Posted by bigbigboss > 2016-09-27 21:23 | Report Abuse

before say about will expend the new production line but now cut current production line ?

Posted by chl1989 > 2016-09-27 21:23 | Report Abuse

Optimus mana? U said you know the cfo mah. :)

Posted by YLR33 > 2016-09-27 21:24 | Report Abuse

ts have any advantage compare to first solar? can any ts bull share to us

Posted by mamatede > 2016-09-27 21:24 | Report Abuse

TS has been up approx. 300% in 1 year time.. maybe is time to take profit?

Posted by TomyamGong > 2016-09-27 21:29 | Report Abuse

Retrenchment compensation is not the main issue. The main issue is why they retrench them? Look at the volume 4 weeks ago, this time is not joking.

Posted by hornbill > 2016-09-27 21:31 | Report Abuse

UOB downgrade TS to sell. TP 1.05

Posted by Sharesa > 2016-09-27 21:41 | Report Abuse

Hornbill, can post the article?

Posted by Tai KT > 2016-09-27 21:42 | Report Abuse

Investment is always not easy, you have to manage your risk even it is a good company. Once the fundamental had change, you should make a choice either stay or leave. I look at the chart and volume, if you know about TA, you might know why decision should make.

Posted by kevin008 > 2016-09-27 21:48 | Report Abuse

（吉隆坡27日訊）德成集團（TEKSENG，7200，主板消費股）子公司——TS Solartech私人有限公司，傳來裁員的噩耗，拖累該股今日大熱走跌，全天下跌18仙或14.17%，至1.09令吉，位居熱門榜及下跌榜第7和第5名。

TS Solartech私人有限公司于26日發出一則裁員聲明，指該公司因產能過剩而須將第4至第6條生產線的員工裁退，相信將近240名員工受影響。

德成集團執行董事駱永俊在接受《東方財經》電訪時表示，此項裁員的目的是為了減少不熟練及未正式受聘的員工人數，而該公司對受影響員工所做出的賠償金額僅約10萬令吉，因此，相信對公司的整體影響不大。

另外，駱永俊指出，德成集團擁有足夠的員工，以應付公司的生產需求；同時，配合自動化生產線，該公司進行裁員，把員工人數從近800名，減至500多名。

詢及其他生產線的員工是否會受影響時，駱氏答道，該公司不會再進行類似的裁員計劃。

Posted by kevin008 > 2016-09-27 21:50 | Report Abuse

大華繼顯發表的分析報告也指出，雖然太陽能領域的長期前景保持正面，但太陽能晶片的平均售價正面臨壓力，短期料持續低迷。

「德成集團太陽能晶片的平均售價從8月的每兆瓦32美分，下跌至9月的每兆瓦27美分。」

德成評級下調

大華繼顯分析員認為，德成集團的裁員舉動料對該公司的影響不大，原因是此次裁員的開銷將由客戶承擔。

分析員解釋說，德成集團的第4至第6條生產線已由台灣的客戶承包。該客戶在簽訂最低數量的訂單后，若是無法達到最低訂單要求，將作出賠償。而且該公司也可將成本轉嫁給客戶。

「德成集團第4至第7條生產線已簽訂5年的訂單合約，及5年可選擇性續約。」

同時，分析員稱，上述生產線的賺幅較其他生產線低，預計每年貢獻500萬令吉，或相等于2017財政年盈利的10%。

太陽能板價格趨軟

另外，根據《Energy Trend》的報道，雖然太陽能需求處上升趨勢，但太陽能晶片的售價在9月下滑，主因為供應商競爭激烈及美國市場可從其他免稅供應商拿貨。

分析員認為，德成集團2016財政年將取得明顯的成長，但由于太陽能晶片價格趨軟，因此今年下半年盈利料不及上半年。

整體而言，該分析員將德成集團今明兩年的太陽能板平均售價分別下調13%和17%，至每瓦30美分至32美分，並將該股投資評級下調至「賣出」，目標價為1.05令吉。

Posted by skyrider > 2016-09-27 21:51 | Report Abuse

REPEAT OF 2011 SOLAR BUST. Last time the slump lasted 2 years. Tihis time how long?
- Supply glut comes five years after industry’s last downturn
- Prices are slumping, and suppliers expect margins to slip as well. It’s a pattern we’ve seen before, after a global oversupply five years ago drove dozens of companies out of business.
- “Oversupply appears to be business as usual in the solar industry,”
- The solar industry went through a similar boom-bust cycle after capacity grew faster than demand, triggering a two-year slump starting in late 2011.
pls refer to the link by YLR33 earlier.
http://www.bloomberg.com/news/articles/2016-08-23/solar-industry-braces-as-looming-glut-threatens-to-erode-prices

Posted by kevin008 > 2016-09-27 21:55 | Report Abuse

100k retrechment cost only...so panic?

