So earlier announcement. Fishy as QR is not out yet. Should be out in Nov and announce div in Nov. If QR is not as good as expected, then it get caught.
LOh was stun by the bad publicity. Tek Seng price drop 30% due to the one off lay off. Lessons learn in a hard way. TS Solar are contract assemblers for their Taiwan partners. Volume tends to fluctuate based on forecast demand and orders
the Loh family (combined interest) hold app 137 Million shares out of total 266 Million shares issued. app 51% of the paid up capital excluding any warrant conversion or shares under nominess. Loh members are all active in the running of the company. they must know something good is coming
Jonathan Keung - that is a very important aspect to take into account when choosing a growth company to invest in. When the top management have heavy stock ownership too, that inspires confidence. They dare to risk their own money. I would be hesitant with counters where the board of directors etc has only token number of shares.
company structure quite straight forward. nothing compares to others ( where a myriads of companies invested ) fabrication and assembly not rocket science. you place the orders we produce. real brick and motars business. all penang born entrepreneurs ( not flashy like Jlow ) Ha-ha . He is from Penang (JLow ) Ha - Ha
And that retrenchment news last month - I think investors had overreacted. "Business turning bad"...? Maybe. Will have to see the quarter results. But it also showed the management is proactive, agile and decisive. I'd want this kind of people to navigate a company. Not those who sit around and hope for the best.
based on the projected volume (TS) anticipated that the excess lines become redundant. this 2 lines are manned mainly by FWorkers. Total workfore comprised of 25% foreign contract workers (75% balance are locals ) Figs extracted from their 2015 report
some short term traders still placing out to sell a little above 1.00 now. if they can wait, it will return to 1.20-1.30 very fast within 1-3 months duration hhahahhaahaha
i suggest u all to google it regarding solar/pv and see where it's heading! u can only buy in big volume at cheap when there was such panic selling weeks ago. Now just wait for it to go up.
Based on Tekseng's latest Qoq, the largest 2 contributor to its revenue is PVC sheeting and Solar segments..
RM'000 PVC Sheeting Revenue 41,484 Profit before tax 8,806 Solar Revenue 100,585 Profit before tax 13,268
PVC business will not be affected. Solar there might be a competitive pricing effect, hence a drop in pricing. What's the % of drop in price? let's say 50%? That bad?
Solar Revenue 100,585*50% = 50,292.5 Profit before tax 13,268*50% = 6634
Hence PBT = 25,779 - 6,634 = 19,145
Now looking at Qoq 2015-12-31 PBT was 16,435, profit to sharedolhers was 10,410 if PBT at 19,145, profit to shareholders should be >10,410
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....
kevin008
1,360 posts
Posted by kevin008 > 2016-10-26 17:21 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5241741