https://www.offshore-mag.com/production/article/55038881/valeura-progressing-drilling-operations-offshore-thailand

The new MOPU already in place and ready for the drilling according to this news release , just wonder when the company can start billing the Valeura , if need to wait for the first oil then could be in July to Sept ...

Without the subsidy , the profit should be around 100m/year if the corn price remain low as expected , last year they receive 100m subsidy from government , that means the annual profit should be around 150 to 200m depends on subsidy policy which suppose to be expired in June 2024 .. hope management give more dividend /free shares later ..

the TS share price start dropping since LHI released the QR , may be a good QR from LHI can help to boost the confidence on this segment .. anyway , the government policy shall be another crucial factor , if government stop the subsidy after 1H24 and remove the ceiling price control , then could be a good news for company as the egg price expected to be up 10 sens per egg where the current subsidy is 8sens per egg , on top of that , price can be adjusted based on demand and feed cost , should be a good things for company ..

If I added all the other income in Fy23 ( mainly subsidy from government ) , it was about 100m , which means each quarter should be around 25m , since this quarter only recorded 9m of subsidy from government , that means still have another 16m outstanding yet to be paid to company , that explains why in FY23 they received 54m in one single quarter ...

If we don't consider the subsidy from government , this QR result actually much better than the previous one , I use revenue minus the cost and the Q423 is roughly 11.2% margin , however , they achieve roughly 17% in this QR , believe mainly contributed by lower feed cost , if this can be sustained , next QR should be even better as they may receive higher subsidy in next q ..

https://www.youtube.com/watch?v=CzrBWp2becU

got this from another forum ..

ha ..just hope management generous enough this round to reward the share holder , I did not see any expansion plan revealed recently (except the plan to increase production from 4 to 4.8m eggs/day ) , so , they should not need big Capex reserve ...

waiting for the QR and dividend to decide next move , I believe it will attract some serious investors if they can deliver consistent good EPS (more than 10 sens ) , not many listed company in Bursa can have EPS more than 10 sens .. anyway , I also knows well Bursa is like casino more than investment , people will react more to "news" rather than fundamental ..

I bought at 2 .. hope the next QR at least maintain at Q3'23 level , then should have hope to recover ..

above extracted from the latest Annual Report just released today , so the feed cost continue to be in favor of the company and the demand is strong , lets see if the next QR can help to validate this ...

The operating environment shows signs of improvement
with the softened prices of maize and soybean, which are
essential ingredients of animal feed. The supply of eggs is
expected to remain tight due to the slashing of production
and exited of household and small scaled farmers during
the rising of production costs who lack of competitive
advantage, while demand for eggs is expected to grow at a
moderate level driven by its status as the cheapest source
of protein, population growth, as well as increasing in the
arrival of foreign tourists.
Poultry farming continues to be Teo Seng’s core business

https://www.imoney.my/articles/chicken-egg-subsidy

According to this news , if govern stop the subsidy , the egg price may go up to 10sens each egg , and the current subsidy is 8sens per egg , so , the removal of subsidy should benefit company more , that make me can not understand why people keep saying TSCB is doomed when the subsidy been removed ?? anyway , the next QR shall help us to understand more if the company can sustain the profit .. for me , I am happy if they can maintain the EPS of 15sens per quarter consistently ..

The total shares remain unchanged , that means it will not dilute the EPS after the bonus share issuance ..

A total of 4,301,313 treasury shares were distributed on 15 April 2024 via share dividend distribution of treasury shares on the basis of one (1) share dividend for every sixty seven (67) existing ordinary shares held in Teo Seng Capital Berhad in respect of the financial year ended 31 December 2023. There is no cancellation of treasury shares. The total number of issued shares of the Company remain unchanged i.e. 300,008,175 ordinary shares.

https://teoseng.com.my/wp-content/uploads/2020/04/8.-Dividend-Policy-Reviewed-as-at-16-Mar-2018.pdf

PP at 0.535 , slightly higher than closing , wonder who will be the new investors for these 10% of shares ..

If the quantity of eggs sold in last quarter same as previous one then the revenue and profit should be maintained as the feed cost is till low in last q .. lets see the result in next month , anyway , still hope company can give more dividend for FY23 ..

Teo Seng is undervalued stock as long as they can maintain the EPS more than 10sens consistently ...based on the past few quarter report , this is possible ..

