Posted by Ven Felix > 2016-02-03 20:42 | Report Abuse

Hi! Chickmonk , JHM Very Strong Bullish engulfing signal. No harm to check this Little Joe monkey up. Wish both Seng & Joe growwwww toward 2020. :)

Posted by JNG9678 > 2016-02-04 07:44 | Report Abuse

今天是立春，
丙申年第一天，
祝您新年快樂,
旺旺大大發財！

德成PVC太 陽能成就駱家，
也成就我們小股東對TS的厚望。

丙火年，"TS Haut Haut Haut ONG"

Posted by Ven Felix > 2016-02-04 09:50 | Report Abuse

Tek seng another green Mi Cap counter on d making.

Posted by SimonShuet > 2016-02-04 09:57 | Report Abuse

Yes, chart look beautiful!!

Posted by chickmonk > 2016-02-04 15:18 | Report Abuse

IHS Predicts US Solar Installation Boom To Continue, Growing 60% In 2016
http://cleantechnica.com/2016/02/03/ihs-predict-us-solar-installation-boom-continue-growing-60-2016/?utm_source=dlvr.it&utm_medium=twitter

Posted by chickmonk > 2016-02-04 15:19 | Report Abuse

Buy buy buy!

Posted by Mohd Fahmi Bin Jaes > 2016-02-04 15:47 | Report Abuse

sell time

Posted by Loopie > 2016-02-04 16:25 | Report Abuse

Let's hope it touches 1.50 by June?.. hmmm

Posted by chickmonk > 2016-02-04 17:08 | Report Abuse

Nice closed!

Posted by abc123 > 2016-02-04 17:48 | Report Abuse

WB is better since it is less than 1 bucks now which mean more profit....

Posted by KC53 > 2016-02-04 17:49 | Report Abuse

Beautiful, more to come. Price up with volume. Good sign

Posted by chickmonk > 2016-02-04 19:59 | Report Abuse

Last week report from The Edge.

KUALA LUMPUR: Tek Seng Holdings Bhd ( Valuation: 0.80, Fundamental: 0.60), a Penang-based polyvinyl chloride (PVC) product manufacturer, which is ramping up its solar energy business, expects the segment to drive earnings growth as the world shifts further towards energy efficiency and sustainability.

Interest in solar products should see rising interest after the Paris Climate Conference last month, as nearly 200 countries have agreed to limit temperature rises by cutting down fossil consumption in power generation.

Tek Seng, which derived most of its earnings from PVC flooring and packaging product business, ventured into the solar energy business when it became clear that the segment would not be able to generate double-digit growth in years to come.

“Earlier, we projected that [the] PVC business may continue to post double-digit growth in the next three years, but given the current market situation, we think it is not realistic anymore,” its executive chairman Loh Kok Beng told The Edge Financial Daily in an interview recently.

But it is not all doom and gloom for the group. Its solar segment has started to gain a stronger foothold and reversed its losses in the third quarter ended Sept 30, 2015 (3QFY15).

“Based on the segment’s track record, we expect the revenue contribution of the solar segment to grow to 60% from 40% currently in the current financial year ending Dec 31, 2016 (FY16), while the PVC segment’s contribution may fall to 40% from 60% presently,” Loh said.

With the strong performance of the solar segment, Loh is optimistic that the group is likely to achieve double-digit growth in revenue in FY15 and FY16.

“The order book for this year and [the] first quarter of 2017 has been filled up,” Loh said, expecting more orders to continue to flow in as China, the world’s second-largest economy, plans to increase solar power capacity to reduce environmental pollution.

“Further, we are not bound to the anti-dumping duties and this could further boost our sales,” he added.

Tek Seng’s solar cells are sold mainly to Taiwan, China and Eastern Europe. Taiwan and China accounted for 80% of the total sales.

In view of rising demand, Loh said the group had set aside RM200 million in FY16 to boost its production capacity to capture growth of the multibillion business.

