KUALA LUMPUR: Strong earnings growth in Hai-O Enterprise Bhd has helped lift its share price to an all-time high. With its earnings expected to rise further, analysts remain positive about the wellness and multilevel marketing (MLM) group’s growth and stock price.
KUALA LUMPUR (June 30): Hai-O Enterprise Bhd advanced in early trade this morning after it posted a 63% rise in earnings in its fourth quarter of financial year 2017 (4QFY17), as both its wholesale and multi-level marketing divisions performed better.
Most people knew Tan Siow Eng as the wife of Tan Kai Hee, the well-known key founder of Hai-O Enterprise Berhad.
But not many were aware that Siow Eng, who died last Friday at age 82, had a legendary past and was also Hai-O’s important policy maker until the memorial service for her two days ago.
KUCHING: The research arm of Kenanga Investment Bank Bhd (Kenanga Research) is re-looking at Hai-O Enterprise Bhd (Hai-O) with renewed interest following a meeting with the group’s key management.
