Hup Seng shares rise after strong 3Q24 results, target price raised

Quick Summary:

KUALA LUMPUR: Hup Seng Industries Bhd’s third-quarter results for the period ended Sept 30, 2024, sent shares up about 7% in early trade Thursday, driven by better-than-expected numbers.

It said the growth was largely driven by lower input costs for key raw materials and a higher sales volume.

Moreover, the commissioning of Hup Seng’s new oven has notably enhanced production capacity, contributing to improved performance and efficiency.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: /Business/Business News

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Article Type: News Report

Published On: 2024-11-07 @ 10:16:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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