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2017-12-29 15:48 | Report Abuse
Those damn TA Stockists and PDT joining ACTION after too much promotion by Forumners ! That's why I already said : GOOD ATOCKS no need to "PROMOTE" ! Hehehe !
2017-12-28 10:16 | Report Abuse
No problem with IBs lah
, they already fully hedged when issuing the call warrants lah ! Some may just top up by mopping up the mother shares from the open markets lor thus aiding and fuelling the jump in Hengyuan's share price lor !
Running "WILD" leh !
Kekekeke !
1888 may be a GOOD Number ? Like it ? No ?
Hi, I still cannot understand why someone said the IB making losses for issuing the CW. Can lecture abit. Thx
Posted by Alex™ > Dec 28, 2017 09:10 AM | Report Abuse
IB this round cry no tear
2017-12-27 15:20 | Report Abuse
Chairman Wang Youde, is the mirror of the Great Mongol "Genghis Khan" from Shandong forced to go GLOBAL, thanks to the Chinese Government's moves that Hengyuan is born for us to reap!
Go here :
http://www.theedgemarkets.com/article/diversify-or-die-chinas-independent-oil-refiners-adapt-new-challenges
2017-12-27 12:19 | Report Abuse
Traders and Investors selling is normal mah, no need to condemn them as profit target once reached, that's their choice to take lor !
Kekeke !
2017-12-27 12:07 | Report Abuse
Apa Jesse Livermore cakap ?
Quote : " Money is made by Sitting " !
Bukan "Shitting" , Ok !
Correction ishealthy as contra players's time up T=$, need to SELL lor ! Then recycle again lor, must be !
Why they, you or anybody can't hold, need to SELL lor but think lah, them, you and anybody (traders and investors) Sells, others will buy lor ! Technical Expert says : "BUY high , SELL higher" !
But, bearing in mind that when liquidity runs outand that's where Demand over stripped Supply, Havocs of Gapping Up trend runs wild !
And then, Hengyuan management have no choice but to proposed Bonus and share splits to improve and provide Liquidities for Refineries Savy Investors lor !
TRhink about it before day ends as tomorrow, these Chinese Armies may strike without we being informed !
So, whatcha ya gonna do when these Chinese Fund runs "WILD" !!!
WaaHaaHaaHaaHaa Kaakakaka !
2017-12-27 11:50 | Report Abuse
Many Chinese Oil and Commodities Traders, most of whom are High Networth Individuals, some of them may have already been nibbling into Hengyuan shares and taking a break for the Winter Solstice and Christmas Festival will return to trade in Hengyuan soon ! More of these traders having seen successes their counterparts accomplished in such short period may come as soon as later today or even tomorrow ! It's better that we stay invested and buy in before them, today too !
Go here : https://www.bloomberg.com/news/articles/2017-12-14/all-chinese-oil-traders-want-for-christmas-is-a-futures-contract
2017-12-27 10:43 | Report Abuse
PE, PE & PE, guys ! This what Chinese Gungho FUNDIES will look at First when putting their monies on, having know too much on their own Shandong State Government link Owners Competency level & Powess in running an Efficiently managed and Cost effective and Profit orientated Petrochemical & Refinery in their on Country !
2017-12-27 10:32 | Report Abuse
Do not look at other STOCK as here at BURSA Malaysia, this HENGYUAN is "THE ONLY STOCK" worth putting your $ and talking about WINNERS, well HENGYUAN is the 1st Prize in any Ekor Draw everyday from now sampai RM22.00 by end Feb or early March, 2018 when it's fantastic 4th QFR is out ! And as long as Crude Oil prices stay above USD60/= , Petronm will be liken to be the 2nd Prize and PETRONAS Counters are among the top draws too but will be below Hengyuan's Gain !
2017-12-27 10:17 | Report Abuse
Whatcha gonna do when the Chinese Funds runs "WILD" ?
Akan Datang !
More Chinese made Helicopters will start raining $$$ Soon !