The feed cost should be still low as the corn and soybean future is lower based on 6 months trend , next Q result should be good as well..

Hope management give more bonus .....

This could be one of the cheapest profitable and undervalued O&G counter , need more positive news to get investor's attention ..

company is doing well , revenue ,profit up and debt is reducing , as long as they can sustain this , don't really see the problem here , at least , I can not find any risk factor as of now ..

I lost 10% so far , if management willing to release more dividend then I am fine . Ha ...

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-03-11-story-h-186546058-Plantation_Sector_Large_Soybean_Supplies_to_Keep_Grain_Prices_Low

Believe this shall help TS to maintain low cost and sustain the profitability for quite some time , and hope management can give better dividend later , that could be the key factor to drive the share price up now ..

If TS can sustain the profitability and adhere to their dividend policy then should be a good chance to accumulate .. another key point is government policy , if they remove the subsidy and allow company to adjust the egg price then the impact should be minimum to company , just imagine if the egg price up 10 sens then 4.5mil egg /day for 3 months is around 40mil ....

Management issue share as dividend and Director buy back the share , good sign

soybean and corn future is keep dropping , that should benefit company to sustain their profitability , hope to see better result in next QR ..

If management generous enough to give 50% of net profit as dividend then the current price will be a good bargain buy , lets see ..

Hope management can give good dividends since company earned so much in last financial year …

May be management should consider to buy back more shares now ..

Good QR , when 2nd MOPU start operating (should be this quarter if not wrong), the revenue and profit shall increase accordingly...

Hope can go break the 52weeks high soon ..

FY2023 revenue Q1 recorded loss due to lower sales , with all these contract extension and Petronas Capex . they should see better sales and profit in 2024 , as some of the contacts was awarded in Q2 2023 ,and got extended until end 2024 , on top of that , the turn around of Perdana which should benefit the company performance as well , with this for sure they will have better revenue and profit in 2024 .. hope they can bring us more good news soon ..

anybody know when the QR will be released ??

Another new contract awarded and Perdana also won two new jobs ,2024 should be a prosperous year for both Dayang and Perdana ..

The next QR may not be better than last QR due to Monsoon based on the statement from management in previous report , however , the prospect is good started from this quarter when the weather is back to normal ..

Good job .. Another new contract in the pocket , if not wrong this should be the 5th announcement on job awarded in 2024 .. very promising ...

I read from the news release in Bursa under company announcement…

EPF start buying .....

Dayang got another contract extension .. up to now already 4 contracts in a month , a good sign for the company .. wonder if IB will adjust the TP due to this ??

Dayang won 3 contracts in one months , O&G business is booming ....

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2024-01-05-story-h-211328332-UK_house_prices_defy_forecasts_with_gain_in_2023_Halifax_says

UK house price still up even at economic downturn .. the reason could be due to house shortages based on this report , that could be the reason why YTLP dare to launch the second phrase now as the demand is there ..

https://www.thebusinessdesk.com/south-west/news/5526-second-phase-of-huge-bristol-development-gets-green-light

Based on this news , YTLP should have started their UK properties project by now and expected to have first house to be completed by end of 2024 .

even the current price , the PEX is only at 9.5 , still have room to grow comparing to the peer like Tenaga .. IF they can maintain the EPS more than 10sens , then for sure it will go beyond 4 or 5 by the time ..

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-01-04-story-h-211356292-Power_Reaching_for_the_sun

WTE is another venue that YTLP is pursuing now , Johor also plan to build WTE power plant , may be that is one of the reason why YTLP invested in Ranhill ..

PE 8 is till undervalue .. YTL also have 13X now .. it would be good if YTLP can match that , chances are there if YTLP continue to deliver good result ...

Happy new year to all , and wish all of you have a prosperous and fruitful new year ..

https://www.businesstimes.com.sg/singapore/singapore-household-electricity-gas-bills-continue-climb-tariffs-rise-q1-2024

As expected , the Singapore electricity bill will be up again started from 1st Jan ...

https://www.wessexwater.co.uk/bills-and-accounts/our-charges

According to the wessex web site , the water bill charges shall be increased again started from 1st April 2024

In short , YTLP is a healthy and wealthy company , not promoting , but support with truth based on the financial report ..