Search result for: "poultry"

The broiler chicken and day old chicken (DOC) solid price are able to boost the performance issuers of the Poultry sector in the 1H18. Financial performance of the big three players in the.

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.

The were two rating action over the week; 1) Fitch rating upgraded Japfa Comfeed Indonesia, Tbk’s (JPFA IJ) to AA-(idn)/Stable from A+(idn)/Negative and 2) Gajah tunggal, Tbk (GJTL IJ) suffered another rating downgrade at Moodys’ with its rating slashed to B3 from B2 with negative outlook. Similar to S&P, the downgrade was caused mainly by.

We are keeping MAIN as our Top Pick in the poultry sector for the following reasons: i) the company’s above-industry growth prospects, ii) strong profitability, and iii) potential improvement in gearing. Maintain BUY and IDR4,000 TP, pegged to a 15.2x FY14 P/E. The counter is currently trading at a 12.1x FY14 P/E. Above-industry growth prospects.

While we are still cautious on Indonesia’s short-term equity market outlook owing to economic and political uncertainties, we are of the view that its long-term fundamentals are intact. We foresee 2014 GDP growth dipping to 5.4% while Bank Indonesia (BI) may have to raise the BI rate to 7.75-8.25%. As short-term macroeconomic fundamentals are weak,.

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.