Malaysian-listed poultry stock, Teo Seng Capital Berhad recently reported its latest quarterly results:
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:
Technically, the chart seems to point toward a bearish mode for this counter. Support is anticipated at RM1.058.
Fundamentally, high-level brief desktop analysis supports an indicative equity valuation range of between RM1.00 and RM1.54 per share.
In summary, there could be potential trading opportunity if its share price hovers around RM1.05.
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