Jason Wan's comment on LAYHONG. All Comments

cheng
Indeed higher feed cost at the back of lower eggs price is tough indeed. Decent performance still. Bought a little and joined as small shareholders. Continue to observe.
1 Like · 3 years · translate
Tan Tze Hong
welcome to the club Cheng!
Like · 3 years · translate
cheng
Thanks Tze Hong. Investing in layhong for the first time :) looking forward to learning from you and the rest.
1 Like · 3 years · translate
Tan Tze Hong
no Cheng, its me that should continue to learn from you
Like · 3 years · translate
cheng
Alright, Tze Hong. Let’s continue to share opinions on layhong from time to time and learn from each other. My plan is to hold it until next year Olympic. Until then, will continue to buy slowly. Hoping for lower price in coming weeks.
Show more
1 Like · 3 years · translate
eng hock ooi
bro cheng, I remember you like cck. can share why layhong now? I wan to learn also.
Like · 3 years · translate
cheng
Hi Eng Hock, yes it is. CCK is good and stable if you will. Layhong on the other hand showing signs of improvement from its financials. I didn’t like it in the past bcos it is less diligent in managing its financials. Now that it’s showing signs of improvement, I think it’s worth to give it a chance plus the fact that it’s attractive from pricing perspective. I have just started position at 0.30 and hope to add slowly at 0.27 and below if it is available. Else, will just wait for it’s next quarter to adjust the plan again. Just my opinions, could be wrong. Hope it helps.
Show more
4 Like · 3 years · translate
eng hock ooi
OK bro cheng. I buy some later. Your penergy up kao kao. Still can go?
2 Like · 3 years · translate
cheng
You are welcome, Eng Hock. Thanks. It’s a bit euphoric now and recovery in oil segment is choppy if you will. Good thing that vaccines progress is going really well. 3 from US reporting good phase 3 results. More positive results on the way. As for O&G, I do not plan to invest further in this segment as growing calls for renewable energy plus Biden/EU/developed countries pushing for it. It will not sunset soon but there are other opportunities in the near horizon. Just my opinions, could be wrong. Hope it helps. Have faith in your own plans.
Show more
2 Like · 3 years · translate
维光
bro cheng, why hold till next year Olympics?
3 Like · 3 years · translate
Tan Tze Hong
because of one of layhong's shareholder is a Japanese company.
1 Like · 3 years · translate
cheng
Hi Wk Yeoh, Tze Hong is right. NH Foods Ltd from Japan has slightly more than 20% holdings and their JV plant produces halal frozen food serving exports and local markets. Opportunity to tap into halal food demand before, during and after Olympics 2021. It’s just one of the few positive prospects for Layhong.
Show more
1 Like · 3 years · translate
维光
Thanks both sifu
1 Like · 3 years · translate
Miz Atom
I hope Mr. Yasuhito export the eggs to his country coz I heard Japan main foods is eggs. He also have experience in food's technology.
Like · 3 years · translate
cheng
Poultry stocks are now leading in terms of bearish view - price and production cost. It’s at the low cycle currently and hence, the lower share price for Layhong. On the flip side, imo - it’s attractive at this price and offers opportunity to start small position as the industry rides through its own low cycle. Looking forward to add slowly. Just my opinions, could be wrong. Hope it helps.
Show more
4 Like · 3 years · translate
Tan Tze Hong
hi Cheng, do you still have any holdings on Homeriz? would like to ask your opinion on it
Like · 2 years · translate
cheng
Hi Tze Hong, I don’t have at the moment and waiting for attractive price. It’s still a good company and I will not hesitate to initiate position when it reaches the target entry.
Like · 2 years · translate
Tan Tze Hong
may I know, what's your perfect entry price?
Like · 2 years · translate
cheng
lower end of fifties. I may missed the possible upside with such a plan but the rationale for that is to cushion the higher raw mat, labor cost , forex and current stops due to covid. On the flip side, cash on hands looking really good, in good position to continue distribute dividends and company continues to invest in automation over the years resulting in improving cost of sales. It’s just my preference to have higher mos and forgo the possible upside. Just my opinions, could be wrong. Hope it helps.
Show more
Like · 2 years · translate
Tan Tze Hong
hi Cheng, morning.. it's always my pleasure to hear your opinion. I notice that, the company do not have any borrowings for the moment as well.
Like · 2 years · translate
cheng
Hi Tze Hong, it is. They have been managing their financials really well. Net cash company with 90M cash based on the last qr.
1 Like · 2 years · translate
Noob Bao
hi Cheng, can I ask you opinion on this stock layhong and sebadk?
Like · 2 years · translate
cheng
Hi Noob Bao, I am not familiar with serbadk and unable to share my opinions. As for Layhong, the opinions remained the same as shared above. As it’s a consumer stock, it’s always safer to buy at lower price instead of paying premiums since the growth of consumer stocks tends to mirror gdp growth. Stable if you will since it’s staple food too. Layhong’s debt is something that should be watched closely. It’s also good to monitor the increased capex invested over the last 3 to 4 years which also coincides with the increased debt. Just my opinions, could be wrong. Hope it helps with your research.
Show more
4 Like · 2 years · translate
Noob Bao
hi Cheng, thanks for your kind sharing and giving me the view on layhong from another perspective. much appreciated.
Like · 2 years · translate
cheng
You are welcome, Noob Bao.
Like · 2 years · translate
Anthony Tan
Hi @cheng could you pls share what is your target entry price ?
Like · 2 years · translate
cheng
Hi Anthony Tan, low thirties or high twenties will be my own personal preference. Just my opinions, could be wrong. Hope it helps with your own research.
Like · 2 years · translate
Tan Tze Hong
hi cheng, do you still hold globetronics? would like to hear your opinion on it...
Like · 2 years · translate
cheng
Hi Tze Hong, I don’t have it now. there isn’t much growth over the past few years after the peak in 2017. And it’s more suitable for long term plans waiting for IoT segment to pickup worldwide which in turn will drive devices connected to internet up and it will benefit Globetronics perhaps then. Financial wise, it’s still a net cash company and hence, I do not see any problems for it continue with div payout. I did not read Q1FY2021 report as I don’t have plans to buy it yet unless it’s offering the price that I wanted or there is positive change in its fundamentals. Just my opinions, could be wrong. Hope it helps.
Show more
Like · 2 years · translate
Tan Tze Hong
noted Cheng!
Like · 2 years · translate