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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
