Posted by Lukesharewalker > 2016-11-29 18:42 | Report Abuse

Contracts are secured until end of this year

Posted by Jason33 > 2016-11-29 18:44 | Report Abuse

revenue and profit are decresing actually, read the report. hmm....

vs. Previous Year Corresponding Quarter:
For the current quarter, the Group recorded a revenue of RM82.3 million while profit before tax was recorded at RM9.7 million. The major contributor of the Group's
revenue was from Solar, which contributed approximately 47.58% towards the current quarter. As compared to corresponding quarter of 30 September 2015, the revenue
has decreased by RM17 million and the Group's profit before tax has decreased by RM1.2 million as a result of lower revenue and unrealised forex loss.

Results Against Preceding Quarter:
The Group's profit before tax for the current quarter is RM9.7 million which has decreased by RM16 million from profit before tax RM25.8 million as recorded in the
preceding quarter. This was mainly due to decrease in solar segment's revenue and unrealised forex loss to the Group.

Posted by momo0698 > 2016-11-29 18:49 | Report Abuse

2.22 eps x 4 = 8.88 x PE 8 = 71cents. totally match with market price and NTA now.
wtf those insider!

Posted by Lukesharewalker > 2016-11-29 18:54 | Report Abuse

Pe 1o more reasonable as it has potential for higher revenue

Posted by Sun Sunny > 2016-11-29 19:07 | Report Abuse

Solar only contributed RM23k in this segment as compare to RM13millions in previous quarter. Even July-sep 2015 solar gave RM7.5millions. Solar is dead

Posted by M16s > 2016-11-29 19:09 | Report Abuse

All sifu, So overall, can buy or not 2moro?

Posted by Sun Sunny > 2016-11-29 19:14 | Report Abuse

TS is supported by old pvc business. Unless solar price and demand increase, TS price will back to old time when without solar business.

Posted by Lukesharewalker > 2016-11-29 19:18 | Report Abuse

That's should be better in 4Q due the current RM exchange. So without solar is current up. Huge upside if solar kicks in

Bottom out?

Posted by Flintstones > 2016-11-29 19:21 | Report Abuse

Profit dropped more than half QOQ. Do you guys know who are the people who would claim the latest quarterly results is good? They are the people trapped in TEKSENG and hopefully some idiots who did not bother to look at the previous quarter result to buy from them.

Expect TEKSENG to crash more than 10%. TEKSENG is a highway to holland indeed.

Posted by Lukesharewalker > 2016-11-29 19:21 | Report Abuse

Price

Posted by Lukesharewalker > 2016-11-29 19:24 | Report Abuse

Price already crash 50%in tandem

Note private placement was at 1.06

So no need to worry, solar business is a bonus

Posted by skyrider > 2016-11-29 19:26 | Report Abuse

Luckily solar 3Q not negative, though so near. But don't overjoy yet. Solar pv price crash from july and only bottom in September, so only sept got the full brunt of the solar crash.
Since solar has not recover yet, so the whole 4Q may get the full brunt of the solar crash ... and possible produce solar negative. Something to think about before u press the buy button.

Posted by Biorider > 2016-11-29 19:31 | Report Abuse

Jump water lo tomorrow.... hahahaha

Posted by futurehope > 2016-11-29 19:34 | Report Abuse

https://cleantechnica.com/2016/11/28/solar-power-capacity-india-tops-10-gw/

Posted by smartInvestor1 > 2016-11-29 19:40 | Report Abuse

真的会插水～～ Revenue跌到够力 两大收入segment
PVC 41,484 跌到 34,477
Solar 100,585 跌到 39,152

Posted by Up_down > 2016-11-29 19:51 | Report Abuse

Revenue from solar segment dropped by more than 50% compared with 2nd Qtr. Order received postpone.... Jia lat.....luckily, the retrenchment letter warned us earlier.

Posted by stockmanmy > 2016-11-29 19:56 | Report Abuse

anyone wants refund from Icon?

Posted by blgband > 2016-11-29 19:59 | Report Abuse

this quarter would be a dead fish if without "Compensation received from a supplier of RM8.4m"

Posted by Sharesa > 2016-11-29 20:00 | Report Abuse

Thiis quarter's solar contribution dropped 7.1 million to only rm36,000 compared to last year's corresponding quarter.

Lack of sales and unfavourable foreign exchange.

(But next quarter may see slight improvement as USD is now 4.46 compared to last quarter around 4.0) anyway , sales for solar need to improve for tek seng to be hot stock like before

Posted by stockmanmy > 2016-11-29 20:05 | Report Abuse

think before you leap


with $ 90 million of inventories
$180 million bank borrowings.....


you are looking at bankrupcies.

