The JSE poultry sector is all a-flap these days
RCL Foods is to list Rainbow Chicken separately, and Quantum Foods has recorded outsized trading volumes and a 100% share price increase
14 March 2024 - 05:00
Is the local poultry sector — its prospects plucked lately by several unfavourable developments — the dripping roast that value investors so desperately crave? That’s difficult to say, but one thing is certain, the pecking order might be changing, with two major corporate actions under way.
Certainly, the latest bouts of corporate action might have punters looking past the pending Competition Commission’s insistence on a comprehensive product market inquiry and the ongoing challenges of cheap chicken imports, load-shedding and unreliable water supply...
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