Today's sell-down sentiment driven Tek Seng's management needs to clarify on the redundancy issues to shareholders It is their fiduciary duty to do so especially to their cornerstone investors which I believe includes EPF among others
the retrenchment for 5-7th production line which is the solartech taiwan 5+5 tenure basis line.... solartech in taiwan is reducing their production since july...
Sell hou lekk I say since day 1 already Tekseng management like to con ppl Say one thing but do another thing Say want to expand production line but go & layoff production staff instead Ngak yan
4 new lines are expected to be fully operational in Sep. If this is more advanced automation machine, the retrenchment should be planned earlier and not a sudden short notice by one day only. It may mean that the Company's incoming order is very low until the Management decided to cut labour cost. However, in earlier press release, the management also mentioned that the Solar order's already fully booked until end of this year? Waiting the board to make clarification on this.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Izam_mahathir
285 posts
Posted by Izam_mahathir > 2016-09-21 16:46 | Report Abuse
As usual..a month before qr it will shoot up