According to him, the funds will be utilised for the installation of four additional new production lines, which would boost its total production capacity to 490mw from 210mw currently.

“One of the new lines is expected to start operation by early next month, while the other three, which will be housed in the new plant, will commence operation in phases towards the end of the year,” he said.

Currently, Tek Seng has three solar production lines at its solar energy plant in Penang, which gives it a total manufacturing capacity of 210mw per annum or 70mw per line.

“According to our internal estimation, each of the production line has the potential to generate about RM100 million in revenue per year, should it run at an average utilisation rate of 97%,” Loh added.

Claiming it as the only solar cell maker in the country, Tek Seng is in the midst of constructing its second solar energy plant, which can house approximately 10 new manufacturing lines, bringing its total production capacity to 680mw.

“The construction work is expected to be completed by [the] third quarter of this year,” Loh said.

Tek Seng’s solar segment swung back to profitability in 3QFY15 with a profit of RM7.53 million from a loss of RM3.65 million in 2QFY15. It registered revenue of RM55.77 million in 3QFY15, accounting for 56% of the group’s total turnover.

On its PVC business, Loh is hopeful that the segment could maintain its performance in FY16 as production costs come down amid low commodity prices.

“Last year, the segment’s orders declined as much as 20%, mainly impacted by a stronger US dollar against all major currencies. But orders normalised after we slashed our prices by about 10%,” he said.

“Our products are mainly exported to emerging countries, such as Indonesia, [the] Middle East and Africa, and a strong [US] dollar will erode our clients’ purchasing power,” he explained.

Although currency volatility has hurt the company’s performance, it has no plan to hedge itself.

Instead, Loh said the group plans to offer various options, for example, a client can choose to pay according to the exchange rate on the invoice date or goods delivery date, whichever deemed best for them.

“We are also considering to bill our clients in other currencies that would benefit them,” he added.

Tek Seng posted a net profit of RM5.04 million in 3QFY15, a 183% jum

Posted by chickmonk > 2016-02-04 20:00 | Report Abuse

Highlight!!!
“The order book for this year and [the] first quarter of 2017 has been filled up,” Loh said, expecting more orders to continue to flow in as China, the world’s second-largest economy, plans to increase solar power capacity to reduce environmental pollution.

Posted by chickmonk > 2016-02-05 08:43 | Report Abuse

WATCH: Morocco unveils massive new solar energy project
http://glbn.ca/XX6Gp

Posted by WXGWXW > 2016-02-05 10:09 | Report Abuse

The Morroco project ordered PV from SolarTech ?

Posted by JNG9678 > 2016-02-05 18:25 | Report Abuse

Hello ladies and gentlemen auspicious closing of TS 118, day day prosperous , 日日発!!!
Wishing all of you laughing all the way to the bank by end 2016!

Wishing TS BOD Happy CNY, 恭喜发财 and thank you for managing TS on the right track toward
explosive growth 2016 and beyond !!!

Posted by KingPro > 2016-02-07 13:20 | Report Abuse

恭喜发财。。發發發。。。。

Posted by Ting Ley Yiew > 2016-02-08 13:05 | Report Abuse

Happy New Year!!!

Posted by Mohd Fahmi Bin Jaes > 2016-02-08 13:14 | Report Abuse

Happy cny

Posted by shahrin > 2016-02-11 13:30 | Report Abuse

sleeping beuty

Posted by Mohd Fahmi Bin Jaes > 2016-02-11 13:37 | Report Abuse

take profit

Posted by eddieleong84 > 2016-02-11 15:30 | Report Abuse

http://www.ibtimes.com/elon-musks-solarcity-corp-scty-stock-price-plunges-over-30-oil-price-fears-slower-2301786

Posted by chickmonk > 2016-02-12 11:32 | Report Abuse

Shopping day!

