Posted by wahahaha > 2016-09-30 09:55 | Report Abuse

i'm a hardcore value investor so any lower is the only time to pick up good fundamental shares below market price due to panic selling. Many those called themselves sifu hav failed over the time abt TS.

Posted by hasimdaud > 2016-09-30 09:56 | Report Abuse

uob tp 1.05

Posted by skyrider > 2016-09-30 10:02 | Report Abuse

Ah seng is no taiko who can dictate global solar market price, in fact no solar taiko can.
Whatever fundamental ah seng has also cannot beat this global solar slump, which may last for quite some time (the 2011 solar slump lasted 2 years). So do not make fantasy on quick sand.
http://pv.energytrend.com/research/Oversupply_Will_Prevent_Global_PV_Market_From_Recovering_in_Near_Future.html

Posted by muter > 2016-09-30 10:03 | Report Abuse

Ya lor, ini bukan perwaja ka megasteel.... close factory

Posted by Goldenharvest > 2016-09-30 10:04 | Report Abuse

The management did the right thing to remove redundancy..by removing the excess fat will make the company more mean & lean..a healthy move..good for the company in the long term.

Posted by wahahaha > 2016-09-30 10:07 | 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 ruffer > 2016-09-30 10:08 | Report Abuse

Correct term is redundancy. At least those affected have deem receiving the appropriate compensation based on their tenure with the company. Moreso seem they have new jobs and new management in view TS is not a good place to be in. Those have not got perhaps will have priority in receiving new offers. If not mistaken company that hires them are eligible to obtain tax exemption.... win win situation..

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

as i said before, instant big cost savings which translates into more sustainability of profit earnings ahead.

Posted by wahahaha > 2016-09-30 10:14 | Report Abuse

TS management announced already. so as shareholders, your investment values are prioritized. Good or bad management? think like a real business owner before u invest into TS. I can foresee a massive green renewable energy investment theme to emerge in Bursa listed companies soon with PM Najib in talks with German Chancellor Angela Merkel. Put the bets earlier and reap bigger gains.

Posted by Patrick13 > 2016-09-30 10:16 | Report Abuse

Yes. TS management is doing right thing as they need such clarification to responsible to all shareholders.

Posted by wahahaha > 2016-09-30 10:16 | Report Abuse

skyrider, u talk so much negative abt TS. May u answer if u have shares in TS?

Posted by Nigel Low > 2016-09-30 10:23 | Report Abuse

Have a feeling after lunch will further rocket.

Posted by muter > 2016-09-30 10:34 | Report Abuse

Nigel Low: after lunch RM1.30 possible?

Posted by Nigel Low > 2016-09-30 10:43 | Report Abuse

RM1.30??? You kidding me? Not that fast la, maybe RM1.09 - RM1.10. My personal opinion, happy trading.

Posted by BRITISHEMPIRE > 2016-09-30 10:48 | Report Abuse

Just for everyones info only 11 of the workers were long term workers the other 240 were contract workers only on a short term contract as were not required long term this was the original plan. Company continues the expansion plan.

All I can say to all those panic sellers is thank you I just purchased 150,000 shares at 1.04 compared to 1.30 a few days ago it seems like Air Asia all over again ! All the panic sellers drove that down to .77 I brought at 87 and sold at 2.76 thank you very much indeed. Malaysia is full of shareholders who sell and buy on rumours instead of fundermentals.

Posted by Patrick13 > 2016-09-30 10:54 | Report Abuse

I guess now to another 1-2 weeks still within 1-1.10 range level. After that only gradually back to normal 1.10-1.20 level. If Nov release 3Q result is good, price only will shoot to the sky.

Posted by Patrick13 > 2016-09-30 10:54 | Report Abuse

Anyway, if you are confident on this counter, now is golden timing to buy in

Posted by joni > 2016-09-30 11:50 | Report Abuse

situation better today ; more retails come in participated

Posted by Hunter Cho > 2016-09-30 12:19 | Report Abuse

i bought some more today still low price

Posted by Gwee Jwen > 2016-09-30 13:03 | Report Abuse

Wahahaha , u really can wahahaha d ...

