PVinsights: Solar prices extend longest losing streak since 2016
The prices of both multi-crystalline and mono-crystalline modules continue to tumble this week. The slower demand in China has triggered fears over solar market turbulence, not just in China but across the Asia, with contagious spillovers to the global markets. The solar panel prices in China have experienced a great pressure as the competition among the suppliers become extremely intense in order to compete for limited solar projects especially after more domestic production capacities ramped up by Chinese 2nd tier suppliers. Meanwhile, in order to digest the excess stockpiles that left from slow China demand, the 2nd tier Chinese module suppliers also intend to strengthen its presences in the key solar markets, India and SEA where no punitive tariff are enforced. Hence, solar panel prices in these regions have seen fierce price competition with price quotes around $0.40/watt
still the same thing... never buy during the downtrend.... we are not kiasu or whatsoever... everyone has their own views... just follow what you think is right not what others think is right especially here on i3....
wahaha...give it up la. You been singing the same tune since it was 1.20. U said the same when it was 0.96 and again when it was at 0.86. I'm may not be a good investor but don't you insult the intelligence of other investor here. But you know what, i'm in fact looking at TS now.
i like this "accumulate before it rebound" !!!!!!!!!!!!!!!!!! do you know when the rebound will be????? anyone know??? Accumulation is during the sideway time not during the downtrend.... newbie really need to be careful when reading the comments here... hahaha... but its worth to KENA satu kali... then only can remember the feeling... hahahha
beso do not simply comment, is only kacang putih retailer that are selling, major shareholder need to make announcement to bursa if they wan to sell their share, just like when they purchase additional share recently last month.
Last time TS close at$0.825 @Dec 2015, after de Q3FY15 announce @Nov 2015, how TS perform? U think coming QR will better or worst? 25Nov2016. Once again TS close at $0.825. U see opportunity or trap? U sell n someone is collecting, who ? Genius or Sochai?
This year and last year is total different. Someone mentioned if result is good, will rebound 30cents. If this really happen over 1 week time, pls escape.
@ Sun Sunny, you must understand that normally quarterly board meeting already scheduled before year starts, to book all the directors' date and timing. It is no matter with good or bad qtr results.
Read through financial report and news and only found one thing.. undervalue germ. We all know its intrinsic value and admit it is downtrend.. and we collect more
undervalue "germ"? Tekseng was an undervalue gem late last year, not now, in view of the current solar glut and depressed pv price which affect solar bottom line.
Without a meaningful solar recovery in sight, Tekseng may continue to fall after poor qtr out, just like Gadang. In the meantime it is more like a germ than a gem.
Under 50cent it will be a gem again but depend on pv price.i will buy tekseng again base on pv price or earth climate change going to be worst..see u 2 or 3 years from now.happy trading
Actually recent drop of pv prices has surged the demand of people choosing solar. It's cheaper than before... more expensive also lead less demand. So either two way also benefit or hurt manufacturers. But most importantly, there's strong demand now. Of coz also need to see how tekseng can do. Let us watch tekseng management capable or not. But at least we are very sure this business got bright future ahead.
The most fair n reasonable ways to justify over or undervalue..use pe ratio loh If tekseng still can maintain 10m per qtr..pe 10 worth 1.15 Dun knw why all ppl still said overvalue...dun forget tekseng still got pvc business
Why QR still not out? If good why cannot announced earlier?
wahahaha i'm just an investor and commentator and no sifu but i want to share what i see ahead for TS into next year 2017. here is a piece of most recent news which will help u understand more the next few quarters ahead.
6 mil pieces per month X USD 1.1 x RM4 x 3 mth X 10% profit margin = 8 mil net profit in coming quarter for solar segment. (20% drop compared to last quaeter)
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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....
Alex Chan
3,915 posts
Posted by Alex Chan > 2016-11-25 12:18 | Report Abuse
Lowest was 30 cents...