AmInvest Research said Leong Hup International plans for its B2C business to ride on the volume game, mainly competing on affordability of its food products (like chicken rice and roast chicken).
KUALA LUMPUR: AmInvestment Research is retaining its Buy call on Leong Hup International (LHI) with a higher fair value of 88 sen a share after it recently acquired 100% of The Bakers Cottage Sdn Bhd (TBC).
It said on Tuesday its FV is based on a higher PE multiple of 17 times from 14 times as it believes the worst is over for poultry prices.
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