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 ..
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 ..
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.
To me Serbadk is game over. TSCB still have plenty of prospect. That's how I see it. Every consolidation is a buying opportunity. Every time a farm affected by avian flu is a buying opportunity.
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 ..
subsidy is sure win for TS, raw material cost expected to be lower vs 2023 due to ample supply from good harvest of major crops in major producing countries. corn (50% of feed cost) price is highly correlated with oil prices where both tend to move in same direction. but because of weak growth(demand) every where, oil won't be surging anytime soon, furthermore both iran and israel seems to have no appetite to escalate the war.
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
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 ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nelsonlim
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Posted by nelsonlim > 1 month ago | Report Abuse
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