RHB Research keeps buy call on Leong Hup, ups target price

RHB Research continues to like the stock as it believes the continuous capacity expansion – even during the pandemic – will place LHIB in a more dominant position than before to capture the robust poultry consumption in Asean.

KUALA LUMPUR: RHB Research is retaining its buy recommendation on Leong Hup International Bhd (LHIB) with a new target price of 83 sen compared with Wednesday’s closing price of 66 sen.

In its report on Thursday, it continues to like the stock as it believes the continuous capacity expansion – even during the pandemic – will place LHIB in a more dominant position than before to capture the robust poultry consumption in Asean.