The egg price was good in the October but dropped in the November. In the end of November, all grades of egg (Gred AA, Gred A, Gred B, Gred C, Gred D and Gred E) increases 1 cent since 25 November 2015. If the trend continues, the earning for the last quarter in 2015 would exceed the third quarter.
Although the debt is higher for Teo Seng, but the cash flow has been increasing from 19mil to 39mil in just few years time. The debt can be justified due to the huge investment in the production from year to year consistently. In 2013 and 2014, the investment amount is already rm40mil. And this year March, Teo Seng also announce that there is a plan to expand the production from 3mil egg per day to 5mil egg per day. The revenue itself also increasing from the past year.
Check the volume of huatlai today by 3:19pm. There is zero transaction. It has moved to the max. The speculative layhong counter is facing selling pressure now with very low volume. I prefer a fundamentally strong teoseng. We have to wait at least until the next quarter report. But if we don't buy now will be too late . Now teoseng counter is "on sale" with highly discounted price. My target price is RM5 plus for this counter.
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....
garydonald21
371 posts
Posted by garydonald21 > 2015-11-24 12:52 | Report Abuse
can not move one.... haiz....