The Q4 results will be crucial. Especially in how the solar division is going. I feel the price had been beaten down too much over the past few months. Even with those disappointing Q3 numbers, 0.66 was way too low. This is a dividend-paying counter.
Only those who accumulated below 0.70 made a lot of money. Those panic buy above 0.70 tend to sell quick. In my opinion, Tekseng is cheap lah. Each quarter it's PVC division deliver always positive profits so it can cushion any type of slowdown in it's solar division. To me, any positive or better results in it's solar division is going to cause the share price edging higher.
tek seng push down from > $1.30 to a low of 65 ( 50% drop ) after news of the factory 2 line shut-down and below expectations of previous qtr result. teck seng is still earning positive and paying divisends,
insider play or syndicate whatever name you call it. but the fact ringgit has weaken & depreciate from 3.85 to 4.43 against the USD is positive for tek seng solar panel division. let's hope the bull recovery can cross 85 ( 30% ) the trend line. just my personal take on tek seng
its not that hard for tekseng to go back to its high of 1.3. there will be a surge in solar demand in china before june because they want to rush to fulfill the feed in tariff policy. just like last year solar boom to its peak at june then start go downhill. solar price already hit rock bottom, will surely go up
hit and run is coward. solar is back to track now, even middle east Dubai start to diversify to solar segment and abort CO. Now is the best timing to ride on the uptrend coaster.
The closing price is better than what I had hoped for - highest point. "Syndicate goreng"? For those with Tekseng shares, that's a great thing. Please goreng some more. Let's see it goes until noon today. If there are signs the rally won't hold, then it's prudent to play safe by taking some money off the table. If the technical indicators remain good, just hold on during the inevitable correction. At least until the quarter results are out.
Shut out the noise of those making Sell comments without anything to back these. Their records have been very poor. I'd look at the technical indicators rather than care about such comments.
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....
Mat Cendana
2,340 posts
Posted by Mat Cendana > 2017-02-07 10:54 | Report Abuse
The Q4 results will be crucial. Especially in how the solar division is going. I feel the price had been beaten down too much over the past few months. Even with those disappointing Q3 numbers, 0.66 was way too low. This is a dividend-paying counter.