somehing wrong? even if the market sentiment is bad, not till this extend of drop in a day trade. i already stucked. company account with gimmick issue?
Accumulate, will rebound soon. Teoseng is a defensive stock. Nothing to worry. Almost every quarter making profit and have steady price appreciation every year.
last time ppl use duck egg to make kaya ( bread spread ) but duck egg is expensive, so they change duck egg to jiken egg.
but niaseng management team they swear they will make duck egg come back, rumours said they will build a new farming factory to raise duck and grow duck egg, peking roasted duck ,balut , salted duck egg , duck eggs kaya all new products will be launch very soon.. excited time ahead folks!
Teo Seng Capital puts Sungai Linggui layer farm on hold Tuesday, 30 June 2015
MUAR: Teo Seng Capital Bhd has put on hold its layer farm in Sungai Linggui in Kota Tinggi and will instead focus on developing five new farms in Yong Peng, Batu Pahat. Chairman Lau Jui Peng said the feasibility study found that it was not viable to develop the Sungai Linggui farm at this point in time. “The management sees that it is more cost-effective to open new farms in Yong Peng if we want to increase our daily egg production,” he told StarBiz after the company’s AGM recently. Another reason was that the new farms would be located near the company’s existing facilities such as the feedmill and paper egg tray plants. According to Lau, the company would be investing about RM200mil within the next four to five years to open the five new layer farms. The investment is part of its strategy to position the company as the largest listed layer farming entity in the country. “When the Yong Peng farms are fully operational, we expect to increase our daily egg production from 3.5 million now to five million eggs by 2018 or 2019,’’ he said. The company has almost 20 farms in Batu Pahat with over 4.5 million layer birds and with the five new farms, the number of birds would increase to 6.5 million. Managing director Nam Yok San said with the new farms, the company expects to increase its eggs export to Singapore to between 40% and 45% from between 30% and 35% now. Malaysia, said Nam, remained an important market given the good demand for eggs, plus the fact that the price of eggs has stabilised in recent years. “Malaysia has one of the highest egg consumption per capita in the world at 365 eggs yearly as it is among the cheapest sources of protein,” said Nam. For the financial year ended Dec 31, 2014, Teo Seng Capital made a net profit of RM48.79mil. In 2013, the company made a profit of RM23.37mil.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
serre04
40 posts
Posted by serre04 > 2015-06-29 11:37 | Report Abuse
blame the stupid greece issue..