PETALING JAYA: Rhone Ma Holdings Bhd’s move to expand its dairy business through joint venture (JV) vehicle, Jemaluang Dairy Valley (JDV), is only likely to contribute to its earnings in financial year 2026 or 2027 (FY26/27), according to Public Investment Bank (PublicInvest) Research.
The research house said the JV, which is setting up a 275ha dairy cattle farm project in Mersing, Johor, is likely to be loss-making during the gestation period.
The construction of this project is expected to complete by July 2024.
...