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Qian Hu eyes fish TCM and lobster farming businesses

PC Lee
PC Lee10/3/2018 09:12 AM GMT+08  • 2 min read
Qian Hu eyes fish TCM and lobster farming businesses
SINGAPORE (Oct 3): With Qian Hu’s hobby fish business providing steady cashflow that should enable it to ramp up its aquaculture business, the company make a comeback in terms of profitability in FY19, says RHB Research.
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SINGAPORE (Oct 3): With Qian Hu’s hobby fish business providing steady cashflow that should enable it to ramp up its aquaculture business, the company make a comeback in terms of profitability in FY19, says RHB Research.

However, management will need about six to nine months to conduct more research and development, and improve the survival rates of its grouper fry, says lead analyst Jarick Seet in the unrated report on Wednesday.

In 2017, Qian Hu entered into a JV with partner Zhang Mei Yu to develop herb-based medication to improve the survival rate of the fishes. Qian Hu holds a 51% stake in the JV, and management has not ruled out the possibility of owning it entirely in the near future.

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