Daily Market Report (27 May 2019)
- Teo Seng, one of the largest vertically integrated chicken egg players in Malaysia has recently kicked off FY19 on higher note boosted by its poultry farming business. It has a daily egg production of four million and with 40% exports to Singapore and Hong Kong and has a market share of 8% and 19% in Malaysia and Singapore respectively.
- We continue to like Teo Seng due to its intact fundamentals while chart-wise also signalling buying opportunity to accumulate the stock. Refer to our Technical View on Teo Seng Capital Bhd today.
