Chicken glut seen as depressing Tegel shares ahead of Inghams float
Inghams highlights glut in Australia and New Zealand chicken markets as it prepares for a float.
It appears that there’s more going on with the recent plunge in shares in chicken processor Tegel than instos attempting to game the upcoming Inghams float in Australia.
First NZ Capital analyst Kar Yue Yeo attributes the decline to investors picking up on weak prices for fresh and frozen
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Jenny Ruth
Wed, 12 Oct 2016
Wed, 12 Oct 2016
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Chicken glut seen as depressing Tegel shares ahead of Inghams float
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