Maybank Investment Bank Research (Maybank IB) said strong earnings are expected to persist for Leong Hup in sequential quarters.
PETALING JAYA: Leong Hup International Bhd
’s earnings are expected to remain steady, as average selling prices (ASP) for poultry are anticipated to be sustained during the current movement control order (MCO 3.0).
AmInvestment Bank Research in a report yesterday noted that the widespread adoption of takeaway and delivery-based consumption is likely to sustain hotel, restaurant and cafe demand, similar to MCO 2.0 in January.
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