Singapore’s national dish at risk as Malaysia stops chicken...

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hunterliu

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02/06/22

08:09

Post #: 61768938
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Originally posted by hunterliu: ↑

Inghams is one of the largest poultry businesses in Australia

Credit Suisse also rates Inghams as a buy, with a price target of $4.05. That implies a potential rise of more than 40%.

Inghams has provided commentary that means the second half of FY22 could be weak, according to the broker.Indeed, in the ASX dividend share’s own words, it said that the second half has been “seriously impacted by the ongoing effects of the COVID-19 Omicron outbreak.” Costs remained elevated across the business, mainly driven by feed, supply chain and transport costs.While employee attendance levels have improved, COVID-19 continues to affect operations and role vacancies remain elevated due to labour shortages.However, the company has managed to achieve some price increases. The business is actively seeking price increases to offset the higher costs. Wholesale pricing has recently improved.It also reported that there has been a product mix shift, which has had a detrimental effect on the profit margin.That’s why Credit Suisse is expecting the Inghams grossed-up dividend yield to be 4.8% in FY22 and 9.6% in FY23.

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Singapore’s national dish at risk as Malaysia stops chicken exports
from AFR and other media today

now Singapore increase import frozen chicken
1 : ING have chance to export more
2: will booming up globe chicken price

ING Price at posting: $2.84 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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