The best is coming for LHI excerpt from their press release previously "While easing of feed input costs, particularly for corn and soybean meal, is positive for poultry players, this is insufficient to mitigate the strong US dollar and weak poultry prices in major operating countries"
Leong Hup International is positioned to maintain its bullish run after surpassing the MYR0.68 resistance on strong volume.
The stock’s fresh “higher high” candlestick confirms the bullish technical setup. Moving forward, Leong Hup aims to test the MYR0.73 resistance, with the next target set at MYR0.77. Any decline below the MYR0.64 support, however, would invalidate the bullish outlook.
this is the weakening USD, much better financial results for LHI. A significant portion of Leong Hup's raw materials, such as corn and soybeans, are priced in USD. almost 70%. at the same time, it exports a portion of its products, primarily to other Southeast Asian countries. When the USD weakens, the value of export revenue in local currencies increases
Hold on to it. at least till its IPO price of RM1.10. it is easily achievable with a better financial footing and its financial discipline of trimming its debt
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chipee
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Posted by Chipee > 1 week ago | Report Abuse
FED cut rates. We are back in lower rate. Good for LHI high debt situation.