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KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on Leong Hup International (LHI) with a lower fair value (FV) of 72 sen a share from 76 sen previously.
CHICAGO: With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs.
TOKYO: The Bank of Japan (BoJ) expanded monetary stimulus and pledged to buy unlimited amount of bonds to keep borrowing costs low as the government tries to spend its way out of the deepening economic pain from the coronavirus pandemic.
PETALING JAYA: The government’s latest RM10bil fiscal boost offers a short-term relief for small and medium enterprises (SMEs) amid the worsening cashflow constraints among many businesses in Malaysia
GEORGE TOWN: Despite the outbreak of the Covid-19 coronavirus, CAB Cakaran Corp Bhd’s joint-venture integrated poultry project with Salim Group in Indonesia has started its construction work.
PETALING JAYA: Leong Hup International Bhd (LHI) has successfully diversified its business into aquatic feed, following the acquisition of a feedmill in Vietnam for a total consideration of RM67.03mil.
TESCO Plc agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide.
AMID a sombre property outlook, stockbroking bigwig Datuk Tony Tiah Thee Kian is looking to privatise his property arm TA Global Bhd via flagship financial services company TA Enterprise Bhd.
KUALA LUMPUR: One of Malaysia’s largest egg producer, Teo Seng Capital Bhd aims to produce approximately 4.1 million eggs per day by year-end from 4 million now following the completion of expansion works on its feed mill plant which will cater for the increasing number of chickens.