Posted by titus > 2016-09-30 14:21 | Report Abuse

Britishempire, please define short term contract workers. 3 months? 6 months? 1 year? Can you direct us where to find this info. If a short term which is 1 year or less and i believed that the case of your argument, company will not issue retrenchment notice and let the contract expire. This is because if a company issue a retrenchment, it is a serious things. They need to informed labour law and filled the form and to indicate why they are doing this and proof all possibilities has been explore to retained before going down this path.

Posted by kt_invest > 2016-09-30 14:23 | Report Abuse

Lets stay at the side line and monitor.

Posted by Mini Yuan > 2016-09-30 14:26 | Report Abuse

I remember BAT close down its plant at PJ and the share price dropped from 54 to 41. Their intention is the save cost, and now the price is at 50.280. Happy trading :)

Posted by gusheng > 2016-09-30 14:40 | Report Abuse

ei ei rebound yo....dun yelling sell sell d...now is buy buy ok...lol

Posted by BRITISHEMPIRE > 2016-09-30 14:49 | Report Abuse

Yes correct they did inform the Labour department all employees had signed a short term contract with 24 hr notice clause as long as compensation is paid whicj it has been. A contract works both ways the Employees if reading before they signed would see that all these clauses are in the terms. Of couse they did not have to sign but that would mean they would not take up employment. Tek Seng has at all times been following there legal requirements as confirmed by the labour department. I contacted the labour department directly and asked these questions. The labour department are very happy that the contract has been followed and no breach has been made and indeed the company had planned all along to have these workers only on ahort term with a 24hr opt out when they no longer required there employment. Maybe the workers should read what they sign.

Posted by BRITISHEMPIRE > 2016-09-30 14:50 | Report Abuse

The company purely invoked the legal terms of the contract which they are entitled to do !

Posted by gusheng > 2016-09-30 14:53 | Report Abuse

those yelling sell sell now disappear already

Posted by BRITISHEMPIRE > 2016-09-30 14:55 | Report Abuse

Incidently in my capacity as a CEO in London this whole situation tells me Tek seng has very smart and good management who when wmploying protect themselves with strong contracts to enable the company to restructure as required. This is exactly what we do in England and allows efficient and productive long term success of a well run company. In short I am impressed by this management.

Posted by Mohd Fahmi Bin Jaes > 2016-09-30 14:58 | Report Abuse

Astro AWANI was live.
1 hr ·

Ancaman bom disyaki di bangunan Bursa Malaysia - Unit K9 bersama anjing pengesan tiba di lokasi

Posted by wahahaha > 2016-09-30 14:58 | Report Abuse

i hav strong confidence with TS management and directors. They brought steady growth and know how to run a company well. Little known to many but posted explosive earnings growth over the years not to mention recent quarters.

