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.
89 Views
Japfa Comfeed Indonesia (JPFA.IJ) Robust Earnings Driven by Higher Revenues...
3Q25 net profit rose by a strong +111% qoq/ +91% yoy, bringing 9M25 NP to Rp2.4tr (+15% yoy), achieving 75%/76% of our/ consensus FY25F.
484 Views
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.
116 Views
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...
112 Views
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.
127 Views