Posted by Seabass > 2016-11-29 20:06 | Report Abuse

Candlestick pattern indicates potential reversal ?
Anyone can comment ?

Posted by Mohd Fahmi Bin Jaes > 2016-11-29 20:14 | Report Abuse

REVENUE DOWN NET PROFIT DOWN.

SELL

Posted by red_85 > 2016-11-29 20:15 | Report Abuse

Finally result is out. A expected result..luckily no jump in at 80cents yesterday.

Posted by popo92 > 2016-11-29 20:18 | Report Abuse

hehe many senseless comment here, the best is you sell until 0.01 sen and they bought it.

Posted by IamGoogle > 2016-11-29 20:26 | Report Abuse

Staff retrenchment was not isolated event, it was outcome of lesser solar sales, go down hill dying company, good luck

Posted by casanwk > 2016-11-29 20:29 | Report Abuse

qr is out
if u remove other operating income
eps is near to zero-- no eye see
2morrow going to cr...............

Posted by Sharesa > 2016-11-29 20:38 | Report Abuse

Whatever it is, this year is a difficult year for most stocks.

Posted by MuttonCurry > 2016-11-29 20:54 | Report Abuse

Not want to say anything... i sold out quite a few weeks ago after staff kena letgo. No point i want to add salt summore so i shutup ... now that the results are out. Goodluck the investors for your tomolo session.

Posted by stockmanmy > 2016-11-29 21:01 | Report Abuse

may sell the unsold stock as roof tiles.

Posted by skyrider > 2016-11-29 21:15 | Report Abuse

Actually solar suffer loss of RM3.743 million. It was only saved by solar other operating income (mostly Compensation received from a supplier) of RM3.779 million to give solar overall a tiny profit of 23k. This evidently show that tekseng is selling solar cell at a loss, due to lower ASP.

As pv price start to crash from July and bottom in Sept, so only Sept bore the full brunt of the solar crash. Since solar has not recover yet, so the whole 4Q may bear the full brunt of the solar crash and produce loss larger than solar other income, to give an overall solar loss.

Something to think about before u press the buy button tmr.

Posted by Up_down > 2016-11-29 21:20 | Report Abuse

Tek Seng spent (paid) about RM 100 million of worth of new plant and machinery for the last few months. Now, the business has started slowing down due to weakness in demand of solar panels.....

Posted by YLR33 > 2016-11-29 21:25 | Report Abuse

when an industry in overcapacity, need 2 to 3 year to deleverage the capacity to normal, last boom 2012 suntech power (once owned by china richest man) become casualty, this round sunedison of USA become casualty, expect more to come

Posted by BeSmart > 2016-11-29 21:37 | Report Abuse

An expected result, report is bad but the price should be around 0.8x based on report

Posted by Seabass > 2016-11-29 21:45 | Report Abuse

Agrees that the correct price is at least 0.8x

Fair value is in the range 0.90 ~ 1.10

When the dust settled, and all the drama over,
the price should be somewhere there

Posted by Patrick13 > 2016-11-29 21:56 | Report Abuse

GP and PBT margin dropping quarter to quarter, but EBITDA margin still maintained mainly contributed from PVC Products. This segment is more stable than Solar business. Therefore, current stock price not fully reflect the business performance.
Some drawback is gearing ratio increased to 0.48 due to new borrowings to finance the 3 new production lines, hence ROA has been compromised, as well as the cash position. Do note that RM1 million interest-free loan from Government has to be settled before year end, hence by that time cash flow will be very tight.
9MFY16 Inventories turnover is 80 days which nearly to 3 months. No idea whether is came from PVC or solar. But if mostly is solar, it may have write down the stock value as at year end due to the solar market value down at this moment. Hence, TS need to clear off this stock asap to ease the operating cash flow as well.
In short, TS still have a long way to go. But one thing cant deny is 9MFY16 profit is already better than full year 2015. :)

Posted by futurehope > 2016-11-29 22:02 | Report Abuse

http://udn.com/news/story/7240/2134178

Posted by Sun Sunny > 2016-11-29 22:29 | Report Abuse

Now is good time to buy in and keep for long term. Tmr up or down I'll still buy in.

Posted by red_85 > 2016-11-29 22:42 | Report Abuse

based or this report, i will advise to buy below 0.5 for safe...
buy around 0.6 also can, fight abit..
buy 0.7++ if you hate your money!!

Posted by Hunter Cho > 2016-11-29 22:54 | Report Abuse

The annual revenue of RM450 million is already guaranteed with significant profits - what more you want to ask?

