Analysts positive on LHI’s farm-to-plate model

Steady demand: According to RHB Research, TBC is expected to account for 30% to 40% of LHI’s broiler supply in Malaysia, once the store count is ramped up to 300 stores in 2023.

PETALING JAYA: Leong Hup International Bhd (LHI)’s downstream venture via The Baker’s Cottage (TBC) is expected to mitigate the price volatility of its poultry business.

According to RHB Research, TBC is expected to account for 30% to 40% of LHI’s broiler supply in Malaysia, once the store count is ramped up to 300 stores in 2023.