Malindo Feedmill Indonesia - Feed Business Remains the Backbone of Earnings
Core net profits recorded 5-fold growth to Rp149bn in FY23, beating our forecast, supported by feed business margin expansion. We continue to...
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Malindo Feedmill Indonesia (MAIN.IJ ) - Expect Robust Feed Margin to Support FY24 Earnings
We raise our FY24/25F EBITDA and net profit by 16/3% and 43/11%, and our EV/EBITDA-based TP to Rp850 (from Rp550 prev.), and maintain our Buy...
424 Views
Malindo Feedmill Indonesia (MAIN.IJ) - Expect Robust Feed Margin to Support FY24 Earnings
We expect MAIN to deliver another strong earnings growth in FY24F on prospect of sustained strength of its feed business. We raise our FY24/25F...
354 Views
Malindo Feedmill Indonesia (MAIN IJ) - Positive earnings, turnaround from losses
MAIN booked core net profits of IDR 83 billion in 2Q23, wiping out most of its 1Q23 losses of IDR 86 billion (2Q22: IDR 23 billion core net...
453 Views
Poultry: Potential Re-Rating Intact from Strong FY24-25F Earnings Growth
Despite the potentially lower LB pricesin Suro month, we remain bullish given the expected higher margin from lower feed costs.
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