For those unable to hold for a longer term, of course this counter sucks. Only those of us who hold long term benefit the most here. But well, if you guys say this counter sucks, then sell and move on to another counter.
Don't worry, I'll wait. Just like how I waited 17 months now. Best decision ever made.
dear investors, teoseng is going to expansian from 3mil to 5mil egg production, that is an increase of 66.67% of capacity, of course it would take time and money needed to achieve, simply business. teoseng exports about 30% of daily production into Singapore, and if you check the egg price in Singapore its double the price in MYR (12 Dozen eggs) compared to Malaysia, TEOSENG is in Yong Peng which is less than 2 hours into Singapore. The more MYR drop against SGD the better.
ridah118 thanks but I would like to caution on the weaker ringgit against the USD because of the cost of soybean and corn will be affected. Really need to see this quarter report to understand if they can cope. Past 5 year results suggest that they will be able to cope though.
pap9163 I have previously mentioned that corn and soybean price went down as well. Thanks for pointing out the exact figures for that period. But as you may know, MYR depreciate against USD by 19% so far. So naturally, cost should be up slightly. But since MYR also depreciate against SGD, we will definitely gain more revenue and profit from exports to Singapore.
The layer farms players (i.e. Teoseng) who do the export should be favored due to the weaker ringgit and the feed cost remains low as corn and soybean prices have fallen to record low. Among the layer farm players, Teoseng stands out due to its high return in equity and is also able to leverage the strength of its controlling share holder Leong Hup group.
The layer farms players who do the export should be favored due to the weaker ringgit and the feed cost remains low as corn and soybean prices have fallen to record low. Among the layer farm players, Teoseng stands out due to its high return in equity and is also able to leverage the strength of its controlling share holder Leong Hup group.
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....
livestrong
103 posts
Posted by livestrong > 2015-11-03 13:07 | Report Abuse
when quarter report release?