{
  "id": 11849633,
  "title": "Teo Seng earnings set to recover as egg prices improve",
  "url": "https://urgent.news/2026/10/04/teo-seng-earnings-set-to-recover-as-egg-prices-improve",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T05:06:03.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1547364/teo-seng-earnings-set-recover-egg-prices-improve"
  },
  "original_language": "en",
  "account": null,
  "summary": "Teo Seng Capital Bhd is anticipated to experience a gradual recovery in earnings due to improving egg prices, according to PublicInvest. The egg market is gradually returning to equilibrium following the removal of government subsidies, with tighter supply resulting from farm closures and adverse weather conditions. However, the recovery may be offset by higher feed costs, with wheat and soymeal accounting for about 70% of egg production costs, and the risk of an El Niño-driven spike in wheat and soymeal prices. PublicInvest raised Teo Seng's earnings forecasts for FY26 to FY28 by an average of 29%, reflecting expectations of recovering egg prices, and upgraded the stock from Underperform to Neutral.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}