Short-term downside pressure on Hup Seng


TA Securities Research said the current headwinds are not expected to materially derail the group’s growth trajectory.

KUALA LUMPUR: Following health and safety concerns expressed by the Hong Kong Consumer Council (HKCC) over Hup Seng Industries Bhd’s crackers, there is expected to be downside pressure on the group’s share price in the short term, says TA Securities Research.

However, TA Securities Research said the current headwinds are not expected to materially derail the group’s growth trajectory.

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