Lay Hong Bhd hit RM 2.40 with potential M&A in place

Purely our own perspective. The recent aggressive share price increase may due to corporate exercise or M&A. Profit and business wise, the current price is very lucrative if Lay Hong can continue its current profit trend with a target of min RM 3.00 min valuation can be realized.
However, we advise some selling above RM 2.50 level as practice.

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