Posted by abc123 > 2016-02-12 19:40 | Report Abuse

S/R : 1.04 : 1.21, 1.09 close to Support, Buy!

Posted by yktay1 > 2016-02-13 01:40 | Report Abuse

http://www.theedgemarkets.com/my/article/solarworld-wins-eu-extension-china-duties-malaysia-taiwan

Solarworld AG won a bid to have European Union tariffs on Chinese solar panels extended to Malaysia and Taiwan, after the EU found that China’s exporters used the two other countries to evade the levies.

Posted by JNG9678 > 2016-02-13 08:52 | Report Abuse

l. The decision, which is due to take effect on Saturday and exempts some Malaysian and Taiwanese producers, is the outcome of a probe that the commission opened in May 2015, as a result of a request by Bonn, Germany-based Solarworld.

Ah Seng is Malaysia real production factory.
Ah Seng will be exempted mean no levies TAX lah

Posted by JNG9678 > 2016-02-13 08:53 | Report Abuse

YKTay 1 you know half you post half and understand half and misleading yourself

Posted by JNG9678 > 2016-02-13 08:54 | Report Abuse

Chick monk you are leader here, we need to update most accurate fact here right ?

Posted by chickmonk > 2016-02-13 09:49 | Report Abuse

JNG9678, u are right! Ah Seng is the real producer because they have real factory in Penang. So ah Seng will be exempted !!

Posted by JNG9678 > 2016-02-13 09:54 | Report Abuse

Chickmonk, you good good!!

Posted by kt_invest > 2016-02-13 10:57 | Report Abuse

JNG and chickmonk,,, some readers shared some news because they hv interest in solar like ah seng. Otherwise, they dont bother to search, read, copy and share here. Maybe they hv good intention. Maybe they want to buy ah seng in low price. But anyway, believe in your own assessment. Im with you with vested interest. Lets wait for coming quarter earnings. Huat ah!!

Posted by chickmonk > 2016-02-13 11:37 | Report Abuse

Quarterly coming out soon but I think price will stagnant until PP done.

Posted by HCHEN > 2016-02-13 13:01 | Report Abuse

Solarworld AG won a bid to have European Union tariffs on Chinese solar panels extended to Malaysia and Taiwan, after the EU found that China’s exporters used the two other countries to evade the levies.

Tekseng affected?

Posted by 817065 > 2016-02-13 22:20 | Report Abuse

The recent EDGE report mentioned that 80% of Tekseng's solar cell sales are to Taiwan and China. Hence not so much implication from the EU anti-dumping extension. But Tekseng may be exempted anyway.

Posted by chickmonk > 2016-02-14 10:53 | Report Abuse

〔記者黃佩君／台北報導〕歐商控我部分廠商涉嫌自中轉運太陽能產品避稅，台廠險遭歐課徵反規避重稅，但調查後多數台廠可豁免。經濟部國貿局今表示，歐盟正式公告我包括台茂迪、新日光等21家太陽能廠商豁免歐盟反規避稅，可免遭課高達64.9%重稅命運，對台太陽能廠今年拉貨注入強心針。
歐洲太陽能產業協會（EUProSun）向歐盟執委會控訴，我及馬來西亞廠商涉嫌將中國太陽能產品違規轉運至歐盟，以規避歐盟對中國太陽能產品課徵的反傾銷稅及平衡稅。歐盟執委會自去年5月29日展開反規避調查，於去年12月23日公佈反規避調查初判，昨公佈終判，正式確定我21家太陽能廠商為真正生產商，豁免歐盟反規避稅；其餘則有兩家未被豁免的小廠將被課徵64.9%的反規避稅，包括11.5%的平衡稅及53.4%的反傾銷稅。
21家豁免的廠商包括茂迪、新日光、安集、友達、太陽光電、長生太陽能、益通、昱晶、同昱、英懋達、英穩達、樂福太陽能、明徽能源、全能科技、錸德、中美晶、昇陽科、光陽光電、聯景光電、元晶、有成精密。而另外兩家未能通過調查的未上市小廠則為太極、頂晶科。
貿易局指出，歐盟執委會依據施行規章（EU）2016/184及（EU）2016/185，對於自我國違規轉運的中國太陽能電池及模組課徵平衡稅及反傾銷稅；被豁免的我廠商出口相關產品至歐盟，須向歐盟會員國海關提出由生產者或託運商開立的有效商業發票，並聲明輸歐電池或模組，是由豁免廠商生產，同時聲明並須經開立發票有權人簽署及記載簽發日期。
而上述規章自2月12日起即公告生效，有意申請豁免的我國廠商須以書面方式向執委會提出申請，相關細節與歐盟施行規章可參考貿易局網頁公佈事項。