Kalau nak Kaya ! You know what to do !
Better Believe !
HaaHaahaa !
2017-12-27 10:00 | Report Abuse
Hengyuan below RM18.00 is still consider fair & reasonable price to buy ! It seems that One of Malaysia's technical Expert Guru who has been a strong proponent of PETRONM all along has now advocate his members to trade Hengyuan aggressively with target price of RM17.56 & RM22.58 too !
He's the Principal of F1 Academy and has may technical credentials to his name ! His style of "BUY HIGH and SELL HIGHER" is his trademark too !
2017-12-26 16:48 | Report Abuse
GOOD Counter, said three times is enough, no need to promote moretimes as PE itself is the MAGNET to PULL in INVESTORS !
For now, PE for Hengyuan is 4.9 & PE for Petronm is 8.38
Conservatively, the forward PE of Hengyuan can be estimated by taking the median average of the current PEs of both Henyuan and Petronm and that should put it as (4.9 + 8.38)/2 = 6.64
Taking rolling year earnings of RM3.40 should peg the fair price for Hengyuan shares at RM22.58 !
Chinese Fundies, come come buy Hengyuan as China Petrol Refineries Stocks are expensive ! Here got better "ANG POW" waiting for you guys !
Show us your $$$ !
2017-12-26 15:04 | Report Abuse
HaaHaaha ! Supply is surely depleting soon and in the meantime what are you waiting for ? $ don't grow on trees but this "Helicopter" is raining $$$$$$$$$ !
2017-12-11 11:42 | Report Abuse
E-Wallet, e-Payment, e-Finabnce Stocks in Play today but More Direct Play is this Legalised Ah Long in Play ! Haha !
Green Packet: Gets government's greenlight to provide money lending services. Green Packet has obtained approval from the government to provide money lending services. It said its wholly owned subsidiary Packet Interactive SB (PISB) received a conditional letter of approval from the Ministry of Wellbeing, Housing and Local Government under the Money Lending Act 1951, on Sept 26. "The conditional approval is subject to the Directors of PISB and the business premises of PISB complying to and satisfying the prescribed requirements stated in the Ministry’s approval letter," Green Packet said. (The Edge)
------------------------------------------------------------------------
At an inflection point (webe is history). Having posted cumulative losses since 2010, FY17 would be at an earnings inflection point for Green Packet as the company no longer bears the losses from webe – Telekom Malaysia’s (TM) converged 4G operator – from 4Q16. To recap, the company’s stake in webe was reduced to 18.9% in 3Q16 (from 31.1%) after TM exercised its rights under an earlier convertible medium-term notes (MTN) programme. We expect the profitable core segments of communications and solutions to drive a steady stream of recurring earnings moving forward, with the new digital investments fuelling a stronger earnings recovery from FY18.
Internet of Things (IoT) and smart services – the icing on the cake. Green Packet has singled-out e-services and IoT to be the new growth engines and has embarked on several related M&As to strengthen its execution capabilities. Among the notable acquisitions were a 22% stake in listed Yen Global (Yen) for MYR18.2m (Aug 2016) and a 20% stake in Shenzhen Memo Technology Co Ltd (Memohi) for MYR6.4m. Yen’s subsidiary, Atilze Digital SB (Atilze) is rolling out the long range, low power wide area (LoRA) network in the country, which would be used for the deployment of IoT via embedded sensors.
Emerging financial technology (fintech) play. Green Packet has put in place a payment platform to provide end-to-end solutions for its digital ambitions. In Aug 2016, it purchased an 80% stake in WOL – a Bank Negara Malaysia (BNM) e-wallet license holder – for MYR9m to facilitate cashless and card-less transactions. The company has also set-up a mobile wallet application – Kiple (kiplepay.com) – to tap on the rapidly-growing e-commerce segment. Green Packet is also collaborating with the Government on a cashless/smart payment card that would eventually be rolled out in schools nationwide. The smart preloaded card would eventually replace cash payments by students at cafeterias, canteens and bookshops, and would ride on WOL’s infrastructure. We see good potential for recurring revenues from the project, given the captive market and high volume of transactions.
