Since end-June 2019, prices of eggs in Malaysia have risen by 7% while that of broiler chicken and day-old-chicks (DOCs) have increased by 12% and 22% respectively.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Leong Hup International with an unchanged FV of RM1.17 a share based on a price-to-earnings ratio (PER) of 18 times over FY20F EPS.
According to statistics published by the Department of Veterinary Services, since end-June 2019, prices of eggs in Malaysia have risen by 7% while that of broiler chicken and day-old-chicks (DOCs) have increased by 12% and 22% respectively.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
