Yenher Holdings Berhad
Tue, 28-Nov-2023 09:35 am
by Kenneth Leong • Apex Research

Counter

YENHER (5300)

Target Price (RM)

-

Recommendation

Not Rated

• 3QFY23 core net profit fell 7.2% yoy to RM5.1m, dragged down by weaker contribution from the Malaysia operations segment.

• Focusing onto the poultry sector in expectations of the firmer market demand and supply, while the swine sector is expected to remain uncertain on approval from government in usage of ASF vaccine.

• Ceasing coverage on Yenher due to relocation of internal resources. Reclassifying our recommendation to Not Rated and our last target price was RM1.04.

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