2017-11-14 16:36 | Report Abuse
Please be reminded that HENGYUAN has just been included in the MSCI Global Standard Indexes which means that it will be on International (Global) Fund Managers Radar ! This inclusion will be reported in our Most Major Business Newspaper from Tomorrow and there will bound to attract Ripples for a Start and with Good 3rd Atr Financial Figures due soon, Meletup is in the Horizon ! Still haven't made up your mind ? What are you waiting for ? Never let a Good Stock go while the prcing is still at the low !
MSCI Semi-Annual Index Review as below
MSCI Global Standard Indexes
Addition:
NESTLE
PRESS METAL ALUMINIUM
SP SETIA
MSCI Small Cap Indexes
Addition:
ECO WORLD INTERNATIONAL
GEORGE KENT
HENGYUAN REFINING CO
PETRON MALAYSIA REF&MKT
Deletion:
CB INDUSTRIAL PRODUCT
JAYA TIASA HOLDINGS
JCY INTERNATIONAL
MEDIA PRIMA
PRESTARIANG
TROPICANA CORPORATION
TUNE PROTECT GROUP
2017-11-14 16:23 | Report Abuse
Hahaha ! Did anyone missed the "CHANCE" again to accumulate ? As from now onward, any dip in Hengyuan's Share price is a chance to accumulate while in anticipation of the coming 3rd Quarter Financial Figures !
https://www.cnbc.com/2017/11/13/oil-industry-should-not-worry-about-peak-demand-until-2040-opec-sec-gen-says.html
2017-11-14 11:31 | Report Abuse
If ASB has not been Selling all this while, then how are Buyers getting them at lower Prices ? Chance to buy when ASB is Selling ! ASB kena support Local Petrochemical and Refinery Companies mah ! They are putting "National " Interest first mah and getting dividend and maybe "SPECIAL" dividend later from PETDAG !
If Hengyuan will propose Dividend, I am sure MORE FUNDS will rush into Hengyuan too including ASB and all other Local Funds !
It's a matter of time !
First Step first, patiently looking forward to a Good Set of 3rd Quarter Financial Report to be released soon !
2017-11-14 11:15 | Report Abuse
Haha ! More and more Big Corporations are jumping into the PetroChemical and Refinery Business nowadays ! Big Monies are pouring into the building of New Oil Refineries and Storage Facilities ! Just how lucrative the Refinery Business are is obvious !
Since Longtime already, even Countries without Oil Reserves can also be ranked among the Top of the List of Oil Exporting Countries and Vice Versa ! Our immediate Neighbour is One of them !
Go here : https://en.wikipedia.org/wiki/Oil_industry_in_Singapore
http://news.bbc.co.uk/2/hi/business/7423008.stm
http://etp.pemandu.gov.my/upload/etp_handbook_chapter_6_oil_gas_and_energy.pdf
Chapter 6: Powering the ... Gas and Energy “The green economy is no longer a myth. ... Malaysian oil production peaked in the mid 1990s at approximately 600,000 ...
https://syukrishah.wordpress.com/2015/03/01/how-long-malaysias-oil-and-natural-reserves-will-last/
&
https://www.thestar.com.my/business/business-news/2017/11/14/kuantan-port-newocean-to-build-oil-refinery-complex/
2017-11-13 16:44 | Report Abuse
Before 3rd QFR is out, the upside for Hengyuan now boils down to Good Judgement amid Supply and Demand of the Stocks available in the open market ! If all buyers are investors, expect stronger upside in the Shortest Run up to this 3rd QFR SOON !
2017-11-13 16:19 | Report Abuse
Hengyuan may well be on it's way to test the Strongest Resistance of Historical High of RM13.00 sooner than anticipated by month end when it's 3rd Quarterly Financial Report is due to release ! Finger cross, Honky Tonks !
