Hup Seng faces short-term downside pressure

KUALA LUMPUR: There is expected to be short-term downside on Hup Seng Industries Bhd's share price following health and safety concerns expressed by the Hong Kong Consumer Council (HKCC) over the confectionery manufacturer's crackers, says TA Securities Research.

As at 9.30am, Hup Seng shares were trading two sen or 2.2% lower at 89 sen apiece with over three million units exchanging hands.