Posted by mando > 2016-09-29 21:32 | Report Abuse

If condition worse, can drop till 55sen......

Posted by twoplus > 2016-09-29 22:22 | Report Abuse

wait at 0.89

Posted by Izam_mahathir > 2016-09-29 22:26 | Report Abuse

Why everyone give their tp damn low?lot of pessimism here

Posted by kt_invest > 2016-09-29 22:27 | Report Abuse

With the lay off, this will affect the solar contribution. Would this be reflected in the coming quarter report? Last time i was hoping its solar expansion will fuel the earnings. Many new lines were in plan to be rolled out. This propect contributed to the price rally. Quarter earnings were higher and higher.

With the lay off, clearly the expansion is put onhold. Demand is falling. Solar earnings may turn southward. Bear in mind, last quarter, the solar earnings were not tht great and was balanced by non-solar segment.

Posted by Lk036 > 2016-09-29 22:30 | Report Abuse

Sentiment now is affected. Tp 0.8

Posted by kt_invest > 2016-09-29 22:32 | Report Abuse

Posted by skyrider > Aug 13, 2016 11:37 AM | Report Abuse 

Actually 2Q was saved by the PVC and other business, otherwise 2Q result will be quite poor. 
solar profit 1Q - 20.32 mil 2Q - 13.268 mil 
PVC profit 1Q - 3.867 mil 2Q - 7.416 mil 
other profit 1Q - 0.861 mil 2Q - 2.09 mil 
This is mainly due to decrease of unrealised forex gain in the solar business. 
With RM in 3Q is about the same as 2Q and if PVC and other business drop in 3Q, even with the additional 3 solar lines (which only fully operational in Sept 2016) 3Q result may not be good as I expected earlier. 
http://www.thestar.com.my/business/business-news/2016/07/18/tek-seng-counts-on-solar-cell-business/ 
May have to wait until 4Q out before we really see excellent result. This time really need patience with ah seng.

Posted by kt_invest > 2016-09-29 22:38 | Report Abuse

One forumer posted his analysis on last quarter report. Solar earnings were already coming down. This could be the start point where solar business is turning south. The layoff event is a strong signal.

Tekseng is a growth story play. With solar future in shaky ground, the growth play no longer valid.

All the hopes on solar expansion now also questionable.


Remember tht mr.Loh bought huge chunk offmarket? (~rm3mil worth of shares). Seems like tht is to avoid market panic.

Take care guys. Decide on your own. Strong signals are there for us; news, management actions, last quarterly figures.

Posted by noobnnew > 2016-09-29 22:43 | Report Abuse

Just wanna ask where is all the sifu like Harry and Erkongseng that promote it hard? All quiet now and go promote other counter? I hold this counter since last Dec and I have seen worse when their Solar business still losing money but company still trading at 80 to 90sen. Now with just three line cut ppl are giving extremely low TP. Just ask some question. Do you believe solar energy is the future? Do you prefer management to keep quiet and not doing anything during low demand or save cost? When other are pessimistic I actually see some opportunity. The problem on retailet are they tend to buy high when good result and sell low during bad news. However the decision still yours to make and by the time of speaking I hold some of the company share.

Cheers

Posted by kbkool > 2016-09-29 22:44 | Report Abuse

Just think, if expand, why retrench? something is not right somewhere...

Posted by Hunter Cho > 2016-09-29 22:48 | Report Abuse

actually retrenchment was the wrong word to use. they were hiring faster than needed hence getting rid of waste or surplus.

Posted by Hunter Cho > 2016-09-29 22:50 | Report Abuse

with current capacity they have more than enough for expansion many folds over

Posted by Lk036 > 2016-09-29 22:52 | Report Abuse

The above assumption may be true unless ah seng already brought in foreign worker. Understand engineer also been retrend.

Posted by kevin008 > 2016-09-29 23:41 | Report Abuse

Maybe tmr annoucement..boss mr loh acquired more shares haha
Kesian those sold at lower price

Posted by skyrider > 2016-09-29 23:50 | Report Abuse

kt_invest, don't think the lay off will have much impact on the bottom line as the main issue for 3Q
is not sale volume but profit margin. PV prices has dropped drastically in 3Q, so much so that Taiwan Solartech
is estimated to incur loss for the qtr ending Sep-16 and Dec-16.
http://www.reuters.com/finance/stocks/financialHighlights?symbol=3561.TW
I understand ah seng has better profit margin compare to Taiwan solartech as malaysia is not affected by
U.S. tariff on pv products, however ah seng will be affected by this global pv price drop nonetheless.
(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 much more than 15% I deduced and this will definitely cut profit margin a lot (lucky if no loss).
I do not think ah seng will make loss like Taiwan Solartech due to this pv prices drop, but profit definitely will be
reduced severely. Based on the circumstancial data I have above, my estimated GUESS is ah seng 3Q solar profit
will be cut at least by half compared to 2Q.
--------------------------------------------------------------------------------
Posted by kt_invest > Sep 29, 2016 10:27 PM | Report Abuse

With the lay off, this will affect the solar contribution. Would this be reflected in the coming quarter report? .....