2017-11-09 14:50 | Report Abuse
Whoever wins the GE14 is not important, janji our Portfolio swells is the most important above ALL ! When we are RICH enough, we can then do wonders. Like helping the Weak and Needy is what existence in this World are all about. Politics is a DIRTY Game, this , we are not Politicians
. Just leave Politics to the Players of Politics ! We have our Choice which we will exercise thoughtfully and it's our RIGHT nobody can influence ! Happy Investing and Happy Profiting, then only can we build and make a better World to Tomorrow's Generation !
Cheers Honky Tonks and have a Nice Day !
2017-11-09 14:42 | Report Abuse
Let ASB sell their holdings, else there won't be enough HYR shares in the Open Market left for us Investment(holics) to induldge and savvy in !
2017-11-09 14:38 | Report Abuse
Hengyuan has just gone to the Gym to work out and in a very short time it will emerge as the "Incredible Hulk" of BURSA MALAYSIA ! It's still cheap to buy as RM12.00 is on the Horizon when the Quarterly Report for HYR is out by month end ! Further hike in the Share Price for HYR is anticipated if it starts declaring Dividend ! And such time, not only Foreign Funds but Local Funds including ASB will make a beeline to mop up HYR Shares from the Open Market in a RUSH ! It is still early to jump in this HYR Wagon, do not be afraid to "BUY" to "INVEST" in this "SUPER STOCK" if you got no other better one to INVEST in, else you'll be left behind ! HYR stock price now should not be lagging behind Petronm by this much ! IMO it should be around RM1.50 or thereabouts behind only.
So, what are you waiting for, still pondering ?
2017-11-09 11:01 | Report Abuse
ASB selling is very likely due to no dividend payouts since 15 May 2013 till today as funds need to generate returns in order to pay dividend to unit holders as it's coming to the end of the year where ASB needs to declare dividend payouts ! Just imagine no dividends from Shell till today is reflecting as bad investment and the management may have made a decision to stagger the selling when certain target prices are reached in an orderly manner so as not to disrupt the market trend ! The opportunity presents itself lately in lieu of dividend forgone for the past years in the form of capital appreciation is a way for them to take profits as Funds do not like to predict the future trend going forward having had to sit out for 4 years without "Dividend" ! IMO !
2017-11-08 15:46 | Report Abuse
ASB and other GLCs selling because of redeploying fund for other purposes as needed in the present time as they can't wait long for better news ahead to SELL ! Normally they have a set target price range to SELL a specific amount so as not to dirupt the orderly market mechanism ! Do not be afraid to buy and invest good stocks as there are not many left with such good potentials and capital appreciation ! It's also good that such Funds sell out some shares to provide liquidity, else it will make the stock prices volatile when there is a DEMAND overhang !
https://www.reuters.com/article/us-shell-results/shell-beats-third-quarter-expectations-as-profit-jumps-on-refining-idUSKBN1D213W
2017-11-07 16:34 | Report Abuse
http://www.theedgemarkets.com/article/cover-story-tensions-bandar-malaysia
Does anyone still think that Ekovest still has chance to participate in Bandar Malaysia's Projects ? Look's like TSLKH has incurred the PM's wrath ? No ?
2017-11-07 15:30 | Report Abuse
JUST TAKE NOTE THAT ; KOTA JAYASAMA SDN BHD & DATO' HARIS ONN BIN HUSSEIN BEEN DISPOSING THEIR MAJOR SHAREHOLDINGS IN EKOVEST SHARES SINCE MID APRIL, 2016 TILL EARLY MAY, 2017 !
