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Thursday, August 16, 2018

Layhong 1Q19 profit to be up by 7% to RM12mil


Author: HerbertChua | Publish date: Thu, 16 Aug 2018, 08:54 AM

Herbert have convinced large private investors to sialang Layhong shares.

Over the past week, I took a tour with these private investors to Tuaran to view Layhong's farm. It is operating as usual with no birds culled. We interviewed retailers in that area and most of them are only fearful of live chickens. They have strong believe in the Nutriplus brand.

For chicken nuggets and processed foods, Layhong's plant in Johor was completed. It will scheduled to run production in September 2019.

For 2Q19, profit is expected to be in the range of RM15 - RM20mil per month, depending on potential increase further from exports to Japan.

I will sialang Layhong shares and will not hesitate to become a substantial shareholder to serve a check and balance to the board so they will not do anything that will harm minority shareholders.

Thank you,

Chua

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