Research & Stock Picks

Company Reports

04 December 2024

By

SSI Surveillance: Poultry Mid-Weekly (04 December 2024)

  • In 22 – 29 Nov 2024, avg. broiler price rose to ~IDR 20,928/kg (+0.9% WoW/+0.4% MoM/+11.7 YTD), while avg. DOC price declined -3.6% WoW to IDR 6,750. Broiler continued to benefit from higher consumption due to year-end seasonality, and DOC saw an uptick in demand from suppliers looking to benefit from the government's free-lunch program.
  • For raw materials, domestic corn prices increased slightly (+0.9% WoW), as did SBM prices (+0.9% WoW). SBM averaged at USD 294/t, with YTD average of USD 338/t (YTD: -24.4%), on the back of softer demand, high crushing rates for soybean-derived products, and larger-than-anticipated soybean harvests in northern US, which led to high stockpiles.
  • Looking ahead, we anticipate positive margins across all segments from poultry players in 4Q24. In the sector, JPFA and MAIN appear to have the most attractive valuations, particularly on performance support as we expect voluntary culling and favorable government policies, including the free lunch program, June-24 reduced price relaxation, and 2024 lower GPS import quotas onwards.

Share This:

Download PDF

Download PDF

Poultry Weekly_04122024

Download PDF

Poultry Weekly_04122024

More Related

Technical Stock Analysis

Jan 17, 2025

Morning Briefs

Jan 17, 2025

Economic Reports

Jan 16, 2025

Technical Stock Analysis

Jan 16, 2025

Morning Briefs

Jan 16, 2025

Economic Reports

Jan 15, 2025

Economic Reports

Jan 15, 2025

Company Reports

Jan 15, 2025

Company Reports

Jan 15, 2025

Technical Stock Analysis

Jan 15, 2025

Economic Reports

Jan 15, 2025

Morning Briefs

Jan 14, 2025

Technical Stock Analysis

Jan 14, 2025

Economic Reports

Jan 13, 2025

Company Reports

Jan 13, 2025

Economic Reports

Jan 13, 2025

Morning Briefs

Jan 13, 2025

Technical Stock Analysis

Jan 13, 2025

Technical Stock Analysis

Jan 10, 2025

Morning Briefs

Jan 10, 2025

Economic Reports

Jan 10, 2025

Company Reports

Jan 9, 2025

Technical Stock Analysis

Jan 9, 2025

Economic Reports

Jan 8, 2025

Morning Briefs

Jan 8, 2025

Technical Stock Analysis

Jan 8, 2025

Economic Reports

Jan 7, 2025

Company Reports

Jan 7, 2025

Technical Stock Analysis

Jan 7, 2025

Morning Briefs

Jan 7, 2025

Economic Reports

Jan 7, 2025

Morning Briefs

Jan 6, 2025

Technical Stock Analysis

Jan 6, 2025

Morning Briefs

Jan 3, 2025

Technical Stock Analysis

Jan 3, 2025

Morning Briefs

Jan 2, 2025

Technical Stock Analysis

Jan 2, 2025

Morning Briefs

Dec 30, 2024

Morning Briefs

Dec 27, 2024

Technical Stock Analysis

Dec 27, 2024

Company Reports

Dec 24, 2024

laba bank bmri

Company Reports

Dec 24, 2024

laba bni

Company Reports

Dec 24, 2024

Morning Briefs

Dec 24, 2024

Technical Stock Analysis

Dec 24, 2024

Morning Briefs

Dec 23, 2024

Technical Stock Analysis

Dec 23, 2024

Economic Reports

Dec 22, 2024

peluang aces ditengah gejolak ekonomi

Company Reports

Dec 20, 2024

Company Reports

Dec 20, 2024

penurunan nikel

Company Reports

Dec 20, 2024

Technical Stock Analysis

Dec 20, 2024

Morning Briefs

Dec 20, 2024

Economic Reports

Dec 20, 2024

Economic Reports

Dec 19, 2024

Morning Briefs

Dec 19, 2024

Technical Stock Analysis

Dec 19, 2024

Economic Reports

Dec 19, 2024