KLSE: EKOVEST (8877) EKOVEST BHD MAIN : Construction
Name
Details of Changes
View
Date
Type
No. of Shares
Price
DATUK LIM KENG GUAN 03-Nov-2017 Acquired 2,884,100 0.000 View Detail
LIM SEONG HAI HOLDINGS SDN BHD 03-Nov-2017 Acquired 2,884,100 0.000 View Detail
MADAM LIM PAK LIAN 03-Nov-2017 Acquired 2,884,100 0.000 View Detail
MR LIM KENG HUN 03-Nov-2017 Acquired 2,884,100 0.000 View Detail
TAN SRI DATUK SERI LIM KENG CHENG 03-Nov-2017 Acquired 2,884,100 0.000 View Detail
DATO' HARIS ONN BIN HUSSEIN 03-May-2017 Disposed 400,000 1.137 View Detail
KOTA JAYASAMA SDN BHD 03-May-2017 Disposed 400,000 1.137 View Detail
DATO' HARIS ONN BIN HUSSEIN 17-Apr-2017 Notice of Person Ceasing 5,000,000 1.300 View Detail
KOTA JAYASAMA SDN BHD 17-Apr-2017 Notice of Person Ceasing 5,000,000 1.300 View Detail
DATO' HARIS ONN BIN HUSSEIN 14-Apr-2017 Disposed 50,000,000 1.300 View Detail
KOTA JAYASAMA SDN BHD 14-Apr-2017 Disposed 50,000,000 1.300 View Detail
DATO' HARIS ONN BIN HUSSEIN 13-Apr-2017 Disposed 280,000 1.363 View Detail
KOTA JAYASAMA SDN BHD 13-Apr-2017 Disposed 280,000 1.363 View Detail
DATO' HARIS ONN BIN HUSSEIN 12-Apr-2017 Disposed 500,000 1.377 View Detail
KOTA JAYASAMA SDN BHD 12-Apr-2017 Disposed 500,000 1.377 View Detail
DATO' HARIS ONN BIN HUSSEIN 11-Apr-2017 Disposed 500,000 1.377 View Detail
KOTA JAYASAMA SDN BHD 11-Apr-2017 Disposed 500,000 1.377 View Detail
DATO' HARIS ONN BIN HUSSEIN 10-Apr-2017 Disposed 450,000 1.379 View Detail
KOTA JAYASAMA SDN BHD 10-Apr-2017 Disposed 450,000 1.379 View Detail
DATO' HARIS ONN BIN HUSSEIN 07-Apr-2017 Disposed 500,000 1.371 View Detail
KOTA JAYASAMA SDN BHD 07-Apr-2017 Disposed 500,000 1.371 View Detail
DATO' HARIS ONN BIN HUSSEIN 06-Apr-2017 Disposed 300,000 1.383 View Detail
KOTA JAYASAMA SDN BHD 06-Apr-2017 Disposed 300,000 1.383 View Detail
DATO' HARIS ONN BIN HUSSEIN 05-Apr-2017 Disposed 360,000 1.413 View Detail
2017-11-07 10:59 | Report Abuse
Talking about Electric Cars, it's mainly tailored for the Older Generation folks and those looking for lower cost and energy/environment saving vehicles as nowadays, the younger generation won't want to buy Electric Cars as them no Broom, Broom, Broom and Vroom, Vroom, Vroom ! I only liken Electic Cars to a general one pacer machine with no "kicks" in it. They're only tailored for the Careful Slow drivers IMO! So Gasoline will be still is good demand for decades to fuel Sports Savvy Drivers ! Electric Cars won't do for Formula Racing !
2017-11-07 09:49 | Report Abuse
WOW ! This article looks compelling enough to put our Investment $ into the PetroChemicals & Refinery Stocks ! Hengyuan, Petronm & LCTITAN looks the better bets !
Go here : http://www.lse.co.uk/politicsNews.asp?code=q9dor007&headline=Shell
2017-11-03 16:51 | Report Abuse
Haha ! ini GLC, Khazanah has already fallen from grace ! Gomen Link sudah jadi Operator ! What happened, memang dah takda lui oh !
