KUALA LUMPUR (Jan 29): Hock Soon Capital Bhd’s listing price overvalued the poultry producer by nearly 27% even as its earnings growth would remain resilient, according to TA Securities. The fair value should be 44 sen for Hock Soon, which values the company at seven times this year’s earnings and is in line with the poultry industry, the research house said. Hock Soon is now accepting applications for its IPO until Jan 30, and the Perak-based family-run company is scheduled to list on the Main Market on Feb 13. Both siblings are also executive directors in Hock Soon. Eggs are also the most affordable staple protein in Malaysia, making its business robust and resilient to economic downturns, the research house noted.

Source: The Edge Markets January 29, 2026 03:24 UTC