$SUNZEN-WC (0148WC.MY)$ I heard that the bird’s nest farming...
I heard that the bird’s nest farming industry is under pressure, with the price of the highest quality bird’s nests dropping from RM3300/kg in April to RM2400. This is reportedly due to crackdowns on smuggling by Chinese customs. Processing costs for bird’s nests have decreased by 25%. Assuming an export volume of 2600 kg over three months, Sunzen’s profits for June to September could theoretically increase by RM2 million. Additionally, the animal division has saved a million in losses, suggesting that Sunzen’s November performance could reach a record high.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
冷水16 OP : The accuracy of the above has yet to be verified. I would like people familiar with the bird's nest market to give their opinions. Thank you.