Charoen Pokphand Indonesia - Compressed Margin in 3Q24
3Q24 net profit was supported by resilient revenues and tax gains but was partly offset by losses in changes in fair value of biological assets.
322 Views
Charoen Pokphand Indonesia (CPIN IJ) - FY23 Results: Another Year with a Negative Ending
CPIN booked 4Q23 net losses of Rp357bn, surpassing 4Q22’s net losses of Rp257bn driven by a lower feed margin and poultry business losses.
292 Views
Poultry: FY25 Outlook: Expect Fundamentals Improvement to Drive Valuation Rerating (OVERWEIGHT)
We continue to forecast that integrators will report profit growth of 109%/10% for FY24/FY25F, supported by margin expansion.
201 Views
Poultry: Good Entry Points Amid Low Expectations on LB Prices
We continue to see that lower feed costs and a potential rebound in chicken prices in 4Q24 will support profitability in FY24.
196 Views
Poultry: Concern on Low Livebird Prices Is Overdone
We reaffirm our view that lower feed costs and a potential rebound in 4Q24 chicken prices will support profitability in 2H24.
283 Views