Research & Stock Picks

Company Reports

14 November 2024

By

SSI Surveillance: Poultry Mid-Weekly (13 November 2024)

  • In 04 - 08 Oct 2024, avg. broiler price slightly ticked-up to ~IDR 20,939/kg (+1.8% WoW/+17.3% MoM/+14.7 YTD); Data on DOC reveals avg. price of IDR 7,000 (+0.0% WoW/+39.0% MoM/+0.0 YTD) thanks to recovery in broiler price, partly driven by seasonality, upcoming regional election and increasing chick-in demand for free-lunch program.
  • For raw materials, domestic corn prices remain flattish +0.3% WoW primarily due to milder La Nina forecast while SBM prices down -0.7% WoW, averaging USD 298/t, with YTD average of USD 341/t (YTD: -23.3%), on the back of softer demand and high crushing rates for soybean-derived products.
  • Looking ahead, we anticipate positive margins across all segment from poultry players in 4Q24. In the sector, JPFA and MAIN appear to have the most attractive valuations, particularly on performance support as we anticipate voluntary culling as well as favourable 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_13112024

Download PDF

Poultry Weekly_13112024

More Related

Morning Briefs

Jan 30, 2025

Technical Stock Analysis

Jan 30, 2025

Company Reports

Jan 24, 2025

tren positif rumah sakit

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

sektor media

Company Reports

Jan 24, 2025

penurunan penjualan semen

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Morning Briefs

Jan 24, 2025

Economic Reports

Jan 23, 2025

Morning Briefs

Jan 23, 2025

Economic Reports

Jan 22, 2025

Morning Briefs

Jan 22, 2025

Economic Reports

Jan 21, 2025

Company Reports

Jan 21, 2025

Economic Reports

Jan 20, 2025

Morning Briefs

Jan 20, 2025

Technical Stock Analysis

Jan 20, 2025

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