the new trend in china (southern parti in particular) is that they will no longer need to plug into energy grid as they will get all the power from solar during day time. So energy spike will happen only during night time when all households are reconnected back to grid....
if study the annual report you will notice in comparison to year 2015 their solar customer base has expanded a lot. They do not depend on taiwan solartech 1 big customer anymore. Is a good step from ts, at least they are doing something under such tough environment. But global solar price still the main factor on how profitable is the business.
Having said that, he shared that Tek Seng is set to close a RM40 million deal soon with clients from China and Taiwan, which explains why Tek Seng, which is in the midst of expanding its production capacity, is not slowing down.
We refer to the above article that appeared in The Edge Financial Daily on 31 October 2016 with particular reference to the following paragraph reproduced as follows:
“Having said that, he shared that Tek Seng is set to close a RM40 million deal soon with clients from China and Taiwan, which explains why Tek Seng, which is in the midst of expanding its production capacity, is not slowing down.”
We wish to inform that our Executive Chairman, Mr. Loh Kok Beng did not shared with the press about Tek Seng is to close a RM40.0 million deal soon with clients from China or Taiwan.
Nevertheless, our Executive Chairman had mentioned about the solar division business is not slowing down. TS Solartech, its 50.69% subsidiary is expected to ramp up its production capacity based on the volume loadings from existing customers in China and Taiwan.
Hi M16s, I will wait for 1 or 2 quarters before any decision made. But most probably will stay until end of this year as the solar industry could be recovered in 2nd half of 2017. If 4QFY2017 result is good, comparing to 4QFY2016 result is making loss, you may imagine how the market response to it.
Titus, britishempire already completed the mission and drinking coffee somewhere else. I guess he was just here to get people ride on this sampan boat.
I don't think any opportunity for this QR. The volume is low. Normally good result, there will be more buying volume in the past. Just my 2 cent observation.
Yipman, QR likely still be poor and big players in energy sector is fighting to gain control. If you see the movement from *N* will know the situation.
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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....
Hunter Cho
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Posted by Hunter Cho > 2017-05-08 23:22 | Report Abuse
the new trend in china (southern parti in particular) is that they will no longer need to plug into energy grid as they will get all the power from solar during day time. So energy spike will happen only during night time when all households are reconnected back to grid....