Teo Seng Analysis:

Current Price Targets:
TP1: RM 3.00
TP2: RM 3.50

Teo Seng remains a strong player in the poultry sector, backed by solid financials. As we approach the financial year-end 2024, the company’s performance looks promising with potential for significant upside. Even at its current valuation, Teo Seng still appears undervalued, offering a great opportunity for those looking to capitalize on the current bull run.

If you’re keen to dive deeper into this analysis or want to discuss potential setups, feel free to message me for more insights!

if gov decides to remove subsidy, there's likelihood prices will be allowed to be priced freely. however, with government under pressure to win votes, subsidy may extend, as the subsidy spent on eggs is significantly lower than other subsidy type, and it's a "cheaper way" to promote popularity.