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Leong Hup Set for Fourth Straight Day of Rally as CEO Mops up Shares
Shares in Leong Hup International Bhd's (KL:LHI) rose in active trade on Thursday, and were set for their fourth consecutive day of rally, following news that the company's top executive had continued to accumulate the poultry firm's stock.
Leong Hup CEO Mops up Shares
Leong Hup International Bhd’s (KL:LHI) group chief executive officer Tan Sri Lau Tuang Nguang has acquired a total of 8.88 million shares in the poultry, egg and livestock feed producer over the past week, for about RM5.02 million.
MY Morning Wrap | Malaysia Airports Q1 Net Profit Rises More Than Threefold on Higher Passenger Volumes
Stocks to watch: Airport, Mah Sing and Axiata.
Leong Hup's 1Q Net Profit Doubles on Indonesian Ops Turnaround
Leong Hup International Bhd’s (KL:LHI) net profit for the first quarter ended March 31, 2024 (1QFY2024) more than doubled to RM56.58 million as compared to RM22.14 million a year earlier, mainly due to a turnaround in its Indonesian operations on better margins for chicks and chickens.
Leong Hup Shares Down 13% on Weak Poultry Prices
LEONG Hup International Bhd stock price slid 12.6% to 62.5 sen with close to 25 million shares exchanging hands at 12.30pm, after posting a lower fourth-quarter net profit of RM81.6 million.
Leong Hup Drops Over 16% as Analysts See Weaker FY2024 on Subsidy, Demand Growth Concerns
Poultry, egg and livestock feed producer Leong Hup International Bhd (LHI) tumbled as much as 16.08% to 60 sen on Wednesday, as analysts expect the group to post weaker earnings for the financial year ending Dec 31, 2024 (FY2024), due to the absence of subsidies, and a lack of strong demand growth catalysts.
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