Teo Seng ends lower after Singapore recalled eggs due to Salmonella enteritidis

by NURUL SUHAIDI / Pic Source: Teo Seng

POULTRY firm Teo Seng Capital Bhd ended today’s trade 2.5 sen lower at 71 sen after a Singaporean authority on Friday announced the detection of Salmonella enteritidis (SE) in eggs imported from a farm belonging to the Malaysian poultry firm.

The Singapore Food Agency (SFA) said it has detected SE presence in eggs imported from Teo Seng Layer Farm 1 in Malaysia, adding that the affected eggs can be identified by the stamp “CEJ027” on it.

In a filing to Bursa Malaysia on Saturday, Teo Seng said that it has taken immediate action to suspend Teo Seng Layer Farm 1, which accounted for close to 3.5% of its total production, and assured no eggs from the alleged farm would be sold in domestic and export markets.

The company said that as per its product safety measures, all its production farm locations are physically dispersed to mitigate cross-contamination between farms.

“Teo Seng also practices regular lab tests on sampling eggs from every farm to ensure product safety. As at to date, all other farms’ products are tested negative for SE and this ensures the supply of eggs from other farms are safe for consumption and not disrupted,” it said.

Teo Seng said it will communicate and work closely with the Department of Veterinary and Services to investigate and monitor the alleged farm related to SE detection.

In its statement, SFA said as SE may cause foodborne illness if food is consumed raw or undercooked, it had directed all six importers to withhold or recall the affected eggs.

“In particular, BH Fresh Food Pte Ltd had been directed to recall the affected eggs that had been distributed to retail outlets for sale as a precautionary measure. The recall is ongoing. The other five importers had been told to withhold the affected eggs from distribution.

“The farm is also suspended and will not be allowed to export their eggs to Singapore. SFA will lift the suspension only when the farm has rectified the SE contamination issue,” it said.

Teo Seng is an investment holding company principally involved in poultry farming. Its activities predominantly revolve around layer farming, which refers to the practice of rearing chickens to produce eggs.

In intraday trading today, the stock hit a low of 69 sen, before closing at 71 sen, to give it a market capitalisation of RM210.1 million. Its trading was halted for an hour from 9am.