Posted by Bullhunter > 2016-09-29 10:26 | Report Abuse

not looking good, already breach 1.00 level..

Posted by Noni > 2016-09-29 10:27 | Report Abuse

Agree.
And there is a long weekend coming up.

Posted by Lukesharewalker > 2016-09-29 10:28 | Report Abuse

Obviously stoppers are placed at 1.02 and 1.03

Posted by joni > 2016-09-29 10:35 | Report Abuse

shared opinion and agreed to disagreed ; take action & practice make perfect.

Posted by tjhldg > 2016-09-29 10:39 | Report Abuse

testing :)

Posted by Lukesharewalker > 2016-09-29 10:46 | Report Abuse

Its a very big shark. Likely major shareholders involved...

Posted by beso > 2016-09-29 10:51 | Report Abuse

sure below 1.00

Posted by Isaac320 > 2016-09-29 10:53 | Report Abuse

everyone is looking for durian runtuh....

Posted by Lukesharewalker > 2016-09-29 10:55 | Report Abuse

They have to borrow shares to sell down like that....

Posted by TomyamGong > 2016-09-29 10:58 | Report Abuse

Hopeless counter. Be careful for the next big drop

Posted by Lukesharewalker > 2016-09-29 11:03 | Report Abuse

Warrants are reasonable prices for trading....hahaha

Posted by Lukesharewalker > 2016-09-29 11:04 | Report Abuse

Road block withdrawn....hahaha

Posted by Hunter Cho > 2016-09-29 11:20 | Report Abuse

wa so cheap no business also worth more than this price just buy no brainer

Posted by kevin008 > 2016-09-29 11:27 | Report Abuse

come on..lelong sales hehe

Posted by Izam_mahathir > 2016-09-29 11:44 | Report Abuse

I saw in penangkini ex worker said retrenchment only for new line worker.old lines is still intact.production increase like hell and they feel like slave.its good thing to hear from dissapointed worker

Posted by Noni > 2016-09-29 11:56 | Report Abuse

Share the newslink please

Posted by muter > 2016-09-29 12:19 | Report Abuse

Now is trading 5x PER if anyone here notice.. Downside risk no more already... once seller finish selling, the stock will fly.....

Posted by Noni > 2016-09-29 12:21 | Report Abuse

What happens when the E drop next few quarters?

Posted by chl1989 > 2016-09-29 12:28 | Report Abuse

Lesson learnt for tekseng management. listed company needs to manage the sensitivity properly. Simply terminate staff in 24 hours. No protocol at all. Damn chinaman. Lousy.

Posted by wahahaha > 2016-09-29 12:30 | Report Abuse

those who sold will regret big time. u will remember i said this hahhahahaha

Posted by beso > 2016-09-29 12:31 | Report Abuse

will drop further

Posted by Patrick13 > 2016-09-29 13:02 | Report Abuse

Today read from Nanyang news saying that most of the workers still under probation period, therefore just need one-day short notice only. Only few of them is experienced workers and paid them reasonable compensation already.

Posted by Izam_mahathir > 2016-09-29 13:37 | Report Abuse

Penangkini is a facebook page.they also said jinko will do retrenchment also.for me its just a global problem not company problem.now is low tide in solar.but still i mad about their late clarifying.hope they will learn.its a public company not kedai cendol

Posted by speakup > 2016-09-29 13:48 | Report Abuse

look like going to limit down soon

Posted by Nigel Low > 2016-09-29 13:48 | Report Abuse

Global solar modules facing oversupply. So trade with care.

Posted by mmk79 > 2016-09-29 15:04 | Report Abuse

wow wow wow, very chun price to in now.

Posted by stockmanmy > 2016-09-29 15:25 | Report Abuse

shit....nobody who bought TeK Seng this year and still hold make any money


lol

Posted by joe79 > 2016-09-29 16:24 | Report Abuse

ini kompeni senang2 buang staff.. kasi ajar sikit, boikot saham dia..

Posted by gusheng > 2016-09-29 16:29 | Report Abuse

someone is keep throwing at 1.02

Posted by Patrick13 > 2016-09-29 16:57 | Report Abuse

already laosai consecutive 3 days... waiting the right timing to topup

Posted by ruffer > 2016-09-29 17:23 | Report Abuse

Compared note on their retrenchment notice versus public reports. Sure indeed over played by emotions and splendid work play strategy to create panic. Indeed this exeercise impaired the groups future earnings but not immediate but a healthy action. Actually potential employees had been notifed in advance as notice period but outsiders would view it oh dear 24 hours leavers . and even being compensated. Natural no one is contented with such offers. Good ploy to buy back cheap to top up gain made. Oversold for sure . Lets all panic sellers leaves so that no more havoc and unreasonable laosai... Ha Ha. TV media already pay them a visit for some coverage..