Posted by bigbigboss > 2016-09-27 21:56 | Report Abuse

SELL TP RM 1.05

Posted by Sharesa > 2016-09-27 21:56 | Report Abuse

From 800 staffs reduced to around 500 staff, thats at least 30% down!

Posted by MuttonCurry > 2016-09-27 21:57 | Report Abuse

Wah ... been a long time since i run like no tomolo. Likely today came out with some kuaci money. Now sit sideline and watch R+ rated horror movie tomolo

Fire staff means anticipate very bad news on the revenue side of things ? Taiwan or Bolehland make no diff to me.

Posted by kevin008 > 2016-09-27 21:58 | Report Abuse

Go see tekseng 30/6 qtr report la..not only solar segment profit..pvc segment also profit improve la..if without solar still got profit 9m lah

Posted by kevin008 > 2016-09-27 21:59 | Report Abuse

Simply ask ppl sell...what intention?

Posted by MuttonCurry > 2016-09-27 21:59 | Report Abuse

ok kevin008, i run my 100m today .. i pass the baton to u tomolo lah !

Posted by kevin008 > 2016-09-27 22:02 | Report Abuse

Even the solar selling price reduce..the line 4-6 got minimum order one..if not the client need to compensate
Beside pls go check n compare the usd/rm apr16 to jun16 n jul16 to sep16

Posted by bigbigboss > 2016-09-27 22:05 | Report Abuse

kelvin008 we dint ask you sell and run. We hope you buy more tomorrow

Posted by buddyinvest > 2016-09-27 22:07 | Report Abuse

Hehe. Buy

Posted by skyrider > 2016-09-27 22:12 | Report Abuse

A lot ppl buy tekseng for the solar expansion story.
Now no expansion, so more got production reduction and lower profit margin (lucky if no loss) and this solar slump may last for quite some (the 2011 solar slump lasted 2 years! ), then any good reason to stay on?
For the PVC? oh no ..... pvc is not why ppl buying tekseng.

Posted by MuttonCurry > 2016-09-27 22:15 | Report Abuse

Ya lor, 2 weeks ago piuck up cheap ... push up some more then this news come out ... My fault oso ... i nvr do research ... haiz

Posted by kevin008 > 2016-09-27 22:17 | Report Abuse

This line 4-6 1 year only 5m woh..dy sign 5 year contract with minimum order.

Posted by VilyVi > 2016-09-27 23:07 | Report Abuse

From latest news and previous news, the +200 workers laid off were employed in June 2016 and trained to stand by for the newly installed lines in July 2016. However due to market reason, the newly installed lines did not run and the workers have to go. However, Tekseng is getting compensation from customer for the new lines installed due to contract singed to guarantee minimum order by customer.

I believe the old production lines are still running full capacity, therefore we can anticipate that although the 2016 2nd-half production expansion does not happen, the performance would not be too far off from 2016 1st-half. Today market sell-off could be excessive due to panic sell.

Hope my reasoning make sense.

Posted by beso > 2016-09-27 23:09 | Report Abuse

2moro 0.99

Posted by TomyamGong > 2016-09-27 23:20 | Report Abuse

Kevin, please wake up lahh.. I repeat again, it is not the matter of retrenchment and compensation. You need to understand what is the real reason behind the retrenchment. Do u know how big the impact is for 37.5% retrenchment for a company? Especially for a growth company. Somemore directors already goreng the price to the SKY already. I won't be surprise if it drop below 0.80. Sell lah!! Save your another 20% loss.

Posted by stncws > 2016-09-27 23:21 | Report Abuse

from 45c to rm1.3 ... now need to rest!!

Posted by stncws > 2016-09-27 23:22 | Report Abuse

i will pick up 75c!!

