KFC Holding (M) Sdn Bhd

KFC Holding (M) Sdn Bhd own 100% of KFC restaurants franchise in Malaysia and Singapore which is backed by fully integrated poultry operations. Today KFC maintains its dominance of the fast market in our country.

Currently KFC stock price is suddenly drop from RM8.00 to RM6.00 which dropped 25% in only one month. I try to find out why its price going down but not found anything in internet. Would you share with me why its happened?

KFC Daily Chart

On last Friday, KFC already broke and closed below the up trendine. Also happened in last trading day, volume spike more than double before which I assumed panic selling. In the mean time, investors and traders worried about the US market crisis. The Dow also down on last Friday at 178 points dropped. Can you guest what will happen to KFC tomorrow? I will follow this counter this week and post some result to review.