hahhahaa skyrider, i don need to hard sell. u guys can just sell because more heavy selling won't affect me. I'm a hardcore value investor, i buy on bargain values if i see it fits my investment criteria. Layoff of workers due to redundancy may be viewed as either bad or good. I see this move is for the benefits of the company to mitigate any weaker sales ahead and costs management for mid to long term sustainability of the businesses. Always buy the shares of the company as if u own and operate it yourself. I'm confident with the management otherwise TS won't have explosive business growth due to a switch of business to solar panels.
solar manufacturers in china/taiwan are banned to export their products to US/Europe. Solar panel manufacturers in malaysia are not banned to export into those markets. This is widely known and u can't simply compare TS to peers or its parent company in Taiwan.
monkey, it's easy.....just sell if u not confident. simple as that. Let people like me take the risks and buy. I have patience to make money and u have patience to watch it go down and wishing me lose. So go ahead and sell yours too.
The proposed retrenchment - if it's done to tighten the company's operations and protect its profits, that's a good thing. If we think about it, that shows the management is proactive and decisive. There might be less demand for the solar products and the company is simply adjusting to navigate through this situation.
We will have to see this quarter's results first to better assess Tek Seng's future potentials. As it is, the fact remains that its past few quarters have been very good, with an increase in revenue and profit. Let's see how the share price closes today. One encouraging development - it has rebounded from the 1.03 earlier today. That could indicate the weak holders have gotten shaken out. Watch the price action. There could be a chance to make a few ringgit.
According to my analysis retrenchment for this company is good because reduce the burden for the company and increase the productivity. We can see that the chairman was announce the purpose retrenchment within 24 hours it consider good and effective management. The share price will increase.
one more thing to share is the 'bad' news effect only have one and half day effect, after that price will be back a little bit. See EVERGRN 5101, GRTONIC 7022, FLBHD 5197.
this yr April got one private placement for tekseng is RM1. Tekseng die die need to maintain this price....goreng 200 ppl also like tht..hahaha..anyway, i have bought some around 1.30..hehe..now still holding..
there are 346,567,162 shares in circulation. more than 53% are held by the Loh brothers. whoever or whatever disposing their shares in open market will come to an end sooner or later. Opportunists just like myself will grab as much lower as possible because TS's fundamentals still intact and the recent retrenchment does not entirely mean negative for the co.
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....
wahahaha
445 posts
Posted by wahahaha > 2016-09-28 10:54 | Report Abuse
gwee, smart and correct move.