This news only reflect results for Q4. But this news is actually good news for TeoSeng in long run. Because smaller farms will be closing due to problem with cashflow. Egg price and sales will increase for them with less competition then. That is what happened in China during MCO where smaller factories all close down. Now the large manufacturers have too much orders with much higher margins because of less players in the market.
previously this counter is flying high, but due to covid it is not flying high.. worse could be over, economy already reopen, it could move higher now....
Egg Price stand at RM 0.24 (Sept) & RM 0.22 (Oct), and increase to RM 0.27-0.28 since second half of November. Expect demand of egg will increase due to high demand during X-mas & CNY.
New IPO: Carlo Rino Group Berhad, a leading fashion retailer of women’s handbags, footwear, and accessories, aims to list on the ACE Market!
MQ Trader 123 views | 22 h ago
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New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 232 views | 1 d ago
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New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
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New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
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....
bose00
1,081 posts
Posted by bose00 > 2020-08-14 13:46 | Report Abuse
Do first bite today.. value has emerged