Posted by Trianon > 2 months ago | Report Abuse

Different place, different story. ha

https://www.malaymail.com/news/malaysia/2024/06/21/drop-in-eggs-prices-not-felt-much-by-kuching-consumers-grocery-store-owners-clueless/140764

Posted by Trianon > 2 months ago | Report Abuse

Reductions to retail prices for Grade A, B, and C chicken eggs to 42 sen, 40 sen and 38 sen per egg respectively, effective from June 17.

https://www.thestar.com.my/news/nation/2024/06/26/no-cracks-in-egg-sale-under-new-ceiling-price

Posted by harvest6138 > 2 months ago | Report Abuse

corn future show downtrend , should be good news for poultry farm .. hope to see this reflect in coming QR ..

Posted by Trianon > 2 months ago | Report Abuse

We will find out next month 🤓

Posted by Simonalibaba > 2 months ago | Report Abuse

风吹草动

Posted by Trianon > 2 months ago | Report Abuse

Not Malaysia...? Our neighbour ... 😐

https://tuoitrenews.vn/news/business/20240714/singapore-seeks-to-import-meat-eggs-from-vietnam/80941.html

Posted by Xinzer2000 > 2 months ago | Report Abuse

Vol increased since last Friday. Price going to shoot up?

Posted by cchin > 2 months ago | Report Abuse

break 2.00 soon

Posted by troy88 > 2 months ago | Report Abuse

Sleepy egg head bangun already?

Posted by stncws > 2 months ago | Report Abuse

Qr play now until 15/8..can be winner

Posted by Trianon > 2 months ago | Report Abuse

above RM2 before its QR is out 😀

Posted by harvest6138 > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/announcements/view/7434097

Company shall use this money for the repayment of bank borrowing according to Nov 23 announcement , so we shall see the debt further reduce in Q3 24 , Teo Seng shall become the net cash company soon if they can maintain the current EPS ...

Posted by Simonalibaba > 1 month ago | Report Abuse

InvestPro fair value 2.75 with health score of 3.94 from 1-5. Which is excellent performance.

Posted by Simonalibaba > 1 month ago | Report Abuse

Something is brewing

Posted by Trianon > 1 month ago | Report Abuse

lol. What is AI eggs ? Eggs that will respond to you, talk to you ? 😆

Posted by Trianon > 1 month ago | Report Abuse

Did HLIB buy call egg stocks ?

Posted by JacNgu > 1 month ago | Report Abuse

yes. all rotten eggs. check out focusp, fajar, mnhldg, aeon. sense anything wrong?

Posted by harvest6138 > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1369501/an-egg-cellent-year-boosted-by-improved-prices-subsidies

report from The Edge .. the corn price is still low compare to last year , hence the profitability of company should be intact if no impairment need to be settled ..

Posted by mf > 1 month ago | Report Abuse

BREAKING
Japan stocks plunge 7%, extending last week’s rout; other Asia-Pacific markets also fall

Posted by Trianon > 1 month ago | Report Abuse

Nice pun. "egg"cellent 😄

Posted by markgold > 1 month ago | Report Abuse

The share price can withstand this bad moment show that Teo Seng shareholders are genuine long term investors.

Posted by cchin > 1 month ago | Report Abuse

break 2.00 soon

Posted by Trianon > 1 month ago | Report Abuse

Good news for poultry stocks

https://theedgemalaysia.com/node/720884

Posted by Trianon > 1 month ago | Report Abuse

Then only an egg-bition for wanting it to break RM2 ?

Posted by Trianon > 1 month ago | Report Abuse

I think we are egg-titled to wait it breaking RM2 😁

Posted by gick891214 > 1 month ago | Report Abuse

When the report will out ?

Posted by Trianon > 1 month ago | Report Abuse

@fruitcake. Nice, that's egg-cellent 👍

Posted by harvest6138 > 4 weeks ago | Report Abuse

Company only received 900k of subsidy this quarter and they received 9.7mil subsidy last quarter , why ?? I saw another news , the farmers claimed that they did not receive any subsidy from government in past few months ..
However , based on this QR , company managed to earn 26mil without much subsidy and EPS is 8.8sens , that means management is doing a good job here

Posted by harvest6138 > 4 weeks ago | Report Abuse

Company should share how much outstanding subsidy they suppose to receive from government and what is the plan to collect what they deserve ..

