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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.
  harvest6138 https://www.klsescreener.com/v2/announcements/view/7434097 Company shall use this money for the repayment of bank borrowing according to Nov 23 announcement , so we shall see the debt further reduce in Q3 24 , Teo Seng shall become the net cash company soon if they can maintain the current EPS ... 26/07/2024 9:01 AM Simonalibaba InvestPro fair value 2.75 with health score of 3.94 from 1-5. Which is excellent performance. 26/07/2024 4:43 PM JacNgu yes. all rotten eggs. check out focusp, fajar, mnhldg, aeon. sense anything wrong? 31/07/2024 4:49 PM harvest6138 https://www.klsescreener.com/v2/news/view/1369501/an-egg-cellent-year-boosted-by-improved-prices-subsidies report from The Edge .. the corn price is still low compare to last year , hence the profitability of company should be intact if no impairment need to be settled .. 05/08/2024 8:37 AM mf BREAKING Japan stocks plunge 7%, extending last week’s rout; other Asia-Pacific markets also fall 05/08/2024 8:38 AM markgold The share price can withstand this bad moment show that Teo Seng shareholders are genuine long term investors. 08/08/2024 10:19 AM harvest6138 Company only received 900k of subsidy this quarter and they received 9.7mil subsidy last quarter , why ?? I saw another news , the farmers claimed that they did not receive any subsidy from government in past few months .. However , based on this QR , company managed to earn 26mil without much subsidy and EPS is 8.8sens , that means management is doing a good job here 20/08/2024 6:33 PM harvest6138 Company should share how much outstanding subsidy they suppose to receive from government and what is the plan to collect what they deserve .. 20/08/2024 6:35 PM commonsense Hi harvest, Govt normally pays a big chunk of the subsidy at the end of the year. Last year Teoseng received more than 70% of its subsidy payment in 2H23 and around 50% of the total subsidy alone was paid only in 4Q23. I think it should be the same for this year as well. On how much of the subsidy outstanding for the company, I think it's safe to assume that the amount will be at least the same level as FY23 given that the revenue for the Poultry Farming division is higher in 1H24 vs 1H23 (assuming this trend continue in 2H). Last year total subsidy received was RM 105mil. Hopefully the govt will pay the amount in the second half of the year. 21/08/2024 6:52 AM harvest6138 Hi Commonsense , if the subsidy they suppose to receive is RM105m , then next QR shall be interesting as they also will realize the one of gain (26mil if not wrong) from the sale of Singapore factory , if we add up all , next QR profit will be amazing ... 21/08/2024 8:57 AM fruitcake dont really believe proper & honest businessman can con investors from the stock market 21/08/2024 9:07 AM harvest6138 https://www.sinchew.com.my/?p=5774545 Based on this news on 20th July , most of the egg farmers did not receive any subsidy since Jan .. 21/08/2024 1:55 PM harvest6138 Since the corn price trending down and Ringgit start appreciating , now should be the good time for government to lift the control of egg price and let the market decide the price of egg and save the subsidy for other usage .. 21/08/2024 2:00 PM hng33 The reduction in egg control price as announced on 17 June 2024 shall impact product margin whilst the recent strengthening of the Ringgit shall ease production costs 21/08/2024 5:19 PM harvest6138 @Trianon , TCS daily production is 4mil egg per day , and subsidy is 10 send per egg . Some of their egg exported to Singapore and partial of it are Oemga egg which is not entitled for subsidy , however if we take 50% , also means 200k per day , which translate to 18 mil per quarter , and they only received 0.9 mil .. last q they only received 9.7mil , our government owed them at least 26 mil … 23/08/2024 11:10 AM harvest6138 The fact is they received 105mil from government last year , so far they only received less than 11mil in half year time … 23/08/2024 11:12 AM harvest6138 According to Layhong latest QR , the profit drop was due to " higher input cost resulted from the delay in receipt of egg subsidy from the government" ... hence , seems like Teoseng also facing the same problem ..lets see if the same trend on LHI and QL ... subsidy from the government. 26/08/2024 6:32 PM harvest6138 The big share holder disposed 3mil share on 12th , but the open market transaction was only 600k that day , that means this could be off market transaction , anybody has the details ?? 14/09/2024 9:31 AM BornToSpeculate If a company is the market leader, low P/E, negligible debt, high cash and paying reasonable dividends, whats there to worry. Even if US market crash tomorrow, how much u think this can drop. Current PE is 3.5x, forward PE is 2.5-3x and will have an even bigger cash reserve then 14/09/2024 5:47 PM SKY LIGHT18 undervalued stock with low PE , should be can break 52weeks high since MYR strong up now~ 19/09/2024 10:49 PM 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  | | ||||||||||||||||||||||||||||||||||||||||||||||||
