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PETALING JAYA: Leong Hup International Bhd’s (LHIB) net profit for its second quarter (Q2) ended June 30, 2021 rose to RM30.50mil from RM16.23mil in the previous corresponding period, on the back of higher earnings from its livestock and poultry-related products as well as its feedmill business.
KUALA LUMPUR: Leong Hup International Bhd almost doubled its net profit in the second quarter as higher selling prices of day-old-chicks and broiler chickens increased its margin.
KUALA LUMPUR: Leong Hup International Bhd (LHI) is ramping up its business-to-consumer channel via Baker’s Cottage in Malaysia and it targets to have 280 by end-2023 while it also expands its downstream operations in Southeast Asia.
PETALING JAYA: The anticipated recovery in consumer spending in the second half of the year, aided by government policies and spending and a ramp-up in vaccination, will be a positive driver for the economy.
SOME consumer, tourism and hospitality-related stocks have been on a tear over the last few months, as investors expect these industries to recover should vaccination programmes prove to be the elixir to the pandemic.
Leong Hup International Bhd’s earnings are expected to remain steady, as average selling prices (ASP) for poultry are anticipated to be sustained during the current movement control order (MCO 3.0).
KUALA LUMPUR: AmInvestment Bank Research is bullish over Leong Hup International Bhd's (LHI) earnings prospects following an estimate-beating performance in the the first quarter of the year.
PETALING JAYA: Leong Hup International Bhd (LHI) has posted a record net profit of RM70.33mil in the first quarter ended March 31,2021 (Q1), which is its strongest quarterly performance since it was listed about two years ago.