Q1 I think 0.14 more than achievable vs Q1 23 only 0.067

Look like Q1 2024 should be very good

The millions shares shareholders are going for 3 and above. It’s still a buy on weakness opportunity before it goes back up to 2. It’s to trap you, beware ok

No worries, still good

No wonder harvest6138 keep trapping us, he must have also trapping himself 👍. I also wants to get trap. 🤣

Ya Teoseng has been trapping you all silly guys since 70 sen till 2.5 la. I know investor this several investors bot minimum 1 million shares or more have not feel being trap yet.

Next 2.5

LHI 71

Do be disheartened by the correction, it need to consolidate first before next move beyond 2.50.

Buy

2.5 open

🤣

I wonder if they are going to announce free warrant and bonus?

KUALA LUMPUR (Feb 8): RHB Retail Research said Teo Seng Capital Bhd is set to move higher after breaking past the RM1.93 immediate resistance level, forming a higher bullish pattern.

In a trading stocks note on Thursday, the research house said that the bullish bias above this level may drive the stock upwards towards RM2.10, followed by the next resistance level at RM2.20.

“However, a fall below the RM1.77 support level would invalidate the bullish setup, as the stock would be trading below the 21-day simple moving average line,” it said.

So valuations based on AI poultry? 3.90?

Expecting another 7 sen of div!
air Value: RM2.43
Previously: -
Current Price: RM1.84
Capital upside 32.1%
Dividend yield 8.2%
Expected total return 40.2%(36% as 4% already paid)

Forecast. We raise our previous FY23/24/25 core net profit forecasts by
50.9%/93.5%/35.8%, mainly to account for higher subsidies for eggs, lower
production cost assumption for eggs, and higher EBIT margin assumption for animal
health products. In our forecasts, we are assuming that government subsidies for
eggs will remain until end-1H24.
Dividend. Teo Seng has resumed its dividend policy since 1Q23 and has been
consistently paying dividends on quarterly basis. Assuming 30% dividend payout
ratio (which is well within Teo Seng’s dividend policy of 20-50%), we project a total
DPS of 15 sen for FY23 (which in turn translates to a DPS of 7 sen for 4Q23).
Fair value of RM2.43. Following the upward revision in our core net profit forecasts,
we now value Teo Seng at RM2.43 (vs. RM1.31 earlier) based on 6x revised FY24
core EPS of 40.5 sen.

Yes buy 👍

They have intention to privatize it

2.5 only PE of 5 but if pE 8 as per industry can see 3.40

Heard very strong Q4>Q3
Target can exceed 2.5 with div

Walao Teoseng PE 3.8 Vs peers of 8.3!! So can double to 3.40?

*Teo Seng Capital Meeting Note Takeaway*
_(TSCB MK, NOT RATED, FV: MYR2.19)_

♦️ *Continue to collect government subsidy smoothly.* About 65% of their total egg production is subjected to ceiling price and subsidies. TSCB expects to receive higher amount of subsidy from government in 4Q23 in tandem with higher number of months of subsidy being collected and higher sales from higher daily egg production. We expect a 10-15% effective tax rate for FY23. As the Group has recognized its subsidy up to May in 3Q23, we expect the Group continues to claim the outstanding FY23 subsidy from government in near term and recognize the subsidy income until 1H24.

♦️ *Sustainable topline in near term.* Q4 is usually its strongest quarter due to stronger buying behavior on festive season. Hence, the management thinks that its sales volume can be improved in Q4 together with its higher daily egg production from continual upgrade of its chicken farms. The management does not see much fluctuation of egg ASP and feed cost prices remain relatively lower than YTD's peak. The management is optimistic on the YoY improvement of sales volume at least until 1H24.

♦️ *Malaysia biggest egg exporter to Singapore.* As of 9M23, TSCB is exporting about 23% of its total egg production to Singapore, which commands higher margin. The Group is working hard in launching downstream products in eggs to export more to Singapore including hard-boiled eggs, soft-boiled eggs and herbal eggs. The downstream products are currently taking up 0.7% of its total egg production and expect it to increase to 1% in next FY.

♦️ *Margin expansion with improved efficiency.* With food security concern on food hygiene and prevention of diseases, TSCB is the first egg producer in Malaysia who adopted All-in-all-out system in a closed-house system since 1999. Without resting on its laurels, TSCB invested in implementing automation system into its integrated layer farming operational process. This includes auto feeding system, modern layer cage system, automated egg collecting system, nipple drinking system, air-conditional environment, smart system for feeding, ventilation and lighting as well as automated chicken manure belt (to produce organic fertiliser). These are to ensure the quality of egg produced and increase efficiency by reducing manual workers. When old bird house was torn down and replaced with a new double storey bird house, the no of bird capacity for the same floor size will increase from 25k to 80k birds. With the hard work from years of production system improvement, TSCB is now starting to reaping the fruit from better efficiency and higher margin business with its eco-system. On the other hand, the Group is also gradually shifting its local wholesale sales to local direct sales which command higher margin.

