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

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The story "Hup Seng shares rise after strong 3Q24 results, target price raised" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

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

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.