Posted by Sebastian Sted Power > 2015-05-19 10:14 | Report Abuse

nothing is impossible. I also never thought of can sapu so cheap stock last week

good profits but now also back to 1.87

Posted by upsidedown119 > 2015-05-19 10:38 | Report Abuse

Accumulate for longer term. Once the effect of GST is over, the consumer market is likely to rebound

Posted by philan > 2015-05-19 11:23 | Report Abuse

Just curious, why the Net Asset decrease substancially.... what asset did TS disposed recently?

Posted by harrysg400 > 2015-05-19 11:50 | Report Abuse

it is dilution due to bonus issue early in the year.

Posted by followind > 2015-05-19 23:24 | Report Abuse

- We reaffirm our BUY rating on Teo Seng Capital (TSC) with an unchanged fair value of RM2.70/share. This is based on an unchanged fully-diluted FY15F PE of 13x.

- TSC reported revenue of RM112.6mil and net profit of RM17.4mil for its 1QFY15. The results met 25% of our full-year FY15F earnings estimate of RM70mil.

- The group’s 1QFY15 earnings had surged by a commendable 70% YoY on the back of a 30% rise in revenue. The improved performance can be mainly attributed to the availability of new production capacity following the addition of a new farm (~400,000 eggs/day) at end-FY14 as well as higher egg selling prices.

- Sequentially, TSC’s net profit had slipped by 3% although its revenue had increased by 4% (in tandem with the higher sales volume and stable ASP). We are however, not too concerned as the decline was mainly due to 1QFY15’s higher tax rate. As it is, TSC’s PBT was higher by 8% QoQ.

- As usual, no dividends were announced this quarter. At the current price, our FY15F-FY17F gross DPS forecasts (based on payout ratios of 25%-35%) translate into attractive yields of 3% to 5%.

- Looking ahead, we expect TSC to register sequentially softer earnings in 2QFY15 due to the seasonality effect and to a smaller extent, the impact of GST on overall consumer sentiment. That said, we are confident of its earnings picking up in 2HFY15 (as per its historical trend) in view of strong demand during the festive periods (e.g. Hari Raya and Deepavali) and addition of a new farm.

- We also expect the group’s EBITDA margins to continue expanding (QoQ: +1ppts; YoY: +5ppts), buoyed in part by the soft commodity prices. According to the USDA, ending global inventory of soybean is forecast to rise by 12.5% from 2014/2015F to 2015F/2016F, underpinned by higher carry-over inventory from the US and Brazil while that of corn is set to grow by 11%.

- Additionally, the group is set to reap potential savings from its various cost management activities beginning FY15F. We understand that its biogas plant-ups are progressing well, with the first (of five) plant on schedule for completion this year (savings of up to RM2mil p.a.). The construction of its new feedmill plant and installation of new paper tray machine are also going on as planned.

- We are leaving our FY15F-FY17F earnings estimates unchanged for now. Valuation-wise, the stock is presently trading at an undemanding fully-diluted forward PE of only 9x - half the sector’s average of 18x.

Source: AmeSecurities Research - 19 May 2015

http://klse.i3investor.com/servlets/ptres/30091.jsp

Posted by aleroe > 2015-05-20 13:00 | Report Abuse

Started out strong, but fizzled a bit too quick... Hope afternoon session is more promising... Close above 1.90 perhaps?

Posted by Sebastian Sted Power > 2015-05-20 13:49 | Report Abuse

I'm still waiting for 1.70-1.75 like that

Posted by Vaylens Chong > 2015-05-20 15:03 | Report Abuse

Sebastian Sted Power, your trading style may will "win a sugar loss a factory".

Posted by Sebastian Sted Power > 2015-05-20 16:07 | Report Abuse

share market everything is possible.. small investor don't know what big shark's plan

Posted by Sebastian Sted Power > 2015-05-20 16:13 | Report Abuse

Vaylens, I still very support Teoseng and its warrants!

Posted by Vaylens Chong > 2015-05-20 16:20 | Report Abuse

Sebastian, I not say I not agree you trading, just if this stock are very potential should hold and wait a Big profit then consider to sold it.

Posted by Chia Yeek > 2015-05-20 16:37 | Report Abuse

sebastian , may i ask do u buy in when the price drop to 1.71 few weeks ago ?? most of them see when the price drop tremendously they worry n dare not to buy but when price up they only said wait for lower price if its drop to previous 1.71 , seem funny right ?

Posted by Sebastian Sted Power > 2015-05-20 17:20 | Report Abuse

Actually I'm loyal supporter of Teoseng since last year. If drop then I will buy more and sell if hit my "ideal" price

I still keep my "old" shares, only sell the bonus issues and the new shares which bought at low price

Cannot say right or wrong; only depend on luck

Posted by goldenluck16 > 2015-05-20 20:16 | Report Abuse

Sell when you think you have reached your target price. However for me Teoseng is a good company to invest, long term outlook is always good as it's a defensive stock with consistent dividend payout.

Posted by Vaylens Chong > 2015-05-20 20:25 | Report Abuse

Short term is a sell signal, Mid term then "I can see a HIGH mountain right now!" ...

Posted by upsidedown119 > 2015-05-20 21:59 | Report Abuse

I am holding on for longer term.

