Author Topic: HOT LEONG HUP IPO >> TP RM 1.88  (Read 353 times)

Online DR KIM

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HOT LEONG HUP IPO >> TP RM 1.88
« on: May 15, 2019, 03:53:55 PM »
 :clap: :clap: :cash: :cash:

“The joint global coordinators and joint bookrunners have confirmed that the 839.50 million IPO shares offered to Malaysian and foreign institutional and selected investors,  have been heavily oversubscribed by Malaysian and foreign investors,'' Tricor said.

EARLY  BIRDS   >>  SOLID  HOT SPICY  FAT  WORMS  WAITINGG ;) :clap: 8)

Online DR KIM

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LHI 6633 LEONG HUP IPO TODAY >> TP RM 1.88
« Reply #1 on: May 16, 2019, 08:18:29 AM »
 :clap: :clap: :clap: :thumbsup:
:cocktail: :party: :dancing: :beer:

dow jone  further  STEAMINGGGG  115 +  :clap: :clap: :clap: :thumbsup: :cash:

market getting further  HOT  ;) :clap: :clap:

PERFECT  TIMINGG  for LHI 6633 :thumbsup:  LISTING


Online DR KIM

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Re: LHI 6633 LEONG HUP IPO TODAY >> TP RM 1.88
« Reply #2 on: May 16, 2019, 08:23:07 AM »
:clap: :clap: :clap: :thumbsup:
:cocktail: :party: :dancing: :beer:

dow jone  further  STEAMINGGGG  115 +  :clap: :clap: :clap: :thumbsup: :cash:

market getting further  HOT  ;) :clap: :clap:

PERFECT  TIMINGG  for LHI 6633 :thumbsup:  LISTING

:clap: :clap: :clap: :thumbsup:

Poultry producer Leong Hup International Bhd has posted a jump in its first-quarter earnings ahead of its return to Bursa Malaysia on Thursday.

Its three-month to end March net profit rose 15% to RM60.58mil compared with the RM52.68mil made a year ago, on higher sales volume and an increase in the selling price of eggs in Malaysia and broiler chicks in Indonesia.

Revenue rose almost 11.2% to RM1.51bil from RM1.35bil previously, the company said in a filing yesterday.

Executive director and group chief executive officer Tan Sri Lau Tuang Nguang said the encouraging first-quarter financial year 2019 (FY19) financial performance was reflected in the strength of Leong Hup’s geographical diversification as a fully integrated poultry operator.

“With a number of expansion plans in the pipeline, we are optimistic that the Leong Hup group would be able to achieve better results for FY19,” he said in a statement yesterday.

Leong Hup owns livestock feed mills and poultry businesses in five countries in the region. It is one of the major suppliers of broiler chicken in Malaysia with an estimated 10% market share.

The company said that Indonesia was its largest geographical segment, contributing 37.4% or RM563.41mil to the group’s total revenue in the first quarter.

The Malaysian operations came in second, contributing RM442.24mil or 29.4% of total revenue.

Meanwhile, Vietnam contributed 19.5% or RM293.24mil, Singapore 12.8% or RM193.33mil, and the Philippines, 0.9% or RM14.14mil to the group’s total revenue in the first quarter.

Online DR KIM

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TODAY 6633 LHI >> LEONG HUP IPO >> TP RM 1.88
« Reply #3 on: May 16, 2019, 08:53:13 AM »
COMINGGGGGGGGGG

 :clap: :clap: :thumbsup: :cash: :cash: :cash:

 :dancing: :party: :cocktail: :beer: :cocktail: :party: :dancing:

Offline ikan besar

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  • nia........mah.....when only the mkt going up
Re: TODAY 6633 LHI >> LEONG HUP IPO >> TP RM 1.88
« Reply #4 on: May 16, 2019, 11:29:17 AM »
mana ada sure ang pau......perrrggggghhhhhhhhhhhhhhhhhhhh hhhhh
I heard dr kimmy lost alot of monies

Online BullDog

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Re: HOT LEONG HUP IPO >> TP RM 1.88
« Reply #5 on: May 16, 2019, 01:06:20 PM »
Qbuy@90 :handshake: :handshake: :handshake: :handshake:
TDM is my middle name
Century is my last name
OKA is my first name
ALS reit is my long term investments (holding since 1995/1996 conversion from Dana Johor)
Petronm is my mid term investments

Online king

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Re: HOT LEONG HUP IPO >> TP RM 1.88
« Reply #6 on: February 20, 2020, 03:31:59 PM »


AmInvest Research retains Buy on Leong Hup, FV RM1.02
ANALYST REPORTS
Wednesday, 19 Feb 2020

8:50 AM MYT

LHI’s FY19 revenue increased 5% YoY but EBITDA was flattish at RM650.5mil. EBITDA margin slipped 0.6ppts to 10.7% mainly due to depressed selling prices of several products in Indonesia, Vietnam, Singapore and Malaysia.

KUALA LUMPUR: AmInvestment Research is maintaining its Buy recommendation on Leong Hup International (LHI) with a lower fair value of RM1.02 a share versus RM1.04 previously.

It said on Wednesday its valuation was pegged to a P/E of 18 times FY20F EPS.

“LHI’s FY19 core net profit of RM167.2mil (after excluding impairment loss on receivables of RM16.6mil) was in line with our and consensus’ earnings estimates, accounting for 97.1% and 96.6% of full-year forecasts respectively, ” it said in a research note.

However, AmInvest Research trimmed its earnings forecast for FY20F and FY21F by 2.4% and 3.4% as it expects soft selling prices to persist in the near term.

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“We introduce our FY22F earnings forecast of RM243.8mil, ” it said.

LHI’s FY19 revenue increased 5% YoY but EBITDA was flattish at RM650.5mil. EBITDA margin slipped 0.6ppts to 10.7% mainly due to depressed selling prices of several products in Indonesia, Vietnam, Singapore and Malaysia.

The livestock and poultry-related product segment’s 4QFY19 revenue fell 3.7% YoY. This was on the back of lower selling prices for Malaysia’s DOC, eggs and broiler chicken.

Indonesia’s selling price and sales volume for DOC declined as well. This was partially offset by its higher broiler chicken’s selling price and sales volume. Singapore’s processed food suffered a lower selling price.

AmInvest Research said revenue contribution from Leong Hup’s poultry operation in Vietnam improved (+16% YoY to RM374mil) on the back of higher selling prices and sales volume of broiler chicken due to the robust demand of chicken meat.

“We believe this was due to the swine fever in Vietnam, which resulted in consumers substituting pork meat with chicken meat, ” it said.

Feedmill segment’s 4QFY19 revenue rose 1.7% YoY primarily due to increase in sales volume of livestock feed in Vietnam.

LHI’s EBITDA in 4QFY19 slid 15% to RM146.3mil. EBITDA margin dropped 2ppts to 9.5% largely dragged by its Singapore and Indonesia operations.

LHI’s FY19 revenue of the livestock division dipped 2% YoY to RM3.4bil. This was mainly due to the disposal of a subsidiary in its Singapore operations.

The drop in revenue from Singapore (-17% YoY to RM779.1mil) was offset by higher revenues in Indonesia and Vietnam.

Indonesia recorded increased sales volume of DOC and broiler chicken. While Vietnam enjoyed higher selling price and sales volume of its broiler chickens, these were offset by lower selling price and sales volume of eggs.


TAGS / KEYWORDS:
Leong Hup International , Earnings , Chicks , AmInvest Research