Posted by Analyst > 2016-09-30 16:48 | Report Abuse

德成控股TEKSENG – 裁员风波，该累积吗？
在近2天，有数位股友提起TEKSENG的裁员风波，并问起是否能逢低买入。以下是些资料和看法，供大家参考。
在9月27日TEKSENG的50.69%子公司【TS SOLAR】，在无预告的情况下，发出裁员通知信。根据员工描述，受解雇的员工多达214人，属于第4条至第6条的太阳能电池生产线。【TS SOLAR】是TEKSENG和台湾上市公司【SOLARTECH】合资的太阳能产品制造厂。
昨日 (9/29)，TEKSENG终于出面澄清说裁员无关公司重组或财务问题，纯粹是生产线需求下降而采取的正常行动，以降低长期营运成本。目前留任的员工人数仍然有500人，足以填满旗下生产线需求。
投资者认为突如其来的裁员是因为【TS SOLAR】的业务进度不如，纷纷在这几天大幅度抛售股票。TEKSENG的股价在短短的3天内从RM1.27暴跌至RM1.01，相等于20%的跌幅。其凭单TEKSENG-WA跌幅更为严重，从RM1.01暴跌至RM0.76，在3天内消失了接近25%。
那，TEKSENG是否能逢低累积呢？首先，我们来看看【TS SOLAR】目前的生产线。在2016年初，TEKSENG曾计划耗费RM237m在其现有厂房额外增加5条生产线，把产能提升至740MW，预计会在FY16Q3完成。当时，【TS SOLAR】只运用4条生产线，产能为每年270MW。截至9月，根据TEKSENG投资部门的回复，【TS SOLAR】的产能已达到560MW，而【TS SOLAR】裁的员工是来自第4至第6条生产线。
因此，预计【TS SOLAR】在产能过剩的情况下，目前还在营运的生产线只有3条，产能估计是每年270MW，也就是说【TS SOLAR】的生产线和年头时是一样。这次的裁员只是暂时把原有的成长因素拿掉。翻看TEKSENG去年最后2个季度的业绩，其FY15Q3和FY15Q4的太阳能业务营运盈利分别是RM7.9m和RM11.8m。
假设TEKSENG在未来4个季度呈上RM40m (包括PVC塑胶产品业务) 的盈利，以339.04m的股数来计算，TEKSENG的每股盈利将会是11.80 cent。再以保守的8倍PE来推算，TEKSENG的潜在价值大约是RM0.94左右。
值得一提的是，TEKSENG的PVC塑胶产品业务在最新季度FY16Q2交出了新高的盈利，按季成长了102% (参考附图)，意味着这门业务仍然还在成长。TEKSENG并不是非常依赖于太阳能业务。
此外，本专页也在此拿些历史资料让大家参考。【TS SOLAR】在2010年11月成立，并在槟城的科技园建了一间厂房。这间厂房只有一条生产线，一年的产能为60MW的太阳能电池。当时，管理层强调把长远目标设在2015年达到8条生产线，640MW的产能。
由5年前连厂房都没有，经历了几年的亏损，直到今时今日交出超过RM10million的季度盈利，TEKSENG一路走来真的不容易。现在看回过去，虽然产能过剩，但是管理层当初所设下的目标都有70-80%实现了。在裁员前，【TS SOLAR】已拥有6生产线，560MW的产能。从这一方面来看，管理层的能力的确是有目共睹，也值得信赖。
虽然目前有3条生产线已经暂停，但管理层表示不排除在未来重启，毕竟这3条生产线已经安装好了，没必要去拿下。只要太阳能领域开始复苏，TEKSENG的扩充计划预计也可重启。
技术图表方面，TEKSENG股价已经跌破关键的支撑1.06，接着就看它是否能站稳1.00以上。一旦跌破1.00，下一个支撑点是0.88左右。
对于有兴趣的股友，可在等待卖压减少后，才开始累积。必须强调的是，TEKSENG并不适合短期投资者，毕竟目前它没有任何的催化剂 (Catalyst) 和成长因素 (Growth Factor)，较属于中长期投资。
虽然接下来的季度表现预计会下滑，但未来1-2年本专页依然看好TEKSENG的前景。
#TEKSENG
纯属分享！

Posted by wahahaha > 2016-09-30 16:49 | Report Abuse

for TS.... up means up no matter what u say hahahahha

Posted by wahahaha > 2016-09-30 16:58 | Report Abuse

skyrider punching his own balls for missing the bus trips. now he has to walk to school hahhahahaa botol kosong manyak bising nada tak merdu pun

Posted by Hunter Cho > 2016-09-30 16:59 | Report Abuse

no more talk, time to action so i bought more ...

Posted by skyrider > 2016-09-30 17:03 | Report Abuse

Reasonable fair assessment by Riche Ho. Just he didn't detail what effect recent drastic pv price drop will have on the profit margin and how long the solar slump will sustain.

