KUALA LUMPUR: RHB research believes the selldown in Leong Hup International Bhd's shares could have been overdone as it is now trading at a steep 35% discount to the regional average.
"As we believe the market had priced in the moderate 2Q19 results, hence the depressed share price, it ignored the high possibility of a turnaround in 3Q19 that should stem from the recovery in product prices, particularly in Malaysia," it said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!