Director keeps buying back the share , hope good news coming in soon ..

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

Hope Inta win more contracts, that would be the best catalyst for price hike ...

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 ..

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 ...

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 ??

I think 0.25sens means 0.0025 ...I saw the IB report , all the new rate will start this Q , it means , next QR will be better than current one .. lets see if any IB report later on ..

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.

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

@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 …

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 ..

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 ..

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 ...

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

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

Perdana just released record breaking QR , market will realize the potential of O&G counter soon ..

Keyfield just released amazing QR , this could be a good sign for most of the O&G counters as this could be one of the most profitable segment now in Bursa , lets see ..

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 ..

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 ...

https://www.klsescreener.com/v2/news/view/1361515/%E8%AF%84%E8%AE%BA-%E9%82%A6%E4%BD%A0%E9%80%89%E8%82%A1-%E7%AA%81%E7%A0%B41998%E5%B9%B4%E4%BB%A5%E6%9D%A5%E6%9C%80%E5%BC%BA%E9%98%BB%E5%8A%9B-%E6%98%9F%E8%BE%B0%E5%BB%BA%E7%AD%91%E7%BB%BD%E6%94%BE%E5%85%89%E8%8A%92

according to the Fajar's facebook , they are venturing into new business segment , they shall release the details soon , anybody know what is that ??

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

Share price will up again once company secure more contracts ... just need to wait ..

https://www.thestar.com.my/news/nation/2024/06/09/stable-supply-of-eggs-now#:~:text=When%20tabling%20Budget%202024%20last,were%20below%20the%20ceiling%20price.

Government should have announcement soon according to this report ...

https://www.offshore-mag.com/production/article/55038881/valeura-progressing-drilling-operations-offshore-thailand

The new MOPU already in place and ready for the drilling according to this news release , just wonder when the company can start billing the Valeura , if need to wait for the first oil then could be in July to Sept ...

Without the subsidy , the profit should be around 100m/year if the corn price remain low as expected , last year they receive 100m subsidy from government , that means the annual profit should be around 150 to 200m depends on subsidy policy which suppose to be expired in June 2024 .. hope management give more dividend /free shares later ..

the TS share price start dropping since LHI released the QR , may be a good QR from LHI can help to boost the confidence on this segment .. anyway , the government policy shall be another crucial factor , if government stop the subsidy after 1H24 and remove the ceiling price control , then could be a good news for company as the egg price expected to be up 10 sens per egg where the current subsidy is 8sens per egg , on top of that , price can be adjusted based on demand and feed cost , should be a good things for company ..

If I added all the other income in Fy23 ( mainly subsidy from government ) , it was about 100m , which means each quarter should be around 25m , since this quarter only recorded 9m of subsidy from government , that means still have another 16m outstanding yet to be paid to company , that explains why in FY23 they received 54m in one single quarter ...

If we don't consider the subsidy from government , this QR result actually much better than the previous one , I use revenue minus the cost and the Q423 is roughly 11.2% margin , however , they achieve roughly 17% in this QR , believe mainly contributed by lower feed cost , if this can be sustained , next QR should be even better as they may receive higher subsidy in next q ..

https://www.youtube.com/watch?v=CzrBWp2becU

got this from another forum ..

ha ..just hope management generous enough this round to reward the share holder , I did not see any expansion plan revealed recently (except the plan to increase production from 4 to 4.8m eggs/day ) , so , they should not need big Capex reserve ...

waiting for the QR and dividend to decide next move , I believe it will attract some serious investors if they can deliver consistent good EPS (more than 10 sens ) , not many listed company in Bursa can have EPS more than 10 sens .. anyway , I also knows well Bursa is like casino more than investment , people will react more to "news" rather than fundamental ..

I bought at 2 .. hope the next QR at least maintain at Q3'23 level , then should have hope to recover ..

above extracted from the latest Annual Report just released today , so the feed cost continue to be in favor of the company and the demand is strong , lets see if the next QR can help to validate this ...

The operating environment shows signs of improvement
with the softened prices of maize and soybean, which are
essential ingredients of animal feed. The supply of eggs is
expected to remain tight due to the slashing of production
and exited of household and small scaled farmers during
the rising of production costs who lack of competitive
advantage, while demand for eggs is expected to grow at a
moderate level driven by its status as the cheapest source
of protein, population growth, as well as increasing in the
arrival of foreign tourists.
Poultry farming continues to be Teo Seng’s core business

https://www.imoney.my/articles/chicken-egg-subsidy

According to this news , if govern stop the subsidy , the egg price may go up to 10sens each egg , and the current subsidy is 8sens per egg , so , the removal of subsidy should benefit company more , that make me can not understand why people keep saying TSCB is doomed when the subsidy been removed ?? anyway , the next QR shall help us to understand more if the company can sustain the profit .. for me , I am happy if they can maintain the EPS of 15sens per quarter consistently ..

The total shares remain unchanged , that means it will not dilute the EPS after the bonus share issuance ..

A total of 4,301,313 treasury shares were distributed on 15 April 2024 via share dividend distribution of treasury shares on the basis of one (1) share dividend for every sixty seven (67) existing ordinary shares held in Teo Seng Capital Berhad in respect of the financial year ended 31 December 2023. There is no cancellation of treasury shares. The total number of issued shares of the Company remain unchanged i.e. 300,008,175 ordinary shares.

https://teoseng.com.my/wp-content/uploads/2020/04/8.-Dividend-Policy-Reviewed-as-at-16-Mar-2018.pdf

PP at 0.535 , slightly higher than closing , wonder who will be the new investors for these 10% of shares ..

If the quantity of eggs sold in last quarter same as previous one then the revenue and profit should be maintained as the feed cost is till low in last q .. lets see the result in next month , anyway , still hope company can give more dividend for FY23 ..

Teo Seng is undervalued stock as long as they can maintain the EPS more than 10sens consistently ...based on the past few quarter report , this is possible ..

The feed cost should be still low as the corn and soybean future is lower based on 6 months trend , next Q result should be good as well..

Hope management give more bonus .....

This could be one of the cheapest profitable and undervalued O&G counter , need more positive news to get investor's attention ..

company is doing well , revenue ,profit up and debt is reducing , as long as they can sustain this , don't really see the problem here , at least , I can not find any risk factor as of now ..

I lost 10% so far , if management willing to release more dividend then I am fine . Ha ...

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-03-11-story-h-186546058-Plantation_Sector_Large_Soybean_Supplies_to_Keep_Grain_Prices_Low

Believe this shall help TS to maintain low cost and sustain the profitability for quite some time , and hope management can give better dividend later , that could be the key factor to drive the share price up now ..

If TS can sustain the profitability and adhere to their dividend policy then should be a good chance to accumulate .. another key point is government policy , if they remove the subsidy and allow company to adjust the egg price then the impact should be minimum to company , just imagine if the egg price up 10 sens then 4.5mil egg /day for 3 months is around 40mil ....

Management issue share as dividend and Director buy back the share , good sign