Stock Digest - Teo Seng Capital Bhd - Great Start For FY23

YoY, TEOSENG’s core net profit witnessed a remarkable jump of >100%, attributed to (i) higher contribution from the poultry farming segment on the back of improved selling prices and sales quantities of eggs as well as higher sales of old hens, (ii) government’s grant which has cushioned the impact of continued high feed cost, and (iii) stable demand and contribution from investment and trading division.

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