KLSE (MYR): TEOSENG (7252)
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Last Price
2.28
Today's Change
-0.08 (3.39%)
Day's Change
2.27 - 2.36
Trading Volume
2,081,300
Opening
Closing
Allotment Date
Listing Date
Issue Price
-
Units
-
Share Capital
0.000
Public Issue
-
Offer for Sale
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Private Placement
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PUBLIC ISSUE OF 38,610,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TEO SENG CAPITAL BERHAD (“SHARES”) AT AN ISSUE PRICE OF RM0.45 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:
• 15,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC
• 6,110,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS
• 10,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE
DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES OF TEO SENG CAPITAL
BERHAD AND ITS SUBSIDIARIES
• 7,500,000 NEW SHARES TO BE PLACED TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
OFFER FOR SALE OF 42,000,000 SHARES AT AN OFFER PRICE OF RM0.45 PER SHARE TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
IN CONJUNCTION WITH THE LISTING OF TEO SENG CAPITAL BERHAD ON THE SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD
TEOSENG-Notice OfProspectus (80KB).pdf
TEOSENG-Cover to Page 50 (3.3MB).pdf
TEOSENG-Page 51 to Page 110 (2.8MB).pdf
TEOSENG-Page 111 to Page 170 (2.4MB).pdf
Dont forget subsidy will be reflected in the coming QR and can expect more interim div
1 month ago
For so many reasons. Teo Seng is no 1 producer, most efficient. Highest margin. Cash rich. Related to LHI.
1 month ago
We should see one off 26mil gain (sold Singapore asset ) as well .. If government paid all the subsidy on time , teh next QR profit may be is another record high again with all these income ...
1 month ago
If i am not mistaken, Singapore asset was sold at almost book value, so no disposal gain.
1 month ago
The Disposal Consideration is expected to be used by Teo Seng and/or its subsidiaries
(“Teo Seng Group”) for repayment of bank borrowings and/or working capital.
Management invested this asset in 2015 , and the currency is 1 to 2.69 at that time , even they sold at book value , should see some cash return based on currency and depreciated value in past 9 years.. that shall make their cash position stronger that before ..
1 month ago
@Simonalibaba, how do you derive at this value? You better not pluck from the sky lo....haha
1 month ago
Good news for egg producers in the long run but the brekky roti telur price will go up for sure
1 month ago
The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended
1 month ago
The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share
1 month ago
Based on Q2 result, Teoseng still can make EPS 8sens without the subsidy (they receive 900k of subsidy in Q2 only , that is insignificant )..
1 month ago
The problem is other egg producers will compete aggressively with teoseng, as without gov subsidy other egg producer need greater promotion to fight market share and their profit.
Therefore, once gov end egg subsidy, active competition among egg producer will increase instead of current more passive competition due to gov subsidy support
1 month ago
The subsidy for chicken was terminated on Nov 1 last year, following which, the supply and price of chicken became more stable.
"When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar.
Alhamdulillah, after the subsidy was terminated, the price of chicken no longer soared, and more importantly, the country benefited by saving RM100mil a month," he said – Bernama
Chicken price before subsidy cut amd ceilings price cap is RM 9.40/kg
After gov remove ceilings price and end chicken subsidy, market selling for chicken now at around RM 8/kg. Main chicken stock listed in bursa are CAB, CCK and Mflour (dinding)
1 month ago
Mixed reactions. Long awaited subsidy removal. Long term good prospect for Teo Seng
1 month ago
In 2022, Malaysia exported $154M in Eggs. The main destinations of Malaysia exports on Eggs were Singapore ($138M), Hong Kong ($6.73M), Brunei ($3.24M), Maldives ($2.04M), and Timor-Leste ($1.5M).
1 month ago
Given the economies of scale and its integrated business model, Chew(Lhi CFO) believes Lhi and its subsidiary Teoseng will be well shielded from any adverse effects (removal of subsidy for chicken eggs). --The Edge 14.10.2024
1 month ago
Congrats to all holders unfazed by the news of the subsidy removal. Those with the gumption to buy in on the sell-off on that fateful day is laughing all the way to the bank today.
1 month ago
Teo Seng Capital (TSCB MK, NOT RATED, FV: MYR4.26)
“Egg-ceptional” Value, Golden Yields Ahead
Trading Idea
♦️ MYR4.26 FV based on 7.5x FY25F P/E. Teo Seng Capital is well-positioned to sustain strong earnings through cost efficiencies and steady demand driven by population growth and tourism. Benefiting from favourable market conditions ie strengthening MYR and lower feed costs, its resilient performance is further supported by its planned distribution centre in Pahang, which will bolster supply chain efficiency for its top mini-market chain client. With attractive dividend yields of 10.3% (annualised) and 7.2% for 2H24F and FY25F, TSCB should be rerated from its low 4.2x FY25F P/E.
♦️ Link to report: https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18
1 month ago
I am also too lazy to speak about it Already. Just enjoy the reaping own self and dance own self , shock sendiri cukup
1 month ago
@simonalibaba long time no see bro. your still here. i thought u sold off earlier
1 month ago
TEO SENG CAPITAL BERHAD ("TSCB" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF 300,008,175 NEW ORDINARY SHARES IN TSCB ("TSCB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TSCB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE")
1 month ago
very very egg-cellent price movement and expect q3 report will be egg-cellent too 😀
4 weeks ago
What a big disappointment!! good results, good dividend, good prospects, but......
6 days ago
What is the relationship of this Malay girl with Teo Seng ??? Is she eat Teo Seng eggs every day ???
4 days ago
Bigger dividend is needed to boost the share price. Another benefit is to avoid that 2% dividend tax next year. See Lysaght, MSC and Kossan.
3 days ago
klee
soyabean dropped 20%,add on ringgit appreciated 14%
RM 3 is no brainer
1 month ago