Challenging Prospects

Malaysian-listed poultry stock, Teo Seng Capital Berhad recently reported its latest quarterly results:

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The latest quarter result appears to show a marginal improvement on a year-on-year basis. Nevertheless, Management have warned the remaining financial period to be challenging:

Challenging.png

Technically, the chart seems to point toward a bearish mode for this counter. Support is anticipated at RM1.058.

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Fundamentally, high-level brief desktop analysis supports an indicative equity valuation range of between RM1.00 and RM1.54 per share. 

ValTSCap.png

In summary, there could be potential trading opportunity if its share price hovers around RM1.05.

DISCLAIMER: ALL ARTICLES CONTAINED IN THIS SITE ARE FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES OR INSTRUMENTS MENTIONED ABOVE.

Author: Ken Utau

Data Scientist, Markets Analyst and Food Lover

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