A Baker's Cottage outlet in Petaling Jaya. Following better poultry prices after the MCO, sales have normalised. Store expansion is ahead of schedule.
KUALA LUMPUR: AmInvestment Research believes Leong Hup International’s (LHI) performance will improve in 2HFY20 on the back of improving poultry prices and consumer demand.
In its research note issued on Tuesday, it forecast a 58% improvement in net profit in FY21F as better pandemic management continues to strengthen average selling prices (ASP) and demand.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
