price up because of insiders buying/ purposely push up the price (not sure what they're trying to achieve). 2 qtr of loss, no good reason for share price up.
quick walk around in in hypermarkets. Found eggs from QL, lay hoong and some other small players. Seem hard hard find teoseng eggs where I stay (or maybe I'm just not looking hard enough). Who are the ppl who buy teoseng eggs? Competition seems tough with so many players around. not too convinced this is a good investment.
i can find teo seng eggs at nirwana here.i bought omega plus lutein Happy eggs,size M 10 for rm4.80 last two weeks..lutein is to enhance eyesight.i saw many competitors,kampung eggs,eggs that lower cholesterol,etc
Yes , is lagging 3 weeks but i checked egg price grade C . price was same with website showing , 35 cents. And aware no teoseng egg at market but however i believed egg price up confirmed bring benefic to teoseng. My entry price was high 0.965 but not too much lot. If drop to a attractive price sure will buy in again. Teoseng need time to hold maybe till next QR. Just sharing , not buy called or sell called.
Corn price has been in downtrend since Sept and slight improvement of MYR vs USD which translate cheaper feed for layer chicken. Average selling price for eggs also is increasing. Teoseng which primary business is producing eggs for domestic and Singapore market would benefit on these. I expect the coming QR will see an improvement after last 2 bad quarters. Those who familar with poultry industry would understand the business cycle especially layer chicken. Once the layer chicken reached certain age (normally 20 months), they would be slaughtered or sold as 'ayam pencen'. New chicken to be raised before start laying eggs again.
*This comment based from my own observation and doesn't serve any recommendation to buy or sell.
egg price drop for 2 weeks alrdy , 2cent last week and 2 cent this week per egg ,mostly downtrend will continues due to the market over supply.....i think Q result for july to sept is still negatif
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....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2017-09-14 10:37 | Report Abuse
hebat!