KUALA LUMPUR: Near-term headwinds remain for Leong Hup International Bhd
as the government recently moved to ban the export of chicken from June 1, 2022, in an attempt to manage food inflation in the country.
Hong Leong Investment Bank (HLIB) research expects the ban to hurt Leong Hup's bottom line even as the prices of key inputs, especially soybean meal and corn, remain escalated due to high fertiliser prices and tight supply.
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