PETALING JAYA: Maybank Investment Bank Research (Maybank IB) has revised its earnings revision upwards for Leong Hup International Bhd (LHIB), amid better price stability for poultry average selling prices (ASPs).
“Against our previous expectations of prolonged weak prices amidst slower business activity post-movement control order (MCO), we are more assured in price stability in the near term as higher poultry ASPs in LHIB’s respective countries of operations have sustained throughout the second quarter of 2020.
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