Posted by beso > 2016-09-27 23:23 | Report Abuse

yes，sell b4 too late

Posted by nocindycat > 2016-09-27 23:36 | Report Abuse

run run run, i swallow, today a lot swallowing

Posted by skyrider > 2016-09-27 23:45 | Report Abuse

VilyVi, your opinion that performance would not be too far off from 2016 1st-half as production qty remain the same does not hold as u miss out the all important price factor.
大華繼顯發表的分析報告也指出「德成集團太陽能晶片的平均售價從8月的每兆瓦32美分，下跌至9月的每兆瓦27美分。」
That is 15% drop in price in 1 month from Aug to Sep.
How about the price% drop from 2Q (apr, may, Jun)? Should be more than 15% I deduced (as price gradually reduced by time).
This hugh reduction in price will definitely going to give a big dent to the profit margin (lucky if no loss).
That is why 大華分析員認為，德成集團2016財政年將取得明顯的成長，但由于太陽能晶片價格趨軟，因此今年下半年盈利料不及上半年。
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Posted by VilyVi > Sep 27, 2016 11:07 PM | Report Abuse
I believe the old production lines are still running full capacity, therefore we can anticipate that although the 2016 2nd-half production expansion does not happen, the performance would not be too far off from 2016 1st-half.

Posted by nocindycat > 2016-09-27 23:46 | Report Abuse

proven a lot of nuts duno that piece of news don't impact tekseng at all, minimum off take from NSP guarantee profit already, even line 4-6 all workers sack, tekseng still get paid!

Posted by MuttonCurry > 2016-09-27 23:53 | Report Abuse

Becareful ... stay in the sun too long may get sunburn. Tomorrow weatherman say going to be very2 hot just like this afternoon some may kena sunstroke even solar panel can melted oso .... hahahaha

Posted by skyrider > 2016-09-28 00:16 | Report Abuse

The crucial issue now is how much compensation tekseng will get if minimum order not achieved for line 4 to 7?
My deduction is that it is not going to be a small sum, however it will not be huge enough to make a big profit impact.
Otherwise why UOB still project 因此今年下半年盈利料不及上半年.
Furthermore, if the compensation is going to be huge to make a big profit impact,
there is no reason for UOB or Mr. Loh to be silent on the exact compensation amount,
in order to calm the market (in Mr. Loh case).

Posted by nocindycat > 2016-09-28 00:27 | Report Abuse

Compensation will not make the company drop into loss, just lower profit than first half, still cheap, single digit pe all the way

Posted by VilyVi > 2016-09-28 00:35 | Report Abuse

Dear All,

Some old news about NSP (Neo Solar Power) and its earlier capacity shifting plan with Tekseng as attached below for your perusal...looks like Neo now has capacity cut with Tekseng (though it needs to pay compensation) and creates the panic sell of Tekseng shares.



By: Nuying Huang | DIGITIMES | Posted: 25 Sep 2015, 16:12

Share:
Neo Solar Power to shift 350-500MWp solar cell capacity abroad


Crystalline silicon solar cell maker Neo solar Power is planning to move annual production capacity of 350-500MWp from Taiwan to an overseas location in an attempt to avoid US anti-dumping tariffs, according to industry sources.

Malaysia-based solar cell maker TS Solartech may be a target for Neo Solar's capacity shift, the sources said. Taiwan-based solar cell maker Solartech Energy has invested in TS Solartech for a 42% stake and helped the latter expand annual production capacity to 280MWp, the sources indicated. As TS Solartech plans to further expand annual capacity by 750MWp, Neo Solar stands a chance of contributing through moving capacity from Taiwan in exchange for a stake, the sources said.

Neo Solar indicated that it is in the process of setting up overseas solar cell production lines and expects production to begin in early 2016.

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Wednesday 17 February 2016]
In the fourth quarter of 2015, Neo Solar cooperated with Malaysia-based solar cell maker TS Solartech on a plan to to relocate annual monocrystalline solar cell capacity of 350-500MWp from Taiwan to the latter’s factory, with 70MWp having already been moved, the sources indicated.

Posted by VilyVi > 2016-09-28 01:00 | Report Abuse

Dear All,

Hope not to panic, Solar cells demand is cyclic, it will not be the end of Tekseng just because of recent market down. Hopefully demand will be back by end of 2016. Cheers !