Posted by KL_82 > 2016-11-29 22:56 | Report Abuse

So may comments.. doesn't matter what happened, always good and bad comments given.
If you believe in circle, follow it. Up and down is common. Even RGB can be brought back from dead. Why worry?
Think and analyze urself. Good and bad comments always try to divert us for their own intention. Good luck everyone

Posted by popo92 > 2016-11-29 23:02 | Report Abuse

太陽能電池廠昇陽科（3561）、太極（4934）等，第4季營運情況轉佳，估計11月業績將會各有明顯躍進，帶動本季整體營收表現向上。而太陽能模組廠安集（6477）第4季有趕在年底前完成安裝併網的拉貨力道支撐，預期模組業務表現將會超越第3季，帶動單季營收有機會比上季明顯成長，大增逾1倍。
昇陽科10月營收為4.61億元，僅比9月微增。由於訂單價格較10月走揚，且部分營收認列從10月遞延到11月，因此法人預期，昇陽科本月業績將會呈現月增。目前昇陽科除了仍在進行製程設備改良的少數機台外，其餘產能已全開。

另外，太極設於台灣、中國昆山與越南的電池產能，目前產能利用率約八至九成。在市場上價格於10月逐漸回溫時，該公司10月業績未見起色，仍小幅衰退，僅3.22億元，但在進入11月後，表現預期將會有明顯成長。

昇陽科第3季每股淨損1元，前三季每股淨損0.1元，而太極第3季則每股淨損1.09元，導致前三季每股淨損0.29元。雖然太陽能廠本季營收可預期將回升，但外界關注太陽能報價從10月回升，11月下半又轉為小跌，整體平均價格是否足以讓各業者本季毛利率轉正。

電池業者坦言，11月上半電池價格仍走升，確實從中旬之後，感受到漲勢越來越不明顯，甚至開始報價下修的情況，不過至今還沒有出現急跌的情況。

至於接下來12月的訂單，電池業者表示，與客戶的價格協商仍在拉鋸中，各家業者的考量可能不盡相同，要依照總產能規模大小、是否要滿載生產等因素來評估可接受的價格區間。

安集10月營收已回到億元以上，達1.06億元，月增128%，因此預計本季可朝每月業績皆維持在億元之上的目標邁進，等於單季營收力拚3億元以上水準。

Posted by ABCDEFGHIJKLMN > 2016-11-29 23:08 | Report Abuse

If you have not foreseen such bad results before the release of QR because you don't know about solar industry & business, Can you expect yourself to know what is going to happen in solar industry? I strongly doubt it.

Posted by mike90 > 2016-11-29 23:43 | Report Abuse

Management like dont want expose clearly on quarter report, cincai cincai write only.
Income mostly from other operating income, if not, in red already.
Stupid management.

Posted by red_85 > 2016-11-29 23:51 | Report Abuse

mgmt already trying their best to cover the report with other income..
thats the only thing they can do...

Posted by Alpha Trader > 2016-11-29 23:52 | Report Abuse

definitely like the panic here, if you have spoken to management before, you know that compensation will always be there as long as their client did not fully take up tekseng pv.. check back past 3 quarters, it has always been there.. unless their client disappear in thin air

solar will make loss on q4? please look at pv prices, it has recovered, though not to previous high, but tekseng should be able to generate some profit or breakeven, good luck to sellers tomorrow =)

Posted by mike90 > 2016-11-29 23:57 | Report Abuse

Alpha Trader, please read below, good luck to you.

Posted by skyrider > Nov 29, 2016 09:15 PM | Report Abuse

Actually solar suffer loss of RM3.743 million. It was only saved by solar other operating income (mostly Compensation received from a supplier) of RM3.779 million to give solar overall a tiny profit of 23k. This evidently show that tekseng is selling solar cell at a loss, due to lower ASP.

As pv price start to crash from July and bottom in Sept, so only Sept bore the full brunt of the solar crash. Since solar has not recover yet, so the whole 4Q may bear the full brunt of the solar crash and produce loss larger than solar other income, to give an overall solar loss.

Something to think about before u press the buy button tmr.

Posted by Alpha Trader > 2016-11-30 00:00 | Report Abuse

skyrider is who? management? PV price crashed and bottom in sept, so october to november is gonna be better than q3, sky rider seems like is riding in the sky, probably duno how to analyst, please sell, i am waiting for low price tomorrow

Posted by mike90 > 2016-11-30 00:14 | Report Abuse

Most Probably will drop to support around RM0.62,around 15% drop from RM0.725.Good luck to all Tek Seng shareholder.

Posted by futurehope > 2016-11-30 00:15 | Report Abuse

http://pv.energytrend.com.tw/news/20161129-14307266.html

Posted by nicky11 > 2016-11-30 00:15 | Report Abuse

First Solar in Kulim plan to shutdown 2 plants soon. Solar industry is a very challenging in 2017. Future prospects of TekSeng is quite a doubt. Trade with extra care