2017-10-27 12:34 | Report Abuse
It's the Public Spread and Stock Price that's the issue now ! That is why the market maker buys and sell 1 lot at anytime just making sure no BIg Boys unloading their Holdings as the Uptrend Play is slowly making it's way up ! Just a measure of what should be the the market price for this Stock now after many IBs been calling at higher prices for this Stock with the lastest by TA of RM6.66 for it and CIMB's call of highest at RM8.35 (?) ! Local institution and Cornerstones price at IPO RM6.50 as per book. Since the Company is "NEW" as per IPO listing few months only, the PE ratio as of now is empirical still, so let's do it this way :
Latest NTA is RM5.06 + Listing Premium (say 5%) , so at least it should go above this lor ! Just my 2 cents view.
2017-10-26 16:14 | Report Abuse
Whatever it is all about, it seems that all the IBs are SMART PROMOTERS of this Stock, supposed to have initial IPO listing Price of RM8+
, then down to RM6.50 and to build and ooze PUBLIC confidence, buying back IPO at listing COST of RM6.50 by Company and then many IBs calling to by from RM6,50 Target Price to CIMB's called of TP RM8.35 !
So if all these Promoters are so Gangho on this Stock, most likely they have cornered it and can play it up and down anytime ! Now,is the time to buy because t5he Local Institutuons are too committed in this Counter and with Budget tomorrow and GE14 on the way, need to create the FEEL GOOD Factor and Climate !
2017-10-25 15:31 | Report Abuse
This is basically good planning for the "FUTURE" ! FUTURE MONEY being RAISED NOW, brainy ! Future money is smaller !
2017-10-25 15:26 | Report Abuse
DFTZ launching by Jack Ma and PM suppose to be in October, 2017 so it's now end of the Month !
Still no Investors identified and already issuing PP at RM0.30 ? So secretive ka ? Must be already have identified some good business venture related to Digital Technology else why raising fund now ? Now everythings going robotic (AI) but what happened to another GLC, MGRC (155), why no movement onem AI what ? Think better Tan Sri rope in Brahmal ! Hehe ! Just imagine Krono when mentioned going into AI, Stock price is really A1 !
2017-09-25 16:09 | Report Abuse
Have you guys read this article below already ?
http://klse.i3investor.com/blogs/greentrade/132105.jsp
Any comments ?
2017-05-17 17:19 | Report Abuse
http://www.theedgemarkets.com/article/najib-bandar-malaysia-rfp-soon-select-master-developer-government-has-spoken-dalian-wanda
How would WANDA GROUP BE ABLE TO MOVE MONEY OUT OF CHINA as it is Privately owned not like CERC which is State owned !
In March, Wanda Group has to terminate an Agreement to takeover "DICK CLARK PRODUCTION INC" for AUD 1.0 Billion because they find difficulty in moving money out of China !
Don't ever think that only the "Rich" can always do Wonders ! May need to consider the "Most Resourceful Party" going forward !
2017-05-17 16:51 | Report Abuse
Those Projects are a "GIVEN" and not thru' open tenders ! Tan Sri Lim KH's bukan nya "attraction" factor , tapi lu tengok siapa ada situ ! Siapa dia Harris Tun Hussein Onn ? They have already so much in their coffers which is more than they can chew !
2017-05-17 16:33 | Report Abuse
Ini semua "SANDIWARA" ! Haha ! Wah Haa Haa !
2017-05-17 16:26 | Report Abuse
Mudajaya a better bet for the longer term ! Something is brewing there !
2017-05-17 16:23 | Report Abuse
Eco World won't be interested in such Government Project as it's political ! Tan Sri Liew is smart to steer clear of politically linked Projects ! Some more mana ada such MEGA Funds to bid as of late heard "RUMOURS" that Eco World Contractors aren't paid up to date for Work in Progress claims by up to 9 months behind ! Some Contractors claimed that the fund have been used to subscribe for the EWI IPOs that is listed recently !
2017-05-17 16:12 | Report Abuse
IMO No local Contractor will get it w/o foreign Participation ! Pure reason, they want FOREIGN $ as locally siapa ada ini banyak wang to put in ? Maybe this time around by June end "New" tenders closing
, few bids only as what has just happened is already more than "AN EYE OPENER" to would be bidders !
