PETALING JAYA: Robust 2023 earnings have been pushing poultry-related stocks – with some counters having experienced a “mini bull run” on Bursa Malaysia especially since the beginning of the year.
Lay Hong Bhd
’s share price, which was 30% higher since mid-February, closed at 39 sen last Friday while Teo Seng Capital Bhd had soared 44% year-to-date (y-t-d) to RM2.30 on Feb 20 before paring its gains in the last three weeks to close at RM1.91 last Friday.
Another industry player that saw y-t-d price appreciation was QL Resources Bhd which ended the trading week at RM5.93 a share, making a gain of some 19 sen from Feb 14.
LTKM Bhd also saw its stock price surge to a year-high RM1.63 on March 7 from RM1.28 on Feb 13, before retreating back to RM1.40 last Friday.
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