Posted by muter > 2016-09-30 07:27 | Report Abuse

Value wise, Tek Seng is trading at 5x PER. The management has clarified there is minimal impact on the recent retrenchment due to some productivity enhancement. In fact they also mentioned they still have 500 employees doing the production lines. There is no mention of production cuts whatsoever... Dont believe management? Dont forget tekseng has already delivered handsome result for 3 consecutive results. And also dont forget ringgit is still weak at the moment. While downside risk is limited due to some uncalm panic selling, this stock's risk- reward ratio looks very compelling..

Posted by bjgdila123 > 2016-09-30 08:21 | Report Abuse

buang staff mesti co ada masalah besar, buat apa mau beli dia punya saham. BODOH

Posted by optimus9199 > 2016-09-30 08:32 | Report Abuse

trade with caution

Posted by chiahs > 2016-09-30 08:36 | Report Abuse

Retrenchment = why hired at the first place knowing productivity enhancement/majority under probabtion , wrong planning at management level ke

Posted by chiahs > 2016-09-30 08:37 | Report Abuse

Wait till next Q result to decide enter boh

Posted by mamatede > 2016-09-30 08:39 | Report Abuse

They may even hired contract staff for a particular role, and retrench them when completed...

Posted by calvintaneng > 2016-09-30 08:47 | Report Abuse

Better sell all Tekseng shares before it breaks Rm1.00 barrier.

Once broken again you may not see Tekseng above Rm1.00 for a long long time again.

So get out and get out Fast!

Then?

THEN GO AND BUY SOME BPURI SHARES WHILE STILL CHEAP!!

Posted by CKSipoh > 2016-09-30 09:10 | Report Abuse

not for today ,,,today will stay support

Posted by wahahaha > 2016-09-30 09:11 | Report Abuse

calvin, don be a cheapskates promoting other company here. is that ur best shot?

Posted by wahahaha > 2016-09-30 09:11 | Report Abuse

it's true what venfx said abt u hahhahaha now i see

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

rebound but limited upside (main sendiri)

Posted by Patrick13 > 2016-09-30 09:13 | Report Abuse

bounce back in the last day of September?

Posted by Analyst > 2016-09-30 09:14 | Report Abuse

today for sure it will back top 1.1

Posted by wahahaha > 2016-09-30 09:15 | Report Abuse

TS is cheap with brighter prospects. PM najib is in talk with German chancellor angela merkel and u guys should know germany is the largest producer of renewable energy. The green renewable energy theme will be in play in Bursa!

Posted by hasimdaud > 2016-09-30 09:16 | Report Abuse

0.69 cent company

Posted by Isaac320 > 2016-09-30 09:17 | Report Abuse

wahahaha, jz let them sell la. let TS proves whether it worth the price or not.

Posted by gusheng > 2016-09-30 09:19 | Report Abuse

those who miss the boat, better hurry up....hahaha

Posted by buddyinvest > 2016-09-30 09:26 | Report Abuse

Clarifications from Tekseng

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.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5218717

Posted by BRITISHEMPIRE > 2016-09-30 09:27 | Report Abuse

Tekseng
Author: Olga | Publish date: Fri, 30 Sep 2016, 08:31 AM

​A Wave Across Penang
Tek Seng Holdings Berhad



Tek Seng Holdings Berhad ("TekSeng") was incorporated in Malaysia under the Company Act, 1965 on 10 May 2002 as a private limited company under the name of Tek Seng Holdings Sdn. Bhd. On 16 May 2003, it was converted to a public limited company and assumed its present name.

TekSeng was listed on the Second Board of Bursa Malaysia Securities Berhad on 2 November 2004. On 22 September 2006, TekSeng was successful transferred from the Second Board to the Main Board of Bursa Malaysia Securities Berhad.

TekSeng is an investment holding company. Its subsidiaries are principally engaged in manufacturing and trading of polyvinyl chloride related products and PP non-woven products and letting of properties.

The Group has a track record of more than 30 years in the plastics industry with the late Loh Phah Seng @ Loh Boon Teik as the original founder until 1989, when Loh Kok Beng, his eldest son took over the management of the business.

