hng33

hng33 | Joined since 2013-01-11

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19 minutes ago | Report Abuse

CAB, CCK and MFlour also due to perform

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20 minutes ago | Report Abuse

CAB, CCK and MFlour also due to perform

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1 hour ago | Report Abuse

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

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1 hour ago | Report Abuse

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

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1 hour ago | Report Abuse

Sslee
Sarawak plantation just release result, may give you some sign on upcoming Jtiasa result since both operations solely in Sarawak.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3424225

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4 hours ago | Report Abuse

Agong must eagerly wan to make JOHOR shine through fed gov support to fully develop Johor and HSR is the prime KEY project for Agong

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4 hours ago | Report Abuse

LHI and Teoseng now are portfolio top 2 largest holding.

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4 hours ago | Report Abuse

added all balance to LHI at 73sen

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4 hours ago | Report Abuse

Agong first speech in Parliament, may reaffirm gov commitment over HSR

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1 day ago | Report Abuse

LHI IPO price is RM 1.08. With many year since IPO in 2019 upgrading production volume and expanding Msia, viet, Indonesia, Philippines market
share, LHI definitely deserve higher value than its IPO price


LHI derive yearly revenue multi billion, with lower raw feed cost now, it is matter of time to improve profit margin, even slight improvement will translate directly to increase net profit in multi million straight.

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1 day ago | Report Abuse

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

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1 day ago | Report Abuse

Tesoseng able to sustain profit margin

1. Feedmill cost lower
2. Bulk purchase raw feed soybean and corn with it holding LHI
3. Expand export market particularly singapore for better margin
4. Increase egg production by expanding further layer farm.. Egg production to increase by 12.5% from 4 million/day to 4.6million/day in 2024
5. Additonal install solar power rooftop by additional 10 farm site to further reduce electricity cost
6. Increase downstream egg by process boil egg for commerial use in hawker, restortran, hotel etc
7. Further process old hen by selling to market to extract more value on top of egg production
8. Newly set up 3 logistic hub in johor, penang, kuatan and use own feet van to better market product direct to end user to cut middle man commission cost.
9. Continue upgrade, refurbish layer farm into automated closed system to enhance egg production efficiency and reduce Labour cost.
10. Continue expanding its poultry health product which is second largest source of TEOSENG profit division

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1 day ago | Report Abuse

There are many excuse to sustain current elevated price despite feedmill cost ease.

1. Electricity traffic hike
2. Water traffic hike
3. Upgrade cost from open to Closed farm
4. Labour cost
5. Weak currency
6. Day old Chick cost
7. Upcoming petrol fuel hike
8. SST hike from 6% to 8%
9. New logistics SST
10. Demand continue elevated as egg and chicken is still cheapest than other alternative.

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1 day ago | Report Abuse

Current egg subsidy if discontinued, it will hike by another 7sen to 8sen per egg.

These is similar to chicken, after discountinue subsidy,. Chicken price per kg increase from RM 9.40 to now RM 11.5 kg. In the market, some may find chicken in some mall offer much lower price per kg, these is actually hen, which is old hen phase out by layer farm after too old to lay further egg in layer farm.

Broiler chichen fetch at least RM11.5/kg vs. hen chicken is much lower. TEOSENG have start downstream business by selling its old hen to market to extract more value on top of harvest egg production

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2 days ago | Report Abuse

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

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2 days ago | Report Abuse

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

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2 days ago | Report Abuse

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.

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2 days ago | Report Abuse

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

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3 days ago | Report Abuse

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

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3 days ago | Report Abuse

added more at 1.03

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3 days ago | Report Abuse

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 .

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3 days ago | Report Abuse

bought uems at 1.04-1.05

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3 days ago | Report Abuse

Today also bought MFL at 65.5-66sen

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3 days ago | Report Abuse

Today also bought HLC at 4.36-4.37

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3 days ago | Report Abuse

Sslee
You may look too exorbitant for egg producer to reap high profit margin now. But, if look past historical, many egg producer were suffering thin margin and even record loss consecutively for many year, eroding their balance sheet badly. It is only very recently profit margin return back, at least can compensate their balance sheet to more healthy level. Many of small scale egg and chicken producer are actually quit, surrender their loss in last few year. Only big volume producer survive and manage now enjoy bigger market share and margin forward

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3 days ago | Report Abuse

Sslee
Ps check retail market or supermarket, TEOSENG brand egg happy egg/leutin omega egg are the Cheapest selling price among all egg brand. Nutriplus by LAYHONG, LTK by LTKM, QL egg are listed egg competitor selling their egg at higher than TEOSENG egg by rang 5% to 10%.

You may wonder why TEOSENG despite selling egg at lower but still command better profit margin?

The main reason are
1. Automated which reduce labour cost
2. Solar rooftop, reduce electricity cost by 30%
3. Export 25% egg mainly to singapore which command higher margin and exchange rate
4. Bulk purchase feed stock, soybean, corn, and process own feedmill, integrate with holding LHI for economic of scale.
5. Increasing egg production volume yearly with target to further increase 12.5% egg volume by 2024.

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3 days ago | Report Abuse

today bought LHI at 68sen

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3 days ago | Report Abuse

today bought Teoseng at 2.22-2.25

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3 days ago | Report Abuse

GENS share weakness prompted portfolio to prematurely realize profit first

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3 days ago | Report Abuse

sold all today at 4.95-4.97

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3 days ago | Report Abuse

Teoseng target to increase further egg production volume by 12.5% these year. Therefore, higher production + reduction in feed cost will further boots up teoseng even higher. Will tuning into net cash position in next Q and dividend payout should be more generous to higher range of 20-50%

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3 days ago | Report Abuse

Sslee
both Soybean and corn are major feedstocks, both price have tumbling 20% for corn and 15% for soybean since 2024 if compared to Q42023. However these reduction in feedstock cost is partly offset by weaken in RM by 4-5% now

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4 days ago | Report Abuse

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

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5 days ago | Report Abuse

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

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5 days ago | Report Abuse

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

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5 days ago | Report Abuse

Sslee bought Teoseng today ?

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5 days ago | Report Abuse

Lets breakout RM 5.00

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1 week ago | Report Abuse

TA chart show sign of cup and handle formation, bullish breakout is imminent next week

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1 week ago | Report Abuse

Last drop of capital and margin line all also fully invested in genting today.

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1 week ago | Report Abuse

added more genting at 4.83-4.84

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1 week ago | Report Abuse

Usd = RM 4.78
Sgd = RM 3.54
Pounds = RM 6.03

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2 weeks ago | Report Abuse

May Dragon is genting golden year, bring all prosperity, double up value.... Heng Ong Huat

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2 weeks ago | Report Abuse

Factual is GENTING continue to reap higher earning from strengthen foreign currency everyday

USD = RM 4.77
Sgd = RM 3.55
Pound = RM 6.02

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2 weeks ago | Report Abuse

bought back jtiasa at 1.13