THIS month is notable for listed poultry companies, as two of them have announced plans to focus on other ventures. Both are selling their poultry businesses and the move is an indication of the challenges the industry faces.
One main issue remains elevated livestock feed cost, which in turn is due to the global increase in soybean and corn prices.
Two weeks ago, loss-making chicken egg producer LTKM Bhd
proposed a reverse takeover exercise, where the company’s existing poultry business would be divested to its major shareholders and the listed entity would be controlled by an electronic manufacturing services or EMS player.
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