Posted by harvest6138 > 2024-08-21 08:57 | Report Abuse

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 ...

Posted by fruitcake > 2024-08-21 09:04 | Report Abuse

is that not right? snakes in the farm house😂😂

Posted by fruitcake > 2024-08-21 09:07 | Report Abuse

dont really believe proper & honest businessman can con investors from the stock market

Posted by fruitcake > 2024-08-21 10:24 | Report Abuse

it's terukseng 😂😂😂

Posted by harvest6138 > 2024-08-21 13:55 | Report Abuse

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 ..

Posted by harvest6138 > 2024-08-21 14:00 | Report Abuse

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 ..

Posted by hng33 > 2024-08-21 17:19 | Report Abuse

The reduction in egg control price as announced on 17 June 2024 shall impact product margin whilst the recent strengthening of the Ringgit shall ease production costs

Posted by Trianon > 2024-08-22 19:57 | Report Abuse

@harvest6138. At Sarawak only ,it looks like

Posted by harvest6138 > 2024-08-23 11:10 | Report Abuse

@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 …

Posted by harvest6138 > 2024-08-23 11:12 | Report Abuse

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

Posted by harvest6138 > 2024-08-26 18:32 | Report Abuse

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.

Posted by Simonalibaba > 2024-08-27 09:52 | Report Abuse

Thanks Harvest for the comments. We will harvest it soon.

Posted by Trianon > 2024-08-27 21:02 | Report Abuse

It's egg-celerating again

Posted by Trianon > 2 months ago | Report Abuse

Drinking egg-presso and watching the market fluctuates

Posted by katara > 2 months ago | Report Abuse

good eggs producer with high roe n low pe

Posted by katara > 2 months ago | Report Abuse

n div is increasing..

Posted by katara > 2 months ago | Report Abuse

teoseng's day coming after cck ..

Posted by Trianon > 2 months ago | Report Abuse

True, Teo Seng is very egg-cellent in terms of fundamentals

Posted by harvest6138 > 2 months ago | Report Abuse

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 ??

Posted by BornToSpeculate > 2 months ago | Report Abuse

If a company is the market leader, low P/E, negligible debt, high cash and paying reasonable dividends, whats there to worry. Even if US market crash tomorrow, how much u think this can drop. Current PE is 3.5x, forward PE is 2.5-3x and will have an even bigger cash reserve then

Posted by cchin > 2 months ago | Report Abuse

2.50 soon

Posted by SKY LIGHT18 > 2 months ago | Report Abuse

undervalued stock with low PE , should be can break 52weeks high since MYR strong up now~

Posted by Trianon > 2 months ago | Report Abuse

Teo Seng is egg-celerating despite the sell-off 😁

Posted by klee > 2 months ago | Report Abuse

soyabean dropped 20%,add on ringgit appreciated 14%
RM 3 is no brainer

Posted by BornToSpeculate > 2 months ago | Report Abuse

Dont forget subsidy will be reflected in the coming QR and can expect more interim div

Posted by Sslee > 2 months ago | Report Abuse

The question why chase up Teo Seng but not LTKM?

Posted by BornToSpeculate > 2 months ago | Report Abuse

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

Posted by harvest6138 > 2 months ago | Report Abuse

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 ...

Posted by TSN001 > 2 months ago | Report Abuse

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

Posted by harvest6138 > 2 months ago | Report Abuse

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 ..

Posted by cchin > 2 months ago | Report Abuse

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

Posted by Trianon > 2 months ago | Report Abuse

Teo Seng continues to egg-celerating 🚅

Posted by klee > 1 month ago | Report Abuse

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

Posted by Simonalibaba > 1 month ago | Report Abuse

Teoseng fair value 3.03

Posted by LubeTrader > 1 month ago | Report Abuse

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

Posted by Trianon > 1 month ago | Report Abuse

That's is egg (ache) -ing 🤕

Posted by hng33 > 1 month ago | Report Abuse

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

Posted by LubeTrader > 1 month ago | Report Abuse

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

Posted by stncws > 1 month ago | Report Abuse

Later bomb shell coming...

Posted by hng33 > 1 month ago | Report Abuse

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

Posted by stncws > 1 month ago | Report Abuse

Suppoelrt rm2.20

Posted by hng33 > 1 month ago | Report Abuse

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

Posted by harvest6138 > 1 month ago | Report Abuse

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

Posted by hng33 > 1 month ago | Report Abuse

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

Posted by hng33 > 1 month ago | Report Abuse

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)

Posted by cchin > 1 month ago | Report Abuse

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

Posted by LubeTrader > 1 month ago | Report Abuse

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).

Posted by Trianon > 1 month ago | Report Abuse

awesome, Teoseng is still egg-celerating regardless subsidy cancellation

Posted by katara > 1 month ago | Report Abuse

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

Posted by katara > 1 month ago | Report Abuse

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