Latest news with #TeoSengCapitalBhd
The Star
20-05-2025
- Business
- The Star
Teo Seng expects steady FY25 showing
PETALING JAYA: Teo Seng Capital Bhd expects its financial performance for the remaining nine months ending Dec 31, 2025 to remain satisfactory. The poultry group, in a filing with Bursa Malaysia, said this outlook is supported by improved productivity and stable feed costs. In the first quarter ended March 31, Teo Seng's net profit rose 20.9% to RM41.1mil, or an earnings per share of 6.95 sen compared with RM34mil, or 5.80 sen in the year-ago quarter. Revenue, however, fell 11.3% to RM168.6mil against RM190mil last year. For the poultry farming segment, Teo Seng said revenue decreased by RM22.8mil, a drop of 13.8% due to a decline in the average selling price of the eggs partially offset by higher sales quantity of eggs. It declared a first interim single-tier dividend of RM0.02 per share for the period under review.
The Star
20-05-2025
- Business
- The Star
Teo Seng Capital optimistic about FY25 outlook
KUALA LUMPUR: Teo Seng Capital Bhd expects its financial performance for the remaining nine months ending Dec 31, 2025, to remain satisfactory. The poultry group, in a filing with Bursa Malaysia, said this outlook is supported by improved productivity and stable feed costs. In the first quarter ended March 31, Teo Seng's net profit rose 20.9% to RM41.1mil, or earnings per share of 6.95 sen compared with RM34mil, or 5.80 sen in the year-ago quarter. Revenue, however, fell 11.3% to RM168.6mil against RM190mil last year. Teo Seng has declared a first interim single-tier dividend of RM0.015 per share, amounting to approximately RM8.86mil, for the current financial period under review.
Free Malaysia Today
30-04-2025
- Business
- Free Malaysia Today
‘Eggs-traordinary' boost for Malaysian poultry stocks
The removal of egg subsidies is the latest step in the government's fiscal consolidation efforts. PETALING JAYA : Poultry stocks saw a boost in their share prices today following the government's announcement it is scrapping price control and subsidies for chicken eggs under its subsidy rationalisation initiative. Teo Seng Capital Bhd and PWF Corp Bhd spiked as much as 8% each, Lay Hong Bhd rose 6% while CCK Consolidated Holdings Bhd edged up 4%. However, the news had muted effect on the large-cap poultry companies. QL Resources Bhd ticked up 0.6% while Leong Hup International Bhd rose 0.8%. QL and Leong Hup are valued at RM17.5 billion and RM2.26 billion, respectively. In contrast, Teo Seng, PWF, Lay Hong and CCK have market capitalisation ranging between RM250 million and RM840 million. The agriculture and food security ministry announced this morning the government will end price control on eggs effective on May 1 as part of its phased subsidy retargeting. Subsidies on eggs will be halved to five sen from 10 sen per unit, before being fully scrapped on Aug 1, 2025. The removal of egg subsidies is the latest step in the government's ongoing fiscal consolidation efforts. 'The government has also taken into account that prolonged price control and subsidy is unsustainable for the local egg producing industry as well as the country's fiscal health,' the ministry statement said. The government initially planned to float egg prices in July 2023 but postponed the move due to concerns about potential price increases and the impact on consumers. It had spent close to RM2.5 billion between February 2022 and December 2024 for subsidies on eggs to help producers cope with rising costs of soybean and corn following the Covid-19 pandemic and Ukraine-Russia conflict. To minimise the impact on cost of living, the government will undertake intervention measures including introducing a new grade of reasonably priced eggs and stepping up enforcement to curb profiteering and price manipulation.
