Soy bean prices had gone up all the way up from US 1010 at the beginning of the year to US 1080 on 31 Mar 17. What happens to the soy price now?...plunged to US 940 or more than 10%.
RM is on the rising trend and gained 3.7% against USD from 1 Apr 17 until now.
This stock price is deeply influenced by three things. Egg price, Soy/CPO and Ringgit/USD. In a way it is very trackable.
I will hold it out this quarter as what Up_down had mentioned about. Another piece of news, we need to look at is long term possibility of corporate exercise by holding company that is one of the biggest poultry player in the region.
This one is a very long game. I am planning for if market crash but I still want to invest in some stock. My thinking and method might not be similiar with a lot of people. I know you are very good as well :D I like your stockpick.
Yes. Teoseng maybe more wellknown in Singapore and southern part of Penisular. I think to list in SGX is a great thing for them.
I also thinking what to do on monday if price drop, so far everyone ask me to sapu..wakakaka..that's why I wonder how much can sapu if all already waiting to do it :D
Another annoucement made by Teo Seng yesterday, about the successful appointment of Messrs PricewaterhouseCoopers (one of the Big 4) as the auditor of the company for FYE 31 Dec 2017.
I am thinking that why they wanna change auditor?
i) Expansion of business ii) Adequacy of the resources, the experience of the audit firm and professional staff iii) Size and complexity of the Group’s operations
thus need highly experience auditor that are able to meet the audit requirements of the Group.
Don forget that PwC is one of the world’s big four accounting firms, their risk assessment on client acceptance is very high and will not accept those high-risk client.
Now they accepted the appointment, may indicate that Teo Seng is potential enough and low risk to them...
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....
SY12
106 posts
Posted by SY12 > 2017-05-16 11:42 | Report Abuse
hi all sifu, what is the first TP? can still buy at the cmp?