Daily Market Report (16 May 2019)

  • Leong Hup International Bhd will be listed on Bursa Malaysia today. The company is one of the largest poultry based player in the country.
  • As the biggest initial public offering (IPO) so far this year, analysts are rather positive on the company with fair value ranging from RM1.27 to RM1.43 from its IPO price of RM1.10/share.
  • Leong Hup’s pre-listing market capitalisation is tagged at RM4bn.