Stock Digest - Leong Hup International Bhd - Beat Expectation On Economic Recovery Environment

YoY, the bottomline rocketed as revenue from the poultry segment increased mainly due to (i) higher sales volume of DOC in Malaysia and Indonesia, (ii) higher average selling price (ASP) and sales volume of broiler chickens and eggs in Vietnam, and (iii) subsidies from Malaysia’s government on livestock of RM24.9m. Besides, higher contribution from the feedmill segment was primarily attributed to higher ASP and sales volume in Indonesia and Vietnam.