As the above says AmResearch has a TP of RM2.70 for TeoSeng. http://klse.i3investor.com/servlets/staticfile/270433.jsp Those with longer term view should start collecting the TeoSeng-WA as it has a potential to gain 100 % return. The WA expires on 2020 only
Its PE of around 7.5 is very cheap compare to its peers of 15X. And egg's price has gone back to 38 cents. Some more its 30 % production is exported to Singapore (SG dollar has appreciated 31 % against RM so far) and it is sold at 38 cents too. So people with longer term view should collect more.
Since 6 May 2015, Na Hap Cheng & Nam Yok San keep buying back shares, from 51.127% to now 52.168%... I think this is one of the signs that they think Teo Seng is deeply under valued.
It looks like something happen with plan... TeoSeng & LTKM both increase price since last week and today drop together almost at same time around 4-5pm. It felt like same group of people pushing the price up and down. hopefully today drop is to kick-off those T+3 buyer.
If Layhong can have a PE of 15 now why not for Teoseng. The current PE for Teoseng is only about 7. So people with longer term view on Teoseng should buy more into it as using the PE of 15 its share price can be doubled. Don't forget 30 % of its eggs are sold to Singapore at 38 cents/per egg and its the price of eggs in Malaysia has increased from 28 to 34 cents.
As the Teoseng-WA only expires on 2020, people with longer term view should also leverage on the WA and start collecting it too. It would potentially give more than 100 % return from the current price of 0.76
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....
jfanalytic
140 posts
Posted by jfanalytic > 2015-09-28 19:29 | Report Abuse
LayHong got news goreng ma.. Teoseng dun have. haha