Leong Hup has something to crow about


Rising price: For broiler chicken, AmResearch expects a 27% rise in ASP to RM3.90 per kg, while for day-old-chicks an ASP increase of 15% to RM1.36. — AFP

PETALING JAYA: The average selling prices (ASP) of poultry would face some volatility with the ongoing conditional movement control order (CMCO). Prices of raw material have also been steadily rising and this could limit the earnings of Leong Hup International Bhd (LHI).

Despite that, a better second half of FY2020 is seen for the poultry group as on the whole, poultry products’ ASP have gone up since the reopening of the economy after the first MCO.

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Leong Hup , TBC sales , poultry ,

   

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