Foreign funds eyeing some Malaysian poultry players

Recall that QL Resources has since sold its 38.8% stake in Lay Hong to several parties. It is likely that the sale of shares to the Indonesian party will come from this block of shares.

PETALING JAYA: Increasingly convinced by the poultry sector’s defensive nature and better margins going downstream, foreign funds are now eyeing selective poultry players.

Lay Hong Bhd appears to be one of the main targets, with a few blocks of its shares being crossed over the last two weeks.