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KUALA LUMPUR: Poultry company Leong Hup International Bhd saw its shares climb to a high of 87 sen on Tuesday after Credit Suisse initiated coverage with an outperform call and a target price of RM1.
KUALA LUMPUR: Blue chips closed higher on Tuesday, the first day of the fourth quarter, with mild fund buying of Maybank, Sime Plantation and Tenaga Nasional but overall trading volume was dismal.
LEONG Hup International Bhd's rebound picked up steam on Monday as it rose past the 50-day simple moving average (SMA), the first time it has happened since the data became available.
KUALA LUMPUR: AmInvestment Research anticipates a better second half for Leong Hup International on the back of improved market prices for day-old-chicks (DOC) and broiler chickens which have increased to RM2.10 per DOC and RM5.40 per kg respectively on Aug 16.
KUALA LUMPUR: Local fund buying of Maybank and Petronas Chemicals pushed the FBM KLCI to a firm close on Friday, in line with the firmer key Asian markets as US-China trade tensions eases.
KUALA LUMPUR: Leong Hup International Bhd rose almost 10% in early trade Friday in active trade on expectations that the company’s earnings will improve in the current third quarter ending Sept 30.
KUALA LUMPUR: The FBM KLCI returned above the 1,600 mark in early morning trade on the improved prospect of reconciliation between the US and China.
KUALA LUMPUR: RHB research believes the selldown in Leong Hup International Bhd's shares could have been overdone as it is now trading at a steep 35% discount to the regional average.
KUALA LUMPUR: Axiata Group Bhd, Gamuda Bhd, Genting Malaysia Bhd, CIMB Group and Leong Hup International Bhd are among the stocks to watch on Friday, according to JF Apex Research.
KUALA LUMPUR: Poultry company Leong Hup International Bhd (LHI) posted a 75.5% fall in net profit to RM16.08mil in the second quarter ended June 30,2019 following the fall in broiler day-old-chicks (DOC) prices but it expects the third quarter to show an improvement.