A Pure Poultry Play
An integrated poultry player with regional presence
Leong Hup provides exposure to one of the largest and most regionally diversified poultry producers in ASEAN, with a presence in Malaysia, Singapore, Indonesia, Vietnam and the Philippines.
Its 2017 market share of annual feedmill production was 10.5% in Malaysia, 5.5% in Indonesia
and 4.0% in Vietnam.
As for livestock production, Leong Hup is the largest poultry producer in Malaysia.
It also ranks among the top three poultry producers in Indonesia and Vietnam while in Singapore, it commands the largest market share of slaughtered poultry.
We initiate coverage with a BUY and a TP of MYR1.37.
Source: Maybank
https://factsetpdf.maybank-ke.com/PDF/1 ... 6b12fd.pdf