MONEY MASTER

Poultry producer  CAB Cakaran Corp Bhd (KL:CAB)  expects to book its  first earnings from Indonesia as early as next year , as its long-awaited joint venture with Indonesia’s  Salim Group  finally gains momentum. Managing director  Chris Chuah  said the venture — delayed for nearly a decade due to Covid-19 disruptions and political changes — is now on track, with plans to  convert one of Salim’s existing factories  to process  halal poultry products . “Without having to build a new facility, production could start within months,” Chuah told  The Edge . “We also don’t have a demand issue — Salim Group will handle that.” Fast Start, Low Capex Under the first phase of the five-year plan, the partners will invest  US$10 million (RM45 million) , with operations slated to begin by  2Q 2026 . Salim Group — Indonesia’s largest conglomerate and owner of  Indomaret’s 23,000-store network  — will hold  70% , while CAB ...

CAB Cakaran Corp Bhd (KL:CAB)  is accelerating its retail and food business strategy with an ambitious plan to  quadruple its retail network  across Malaysia over the next five years, backed by a  RM100 million investment . The move comes as the poultry and integrated food group deepens its footprint across the value chain — from feed production to consumer retail — a strategic step to strengthen its market position and margin control. Retail Expansion: 25 to 100 Stores Nationwide Group managing director  Chris Chuah  told  The Edge  that CAB aims to expand its  Pasaraya Jaya Gading  and  Home Mart Fresh & Frozen  supermarket chains to  100 outlets , up from the current 25, across its existing markets in  Penang, Kelantan, Kedah, Perak, and Pahang . “Our strategy is to build a nationwide retail network as one of the main distribution channels for the group’s products,” said Chuah. In tandem, the group is also scal...