Leong Hup Industries’ 1QFY20 core net profit of RM21.8mil (-64% YoY; -46% QoQ) missed earnings expectations, coming in at around 13% of AmInvest Research and consensus’ full-year estimates.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Leong Hup International (LHI) with a lower fair value (FV) of 72 sen a share from 76 sen previously. It said on Wednesday its FV for LHI was based on 14 times FY21 EPS.
LHI’s 1QFY20 core net profit of RM21.8mil (-64% YoY; -46% QoQ) missed earnings expectations, coming in at around 13% of AmInvest Research and consensus’ full-year estimates.
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