Stock Digest - Teo Seng Capital Bhd - Commodity Prices Remained Elevated

Cost wise, both soybean and maize prices continued its uptrend move QoQ, driven by the supply disruptions arising from Russia-Ukraine conflict, global fertiliser price hike as well as increased freight cost. The continued elevated feed price, coupled with the price control scheme have hit TEOSENG’s margin despite the cushion of egg subsidy from the government.