Leong Hup poised for quick recovery from Q4 onwards

KUALA LUMPUR: Leong Hup International Bhd could be poised to stage a quick rebound from the final quarter of this year as average selling prices and consumption normalise following the end of the lockdown restrictions.

"Feedmill operation margins should continue to recover on gradual cost pass-through, whilst commodity prices have tapered off from the peak," said RHB Research in a note.