♦️ *Awaiting for Govn announcement.* In Oct 2023, government targets to uplift the ceiling price of eggs in January 2024. However, we have not heard anything from the Government till now. Management expects to hear something from government in mid Jan on whether to continue subsidy and price control program or allow free market. From our ground check, most egg producers prefer free market due to better cash flow and flexibility to adjust egg prices based on costs movement.. In our view, even when free market comes into play, egg as the cheapest source of protein and deemed as necessities, is relatively price inelastic. Coupled with industry consolidation, high investment costs, & increasingly stringent regulatory requirements, the Group can still remain profitable until 1H24. Another point that distinct egg sellers from chicken sellers is that egg has much shorter shelf life of say 30 days compared to chicken (frozen chicken can last up to6 months). Hence, Malaysia egg consumption is highly dependent on local egg producers rather than importers.

♦️ *Undervalued stock.* With the latest quarter result announced, we think the stock is currently trading at just 3.8x vs its peers' trading P/E of 8.3x (Figure 12). In the event that TSCB managed to register higher EPS in the subsequent quarter, Its trading P/E will be pared down even further. Its high dividend yield of >6% in FY23F and FY24F makes it a compelling investment.

Let them sell down more, so we can buy it up

Record profits, they also want to reward themselves with record dividends 🤣, expecting another 5 sen of not 10 sen.

Any idea takeover expected at what price?

Some hangovers due to continuous selling by their private equity partner. Once it’s done it will fly to 70 /90

Good analysis, I would buy on further weaknesses onto this stock.

Ppjack took 5 months, you expect Emcc to reach 68 cents in t+3?

Target 68 cents

Buy anything below 50 cents

It’s called comparative valuation. Ya so it may take them to reach 68cents earlier than expected

Emcc will go up to 0.675 from 0.24!

This Emcc will go 0.675 in 3 months time

the smart investors buy at $6 till $15,momentum investor from $10 till $25, FOMO buy from $20 till $25, speculators buying from $15 till $25,
the greater fools theory investors buy from $25 till $100 they think as some house said can go $100.

even if TopGlove can deliver $4 billion FY21, current valuation is already more than fair. but the question i asking you guys is can TG repeat that in 2022? 2023? if not how to justify exceeding Tenaga, PBbank?

Now supermax, kossan and comfort also over run

221 mill then Harta should be only be $15 not 20!

please add me

it drop due to political uncertainty not bec of the QTR result. the company through AGM had mentioned the recovery only started since june hence QTR 3 should be reflective of the true performance. be steady if we are investing don't be so jumpy, hehehe

20cents

20

going down to 0.20 soon.

people cannot forget the past con man

US fear of second waves and vaccines may not help preventing covid. Malaysia fear got Vaccines, Gloves dropped. LCtitan got 2nd waves also fear, got vaccines coming also fear.

I don’t see any stock potential other than this so far, that is according to my observations. If anyone can share a stock can have >100% gains please let me know.

If we don’t get stocks that can give us more than 100% gain, I rather keep cash. Getting the winning stock is not just about fundamental of the company but more importantly the circumstances surrounding the operating environments like Gloves stocks with Covid-19 threat. But this stock has all the ingredients for a perfect storm to ignite it to higher level. First its good value, buy cash for cash but close to zero valuation in the business model. And still pay dividend showing the management is very confident going forward.
Second, it has gone through the squeeze in margin as at last year and now have rebounded to a very healthy level.
Third the rebound in margin are due to contraction in supply and low feedstock and substantially increased in demand due to COVID-19 demand for protective equipments PPE. The threat of 2nd and third as alluded by WHO further amplify the demand for PP/PE in PPE. They are also supplying to gloves companies.
Fourthly, with the economy reopening up it will certainly drive more demand for PP/PE as people are now more concern now with packaging needs.

Anymore advantages?

This is my 30 years hard knocks experience where business / investment school don’t teach you.

When u buy a stock it’s better that all analysts call a sell in it but if you can see the upcoming future results improving. Then when the analysts are convince then turn bullish.

Bingo! There you have it 3 baggers (300%)in return!

If you buy when analysts are super bullish, what it’s for us? So so return, my as well buy Public bank.

Last year was 31/7

And book value is 5.40! Ya it doesn’t mean anything if it’s not making money. Let see the coming Qtr.