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12/9 privatising scipack using 150mil. Guess coming quarter scientx will hav not enuf cash for dividend? This indicates scientx sees its packaging segment worth at a p/e of 20. If so, back calculation gets property segment at a p/e of 8-9
Cck can raise egg n chicken price if public buying power increases. Malaysia minimum wage incresse is good for cck. For muslim countries like malaysia and indonesia, chicken is the cheapest and popular meat. Fish is pricier, lamb and beef are the most expensive. If economy is bad, ppl will opt for cheaper alternative.
I think it is not bad. Considering they divested 30% of adilmart, the profit (to common shareholder) would definitely drop but it hold up quite good. The ‘other income’ is less substantial (less government subsidy). When subsidy is removed, it also means price control is removed, good and bad. Moving forward, just hope that malaysia side retail and poultry do not drop further. Indonesia side continues double digit growth.
