热门标签

环球ug开户:Leong Hup shares remain unchanged amid price-fixing allegations

时间:1个月前   阅读:8   评论:6

usdt官网www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

KUALA LUMPUR: Investors holding shares in Leong Hup International Bhd held their ground on Monday despite allegations that the group's feedmill business had participated in anti-competitive price-fixing practices with industry peers in raising the price of poultry feed between early 2020 and mid-2022.

As at 10.15am on Monday, shares in the poultry group were unchanged at 52 sen a share on the back of 364,400 shares traded, suggesting that investors could be adopting a wait-and-see approach over the ongoing developments.

It was announced on Bursa Malaysia last Friday that the unit in questions, Leong Hup Feedmill Malaysia Bhd, and four other feed millers were provisionally determined to have violated Section 4 of the Competition Act 2010 (Act 712).

Section 4(1) of the Act prohibits businesses from entering into a horizontal or vertical agreement, if it significantly lessens, prevents, or distorts competition in any market for goods or services.

Leong Hup said in the Bursa Malaysia filing that it strongly believes the allegation is without merit and intends to defend it vigorously.

"The company and LFM will review the matter with the external legal counsel and submit written representations within the specified period and make an oral representation before the MyCC," it said.

,

环球ug开户www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

According to MIDF Research the group contends that the cost hikes of feed millers are mainly due to Malaysian feed mills importing the same raw materials from overseas.

"This is due to oligopoly structure of feedmill, where businesses manufacture homogeneous products at a fixed marginal cost.

"Feed millers compete by establishing pricing such that when one increases, the others follow suit. Hence, the group emphasizes that just because all increase around the same time does not equate to price fixing," said the research house.

It added that in a worse-case scenario, the financial penalty would not exceed 10% of the group's feed mill revenue for the relevant period.

"We expect a worst-case financial penalty of between RM74.4m-RM744.4m premised on a financial penalty of between 1%-10% of LHIB's feed mill revenues from early 2020 to mid-2022.

"Note that LHIB only operates feed mill in Malaysia. The financial penalty could potentially drag LHIB’s FY22 revenue by 0.9 to 9% and net earnings by 63% to 633%," it said.

MIDF maintained "neutral" on Leong Hup with an unchanged target price of 47 sen given the findings are provisional and the proposed direction has not yet been decided.


转载说明:本文转载自Sunbet。

上一篇:皇冠足球网(www.hg108.vip)

下一篇:erc20转换trc20:Ringgit extends downtrend vs US$ on stronger US economic data

网友评论

  • 2022-08-26 00:40:17

    THE Penang Islamic Religious Department (JHEAIPP) has been instructed by the state government to investigate claims that a Muslim chicken rice trader in Sungai Ara has been selling food sourced from a non-Muslim eatery. 厉害厉害,膜拜你