Posted by commonsense > 4 weeks ago | Report Abuse

Hi harvest,

Govt normally pays a big chunk of the subsidy at the end of the year. Last year Teoseng received more than 70% of its subsidy payment in 2H23 and around 50% of the total subsidy alone was paid only in 4Q23. I think it should be the same for this year as well.

On how much of the subsidy outstanding for the company, I think it's safe to assume that the amount will be at least the same level as FY23 given that the revenue for the Poultry Farming division is higher in 1H24 vs 1H23 (assuming this trend continue in 2H). Last year total subsidy received was RM 105mil. Hopefully the govt will pay the amount in the second half of the year.

Posted by harvest6138 > 4 weeks ago | Report Abuse

Hi Commonsense , if the subsidy they suppose to receive is RM105m , then next QR shall be interesting as they also will realize the one of gain (26mil if not wrong) from the sale of Singapore factory , if we add up all , next QR profit will be amazing ...

Posted by fruitcake > 4 weeks ago | Report Abuse

is that not right? snakes in the farm house😂😂

Posted by fruitcake > 4 weeks ago | Report Abuse

dont really believe proper & honest businessman can con investors from the stock market

Posted by fruitcake > 4 weeks ago | Report Abuse

it's terukseng 😂😂😂

Posted by harvest6138 > 4 weeks ago | Report Abuse

https://www.sinchew.com.my/?p=5774545

Based on this news on 20th July , most of the egg farmers did not receive any subsidy since Jan ..

Posted by harvest6138 > 4 weeks ago | Report Abuse

Since the corn price trending down and Ringgit start appreciating , now should be the good time for government to lift the control of egg price and let the market decide the price of egg and save the subsidy for other usage ..

Posted by hng33 > 4 weeks ago | Report Abuse

The reduction in egg control price as announced on 17 June 2024 shall impact product margin whilst the recent strengthening of the Ringgit shall ease production costs

Posted by Trianon > 3 weeks ago | Report Abuse

@harvest6138. At Sarawak only ,it looks like

Posted by harvest6138 > 3 weeks ago | Report Abuse

@Trianon , TCS daily production is 4mil egg per day , and subsidy is 10 send per egg . Some of their egg exported to Singapore and partial of it are Oemga egg which is not entitled for subsidy , however if we take 50% , also means 200k per day , which translate to 18 mil per quarter , and they only received 0.9 mil .. last q they only received 9.7mil , our government owed them at least 26 mil …

Posted by harvest6138 > 3 weeks ago | Report Abuse

The fact is they received 105mil from government last year , so far they only received less than 11mil in half year time …

Posted by harvest6138 > 3 weeks ago | Report Abuse

According to Layhong latest QR , the profit drop was due to " higher input cost resulted from the delay in receipt of egg subsidy from the government" ... hence , seems like Teoseng also facing the same problem ..lets see if the same trend on LHI and QL ...
subsidy from the government.

Posted by Simonalibaba > 3 weeks ago | Report Abuse

Thanks Harvest for the comments. We will harvest it soon.

Posted by Trianon > 3 weeks ago | Report Abuse

It's egg-celerating again

Posted by Trianon > 2 weeks ago | Report Abuse

Drinking egg-presso and watching the market fluctuates

Posted by katara > 1 week ago | Report Abuse

good eggs producer with high roe n low pe

Posted by katara > 1 week ago | Report Abuse

n div is increasing..

Posted by katara > 1 week ago | Report Abuse

teoseng's day coming after cck ..

Posted by Trianon > 1 week ago | Report Abuse

True, Teo Seng is very egg-cellent in terms of fundamentals

Posted by harvest6138 > 5 days ago | Report Abuse

The big share holder disposed 3mil share on 12th , but the open market transaction was only 600k that day , that means this could be off market transaction , anybody has the details ??

Posted by BornToSpeculate > 4 days ago | Report Abuse

If a company is the market leader, low P/E, negligible debt, high cash and paying reasonable dividends, whats there to worry. Even if US market crash tomorrow, how much u think this can drop. Current PE is 3.5x, forward PE is 2.5-3x and will have an even bigger cash reserve then