Maybank Research said with the acquisition of The Bakers Cottage (TBC), LHIB has carved out an avenue for sales stability in the mid-term as it steadily grows its store presence in the quick-service restaurant industry. KUALA LUMPUR: Maybank Investment Bank Research has upgraded Leong Hup Industries Industries Bhd (LHIB) to Hold with a revised target price (TP) of 96 sen, an increase of 40 sen from its previous TP of 56 sen. It said on Tuesday poultry average selling prices (ASPs) have rebounded sharply since mid-May 2020 on the back of reduced industry supply during the Movement Control Order (MCO).,
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