2017-05-12 17:17 | Report Abuse
The selling is to provide liquidity for investors to buy as Major Shareholders Holding is high 63+% ! This Counter is still tightly held for now and for those who sees long term prospect in it, then buy when it is still on the cheap and hold to enjoy the chapters unfolding along the path later ! PM is in HangChou visiting Alibaba's HQ and firmly believes that the DFTZ E-Hub is the way forward for Malaysia to progress Digitaly ! For all these to be a Success, the Master Developer for Internet need to provide platforms for such developments !
2017-05-11 17:01 | Report Abuse
The way I see the shares being push up and down are by the same Operator involved for this Counter ! Private Placement coming up, it should be goreng up what, so what do you do, collect when it went down lor ! The Major Owner is not an Ordinary guy as Netflix was his Startup and now listed in NY Nasdaq ! He can do many more now that REV is leaner without much distraction as he is concentrating on the Bigger Picture in line after being appointed the Master Developer of Kuala Lumpur Internet City (KLIC) which is going to lead the "PACK" in the likes of ALIBABA and lots more Top Notch E-commerce Players of the World ! Take a longer term view my fellow investors/Traders. It just started and Shareholders are already given goodies in the form of ICQ Shares and now in three (3) months time, special Dividend of RM0.43 ! What more Goodies are on the Way, investors just need to have Patience as at the end should prove SWEETER than we expect ! This is an exciting Stock to watch out for !
2015-02-14 12:19 | Report Abuse
Tek Seng Holdings Berhad - Solar Powered Growth
Author: kiasutrader | Publish date: Tue, 13 Jan 2015, 09:24 AM
· Two different distinct earnings stream. TEKSENG is involved in two main sectors namely: (i) plastics and (ii) solar energy. Within the plastics segment, it is engaged in the manufacturing and trading of polyvinyl chloride (PVC) related products and PP non-woven products. TEKSENG ventured into solar energy business in 2011 and started production since 2012. In the solar energy segment, TEKSENG manufactures and sells solar cells, panels and modules.
· Explosive earnings growth from solar energy segment. TEKSENG is currently operating one solar cells production line with capacity of 70.0MW p.a. In Sep 2014, TEKSENG announced that its 68.1% owned subsidiary TS Solartech Sdn Bhd has entered into a MoU with Solartech Energy Corp. (SEC) for the purpose of a strategic alliance. SEC intends to invest RM100.0m in TS Solartech by adding another two new production lines in 1Q15 and 3Q15, which will triple its current production capacity to 210.0MW p.a. This will turn around the solar energy segment from a net loss of RM0.5m in 9M14 to net profit of RM5.0m in FY15E (assuming net margin of 2.5%). Imputing this, we assume net profit to grow with 2-year CAGR of >100.0% for the period FY13-FY15E which implies FY14-FY15 Fwd. PER of 12.6x-10.6x, respectively.
· Steady plastics play. Its plastics business recorded stable single-digit revenue growth for the past three years (in the range of 2.0% to 8.0%). We understand that management has no intention to expand its plastics segment aggressively. Thus, we are expecting a steady 2.0% revenue growth from this segment going forward.
· Potential to spin off solar energy segment. We are projecting the solar energy segment to contribute 51.2% of Group’s revenue in FY15E. We see a possibility that TEKSENG could spin off its solar energy segment, so it can focus on its solar cells business and unlock value for shareholders. In fact, our recent meeting with management revealed that they do not rule out this possibility. However, timeline is uncertain.
· Issuance of free warrants. TEKSENG has proposed a bonus issue of up to 120.0m free warrants on the basis of 1 free warrant for every 2 TEKSENG shares. The warrants can be converted into TEKSENG shares anytime after being listed at the exercise price of RM0.25. The proceeds to be raised by exercising the warrants will be utilized for working capital. Assuming full conversion of warrants, it will enlarge the share base to 360.0m (from 240.0m), while fully diluted FY15E EPS is 5.5 sen.
