Corn price is roughly the same as 1 year ago, which is quite low, while soybean price is roughly 10% cheaper compared to 1 year ago which is quite low as well. The only other factor is weakening Ringgit which can work both ways as Teo Seng import these ingredients for chicken feed while at the same time export most of its eggs to Singapore. So we can mostly ignore Malaysian egg price here.
Overall, I think Teo Seng is still a good buy but need to see the next Q report to determine the actual damage done by forex.
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Hulk
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Posted by Hulk > 2015-09-03 16:14 | Report Abuse
machho, dead counter mean it is already at the bottom...so safe to pick up...