TecGuan coming QR should be good as evidenced by so many palm oil companies earlier released their respective results. Those with holding power to keep their holdings for long term will be richly rewarded.
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All waterfish why buy this Ah Beng counter? 1. Never paid dividend 2. No growth 3. All profits charged to abang-adik company but reported only RM1-2m profit 4. Use waterfish money to enrich themselves.
If TecGuan board of Directors is to declare a dividend for FY ended 31/1/2022, there is a possibility of market price to rise to RM2.00. For many many years, TecGuan did not pay dividend at all. With profits keep on increasing due to higher CPO prices, along with larger palm estates newly acquired, I strongly believe it is only a matter of time, the Board will pay dividend in order to boast its price.
markgold, replanting and expanding plantation landbank is extremely expensive. teck guan does not earn the billions like sime darby plantation, ioi and klk. it's understandable in this case if no dividend is paid as long as profits are rising.
It seemed to me that insiders are buying Tecguan. Some thing positive might be forth coming judging from the quantities traded since QR released. With good CPO price trading since last year, I am quite sure coming QR results will also be good.
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description
PRODUCTION FOR FEBRUARY 2022
Pursuant to paragraph 9.36 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Teck Guan Perdana Berhad is pleased to announce the production figures of the Group for February 2022 as follows: PRODUCTS PRODUCTION AMOUNT (Metric Tonnes) Fresh Fruit Bunches (FFB) 884 Crude Palm Kernel Oil (CPKO) 2,987 Palm Kernel Expeller (PKE) 3,274
This announcement is dated 30 March 2022
If you look into their monthly production figures you should know their FFB production is very small. The last quarter profit is from their Palm Kernal crushing plant. Teck guan buy kernal from palm oil mail and crush the palm kernal into CPKO and PKE for selling
riddle, if u are walking down the rroad and u see koon yew yin , andy hall and a snake, who would you whack first. i would let the snake go. this old man promotr tec guan and one he has taken profit he says the opposite. he did this with dayang and many other counters. when will he go to tong san
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