Sslee

Additional Cash inflow from share disposal RM 60-66m on top of recurring Q profit will further boots up INSAS cash hoard to above RM 1.2 billion in next Q. These is almost cash RM 1.80/share......

Finally, EPF ease to be substantial shareholder of myeg. Next is KWP. These will gradually eliminate manipulation pressure by these 2 pension fund in future.

Sslee
What is insas expected gain of disposal from inari and M&A? What is insas cost holding in its book value

sold for contra at 79sen

bought iwcity at 76.5-77sen

As major shareholder, myeg will get most of the Heitech subcontract gov work later

DATUK WIRA FARHASH WAFA SALVADOR (former Perak PKR chairman, acquire 15.9% heitech)+ MR WONG THEAN SOON (myeg, acquire 15.9% heitech), jointly now control 31.8% Heitech ----> NIIS

Myeg bought 14.4% stake in heitech become the largest shareholder now - jointly bid NIISE

MYEG e-testing driving licence is coming

implementation of the pilot phase for MYDTS (“MYDTS Pilot Test”) involving actual test candidates from 18 December 2023 until 16 February 2024.

Now entering Mar, MYEG just need await to be awarded concession which is long overdue delay due to previous covid time.

One link will let know well how DEEP value myeg have embedded

Myeg, Zetrix coin performance, current unit in circulation, and total outstanding unit available for sale in future and HUGE market current market capitalization and FULLY value market capitalization, all in MULTI BILLION USD PROFIT on track to monetize by myeg on staggering basis
https://coinmarketcap.com/currencies/zetrix/

cut first at 39.5sen

cut first at 2.02-2.04

cut at 63.5sen first

sold back all at 66-67sen

cut at 4.37

sold all UEMS at 1.07, swap to Myeg

selloff overdone, LHI disappointed result spread to Teoseng, but its indeed overdone. Both still reap profit, raw material cost still trending down and Teoseng and LHI financial keep improving and more dividend is coming. Just hold and wait for next dividend

selloff overdone, LHI still reap profit, raw material cost still trending down and LHI financial keep improving and more dividend is coming. Just hold and wait for next dividend

Egg-cellent

Egg-cellent

Egg-cellent

use margin line, bought layhong at 42-42.5sen

Layhong integrated livestock surge 13.5x profit from mere RM 4.3m to RM 58m. What will much bigger LHI integrated livestock profit ?

Layhong integrated livestock surge 13.5x profit from mere RM 4.3m to RM 58m

Layhong just deliver super EPS 7.42sen, what will EPS for much more bigger LHI ?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3424233

Layhong just deliver super EPS 7.42sen, what will EPS for much more bigger LHI ?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3424233

added all balance to LHI at 73sen

cut at 2.84

Penalty now in court case. It will take long time to end. All parties, have file appeal to the court independently. Gov need to spend much longer time to fight them in the court individually

In the market, Chicken and egg selling price still remain elevated, quietly making more money, increase supply to meet upcoming hari raya

When raw material cost hike - cost pass through

When raw material cost tumbling - Nothing happen to selling price in poultry feed, elevated selling still intact and maintain for extra profit margin

Actually, LHI major profit contributor is feedmill, stand to reap much higher profit margin from slumping raw material cost, soybean and corn cost price both have tumbling and downtrend spread till now 2024 for further down 15-20% if compared to Q4 2023

High cost and currency strength in Singapore have prompted visitor to swap to Msia Genting

added more at 1.03

bought GENM at 2.88

Ps check Jtiasa latest CPO production volume, down significant by 30% compared to current increase CPO 10% and further pressure on CPO price forward as competitor soybean/corn/sunflower oil are tumbling in global market .

bought uems at 1.04-1.05

Today also bought MFL at 65.5-66sen

Today also bought HLC at 4.36-4.37

today bought LHI at 68sen

today bought Teoseng at 2.22-2.25

GENS share weakness prompted portfolio to prematurely realize profit first

sold all today at 4.95-4.97

Thanks sslee

Do you know how much Rakutan analyst imply net gearing 26.6x for ? it mean Teoseng incur super huge borrowing 26.6x higher than its total equity RM 477m = RM 12.7 billion ...crazyyyyyy its brainless

In contrast, teoseng only mere have net borrowing RM 7.2m vs. annual profit RM 155m, simply record another quarter already turning Teoseng into NET CASH position

Rakutan analyst said Teoseng current net gearing of 26.6x in rather exorbitant !!!???

It must be joke.....Teoseng current borrowing is only RM 59.8m, vs. current cash holding RM 98.9m. Even take into account non current borrowing RM 46.3 term loan, total debt only RM 106.1m, stripping out cash, Teoseng only have net borrowing RM 7.2m, vs, total equity RM 477m

Supported by strong demand, the company plans to augment its egg production capacity by 4.5m eggs per day in FY24, thereby stimulating prospective earnings. Additionally, in response to evolving consumer preferences, Teo Seng is broadening its product portfolio to include downstream offerings such as boiled eggs and processed old hen products. These strategic initiatives are expected to yield enhanced and stable margins compared to its core products.

Despite temporary subsidies and price ceilings to persist until 1H24, egg prices, particularly for table eggs, are forecasted to remain elevated due to high production costs. Looking ahead to fiscal year 2024, with the removal of price ceilings and subsidies on eggs, management foresees egg prices adjusting to postsubsidy levels, approximately 48sen/egg from 43sen currently.

Therefore, we anticipate Teo Seng's financial performance to remain strong in the coming quarters, driven by higher egg production. We project Teo Seng’s FY22-25F core net profit to register a strong CAGR of 77%, underpinned by capacity and product range expansions in the layer farming segment, along with steady contributions from the animal health product distribution segment.

This stock currently trades at an attractive FY24F PE of 4.7x, which is below the 5-year forward average of 8x. Though the company's current net gearing of 26.6x in rather exorbitant, Teo Seng is poised to address this by pairing down its debts via its strong cash flow upon the upliftment of egg ceiling price and subsidy regulations by the Government in 2024. Meanwhile, Teo Seng offers an attractive dividend yield of 6%, assuming a 30% dividend payout ratio, with the board intending to distribute dividends ranging from 20%-50% of its PAT

Sslee bought Teoseng today ?

Lets breakout RM 5.00