates.

Maintain BUY with an unchanged TP of MYR1.08 pegged to the regional peer average FY20 PER of 17x.

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/1 ... 06d804.pdf
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Re: Leong Hup

Postby winston » Wed Oct 02, 2019 7:46 am

not vested

Leong Hup perks up after Credit Suisse rates it outperform

Leong Hup International Bhd's corporate office. Credit Suisse initiated coverage with an outperform call and a target price of RM1.

KUALA LUMPUR: Poultry company Leong Hup International Bhd saw its shares climb to a high of 87 sen on Tuesday after Credit Suisse initiated coverage with an outperform call and a target price of RM1.

At the current price, it is trading at a forward price-to-earnings of 15.36 times.

Since it was listed on May 16, the share price of the integrated producers of poultry, egg and livestock feed had come under pressure and fell below its offer price of RM1.10.

A weaker set of earnings in the second quarter pushed the share price to a low of about 70 sen at end-August.

It had cautioned investors about the weak earnings following the fall in broiler day-old-chicks (DOC) prices but it expected the third quarter to show an improvement.

It reported a 75.5% fall in net profit to RM16.08mil in the second quarter ended June 30,2019. Its revenue however rose by 3.8% to RM1.48bil from RM1.42bil a year ago.

RHB Research, Hong Leong Investment Research, TA Securities Research, AmInvestment Research and Maybank Investment Bank Research all have buy calls on Leong Hup International with prices ranging from RM1.08 to RM1.36.

Source: The Star

https://www.thestar.com.my/business/bus ... dTu1sG1.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Leong Hup

Postby winston » Wed Oct 02, 2019 7:46 am

not vested

Leong Hup perks up after Credit Suisse rates it outperform

Leong Hup International Bhd's corporate office. Credit Suisse initiated coverage with an outperform call and a target price of RM1.

KUALA LUMPUR: Poultry company Leong Hup International Bhd saw its shares climb to a high of 87 sen on Tuesday after Credit Suisse initiated coverage with an outperform call and a target price of RM1.

At the current price, it is trading at a forward price-to-earnings of 15.36 times.

Since it was listed on May 16, the share price of the integrated producers of poultry, egg and livestock feed had come under pressure and fell below its offer price of RM1.10.

A weaker set of earnings in the second quarter pushed the share price to a low of about 70 sen at end-August.

It had cautioned investors about the weak earnings following the fall in broiler day-old-chicks (DOC) prices but it expected the third quarter to show an improvement.

It reported a 75.5% fall in net profit to RM16.08mil in the second quarter ended June 30,2019. Its revenue however rose by 3.8% to RM1.48bil from RM1.42bil a year ago.

RHB Research, Hong Leong Investment Research, TA Securities Research, AmInvestment Research and Maybank Investment Bank Research all have buy calls on Leong Hup International with prices ranging from RM1.08 to RM1.36.

Source: The Star

https://www.thestar.com.my/business/bus ... dTu1sG1.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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