Posted by Patrick13 > 2016-09-30 17:07 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/105423.jsp

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

hahahaha skyrider what are u doing here everyday? u must be a failed example of sold his own and get grumpy thats why talk rubbish on TS everyday hahahahaha serve u right!

Posted by skyrider > 2016-09-30 17:37 | Report Abuse

wahahaha if u are really good, u would have promote ah seng late last year.
After price went up by more than 100%, expansion postponed and staff lay off then u come to promote ..... eh ... a bit too late alrdy.

Posted by Izam_mahathir > 2016-09-30 19:10 | Report Abuse

tekseng will recover soon.upside will takecare itself.quite funny when i saw tp 0.5.this is not cheapskate penny stock

Posted by Abilakh > 2016-09-30 21:56 | Report Abuse

Can anyone share the UOB research report which says TP of RM1.05

Posted by Olga > 2016-10-01 01:42 | Report Abuse

BRITISHEMPIRE Just for everyones info only 11 of the workers were long term workers the other 240 were contract workers only on a short term contract as were not required long term this was the original plan. Company continues the expansion plan.

All I can say to all those panic sellers is thank you I just purchased 150,000 shares at 1.04 compared to 1.30 a few days ago it seems like Air Asia all over again ! All the panic sellers drove that down to .77 I brought at 87 and sold at 2.76 thank you very much indeed. Malaysia is full of shareholders who sell and buy on rumours instead of fundermentals.
30/09/2016 10:48

BRITISHEMPIRE Incidently in my capacity as a CEO in London this whole situation tells me Tek seng has very smart and good management who when wmploying protect themselves with strong contracts to enable the company to restructure as required. This is exactly what we do in England and allows efficient and productive long term success of a well run company. In short I am impressed by this management.
30/09/2016 14:55

*Thumbs up!

Posted by Woo John > 2016-10-01 12:20 | Report Abuse

Well written, it's those who wanted to drive the share price down that writes all rubbish and created panic among public. Some syndicate oso play parts too.

Posted by WB2F > 2016-10-01 14:22 | Report Abuse

Yesterday bought at 1.04. Ha..ha... try to capitalise the sudden fall. Target to sell 1.30 but also depends on the others circumstances. This is short term.

Posted by Jimstock > 2016-10-01 17:42 | Report Abuse

希望不是迴光反照

Posted by Olga > 2016-10-01 21:49 | Report Abuse

http://klse.i3investor.com/blogs/teksengbhd/105466.jsp

Posted by Tortoise > 2016-10-01 22:58 | Report Abuse

Good lah

Posted by dragon1 > 2016-10-01 23:08 | Report Abuse

To be fair, those who make Sell call still the winner as at today. The share price dropping from last quarter announcement 1.40 to today 1.04. Dropped 26%. It is like dropping all the way except for a spike before recent waterfall.

Along the way, some kind people encourage buy call despite glut in solar and telling this and that and finally you see this retrencement.

I am sure the share price will rebound for a short term and good for short term trade.
Do you think the share price will go back to say 1.25 or 1.30 to let all the retailer escape? Cheers

Posted by Hunter Cho > 2016-10-02 03:33 | Report Abuse

why do we need to escape when more dividends are coming soon?

Posted by kellysgk > 2016-10-02 03:42 | Report Abuse

Hope Monday can come down a bit. I also want to buy. Missed the boat.

Posted by VilyVi > 2016-10-02 04:13 | Report Abuse

From my personal view, I strongly believe there is Syndicate play behind the recent sell down. From the excessive volume traded I also believe they have successfully collected enough shares. due to retailers panic sell,They would push up the share price later so they could unload with handsome profits, the catalyst could be a reasonably good 3rd Q result , and a greater catalyst could be when Tekseng resumes back its expansion next year (the possibility is quite high, refer to below Taiwan news)


【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。

For me, I would start to accumulate if there is no further sell down in next week.