Termination of egg subsidy uplifts poultry stocks

CGSI Research raised concerns that the removal of the egg subsidies could impact QL Resources’ expansion plans.

PETALING JAYA: The stock market reacted positively to the removal of the subsidy and price control for chicken eggs, with most poultry stocks rising following the announcement by the Agriculture and Food Security Ministry.

However, the largest listed poultry company by market capitalisation – QL Resources Bhd – declined marginally by 0.21% to RM4.80, valuing the group at RM17.5bil.