Comeback sunny side up


Largest poulty player: An analyst says the 16 times valuation for Leong Hup is reasonable and quite fair.

AMONG the biggest and most awaited initial public offerings (IPOs) this year, Leong Hup International Bhd is likely to be valued at around 16 times its forward earnings – significantly lower than the figure initially rumoured, according to sources.

Back in February 2017, when news that the company planned to make a comeback to Bursa Malaysia surfaced, there were reports that the company was looking to enter the market at close to 30 times forward earnings.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit eases slightly against greenback on caution amid renewed US-EU tariff tension
Maybank launches ROAR30 strategy plan, targets 13-14% ROE by 2030
Mitrajaya accepts RM42.81mil fourth variation order for data centre project
PJBumi acquires drilling rigs for RM162mil
Manforce secures Bursa approval for ACE Market IPO
Ancom Nylex reports higher 2Q net profit
One Gasmaster IPO oversubscribed 25.24 times ahead of ACE Market debut
Broad-based selling drags FBM KLCI below 1,700 for third straight day
Dollar extends losses as geopolitics revive 'Sell America' trade
Oil prices waver while investors eye Greenland developments

Others Also Read