Poultry: Positive 3Q26 Earnings Momentum to Support Re-Rating...
We expect the recovery in LB and DOC prices to override the impact of rising feed costs, resulting in a higher margin for the integrators.
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Charoen Pokphand Indonesia (CPIN.IJ) Strong Rebound Supported by Broad-Based Margin Recovery
3Q25 net profit surged to Rp1.46tr, bringing 9M25 earnings to Rp3.4tr (+41% yoy), achieving 80% of our FY25F and 84% of consensus, i.e. above.
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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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