tekseng story is like story of crude oil.... was at $100 (RM1.40) then drop all the way to $35 (RM0.65) and then went up by 40% !!!! but guess what... from 35 to 50 only... still mountains away from 100... heeee... hopefully this rally is for real and not for show, all boils down to this last quarter result !!!
Suddenly Tekseng is the talk of the town since yesterday. I have mentioned before that it's PVC division is able to stabilize earnings each quarter to be profitable so if the solar division produces positive, better or even surprising earnings it is a plus and boosting the full year earnings. If u check the annualized earnings, it is already impressive doubling than before.
Since the PVC division is relatively stable over the years and recorded positive profits each quarter, the only key issue for this year 2017 is how does Tekseng's solar division perform in the subsequent quarters. Now they are focusing on China and Taiwan markets. Just watch closely whether it can get orders from new markets or new customers so that will enable it to beat last year's record high earnings.
Resistance seems to be at 0.80. Let's see how this obstacle gets sorted out. The momentum is definitely there. But it needs to consolidate at one point after putting on this much over the past few days. Must remember the contra positions that just came in.
0.80 is the fair price based on the last reported quarter. Now the share price has caught up after the overselling. The Q4 results are what will matter a lot now.
I think these two days people goreng TS as they expect 4Q will announce good result. But I dun think so as 4Q16 solar demand still weak, and even extend to 1Q17. This counter needs to play long term to get back huge return. Whose want to take quick profit, can sell at this moment before price uptrend collapse again.
i was hoping it will drop a bit more so i can collect lower. lol. looking into its 5 years earning and profit, the trend is good and also dividend trends is good. this is a good long term counter.
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....
Stanley Sim
114 posts
Posted by Stanley Sim > 2017-02-08 01:29 | Report Abuse
Hello guys, do check out my article for this stock ! Thank you and happy trading !
http://klse.i3investor.com/blogs/stanleysim/115416.jsp