Investors unexcited about poultry measures

Rakuten Trade head of equity sales Vincent Lau told StarBiz that the export ban would be another bane for poultry stocks, especially those that have the majority of chicken produced exported.

PETALING JAYA: Poultry stocks saw muted response from investors following wide-changing measures that will see chicken exports from Malaysia being banned from June 1 and the market flooded with imports following the abolishment of approved permits to bring in more chicken.

Experts reckoned that poultry stocks would continue to face muted market reaction from investors in the near term due to a margin squeeze from the ceiling price and rising global food cost.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Chicken , subsidy , stocks , Lay Hong , Teo Seng Capital ,


Next In Business News

CPO futures to trade with upward bias next week
C.H.S. Steelworks and RelianZ sign MOU on equipment supply for Singaporean flood pumping station
Imbalances in aviation value chain
Forget what you’ve learned about investing
Building the base for a better 2023
Pandemic opens growth opportunities for Demogates
Here’s how shareholder democracy works
Taking a bet on NFOs
Dynamic scheduling fails companies and workers
Tech layoffs – hiring boon for surviving startups

Others Also Read