Poultry players buoyed by improved profitability


PETALING JAYA: Robust 2023 earnings have been pushing poultry-related stocks – with some counters having experienced a “mini bull run” on Bursa Malaysia especially since the beginning of the year.

Lay Hong Bhd’s share price, which was 30% higher since mid-February, closed at 39 sen last Friday while Teo Seng Capital Bhd had soared 44% year-to-date (y-t-d) to RM2.30 on Feb 20 before paring its gains in the last three weeks to close at RM1.91 last Friday.

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