“Leong Hup’s long-term outlook is positive due to the stable demand for poultry and strong earnings growth underpinned by expansions of the feedmill and livestock businesses in Malaysia, Vietnam and the Philippines, ” AmInvestment Bank Research said.
KUALA LUMPUR: AmInvestment Bank Research is maintaining its Buy call on Leong Hup International (LHI) with a higher FV of 92 sen versus 89 sen a share previously as it is positive on the company's proposed purchase of a feedmill factory in Vietnam.
“We have raised our FY20F, FY21F and FY22F earnings forecasts by 1%, 4% and 4% respectively, ” it said on Tuesday.
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