Teo Seng reported their first ever quarterly loss due to write off of old hens while their trading business activities remain profitable. I believe next quarterly earnings should put them back on positive earnings having in the business for so long. Price is very oversold and time to enter,
where can we know losses cause by write off old hens? how often teo seng write off old hens? how to know their trading business remain profitable sinces the egg price now very low?
TP500, Read between the lines in the financial report. It is all there for your interpretation.
Depopulation of old hens means destroying old hens asap therefore had to write-off at substantial loss and affected their revenue potential as well.. We had a bird flu virus sometime in Feb 2017 if I am not mistaken. As a result some of the chickens were barred for export market too. This is a one time event..
TEO SENG has been making consistent profits every quarters. It is a consumer products. So it doesn't make sense if it continue to report losses..
Note that the selling also on very low volume...only fools that dunno the business sold without understanding it well. Compare TEO SENG with her competotors. Are all of them losing money?
Resolution just passed that TEO SENG will buy back their shares. That's where the price support will come in if the price dropped to further.
TIME TO ACCUMULATE
Depopulation means..
Animals are infected with a potentially zoonotic disease; or Animals are experiencing an outbreak of a rapidly spreading infectious disease that, in the opinion of state or federal regulatory officials, cannot be contained by conventional or currently accepted means of depopulation; or Animals are housed in structurally unsound buildings that would be hazardous for human entry, such as those that may result from a natural disaster.
Mass depopulation refers to methods by which large numbers of animals must be destroyed quickly and efficiently with as much consideration given to the welfare of the animals as practicable, but where the circumstances and tasks facing those doing the depopulation are understood to be extenuating. Euthanasia involves transitioning an animal to death in a manner that is as painless and stress-free as possible. The AVMA currently considers that destruction of poultry using water-based foam is a method of mass depopulation and not a form of euthanasia. The AVMA supports additional research to evaluate whether water-based foam can be accepted as a form of euthanasia.
teo seng write off old hencs every month since they started the business , means when the time making huge profit or losses ,they also write off old hens by selling it when too old to lay eggs . losses due to low egg price , not because write old old hens
godhand if no sell down then where is the opportunity to get at lower price? this stock is consider fast moving consumer sector, should collect while its trend down
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....
TP500
150 posts
Posted by TP500 > 2017-06-29 20:42 | Report Abuse
why cannot rebound? Up_down sifu ,abangadik sifu & takashi Sorimachi sifu all say buy more when price drop, i think sure will rebound