PETALING JAYA: 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).
AmInvestment Bank Research in a report yesterday noted that the widespread adoption of takeaway and delivery-based consumption is likely to sustain hotel, restaurant and cafe demand, similar to MCO 2.0 in January.
“Additionally, poultry ASP is positively affected by seasonal cold weather and festive season effects, ” it said.
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