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News: Leong Hup International

Analysts expect Leong Hup’s profits to contract

Hong Leong Investment Bank (HLIB) said Malaysia’s Leong Hup International’s strong financial performance in 2023 will not be sustained in 2024. The poultry, egg,...

Automation at Leong Hup feedmill reduces labor costs

Leong Hup International has automated its feedmill in Port Klang, reducing the staff needed per shift from 24 to 18 and cutting personnel costs...

Leong Hup to build new slaughtering plant in Malaysia

Leong Hup International has set aside USD 3.78 million to build a new slaughtering plant in Yong Peng, Johor, according to a report by...

Leong Hup to contest price-fixing accusation

Leong Hup International has challenged the accusation by the Malaysia Competition Commission that it created a ‘chicken feed cartel’ to fix prices. In a...

Business as usual for Leong Hup with price float

For large poultry integrators like Leong Hup International in Malaysia, the removal of support mechanisms for chicken means business as usual. “Lifting the ceiling...

Leong Hup to gain from demand recovery

Leong Hup International can expect ‘bullish’ performance for the rest of the year, thanks to recovery in poultry consumption. RHB Investment Bank attributed this...

Leong Hup records profit boost of 60%

Leong Hup International’s net profit surged 60.6% yoy to USD 14 million from USD 8.72 million the year before. Its livestock and poultry segment...

Poultry subsidies not good in the long run says Leong Hup

Leong Hup International said the Malaysian government should remove subsidies for chicken and eggs, as it distorts the market, and is unsustainable over time....

Leong Hup posts better earnings in Q3 2022

Leong Hup International posted higher earnings for Q3 2022, with its livestock and poultry segment’s earnings before Ebitda skyrocketing 261% yoy to USD 19.61...

Companies are adapting to the pandemic    

Meat producers are adapting to the uncertainty amid the Covid-19 pandemic. Some are seeking new sales channels and making strategic investments writes PAYUNGSAK WIRIYABUNDITKUL....

Leong Hup gets technical buy nod on stocks

UOB Kay Hian Malaysia has issued a technical buy on Leong Hup International (LHI) with +20.5% potential return. It said target pricing is USD...

Leong Hup eyeing overseas expansion for Baker’s Cottage

Leong Hup International (LHI) sees a growth trajectory this year and next for its Baker's Cottage business. Baker’s Cottage is one of LHI’s many...

Integrators in Malaysia picking up market share

Lower poultry demand and higher feed raw material prices in Malaysia is prompting some producers to downsize production. However, larger integrators like Leong Hup...

Vietnam bright spot amidst lower Q2 revenue for Leong Hup

Leong Hup International (LHI) posted revenue of USD 343 million, nearly 3.5% lower than Q2FY19. Profit after tax and minority interests increased marginally USD...

Leong Hup records higher sales of processed products

Malaysia’s Leong Hup International Berhad told Asian Agribiz that its broiler production has remained the same despite a drop in demand and prices. “There’s...

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