皇冠开户
热门标签

足球博彩平台(www.hg108.vip):Leong Hup shares remain unchanged amid price-fixing allegations

时间:2周前   阅读:14   评论:3

足球博彩平台www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩平台上登录线路最新、新2皇冠网址更新最快,足球博彩平台开放皇冠会员注册、皇冠代理开户等业务。

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:足球博彩app(www.hg108.vip):Economists lift Singapore inflation outlook, see more tightening

下一篇:全球最大的博彩平台(www.99cx.vip):Bursa records net foreign inflow of RM191.3mil

网友评论

  • 2022-08-17 00:43:04

    拜仁慕尼黑中锋莱万正式加盟巴塞罗那,在莱万的转会中,经纪人扎哈维起到了关键作用。德国媒体《图片报》的消息称,为了推动莱万转会,扎哈维甚至主动给前拜仁主席赫内斯打了电话,友好交谈。而之前因为阿拉巴的转会,赫内斯对扎哈维非常气愤,两人势同水火,当时赫内斯表示扎哈维是“贪婪的食人鱼”。啥时候完结