Posted by nicholas1184 > 2015-05-20 22:09 | Report Abuse

I have bought in at 1.71, I actually surprise that the profit better than what I expected, because this profit is same as last qtr eps which is about 9 cents if we convert the current eps after bonus issue to before bonus issue, I thought it can't meet last qtr high, I quite surprise when it does, More surprising is when it does, it doesn't go up much which I expect should, based or simple P/E of 8 (6.5*4*8), it worth 2.08 nw, haha speechless nw...

Posted by Vaylens Chong > 2015-05-20 22:13 | Report Abuse

nicholas1184, I more "surprising" you can buy at very low price at 1.71 @.@

Posted by nicholas1184 > 2015-05-20 22:52 | Report Abuse

I KIV this counter for some, but the valuation that time quite high, not sure whether the profit can sustain or not, I feel 1.71 is ok to buy and that time no special negative issues with teoseng, so I take some risks to buy, please note that I only do simple due diligence, like scroll through their p&l, because I still a small investor, so effort should not be more than potential return, haha

Posted by aleroe > 2015-05-21 11:47 | Report Abuse

Better action today... strongly rebounded off the lows... should close in green, perhaps above 1.90 close

Posted by mouyanseng > 2015-05-21 14:39 | Report Abuse

i sell off dy. Wait it to come back to 1.70 again. yum yum.

Posted by aleroe > 2015-05-25 09:57 | Report Abuse

ouch -- bad action this morning... hitting low of 1.76 already

Posted by jupiter > 2015-05-25 10:15 | Report Abuse

0.0

Posted by mouyanseng > 2015-05-25 10:21 | Report Abuse

@ultramen, RM1.70 and RM1.60 very soon, arrange to sell car and Sai Lang~

Posted by jupiter > 2015-05-25 14:53 | Report Abuse

Cry agains ~~

Posted by nexus > 2015-05-25 15:00 | Report Abuse

prepare to top up ?lolz..

Posted by ft80 > 2015-05-25 15:03 | Report Abuse

what is happening?

Posted by jupiter > 2015-05-25 15:08 | Report Abuse

全世界股市涨，只有马来西亚大跌

Posted by wws2020 > 2015-05-25 15:09 | Report Abuse

Thank you Jib goh

Posted by nexus > 2015-05-25 15:18 | Report Abuse

grab some at 1.7..cheers

Posted by ft80 > 2015-05-25 16:24 | Report Abuse

i grab at 1.72

Posted by mouyanseng > 2015-05-25 16:27 | Report Abuse

queue....tapi tak dapat....so many ppl grab until it up dy

Posted by gungho92 > 2015-05-25 16:41 | Report Abuse

no need to rush or sai lang... more bear is coming. just be patient

Posted by upsidedown119 > 2015-05-26 13:54 | Report Abuse

Teoseng is a good share. Keep.

Posted by Ultramen > 2015-05-26 17:40 | Report Abuse

@mouyanseng do u manage to get some at 1.7?

Posted by Ultramen > 2015-05-26 17:40 | Report Abuse

@jupiter have you buy back ur teoseng @ 1.7?

Posted by LiveStrong > 2015-05-26 18:44 | Report Abuse

Again a very impressive quarter. Monitoring this account is pretty easy. Look out for bird flu outbreak and chicken food price. Egg is still the cheapest protein we got out there.

Posted by mouyanseng > 2015-05-27 09:16 | Report Abuse

@ultramen no, queue at 1.70, 1.72 also cannot get. so, wait for next chance, wait Tenaga confirm gonna telan another few more 1MDB energy projects, panic ppl will throw again.

Posted by Ultramen > 2015-05-27 17:54 | Report Abuse

@mouyanseng I saw when it drop until 1.70 VS 1.71, but i hv no cash. after I sold my others share to get some cash, the price already up... T.T
I m waiting for the panic ppl too.. :)

Posted by mouyanseng > 2015-05-28 12:15 | Report Abuse

@ultramen why need cash to buy. teoseng not PN17 pun. You queue and buy first, 3rd day baru pay also can what...

Posted by Sebastian Sted Power > 2015-05-28 15:04 | Report Abuse

steady la! up and down is usual

Posted by shinado > 2015-05-28 17:25 | Report Abuse

Demand for egg in Singapore is still strong, chicken feed price still low, MYR still weaken. All this bodes well for Teo Seng so I see no issue on the fundamental part. As for technical, I really have no clue as I no knowledge on this field at all. But I believe this might present a good buying opportunity for some. The only downside is not knowing if KLCI will slide further down.....

Posted by gungho92 > 2015-05-28 18:03 | Report Abuse

cannot sustain.

Posted by ray81 > 2015-05-29 13:51 | Report Abuse

the trend follow singapore dollar trend...if $ up, share down,

Posted by gungho92 > 2015-05-29 16:06 | Report Abuse

chill... everywhere also red. ntg wrong with the company

Posted by Vaylens Chong > 2015-05-29 17:14 | Report Abuse

who want sell? sell to me...

Posted by Ultramen > 2015-05-29 17:46 | Report Abuse

@mouyanseng wah, i m not playing contra le.. i m long term investment. :)
and cimb itrade not allow me to trade without sufficient money in the account.

Posted by upsidedown119 > 2015-05-30 19:04 | Report Abuse

Vaylens. I want to sell to you. What price would you pay me?

Posted by Vaylens Chong > 2015-05-30 23:03 | Report Abuse

upsidedown119 , 1.50 can ?

Posted by Fat Cat Tim Buddy > 2015-05-30 23:11 | Report Abuse

upsidedown, i wanna buy from you, RM 0.30 deal?