TEO SENG CAPITAL BHD

KLSE (MYR): TEOSENG (7252)

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Last Price

1.10

Today's Change

0.00 (0.00%)

Day's Change

1.09 - 1.12

Trading Volume

1,178,900

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 753,801 765,208 760,982 651,967 530,140 478,280 547,102 490,285 424,209 433,712 412,889 380,933 7.98%
PBT 167,573 200,691 162,654 29,310 4,805 10,787 77,421 41,243 4,196 29,539 50,720 66,351 10.46%
Tax -9,629 -15,346 -6,851 -7,671 -1,805 -6,589 -18,580 -10,880 -742 -5,990 -9,622 -17,559 -9.92%
NP 157,944 185,345 155,803 21,639 3,000 4,198 58,841 30,363 3,454 23,549 41,098 48,792 13.76%
-
NP to SH 157,946 185,347 155,803 21,639 3,000 4,198 58,841 30,363 3,454 23,549 40,993 48,620 13.80%
-
Tax Rate 5.75% 7.65% 4.21% 26.17% 37.57% 61.08% 24.00% 26.38% 17.68% 20.28% 18.97% 26.46% -
Total Cost 595,857 579,863 605,179 630,328 527,140 474,082 488,261 459,922 420,755 410,163 371,791 332,141 6.88%
-
Net Worth 568,486 568,486 478,137 334,990 311,482 308,543 305,597 278,752 254,823 251,825 197,862 158,000 13.08%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 37,700 28,167 14,666 - - - 17,630 8,992 - 4,496 7,494 20,000 -3.38%
Div Payout % 23.87% 15.20% 9.41% - - - 29.96% 29.62% - 19.10% 18.28% 41.14% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 568,486 568,486 478,137 334,990 311,482 308,543 305,597 278,752 254,823 251,825 197,862 158,000 13.08%
NOSH 300,008 300,008 300,008 300,008 300,008 300,008 300,001 299,733 300,001 300,001 300,001 200,000 4.60%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 20.95% 24.22% 20.47% 3.32% 0.57% 0.88% 10.76% 6.19% 0.81% 5.43% 9.95% 12.81% -
ROE 27.78% 32.60% 32.59% 6.46% 0.96% 1.36% 19.25% 10.89% 1.36% 9.35% 20.72% 30.77% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 253.26 257.09 259.42 221.87 180.41 162.76 186.19 163.57 141.50 144.67 137.73 190.47 3.49%
EPS 53.32 62.27 53.07 7.36 1.02 1.43 20.02 10.13 1.15 7.86 14.04 24.31 9.05%
DPS 12.67 9.50 5.00 0.00 0.00 0.00 6.00 3.00 0.00 1.50 2.50 10.00 -7.40%
NAPS 1.91 1.91 1.63 1.14 1.06 1.05 1.04 0.93 0.85 0.84 0.66 0.79 8.37%
Adjusted Per Share Value based on latest NOSH - 300,008
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 125.63 127.53 126.83 108.66 88.35 79.71 91.18 81.71 70.70 72.28 68.81 63.49 7.98%
EPS 26.32 30.89 25.97 3.61 0.50 0.70 9.81 5.06 0.58 3.92 6.83 8.10 13.81%
DPS 6.28 4.69 2.44 0.00 0.00 0.00 2.94 1.50 0.00 0.75 1.25 3.33 -3.39%
NAPS 0.9475 0.9475 0.7969 0.5583 0.5191 0.5142 0.5093 0.4646 0.4247 0.4197 0.3298 0.2633 13.08%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 30/09/24 30/09/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 2.32 2.32 1.60 0.745 0.74 0.885 1.29 0.965 1.00 1.15 1.51 1.82 -
P/RPS 0.92 0.90 0.62 0.34 0.41 0.54 0.69 0.59 0.71 0.79 1.10 0.96 -4.73%
P/EPS 4.37 3.73 3.01 10.12 72.48 61.95 6.44 9.53 86.80 14.64 11.04 7.49 -9.62%
EY 22.87 26.84 33.20 9.88 1.38 1.61 15.52 10.50 1.15 6.83 9.06 13.36 10.63%
DY 5.46 4.09 3.13 0.00 0.00 0.00 4.65 3.11 0.00 1.30 1.66 5.49 -6.04%
P/NAPS 1.21 1.21 0.98 0.65 0.70 0.84 1.24 1.04 1.18 1.37 2.29 2.30 -9.03%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 14/11/24 14/11/24 20/02/24 21/02/23 16/02/22 09/02/21 13/02/20 20/02/19 27/02/18 24/02/17 22/02/16 24/02/15 -
Price 2.53 2.53 2.30 0.79 0.80 0.80 1.15 1.32 0.99 1.13 1.35 1.59 -
P/RPS 1.00 0.98 0.89 0.36 0.44 0.49 0.62 0.81 0.70 0.78 0.98 0.83 0.77%
P/EPS 4.77 4.06 4.33 10.73 78.36 56.00 5.74 13.03 85.93 14.39 9.87 6.54 -4.47%
EY 20.98 24.61 23.09 9.32 1.28 1.79 17.41 7.67 1.16 6.95 10.13 15.29 4.68%
DY 5.01 3.75 2.17 0.00 0.00 0.00 5.22 2.27 0.00 1.33 1.85 6.29 -11.14%
P/NAPS 1.32 1.32 1.41 0.69 0.75 0.76 1.11 1.42 1.16 1.35 2.05 2.01 -3.86%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
7 people like this. Showing 50 of 6,276 comments