Posted by fatty_tang > 2016-09-29 17:31 | Report Abuse

http://www.theedgemarkets.com/my/article/penang-says-latest-bout-retrenchment-not-reflective-states-employment-climate?utm_source=dlvr.it&utm_medium=facebook

Posted by fatty_tang > 2016-09-29 17:32 | Report Abuse

GEORGE TOWN (Sept 29): Penang government says the latest retrenchment exercise at a unit of Penang-based Tek Seng Holdings Bhd was due to the company's redundancy caused by unmet business forecast, and is not reflective of the state's employment climate.

InvestPenang general manager Loo Lee Lian said in a statement today that the agency has been informed of the reason for the 180-staff retrenchment by TS Solartech Sdn Bhd, Tek Seng's solar cell and module manufacturer based in Penang Science Park.

“TS Solartech recently announced the retrenchment of 180 operation staff recently hired on contract, who were on probation employment, and this is out of a total of 400 hired during that period. The affected staff were also offered alternative employment in another factory of the group,” she shared.

InvestPenang stands for Invest-in-Penang Bhd.

Loo asserted that the retrenchment is a management exercise that does not reflect employment climate in the state nor the industry.

She cited a report by analytics firm, IHS Markit, which had noted that the global photovoltaic (PV) module shipments would exceed 2015's shipments by 10%, with revenue forecast to hit US$41.9 billon.

“Two other major solar cells and modules manufacturers in Penang are not only unaffected, but are actually in expansion mode. This expansion by a solar company will be announced soon,” she said.

Posted by BN_menang > 2016-09-29 17:54 | Report Abuse

Only DAP allow this. If Penang go back to BN sure won't happen.

chl1989 Lesson learnt for tekseng management. listed company needs to manage the sensitivity properly. Simply terminate staff in 24 hours. No protocol at all. Damn chinaman. Lousy.
29/09/2016 12:28

Posted by gusheng > 2016-09-29 18:05 | Report Abuse

@fatty_tang : wat message u wana convey ? something to do with tek seng?

Posted by mamatede > 2016-09-29 18:44 | Report Abuse

Tomorrow rebound?

Posted by chl1989 > 2016-09-29 19:11 | Report Abuse

Nope. Closed below 1.04 = collapse :)

Posted by chl1989 > 2016-09-29 19:11 | Report Abuse

If you are planning to keep, you must need longer holding power :)

Posted by Anson1314 > 2016-09-29 19:14 | Report Abuse

2morrow got below 1 show.

Posted by Woo John > 2016-09-29 19:32 | Report Abuse

BN_menang..... this is a forum discussing investment. Kindly leave out your politic belief for benefit of all.

Posted by kevin008 > 2016-09-29 20:18 | Report Abuse

We refer to the above article that appeared in New Straits Times on 27 September 2016, with particular reference to the statement in the 1st paragraph reproduced as follows:



“Another wave of retrenchments has apparently hit Penang’s manufacturing sector, with a sudden announcement to over 200 employees that they are out of jobs.”



We wish to clarify that the above measures undertaken by TS Solartech Sdn Bhd, a 50.69% owned subsidiary of Tek Seng Holdings Berhad (“Tek Seng” or “the Company”) is to optimize manpower to enhance productivity efficiency and to reduce its operating cost over the longer term.



The cost saving measures will not have any operational impact on TS Solartech Sdn Bhd or the Group. TS Solartech Sdn Bhd still has sufficient manpower of around 500 employees to fulfill the operation lines and is operating as usual in Penang Science Park. The Management of TS Solartech Sdn Bhd had resolved the issue by compensating monetarily. Despite that, the financial impact of manpower retrenchment is minimal.



The Company has and will always been looking to improve the Group’s performance and to increase its shareholders’ value.



This announcement is dated 29 September 2016.

Posted by Lukesharewalker > 2016-09-29 20:25 | Report Abuse

Now stories of clarifications comes out, the shares would be pushed up. That's just like the sharks strategy

Posted by sell > 2016-09-29 20:44 | Report Abuse

My TA sifu say sell.

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

no sight of reversal yet

Posted by TomyamGong > 2016-09-29 21:13 | Report Abuse

Now only sell? Although is loss, but still not too late yet, I gave sell call when it was 1.27 but nobody care. Hahaa

Posted by Anson1314 > 2016-09-29 21:14 | Report Abuse

price can go lower 0.980

Posted by CKSipoh > 2016-09-29 21:17 | Report Abuse

will easily hit rm0.85 if sentiment worldwide not good,,be alert on German largest bank,,,,once crash,,,I dun think tekseng can sustain wit current price

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

GEORGE TOWN (Sept 29): Penang government says the latest retrenchment exercise at a unit of Penang-based Tek Seng Holdings Bhd was due to the company's redundancy caused by UNMET BUSINESS FORECAST

Posted by mando > 2016-09-29 21:30 | Report Abuse

solar biz is on down trend.........more downside pressure expected drop to 70sen

Posted by hornbill > 2016-09-29 21:30 | Report Abuse

BN_menang don't talk shit here.. Penang lang already rejected BN.