bullish

Poultry: Good Entry Points Amid Low Expectations on LB Prices

193 Views08 Oct 2024 20:43
Broker
We continue to see that lower feed costs and a potential rebound in chicken prices in 4Q24 will support profitability in FY24.
What is covered in the Full Insight:
  • Equity Research – Sector Update
  • YTD Share Price Performance
  • Sector EV/EBITDA Band Chart
  • Maintain Overweight with CPIN as Top Pick
  • Negative LB Margin in 3Q24 but Offset by Lower Feed Costs
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