Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
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.
I see. But mamee maybe divest it becuz it is not its core products. Worst still, it took over during covid time. Maybe SDS bought over nt only for the roll cake, maybe is for the production line that can be used for its current products. Anyway, need to see the profit first, maybe 2nd half 2026.
London biscuit sold the 7 parcel of lands and products' IP to Mamee at 70million, year 2020. Mamee sold at a loss - RM28 million to SDS. Hopefully SDS has a good plan for the newly bought assets - e.g., expanding its wholesale chain to more popular convenient stores, such as 99smart and kkmart.