BornToSpeculate

For so many reasons. Teo Seng is no 1 producer, most efficient. Highest margin. Cash rich. Related to LHI.

2 months ago

harvest6138

We should see one off 26mil gain (sold Singapore asset ) as well .. If government paid all the subsidy on time , teh next QR profit may be is another record high again with all these income ...

2 months ago

TSN001

If i am not mistaken, Singapore asset was sold at almost book value, so no disposal gain.

2 months ago

harvest6138

The Disposal Consideration is expected to be used by Teo Seng and/or its subsidiaries
(“Teo Seng Group”) for repayment of bank borrowings and/or working capital.

Management invested this asset in 2015 , and the currency is 1 to 2.69 at that time , even they sold at book value , should see some cash return based on currency and depreciated value in past 9 years.. that shall make their cash position stronger that before ..

2 months ago

cchin

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-09-27-story-h470078242-Stock_on_Radar_Teo_Seng_Capital_TEO_SENG

2 months ago

Trianon

Teo Seng continues to egg-celerating 🚅

2 months ago

klee

Poultry stocks flying to the moon.
RM3 for teoseng is fair n reasonable.

2 months ago

Simonalibaba

Teoseng fair value 3.03

2 months ago

LubeTrader

@Simonalibaba, how do you derive at this value? You better not pluck from the sky lo....haha

2 months ago

Trianon

That's is egg (ache) -ing 🤕

2 months ago

hng33

https://www.thestar.com.my/news/nation/2024/10/09/govt-considers-ending-chicken-egg-subsidy-says-mat-sabu

2 months ago

LubeTrader

Good news for egg producers in the long run but the brekky roti telur price will go up for sure

2 months ago

stncws

Later bomb shell coming...

2 months ago

hng33

The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended

2 months ago

stncws

Suppoelrt rm2.20

2 months ago

hng33

The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share

2 months ago

harvest6138

Based on Q2 result, Teoseng still can make EPS 8sens without the subsidy (they receive 900k of subsidy in Q2 only , that is insignificant )..

2 months ago

hng33

The problem is other egg producers will compete aggressively with teoseng, as without gov subsidy other egg producer need greater promotion to fight market share and their profit.

Therefore, once gov end egg subsidy, active competition among egg producer will increase instead of current more passive competition due to gov subsidy support

2 months ago

hng33

The subsidy for chicken was terminated on Nov 1 last year, following which, the supply and price of chicken became more stable.

"When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar.