TS Solartech Sdn Bhd (920573-K)
Plot 320, Jalan Perindustrian Bukit Minyak 8,
Penang Science Park Bukit Minyak, MK13,
14100,Seberang Perai Tengah,
Pulau Pinang, Malaysia
Founded in 2010, located in Penang Science Park Malaysia, TS Solartech is dedicated to the research, development, and production of high-quality solar cells, modules, and PV system. The company strives to become one of the world’s leading solar supplier through continuous innovation, outstanding processes, high yield rates, and world- class product efficiencies.
TS Solartech was established as a subsidiary of Tek Seng Holdings Group, a well-established PVC products manufacturer for over 30 years. Since 2010, TS Solartech has become the first Malaysian-owned company that inked contract with German leading solar equipment maker and equipped with the first automatic solar cell-manufacturing equipment in Malaysia. Under its leadership, TS Solartech is committed to provide a clean and effective solar energy with affordable price for a sustainable world.
From the beginning of its production in June 2012, TS Solartech has been working tirelessly to boost the output and efficiency. As of 2015, TS Solartech has achieved a yield rate of 98% with an average conversion efficiency of 17.8%. TS Solartech plans to continue expanding its production capacity in order to achieve greater economies of scale as well as being more competitive.
As an international manufacturer, TS Solartech consistently provides premium quality solar cells, with outstanding delivery, reliability and a competitive price. By upgrading its product efficiency and service quality, TS Solartech constantly supplies state-of-the-art crystalline solar cells to prominent international module manufacturers worldwide.
At TS Solartech, it is essential to focus on establishing long-term supplier relationships with major international makers. In the future, TS Solartech will be forming strategic alliances of upstream polysilicon wafer makers together with downstream module manufacturers and system integration distributors, in order to enhance its competitiveness through vertical integration and to create value for the entire supply chain.

Posted by BRITISHEMPIRE > 2016-09-30 09:27 | Report Abuse

BUY BUY BUY

Posted by buddyinvest > 2016-09-30 09:28 | Report Abuse

will be back to 1.40 soon.

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

will go below RM1 today

Posted by ruffer > 2016-09-30 09:30 | Report Abuse

British Empire you are back.. :)) . Loaded in when they were selling frantically ??

Posted by wahahaha > 2016-09-30 09:32 | Report Abuse

do u see what i been telling u all? selling out fast! PM Najib in talks with German Chancellor Angela Merkel!! Germany is world's largest green renewable energy leader with highest output of megawatts! Do u not see the big pictures? Najib said to seek more technology transfer from Germany to Malaysia. Oil palm will do good also because Najib said to go all out to fight for trade barriers/restrictions with EU countries so we can export more to EU.

Posted by wahahaha > 2016-09-30 09:33 | Report Abuse

Congratulations to those who follow my calls!

Posted by wahahaha > 2016-09-30 09:35 | Report Abuse

Do not sell TS shares. More to come to the green renewable energy scenes in Malaysia!! The dramatic fall in TS share price is a once in a lifetime opportunity! Invest like a real business owner! I dare tell u guys that TS will shoot up skyrocketing!

Posted by wahahaha > 2016-09-30 09:37 | Report Abuse

TS is already the largest manufacturer of PV cells and panels in M'sia with technology transfer from Joint venture partner Taiwan's listed company Solartech! u wanna make a lot of money then don't sell! I bought a large stake since 2 days ago and NOT SELLING.

Posted by wahahaha > 2016-09-30 09:38 | Report Abuse

Sime darby is venturing into solar farm in kedah as well in a massive project! Expect a green renewable energy theme! Don't play O&G counters, Petronas cutting staff and projects

Posted by skyrider > 2016-09-30 09:40 | Report Abuse

Those who follow BRITISHMPIRE call earlier is having big loss now, those who follow wahahaha calls will in time (latest by the time poor 3Q result out) make big loss also.

Posted by Alex Chan > 2016-09-30 09:40 | Report Abuse

Actually if you analyze the PE, now its sitting at PE 10 based on 2 quarters results.
Even if it suffers eventual slowdown, average Eps could be 3 assuming 30 %drop. That's 12 cents annualised. PE at 10 is 1.20
Upside still high

Posted by wahahaha > 2016-09-30 09:41 | Report Abuse

TS NEVER fail to impress! it will return to previous price line in no time! hahahhahaha

Posted by wahahaha > 2016-09-30 09:42 | Report Abuse

stupid and ignorant people will not make money.

Posted by wahahaha > 2016-09-30 09:43 | Report Abuse

upside in TS is massive!

Posted by Noni > 2016-09-30 09:43 | Report Abuse

Posted by wahahaha > Sep 30, 2016 09:33 AM | Report Abuse

Congratulations to those who follow my calls!


*********************

Those who follow your call since day 1 drop, die already lo.
Today T3, Tuesday T4

Posted by Nigel Low > 2016-09-30 09:48 | Report Abuse

Oversold, now investors started coming back.

Posted by wahahaha > 2016-09-30 09:51 | Report Abuse

sell if u not confident or interested. i'm still collecting. invest based on fundamentals. if u so easily shaken by some bad news, u will never gain. u can only buy cheaper when its sold below market price. if u don't believe me then we will talk about this in 1 month's time from now and it will be appreciated so much by then.