Poultry: Feed Costs in 2H26 Pressure Priced In, Live Bird Prices Bottoming Out (OVERWEIGHT)
Higher local corn prices will be partly offset by the usage of feed wheat, which we estimate could reach 3.9% of feed formulations.
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Poultry: Danantara's Poultry Ambitions Still in Early Stages; Near-Term Fundamentals Remain Intact
PoultryDanantara's Poultry Ambitions Still in Early Stages; Near-Term Fundamentals Remain Intact. The GPS quota initial target of 800k might not be...
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Poultry: Potentially Higher Feed and Poultry Prices from Govt. ...
Govt’s plan to shift SBM imports to SOE could negatively impact FY26F EBITDA by an estimated 1.1-3.8% if SBM costs rise by 7% from Apr26.
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Poultry: FY26 Outlook: A Prime Time to Harvest (OVERWEIGHT)
After FY25F’s high base, we expect moderate earnings growth for FY26F due to conservative chicken price assumptions and elevated feed costs.
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Macro Strategy: 2026: Navigating the Rate and Yield Transition
We expect 2026 INDOGB yields at 5.62%–6.14% (5.9% yr-end baseline), supported by expected rate cuts, stable IDR and foreign ownership.
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