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KUALA LUMPUR: Maybank Investment Bank Research has reduced its FY19-21E net profit for Leong Hup International Bhd (LHIB) by 20%-24% ahead of its 2Q19 results release and lowered its target price by 20% to RM1.08 after the profit warning.
PETALING JAYA: Chicken egg producer LTKM Bhd said managing director Datuk Tan Kok (pic) and his family have offered to take the company private.
Beijing: A poultry company from eastern China said its profit will soar as much as 2,693% thanks to higher prices of white-feathered chickens.
PETALING JAYA: Malayan Flour Mills Bhd’s (MFM) net profit is expected to recover in its current financial year after being hit by a string of issues the previous year.
PETALING JAYA: Malayan Flour Mills Bhd (MFM) is expected to be one of the largest integrated poultry players in Malaysia by 2020, upon the completion of its poultry processing plant in Lumut during the third quarter of 2019.
KUALA LUMPUR: The outlook for CCK Consolidated Bhd this year may be looking more rosy as the prices of eggs and broilers have risen while feedstock cost has dropped significantly over recent months.
GEORGE TOWN: CAB Cakaran Bhd expects to increase its stake in an integrated poultry joint venture with Indonesian conglomerate Salim Group to 30% from 10% now.
PETALING JAYA: Integrated poultry producer CAB Cakaran Corp Bhd registered a 15.9% increase in net profit to RM11.5mil for the second quarter ended March 31, 2018, on the back of strong revenue growth of 21.7% to RM424.9mil. For the quarter, earnings per share increased to 1.86 sen from 1.77 sen previously.
PETALING JAYA: Integrated poultry company DBE Gurney Resources Bhd has inked a joint venture agreement with Farmmesh Foods Co Ltd to set up a private limited company to operate a chain of Quick Service Restaurant (QSR) in Thailand.
GEORGE TOWN: CAB Cakaran Corp Bhd’s production of broiler meat and day-old chicks has an approximate value of RM700mil for the first half of the 2018 financial year ending March 31.