|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Teo Seng Capital Bhd engages in poultry farming business. The company operates through Investment Holding; Trading of Pet Food, Medicine, and Other Related Products; and Poultry Farming segments. It produces eggs. The firm also manufactures and markets paper egg trays and animal feeds, as well as distribute food, medicine, and other health products. In addition, it trades in and generates energy through the establishment of biogas plants; and is involved in the wholesale, import, and export of eggs products. Further, the firm provides waste management and cool room services. It also produces, processes, preserves, and wholesales meat and meat related products; and engages in the fertilizer and agriculture businesses. The firm earns most of its revenue from Poultry Farming segment.
  BornToSpeculate Dont forget subsidy will be reflected in the coming QR and can expect more interim div 26/09/2024 9:26 AM BornToSpeculate For so many reasons. Teo Seng is no 1 producer, most efficient. Highest margin. Cash rich. Related to LHI. 26/09/2024 9:30 AM harvest6138 We should see one off 26mil gain (sold Singapore asset ) as well .. If government paid all the subsidy on time , teh next QR profit may be is another record high again with all these income ... 26/09/2024 10:12 AM TSN001 If i am not mistaken, Singapore asset was sold at almost book value, so no disposal gain. 26/09/2024 1:12 PM harvest6138 The Disposal Consideration is expected to be used by Teo Seng and/or its subsidiaries (“Teo Seng Group”) for repayment of bank borrowings and/or working capital. Management invested this asset in 2015 , and the currency is 1 to 2.69 at that time , even they sold at book value , should see some cash return based on currency and depreciated value in past 9 years.. that shall make their cash position stronger that before .. 27/09/2024 11:16 AM cchin https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-09-27-story-h470078242-Stock_on_Radar_Teo_Seng_Capital_TEO_SENG 27/09/2024 12:42 PM LubeTrader @Simonalibaba, how do you derive at this value? You better not pluck from the sky lo....haha 02/10/2024 12:19 PM hng33 https://www.thestar.com.my/news/nation/2024/10/09/govt-considers-ending-chicken-egg-subsidy-says-mat-sabu 09/10/2024 12:02 PM LubeTrader Good news for egg producers in the long run but the brekky roti telur price will go up for sure 09/10/2024 12:28 PM hng33 The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended 09/10/2024 2:50 PM hng33 The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share 09/10/2024 3:02 PM harvest6138 Based on Q2 result, Teoseng still can make EPS 8sens without the subsidy (they receive 900k of subsidy in Q2 only , that is insignificant ).. 09/10/2024 3:03 PM hng33 The problem is other egg producers will compete aggressively with teoseng, as without gov subsidy other egg producer need greater promotion to fight market share and their profit. Therefore, once gov end egg subsidy, active competition among egg producer will increase instead of current more passive competition due to gov subsidy support 09/10/2024 3:13 PM hng33 The subsidy for chicken was terminated on Nov 1 last year, following which, the supply and price of chicken became more stable. "When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar. Alhamdulillah, after the subsidy was terminated, the price of chicken no longer soared, and more importantly, the country benefited by saving RM100mil a month," he said – Bernama Chicken price before subsidy cut amd ceilings price cap is RM 9.40/kg After gov remove ceilings price and end chicken subsidy, market selling for chicken now at around RM 8/kg. Main chicken stock listed in bursa are CAB, CCK and Mflour (dinding) 09/10/2024 6:05 PM cchin Mixed reactions. Long awaited subsidy removal. Long term good prospect for Teo Seng 09/10/2024 6:32 PM LubeTrader In 2022, Malaysia exported $154M in Eggs. The main destinations of Malaysia exports on Eggs were Singapore ($138M), Hong Kong ($6.73M), Brunei ($3.24M), Maldives ($2.04M), and Timor-Leste ($1.5M). 10/10/2024 7:01 PM Trianon awesome, Teoseng is still egg-celerating regardless subsidy cancellation 14/10/2024 11:55 AM katara Given the economies of scale and its integrated business model, Chew(Lhi CFO) believes Lhi and its subsidiary Teoseng will be well shielded from any adverse effects (removal of subsidy for chicken eggs). --The Edge 14.10.2024 15/10/2024 11:16 AM LubeTrader Congrats to all holders unfazed by the news of the subsidy removal. Those with the gumption to buy in on the sell-off on that fateful day is laughing all the way to the bank today. 21/10/2024 11:47 AM LubeTrader Teo Seng Capital (TSCB MK, NOT RATED, FV: MYR4.26) “Egg-ceptional” Value, Golden Yields Ahead Trading Idea ♦️ MYR4.26 FV based on 7.5x FY25F P/E. Teo Seng Capital is well-positioned to sustain strong earnings through cost efficiencies and steady demand driven by population growth and tourism. Benefiting from favourable market conditions ie strengthening MYR and lower feed costs, its resilient performance is further supported by its planned distribution centre in Pahang, which will bolster supply chain efficiency for its top mini-market chain client. With attractive dividend yields of 10.3% (annualised) and 7.2% for 2H24F and FY25F, TSCB should be rerated from its low 4.2x FY25F P/E. ♦️ Link to report: https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18 21/10/2024 11:47 AM Simonalibaba https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18 21/10/2024 3:18 PM Simonalibaba I am also too lazy to speak about it Already. Just enjoy the reaping own self and dance own self , shock sendiri cukup 21/10/2024 3:19 PM BornToSpeculate @simonalibaba long time no see bro. your still here. i thought u sold off earlier 21/10/2024 5:01 PM cchin TEO SENG CAPITAL BERHAD ("TSCB" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 300,008,175 NEW ORDINARY SHARES IN TSCB ("TSCB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TSCB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE") 22/10/2024 6:20 PM Trianon very very egg-cellent price movement and expect q3 report will be egg-cellent too 😀 24/10/2024 5:14 PM TSN001 What a big disappointment!! good results, good dividend, good prospects, but...... 15/11/2024 1:58 PM markgold What is the relationship of this Malay girl with Teo Seng ??? Is she eat Teo Seng eggs every day ??? 17/11/2024 11:04 AM StarOfTheBull Bigger dividend is needed to boost the share price. Another benefit is to avoid that 2% dividend tax next year. See Lysaght, MSC and Kossan. 18/11/2024 11:10 AM Trianon If Teo Seng expanded into plantation field before, it would be RM5 now. ha 18/11/2024 3:03 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
