1.80 is resistance, after few times try to overcome this resistance, then will be rebound.

兑新元贬至2.7521历史新高
buy this counter should not problem

today fly again

Don't worry, last few minute will pull up price. Keep and wait.

Collect first, wait for rebound coming

Good Sign, Many people queue want to buy egg.

Tomorrow open high?

Now SGD/MYR = 2.75, New high again
This month can reach 2.8 ?

Today many want to buy egg, last 20 minute from 1.77 pull up to 1.80, good sign

Now SGD/MYR = 2.74, New high

TEO SENG CAPITAL BERHAD

Date of buy back 01 Jun 2015
Description of shares purchased Ordinary shares of RM0.20 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 70,000
Minimum price paid for each share purchased ($$) 1.750
Maximum price paid for each share purchased ($$) 1.770
Total consideration paid ($$) 123,149.85
Number of shares purchased retained in treasury (units) 70,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 209,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.06971

TEO SENG CAPITAL BERHAD

Date of buy back 29 May 2015
Description of shares purchased Ordinary shares of RM0.20 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 26,000
Minimum price paid for each share purchased ($$) 1.750
Maximum price paid for each share purchased ($$) 1.770
Total consideration paid ($$) 46,252.93
Number of shares purchased retained in treasury (units) 26,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 139,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.04635

this is expanding/growth company, this counter suitable keep long period.
目前，公司将约30%的产品出口至新加坡，并在当地拥有16%的市占率。 新厂房当做经销中心，应付日益增长的新加坡需求，扩展业务。

Now SGD/MYR = 2.73, New high

Now SGD/MYR = 2.7193

Price egg increase
Gred C 27 to 28
Gred D 25 to 26
Gred E 22 to 23

Press Metal stops ops in Samalaju

Friday, 22 May 2015

PETALING JAYA: Press Metal Bhd has stopped operations at its smelter in Samalaju Industrial Park, Sarawak, after a fire on May 17.

The aluminium smelter told Bursa Malaysia that a few smelting pots were damaged.

In a statement, Press Metal said a clean-up and repairs for the pots were needed.

It aims to restart operations within a month.

While the financial impact of the fire is not finalised, Press Metal said it was adequately insured, pending the insurance company’s assessment and loss survey.

http://www.thestar.com.my/Business/Business-News/2015/05/22/Press-Metal-stops-ops-in-Samalaju/?style=biz

- We reaffirm our BUY rating on Teo Seng Capital (TSC) with an unchanged fair value of RM2.70/share. This is based on an unchanged fully-diluted FY15F PE of 13x.

- TSC reported revenue of RM112.6mil and net profit of RM17.4mil for its 1QFY15. The results met 25% of our full-year FY15F earnings estimate of RM70mil.

- The group’s 1QFY15 earnings had surged by a commendable 70% YoY on the back of a 30% rise in revenue. The improved performance can be mainly attributed to the availability of new production capacity following the addition of a new farm (~400,000 eggs/day) at end-FY14 as well as higher egg selling prices.

- Sequentially, TSC’s net profit had slipped by 3% although its revenue had increased by 4% (in tandem with the higher sales volume and stable ASP). We are however, not too concerned as the decline was mainly due to 1QFY15’s higher tax rate. As it is, TSC’s PBT was higher by 8% QoQ.

- As usual, no dividends were announced this quarter. At the current price, our FY15F-FY17F gross DPS forecasts (based on payout ratios of 25%-35%) translate into attractive yields of 3% to 5%.

- Looking ahead, we expect TSC to register sequentially softer earnings in 2QFY15 due to the seasonality effect and to a smaller extent, the impact of GST on overall consumer sentiment. That said, we are confident of its earnings picking up in 2HFY15 (as per its historical trend) in view of strong demand during the festive periods (e.g. Hari Raya and Deepavali) and addition of a new farm.

- We also expect the group’s EBITDA margins to continue expanding (QoQ: +1ppts; YoY: +5ppts), buoyed in part by the soft commodity prices. According to the USDA, ending global inventory of soybean is forecast to rise by 12.5% from 2014/2015F to 2015F/2016F, underpinned by higher carry-over inventory from the US and Brazil while that of corn is set to grow by 11%.

- Additionally, the group is set to reap potential savings from its various cost management activities beginning FY15F. We understand that its biogas plant-ups are progressing well, with the first (of five) plant on schedule for completion this year (savings of up to RM2mil p.a.). The construction of its new feedmill plant and installation of new paper tray machine are also going on as planned.

- We are leaving our FY15F-FY17F earnings estimates unchanged for now. Valuation-wise, the stock is presently trading at an undemanding fully-diluted forward PE of only 9x - half the sector’s average of 18x.

Source: AmeSecurities Research - 19 May 2015

http://klse.i3investor.com/servlets/ptres/30091.jsp

Tomorrow is T3

Teo Seng to buy Singapore factory for RM26.4m to further expand its biz there

By Sulhi Azman / theedgemarkets.com | April 24, 2015 : 8:39 PM MYT
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KUALA LUMPUR (Apr 24): Teo Seng Capital Bhd ( Financial Dashboard)'s wholly-owned subsidiary Premium Egg Products Pte Ltd (PEPP) is acquiring entire interest in loss-making BH Fresh Food Pte Ltd (BHFF) for S$9.8 million (RM26.4 million) cash, which owns a factory with cold, freezer and chiller rooms in Singapore.

In a filing with Bursa Malaysia today, Teo Seng (fundamental: 1.9; valuation: 2.1) said Singapore-based BHFF is involved in production, processing, preserving and wholesaling of meat and meat-related products. It currently uses the Singapore factory as a central kitchen to produce ready-to-eat products for hotel and restaurants as well as retailing in its Mmmm! chain of specialty shops.

PEPP today signed a conditional sale and purchase agreement with Oceantrade Foods Pte Ltd (57.86%) and three Singaporeans – Loi Teck Heng (33.57%), Low Sook Cheng (1.43%) and Lee Yee Gee (7.14%) – (collectively known as vendors) to acquire their respective interest in BHFF.

PEPP also signed a conditional agreement with the vendors to dispose of the business and certain assets of BHFF, on an “as is where is” basis, to L M Meat Pte Ltd for S$1.8 million (RM4.85 million) cash.

Teo Seng said the proposed acquisition and disposal are inter-conditional upon each other and shall be completed concurrently. The proposals are expected to be completed during the financial year ending Dec 31, 2015.

"The proposals essentially involve the acquisition by Teo Seng Group, via PEPP, of the property to further expand its business operations in Singapore," said Teo Seng.

It added that the purchase of BHFF will be partly set-off against the proceeds from the proposed disposal. The balance will be funded via internal funds and/or bank borrowings.

Teo Seng said the proposals are in line with the group’s plan to expand its marketing network and customer base overseas. It has been operating in the Singapore market for 10 years.

"The proposals enable the group to expand its business operations by acquiring the property as a distribution centre to cater for the increasing demand for Teo Seng Group’s products in Singapore. It is the intention of the group to focus on its core business in Singapore which is trading or distributing of fresh shell eggs," it added.

For the financial year ended Dec 31, 2014, BHFF recorded a net loss of S$54,000 (RM1.45 million) with an unaudited net assets of S$70,000 (RM1.89 million).

Teo Seng shares closed 1.5% lower at RM1.97 today, giving it a market capitalisation of RM591 million.

Sin Chew newspaper hide something, do not mention cost bear by government. Seem like MYEG services is FOC.