Hai-O share price flying high

Tan says social media has impacted Hai-O

PETALING JAYA: Unnoticed by many, the share price of wellness and multi-level marketing (MLM) company Hai-O Enterprise Bhd has continued to rise, fuelled by a growing distributor base and strong demand for its food and beverage as well as fashion and beauty products.

While seen predominantly as a defensive stock because of its high dividend yield, Hai-O’s share price has behaved more like a high-beta or volatile stock.