【蘇嘉維╱台北報導】太陽能市場受到需求急凍影響，導致電池廠及矽晶圓廠7月起營收銳減，市場及法人皆認為第3季太陽能廠「虧錢虧定了」。至於何時能回溫？業者分析，近來與中國廠商討論出的共識，需求應該會在10月出現，且歐洲9月又會開始拉貨，第4季獲利可期。


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中國補貼到期急凍

目前在太陽能矽晶圓及電池報價仍處下跌，原因不外乎最大需求市場中國在6月補貼到期後，安裝量急凍，報價早在4、5月就開始反映市場需求，到了7月更是急遽下跌，成本價早已潰堤。業者預估，在需求還沒出現前，價格還會繼續下跌。
報價持續下探的結果，廠商紛紛啟動減產措施，降低產能利用率，甚至有廠商已經關閉一半產線，產能利用率僅剩下5成。太陽能矽晶圓業者透露，隨著下游電池廠減產，矽晶圓端產能也從原先的近9成，降至目前的7成5左右。
在需求尚未回溫下，本土太陽能業者紛紛採取降低衝擊措施，矽晶圓廠綠能表示，將透過選擇性接單，盡可能維持獲利水平。至於電池廠昇陽光電及昱晶也採取選擇性接單，昱晶甚至考慮減產，以管控庫存水位。
雖然中國新太陽能政策已經出爐，但拉貨潮仍遲遲未啟動，需求何時能夠回溫，一直都是業者殷殷期盼的曙光。業者指出，根據最近中國客戶討論出來的結果，預估10月會開始拉貨，預期第4季起，中國新年度的太陽能18 GW（Giga Watt，10億瓦）政策將會浮現。



美國安裝年增近倍

除中國市場外，業者也表示，預估9月起歐美市場需求也會隨之升溫，需求不外乎政府政策及自家住宅屋頂需求等。根據美國太陽能產業協會先前報告指出，全美國今年安裝量有望達成14.5 GW，相較去年7.5 GW，成長94%之多。

Posted by cheeseburger > 2016-09-28 01:21 | Report Abuse

lucky..

Posted by INV3ST0R > 2016-09-28 01:32 | Report Abuse

https://www.ft.com/content/caf2b486-6eb9-11e2-8189-00144feab49a

When mighty China dumps, you better run...

Posted by Woo John > 2016-09-28 06:32 | Report Abuse

US First Solar Inc was yesterday best performer up by almost 5 percent in share price. Today will be Tek Seng turns in Malaysia.

Posted by hornbill > 2016-09-28 07:08 | Report Abuse

Sale off will continues today..let wait n see

Posted by Tai KT > 2016-09-28 07:45 | Report Abuse

Is the retrenchment proper, why did not pre alert share holder, good luck for those who stay and those already move.

Posted by Sun Sunny > 2016-09-28 08:14 | Report Abuse

Run... something wrong in the company.

Posted by Abilakh > 2016-09-28 08:51 | Report Abuse

Can anyone share the UOB research report?

Posted by avms01 > 2016-09-28 08:56 | Report Abuse

Retrenchment means prior approval must be obtained from Human Resource Ministry ... this process takes a couple of months.

Posted by Tai KT > 2016-09-28 09:11 | Report Abuse

research will not tell how good on the management, whether they take care and responsible for share holder.

Posted by ruffer > 2016-09-28 09:11 | Report Abuse

Being a public listed company retrenchment needs prior planning and approval so the intended exercise is known m earlier hence all incorporated in before Q3 release . Therefore would say oversold coz should the co have potential huge growth previously promoted, the company would have appreciated in the region of exponential growth between RM 1.50 to RM 1.80 as claimed by all the expert. We have to analyse not con to let the insider gain buying low. My 2 cents view. The co has other core biz to contribute and green still needed .

Posted by MuttonCurry > 2016-09-28 09:24 | Report Abuse

i know one sport shoe company oso same story ... this one fast turning to be china con2 co ?

Posted by SharehlderOppression > 2016-09-28 09:25 | Report Abuse

Agree whole hearted-ly with Sharesa
Management can tell shareholders one thing but do another thing
As of now TS has yet to issue a statement clarifying the matter
Poster ex-CFO above made a good point
“It’s not what happens to you but how you react to it that matters”.
Mr Loh Kok Beng & team could learn a thing or two from Mr Loi Tuan Ee