I just leave it aside first. still making about 30% paper loss as at today. But the management is quite confident FY2017 is about the same as FY2016. So, let's together watch out the show.
Just read the TS Annual Report 2016, noticed that last Q already recognised RM11 million for inventories written down, that's why last Q reported loss. I believe 1Q17 at least can see some profit.
The Group’s borrowings decreased by 44.1% from RM104.43 million in previous financial year to RM58.3 million due to the lesser utilisation of banking facilities. We managed to reduce our term loan and is looking to fully repay it in financial year ending 2017 (“FYE 2017”).
As we have recorded our best performance by year for FYE 2016, we are now looking forward to FYE 2017 with our target remains optimistic. We believe that the more secured and stable market conditions and also the stability of crude oil price are able to provide better business environment. However, the main challenge is the rising USD against the Ringgit Malaysia. This proves to be a challenge as it is tough for businesses to maintain costing and thus, prices tend to fluctuate. We remain neutral but optimistic in our PVC and Solar segments. With better and improved cost-effectiveness mechanism, we believe we can achieve our 16th consecutive profitable financial year.
i already read the annual report,net cash from financing activity largely higher compare to 2015,asset increase higher than 2015,this company really good...get better performance in 2016 than 2015
Although I no planning to throw this counter yet. But just to remind ppl dun enter this counter first. 1Q17 result might still bad, it is very difficult to reach last year 1Q16 EPS of 5.36 sen. Hence have high chance to drop below 0.60.
Thanks @Patrick13 for the sharing. looking at the Solartech report. The revenue on the 1Q is bad. Tek Seng share 50% of the result means that the solar segment wont be good in this Q1.
@gusheng, actually below 0.65 is the buy signal according to AR 2016 result (fair value: 0.74 - 0.76. around 15% capital gain). But for me, i want to wait until 1Q2017 result come out 1st. If 1Q2017 don't declare any dividend, profit is +ve and the price below 0.6, then i will kao kao buy ....
Profit is positive? I worried it solar segment will suffer loss again. Look at the Solartech result, it is really bad 1Q. If that case, it will straight jump to 0.5 +
Despite the sharp fall in Tek Seng’s share price, fund managers and analysts contacted by The Edge believe the timing is not quite right to accumulate its shares as its earnings performance remains weak.
They do not see any near-term catalysts until global energy policies become more positive and earnings stabilise.
“It is a cyclical industry [solar panels]. Although it may not prolong loss [in 4QFY2016], I expect the group to register a weak quarter in 1QFY2017 due to the poor solar cell selling price,” an analyst says, adding that the group’s earnings in FY2017 will largely depend on the PVC segment.
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....
analysis
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Posted by analysis > 2017-04-19 18:13 | Report Abuse
Wait for a momentum wave