Search result for: "day old chicken"

Despite a weakened IDR and DOC price capping headwinds, Malindo deserves attention at this juncture. This is due to: 1. Its attractive valuation – it is currently trading at 10-9x FY16F-17F P/E, close to -2SD from its 5 years mean of 15x; 2. 4Q16 to be another strong quarter – average broiler and DOC prices.

Company Profile Malindo Feedmill (MAIN) is a poultry company that mainly produces chicken feed, day-old chicks and chicken meat. The company was established in 1997. The Lau Family, who controls Malaysia’s largest poultry player Leong Hup Group, became MAIN’s major shareholder in 2000. The Leong Hup Group includes Leong Hup Holdings and Emivest (EMIV MK;.

Massive growth seen As Indonesia still lags in terms of per capita consumption of protein, provides huge opportunities in the poultry industry given that chicken meat is one of the cheapest sources of animal protein, as well as its low per capita consumption. In tandem with increasing standards of living, broiler consumption per capita also.