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.