PublicInvest Research analyst Chong Hoe Leong says the business is subject to volatility in terms of egg prices as well as commodity prices to a certain extent as the bulk of the companies’ cost comprises the price of feed for the chickens.
“Just because poultry companies have been doing well this quarter, it does not mean they will do well in the next. It all depends on the demand for eggs, which then affects prices. It is cyclical,” he says on the subsector’s cheap valuations.
Teo Seng Capital Bhd’s net profit has jumped 2.6 times to RM18.05 million or 6.02 sen per share for the third quarter ended Sept 30, 2019 (3QFY19), against RM7.02 million or 2.34 sen per share a year earlier, on higher revenue from its poultry farming business.
Quarterly revenue grew 10.47% to RM138.38 million, from RM125.26 million, according to its filing with Bursa Malaysia today.
Finally TeoSeng make wise decision buy back more shares. Lhi seller wil bang on TeoSeng soon. Sell 1% Lhi share can buy Teoseng 10%. Hold 19PE Lhi are stupid investors.
Buy all Teoseng warranty 1 cent convert at 1.35 and own big block of Teoseng 50,000,000 shares. Better than buy from open market. Low cost, save time and safe.
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....
mk00001
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Posted by mk00001 > 2019-11-14 15:28 | Report Abuse
PublicInvest Research analyst Chong Hoe Leong says the business is subject to volatility in terms of egg prices as well as commodity prices to a certain extent as the bulk of the companies’ cost comprises the price of feed for the chickens.
“Just because poultry companies have been doing well this quarter, it does not mean they will do well in the next. It all depends on the demand for eggs, which then affects prices. It is cyclical,” he says on the subsector’s cheap valuations.