Alhamdulillah, after the subsidy was terminated, the price of chicken no longer soared, and more importantly, the country benefited by saving RM100mil a month," he said – Bernama

Chicken price before subsidy cut amd ceilings price cap is RM 9.40/kg

After gov remove ceilings price and end chicken subsidy, market selling for chicken now at around RM 8/kg. Main chicken stock listed in bursa are CAB, CCK and Mflour (dinding)

2 months ago

cchin

Mixed reactions. Long awaited subsidy removal. Long term good prospect for Teo Seng

2 months ago

LubeTrader

In 2022, Malaysia exported $154M in Eggs. The main destinations of Malaysia exports on Eggs were Singapore ($138M), Hong Kong ($6.73M), Brunei ($3.24M), Maldives ($2.04M), and Timor-Leste ($1.5M).

2 months ago

Trianon

awesome, Teoseng is still egg-celerating regardless subsidy cancellation

2 months ago

katara

Given the economies of scale and its integrated business model, Chew(Lhi CFO) believes Lhi and its subsidiary Teoseng will be well shielded from any adverse effects (removal of subsidy for chicken eggs). --The Edge 14.10.2024

2 months ago

katara

no news of removal in budget 2025 is good news for chicken eggs

1 month ago

LubeTrader

Congrats to all holders unfazed by the news of the subsidy removal. Those with the gumption to buy in on the sell-off on that fateful day is laughing all the way to the bank today.

1 month ago

LubeTrader

Teo Seng Capital (TSCB MK, NOT RATED, FV: MYR4.26)
“Egg-ceptional” Value, Golden Yields Ahead
Trading Idea

♦️ MYR4.26 FV based on 7.5x FY25F P/E. Teo Seng Capital is well-positioned to sustain strong earnings through cost efficiencies and steady demand driven by population growth and tourism. Benefiting from favourable market conditions ie strengthening MYR and lower feed costs, its resilient performance is further supported by its planned distribution centre in Pahang, which will bolster supply chain efficiency for its top mini-market chain client. With attractive dividend yields of 10.3% (annualised) and 7.2% for 2H24F and FY25F, TSCB should be rerated from its low 4.2x FY25F P/E.

♦️ Link to report: https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18

1 month ago

Simonalibaba

https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18

1 month ago

Simonalibaba

I am also too lazy to speak about it Already. Just enjoy the reaping own self and dance own self , shock sendiri cukup

1 month ago

Simonalibaba

3.5 already syok until cannot speak

1 month ago

BornToSpeculate

@simonalibaba long time no see bro. your still here. i thought u sold off earlier

1 month ago

cchin

TEO SENG CAPITAL BERHAD ("TSCB" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF 300,008,175 NEW ORDINARY SHARES IN TSCB ("TSCB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TSCB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE")

1 month ago

katara

Ts last bonus issue was Jan2015 1:2

1 month ago

Abba84

Eggs dropped, despite bonus! 🧐 Y?

1 month ago

katara

buy

1 month ago

cchin

heading to 3.00 before Q3 report announcement in Nov

1 month ago

katara

above 3 b4 bonus issue ex ..

1 month ago

Trianon

very very egg-cellent price movement and expect q3 report will be egg-cellent too 😀

1 month ago

katara

this QR is going to be v good

1 month ago

katara

the last QR/Q4 will be very good too

1 month ago

TSN001

What a big disappointment!! good results, good dividend, good prospects, but......

1 month ago

troy88

Bursa is a joke of a pump and dump market.

1 month ago

katara

just keep ..

1 month ago

markgold

What is the relationship of this Malay girl with Teo Seng ??? Is she eat Teo Seng eggs every day ???

1 month ago

StarOfTheBull

Bigger dividend is needed to boost the share price. Another benefit is to avoid that 2% dividend tax next year. See Lysaght, MSC and Kossan.

1 month ago

markgold

If Teo seng is in IT industry, the share price easily above RM5.00

1 month ago

Trianon

If Teo Seng expanded into plantation field before, it would be RM5 now. ha

1 month ago

markgold

Lack of big investors, the share price drop bit by bit.

4 weeks ago

katara

bonus 1:1 11.12.2024 ex

2 weeks ago

Trianon

One more week to buy in order to entitle the free shares 🏃

2 weeks ago

Trianon

Yummy, got free shares today 😋

6 days ago

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