· Fairly valued for now. We have projected FY14-15E net profits of RM16.7m and RM19.9m for TEKSENG on the back of: (i) a stable 2.0% revenue growth from plastics segment and (ii) 2-year CAGR of >100.0% revenue growth from solar energy segment. This implies that the stock is trading at a forward FY15 PER of 10.6x on FY15 basic EPS of 8.3 sen (vis-à-vis peers that are trading at 8x-10x FY15 PER). Assuming a 10.0x PER to FY15 EPS,
we believe TEKSENG’ should trade closer to RM0.83.
We have a NOT RATED call on the stock.
Source: Kenanga
2015-02-14 00:16 | Report Abuse
Apa Macam ? Let's wait for the upcoming 4th Quarter,2014 FR later !
===================================================================
Tek Seng expects big payoff from solar segment
Publish date: Wed, 14 Jan 2015
Tek Seng Holdings Bhd, a solar cell and polyvinyl chloride (PVC) manufacturer, expects its solar segment to contribute handsomely to the revenue for the financial year ending Dec 2015 (FY15). This is driven by the group's subsidiary TS Solartech Sdn Bhd which has entered into a memorandum of understanding with Taiwan-based Solartech Energy Corp (SEC), its executive Chairman, Loh Kok Beng said.
•"We have begun to set up the second and third assembly lines and expect to start production in the first quarter of this year," he said.
•He added that the solar segment, which currently contributed 30% to Tek Seng's revenue, would become the main driver in the next two years, fueled by growing demand for solar products. (sun)
Source: CIMB Daybreak - 14 January 2015
======================================================================
PublicInvest Research Headlines - 8 Dec 2014
Publish date: Mon, 8 Dec 2014, 11:01 AM
Tek Seng: Solar cell business to contribute significantly. Tek Seng Holdings expects its solar cell business to contribute more than 50% to group revenue for 2015, compared with about 30% presently, riding on strong demand from customers in the United States, China and Europe. Group MD Loh Kok Beng said that the group would be ready to ramp up production by April. “The orders are coming in very strongly for the 1Q of 2015, filling up the order book fast. We expect the trend to continue for the rest of 2015. “The RM87m investment for two new production lines would be ready by Feb and April, which will enable us to produce 50m solar cells per annum, compared to 16.6m presently. (StarBiz)
2015-02-13 23:44 | Report Abuse
Guys,
Me think these Kiasu Directors also need $$$ for CNY ! But being Kiasu, doesn't want to dilute their share holdings, so someone comes up with this brilliant idea of issuing "FREE WARRANTS" to all the shareholders ! By this they actually are killing TWO (2) Birds in one scoop !
Here is why :
First, as Warrants is issue free, Kiasu Directors short it down by dumping aggressively to get their BIG FAT CNY AngPow. (It should be noted here that if the coming FR to be released by 27th February, 2015 is not GOOD, let us, shareholders lodge reports to the Authorities concerned to investigate for INSIDER TRADING !)
Secondly, Kiasu directors can assure of cheap FUNDS come year 2020 from Warrants conversion !
As I forsee that tek seng's share has reached it's NTA value of RM0-57, it should stabilize ! If FR is good , share price should rise !
This just my 2 cents opinion !
Good Luck to all who bought at this closing price !
Gong Xi Fa Cai !
2014-08-30 23:38 | Report Abuse
This is most appropriate for stayer : http://www.youtube.com/watch?v=MpGgCrcfWBg
Enjoy !
2014-08-16 17:20 | Report Abuse
Conservative Holding Company of PMetal and Parcels of Land and Factories near at Segambut or is it near Klang if revalue what do U think the NTAB to be ?
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2017-12-29 15:52 | Report Abuse
If you want those TA Stockists to be successful, then follow the "HERDS" and be in their game lor ! Apa nak "PANIC" ! Buy and hold, don't dumped to them guys !