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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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CAB Cakaran to Acquire Cargill Malaysia’s Animal Feed Unit for RM231M to Strengthen Poultry Operations

CAB Cakaran Corp Bhd (KL:CAB) will acquire Cargill Feed Sdn Bhd (CFSB) for RM231 million in cash to secure a cost-effective and reliable supply of animal feed for its more than 100 broiler and breeder farms across Peninsular Malaysia.

Deal Structure:

  • Purchase Price: RM231M (RM23.1M internal funds + RM207.9M bank loans)

  • Seller: Cargill Holdings (Malaysia) Sdn Bhd

  • Target: 100% stake in CFSB + 51%-owned subsidiary Desa Cargill Sdn Bhd

  • Completion: Expected Q4 2025

Strategic Rationale:

  • Internalising Feed Manufacturing: To ensure consistent quality, reduce dependency on external suppliers, and manage raw material price volatility.

  • Capacity: CFSB produces up to 400,000 tonnes annually from plants in Westports, Butterworth, Melaka, and Sabah.

  • Financial Impact: Pro forma EPS expected to rise from 10.76 sen to 12.98 sen.

Financial Snapshot of CFSB (FY ended May 31, 2025):

  • Revenue: RM390.96M

  • PBT: RM22.75M

  • Profit Margin: 21.05% (boosted by lower ingredient costs and debt recovery)

Valuation:

  • Enterprise Value: RM140M + RM91M net cash

  • EV/EBITDA Multiple: 4.93x (vs. industry avg. 8.43x)

Market Reaction:

  • CAB shares rose 1.48% to 68.5 sen, valuing the company at RM480.8M. The counter is up 26% YTD.

Takeaway:

The acquisition positions CAB Cakaran to secure its feed supply chain, enhance profitability, and support long-term poultry production growth. It also aligns with the group’s strategy to vertically integrate and improve operational efficiency amid rising input costs in the poultry sector.

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