Worst may be over and we've seen the share price bottom in recent weeks. Could be insiders accumulating and possible q4 result surprising. It's stable PVC divisions should be positive or better so we only waiting for the solar division to see if it can post a positive earnings or better than previous q3 one. Personally, I don't think they invested so much into a solar factory and expect flattish results.
The rise of solar power has happened quicker than expected, he says; the price of solar panels has dropped considerably and there has been a huge amount of investment, particularly by China.
The country is building the world’s biggest solar farm in the Ningxia region, the size of 7,000 city blocks and costing US$2.3 billion.
I wonder if Tekseng can export more solar products to China/Taiwan since these countries are shifting their energy needs to solar and they invested heavily. Will that be cheaper for them to import from Malaysia than manufacture themselves since ringgit exchange rate is drop dead low?
@greenpeace i agree with what you said. Current price is only reflected the PVC business only. The market is over-react for the previous retrenchment case. Actually, solar business still there but problem is how the selling price will affect their profit margin. But indeed PVC business profit margin also improved year on year. Hence, once solar market price going rise, definitely this will bring big boost to TS performance..
For Q3 results announced on 29Nov2016, the solar division has recorded almost no growth in Q3 with profits only RM23k while PVC division recorded RM6.381m as always having positive profits every quarters. Even though the solar has no growth in previous quarter, it's P/E ratio remains low below 5.0. The market does realize it is cheap and undervalued thus share price should be adjusted higher with dividend policy in place which is suitable for long term investment.
So for the coming Q4 to be announced next week, it is likely still be positive due to the stable PVC division over the years. It will be an added advantage or surprise if the solar division in Q4 able to record a higher than expected profits than the previous quarter.
Perhaps insiders already know the results and accumulating now. One more week to go. Get a grip.
Greenpeace I totally agree tht its PE is lowest among exporters that I can find. It is only second to SIGN right now. Do u think it's pattern is moving to a breakout?
Fortunately I already topup last week below 70 cent. This counter is really weird, share prices will go up or down before good or bad quarterly result released. Definitely insiders already know the result.
Patrick13 good for u. I added some more today. If u observe today's transactions, there are few big rounds buying in blocks from 0.69 onward. Let's hope it can speed up.
A good day for long-suffering Tekseng investors. Don't know what the quarter results would be like but I'm more interested in the trend. Today is a great follow-up from yesterday's encouraging performance. Have to see how it ends in the afternoon. If the closing price is not far from the highest of the day, then it points to better days ahead. Especially if the quarter results are okay enough, not poor.
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....
gusheng
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Posted by gusheng > 2017-01-26 12:14 | Report Abuse
this counter really can da bao already