Market Volatility Hits Kerry Group PLC as Global Trade Uncertainty Lingers

Kerry Group PLC, a leading food and nutrition company, has been navigating the choppy waters of the global market in recent times. With a market capitalization of around 15 billion euros and a price-to-earnings ratio of 23.5, the company’s stock price has been subject to fluctuations driven by various economic and market factors.

The COVID-19 pandemic and changes in global trade policies have had a significant impact on the company’s stock price. However, it’s not just these external factors that are causing concern. The Malaysian National Chamber of Commerce and Industry (NCCIM) has expressed worries about the government’s frequent changes to economic policies, which have created uncertainty and made it difficult for businesses to adapt.

The NCCIM has called on the government to listen to the needs of the business community and to implement policies that benefit the country. This includes addressing issues such as the shortage of foreign workers and the increasing cost of doing business. The government has also been urged to delay the implementation of the Sales and Service Tax (SST) and to reduce the tax rate to 4% for a period of two years.

The recent news that the US government plans to impose a 25% tariff on Malaysian goods has raised concerns about the impact on exports and the economy. The NCCIM has called on the government to take swift action to negotiate with the US government to reduce the tariff rate.

Key Factors Influencing Kerry Group PLC’s Stock Price

  • Frequent changes to economic policies by the Malaysian government
  • Shortage of foreign workers and increasing cost of doing business
  • Implementation of the Sales and Service Tax (SST)
  • US government’s plans to impose a 25% tariff on Malaysian goods
  • Global trade environment and COVID-19 pandemic

As the global trade environment continues to evolve, Kerry Group PLC’s stock price is likely to be influenced by various economic and market factors. The company’s ability to adapt to these changes will be crucial in determining its future performance.