Posted by chickmonk > 2016-02-14 10:55 | Report Abuse

Only those small companies not exempted.

Posted by Ven Felix > 2016-02-14 12:58 | Report Abuse

Hi! Chikmonk, GongXi GongXi In Monkey 2016
Hope u don't mind, I'm updating u the following, u might chk it out while u want a diversified portfolio.

☆★☆ 10 Reasons to own this nice litter ...Monkey King ;- 

1) share floating very small , compared to Mmsv/Elsoft/D&O. 
1)JHM in the most robustly niche segment (Auto HB ext. Led) amongst the Led industries. 
3) Ceo is very positive to their fortcoming Led biz. 
4) Rm $ is strengthening. 
5) It is still not under major fund coverage yet. Very Important to my Selection criterior, to buy at low entry. 
6) Market sentiment juz abt to soar again. 
7) Jhm is in ICon8888 goodies in 2016. 
8) JHM , mean Jing Heng Monkeys. Hahaha 
9) This qtr results to be announced on 26/2/16 expected an improvement.
10) Corporate Exercise to be approved for the Special Right Issues, 
to furthurt boost buying interest.
Decision is yours , Good luck & may d monkey king return for 2016.

Posted by kt_invest > 2016-02-15 10:18 | Report Abuse

Go go tek seng!!

Posted by kt_invest > 2016-02-15 10:31 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/02/15/tek-seng-set-to-triple-production-capacity/

Posted by noobnnew > 2016-02-15 15:34 | Report Abuse

Ah seng result out this week?

Posted by tripleiii > 2016-02-15 17:09 | Report Abuse

Ah seng profit is superb

Posted by k8118k > 2016-02-15 17:12 | Report Abuse

eps 4.02
1.5 div

Posted by Unicorn_park > 2016-02-15 17:18 | Report Abuse

Fantastica

Posted by noobnnew > 2016-02-15 17:24 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4999497
Ah Seng tomorrow rocketing for sure

Posted by thesteward > 2016-02-15 17:44 | Report Abuse

tomorrow tek seng gap up kaw kaw hopefully ;-)

Posted by kakijudi > 2016-02-15 17:49 | Report Abuse

Gap up 1.20

Posted by thesteward > 2016-02-15 17:58 | Report Abuse

yes yes gap up 1.20 at the very least!

Posted by thesteward > 2016-02-15 18:01 | Report Abuse

tom tek seng gap up kaw kaw hopefully

Posted by JNG9678 > 2016-02-15 18:23 | Report Abuse

Noobnnew n Chickmonk, congratulation to all of us ! We collect at low price! EPS up 100% up from EPS 2 cent to 4 cent ! Three week ago I only estimated EPS 3 cent in Q4.

With Q4, 4 cents, the solar contributed 14.4M,
Long story short, with JNG's today calculate Ah Seng production solar capacity to exit 2016, next 4 qtrs,
exponential/explosive growth

Posted by imnewbie > 2016-02-15 18:32 | Report Abuse

Those panic seller will regret soon.
4 cents X 4qtr X PE10= RM1.60 (next TP)