KUALA LUMPUR: Maybank Investment Bank Research has upgraded Leong Hup Industries Industries Bhd (LHIB) to Hold with a revised target price (TP) of 96 sen, an increase of 40 sen from its previous TP of 56 sen.
It said on Tuesday poultry average selling prices (ASPs) have rebounded sharply since mid-May 2020 on the back of reduced industry supply during the Movement Control Order (MCO).
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