Leong Hup Shares Down 13% on Weak Poultry Prices
Leong Hup Shares Down 13% on Weak Poultry Prices
For the year ended Dec 31, 2023 (FY23), it posted a net profit of RM301.7 million, up 38% from the year before, on RM9.5 billion in turnover which was 5.5% higher than FY22.LEONG Hup International Bhd stock price slid 12.6% to 62.5 sen with close to 25 million shares exchanging hands at 12.30pm, after posting a lower fourth-quarter net profit of RM81.6 million.
LEONG Hup International Bhd股價下跌12.6％，至62.5仙，在中午12點30分交易了近2500萬股股票，此前該公司公佈了較低的第四季度淨利潤爲8,160萬令吉。
The integrated poultry and egg producer hit an intraday low of 61.5 sen. Earlier this week, on Feb 26, the counter hit 72.5 sen, a 52-week high.
綜合家禽和蛋類生產商盤中觸及61.5仙的低點。本週早些時候，即2月26日，該指數觸及72.5仙，創下52周高點。
In an exchange filing yesterday, Leong Hup said its revenue for the fourth quarter ended Dec 31, 2023 (4Q23) was up by 3.9% to RM2.4 billion mainly due to average selling price and sales volume of broiler chickens and higher sales volume of day-old-chicks (DOC) in Indonesia and higher sales volume of dressed chickens in the Philippines.
在昨天的一份交易所文件中，Leong Hup表示，其截至2023年12月31日的第四季度（4Q23）的收入增長了3.9％，達到24億令吉，這主要是由於肉雞的平均銷售價格和銷售量，以及印度尼西亞日產小雞（DOC）銷量的增加以及菲律賓去皮雞的銷量增加。
For the year ended Dec 31, 2023 (FY23), it posted a net profit of RM301.7 million, up 38% from the year before, on RM9.5 billion in turnover which was 5.5% higher than FY22.
截至2023年12月31日的財年（23財年），該公司公佈的淨利潤爲3.017億令吉，比上年增長38％，營業額爲95億令吉，比22財年增長5.5％。
It said the strong regional economies provide a good backdrop for higher consumption of its products as the group continues to grow.
該公司表示，隨着該集團的持續增長，強勁的地區經濟爲其產品消費的增加提供了良好的背景。
"The easing of feed input costs, particularly corn and soybean meal, provides relief to the industry but the strong US dollar mitigates savings pass through to customers. Barring unforeseen circumstances, the group expects to achieve a satisfactory performance for financial year 2024," said Leong Hup.
“飼料投入成本，尤其是玉米和大豆粉的放鬆，爲該行業提供了緩解，但堅挺的美元減少了向客戶轉移的儲蓄。除非出現不可預見的情況，否則該集團預計將在2024財年取得令人滿意的業績。” 梁學說。
In a report released today, Hong Leong Investment Bank Bhd Bhd (HLIB Research) has maintained a 'Hold' call for Leong Hup's counter, with an unchanged 52-week target price (TP) of 74 sen based on 12.5 times FY24 core earnings per share (EPS) of six sen.
在今天發佈的一份報告中，豐隆投資銀行有限公司（HLIB Research）維持對梁合櫃台的 “持有” 期權，根據24財年核心每股收益（EPS）的12.5倍6仙，52周目標價格（TP）保持不變，爲74仙。
"While easing of feed input costs (particularly, corn and soybean meal) is positive for poultry players (including Leong Hup), this is insufficient to mitigate the strong US dollar and weak poultry prices in major operating countries," said HLIB Research.
HLIB Research表示：“儘管飼料投入成本（尤其是玉米和大豆粉）的寬鬆對家禽生產商（包括Leong Hup）有利，但這不足以緩解主要運營國的美元堅挺和家禽價格疲軟。”
譯文內容由第三人軟體翻譯。
