Posted by JNG9678 > 2016-02-22 11:24 | Report Abuse

Yes, chick monk and noobnnew, definitely fly fly once PP done!
Just wait ah seng's power

Posted by chickmonk > 2016-02-22 11:37 | Report Abuse

Papaya. Just wait for the bursa announcement.

Posted by shahrin > 2016-02-22 12:46 | Report Abuse

Sleeping beauty

Posted by skng74 > 2016-02-22 13:23 | Report Abuse

http://bursadummy.blogspot.my/2016/02/tek-seng-turning-table-around.html

Posted by zx08 > 2016-02-22 13:23 | Report Abuse

http://bursadummy.blogspot.my/2016/02/tek-seng-turning-table-around.html?m=1

Posted by zx08 > 2016-02-22 13:32 | Report Abuse

Since year 2011, I felt that Solar Energy could be "The Next Big Thing".

At that time, Tek Seng which is involved in the manufacturing of PVC-related products, started to venture into solar cells manufacturing business.

Its share price was traded at around 35sen then.


In mid-2011, Tek Seng announced its intention to diversify into solar cells & modules manufacturing business. The first production line was started as expected in mid-2012.

It planned to add one more production line in 2013, and 2 lines in each of year 2014, 2015 & 2016 to achieve a total of 8 lines in 2016.

Tek Seng expected its solar division to generate RM130 to RM170mil revenue in 2012.

However, it only manage to register revenue of merely RM0.2mil and RM12.4mil for 2012 and 2013 respectively from its solar division as no additional lines were installed as planned after the first line.

So, loss is inevitable.

The solar revenue increased significantly to RM47.4mil in 2014 though it was still operating at a loss.

Year 2015 is proven to be a turnaround year for Tek Seng which saw its solar revenue jumped 4x to RM185mil with its maiden net profit of RM13.1mil.

The quarterly results will show this turnaround more clearly.

RM mil Revenue PAT
14Q1 5.9 -3.4
14Q2 14.9 4.6
14Q3 16.6 -1.7
14Q4 10.1 -2.9
15Q1 16.8 -2.2
15Q2 29.6 -3.7
15Q3 55.8 7.5
15Q4 83.1 11.4

I have never invested in Tek Seng before even though I was interested to do so, as it was hard for me to predict how much Tek Seng can earn from this solar cells venture.

Now the earning level and visibility are becoming clearer.

Tek Seng operates this solar cell business through its 50.69% owned subsidiary TS Solartech (TSS), which is a JV with Taiwan's Solartech.

Obviously TSS achieved this turnaround from loss to profit by increasing its production capacity to achieve economy of scale.

After the first production line in 2012, 2nd line was only installed 3 years later in Feb15 while the 3rd line was in May15.

Currently TSS has 4 production lines with total capacity of 280MW. The 4th line should be installed some time around the end of year 2015.

The story does not stop here.

TSS is currently executing a plan to increase its solar cell production capacity by 2.6 times from 280MW to 740MW. It plans to spend RM237mil in capex to add 5 more lines and a new manufacturing plant in Penang Science Park.

The new 3-storey plant which can accommodate 10 lines should be near completion by now.

With this aggressive expansion, TSS is expected to have 9 production lines with total capacity of 740MW (156mil pieces) by Q3 of 2016.

Current price of solar cell has increased to USD1.61 per piece from USD1.40-1.50 per piece. So there is a potential of USD250mil (RM1bil) of solar revenue for TSS if the capacity is fully utilized.

Posted by zx08 > 2016-02-22 13:33 | Report Abuse

Anyway, please be reminded that Tek Seng only has 50.7% stake in TSS.

In Tek Seng's FY15Q4 quarterly result, revenue from solar division (TSS) is RM83mil while PAT stands at RM11.4mil.

This result should be achieved through 3 to 4 lines, in which I think 4th line did not contribute fully to this quarter.

So, it should be alright to annualise this result to predict near future earning, as production is expected to increase and there is no other significant one-off item or forex gain.

The net profit margin for solar division stays stable at 13+% for the last 2 profitable quarters.

Using FY15Q4 solar division's earning, guesstimated net profit for TSS (without further capacity expansion) will be RM45.6mil, or RM23mil to Tek Seng.

Non solar division (PVC) net profit in FY15 is RM15.5mil (RM14.5mil in FY14). It's around RM15mil each year.

I would give a projected annual net profit of RM23+15 = RM38mil for Tek Seng.

Tek Seng currently has 271mil outstanding shares in the market, together with 89mil warrants which will be expired only in Jan 2020.

Unfortunately for small shareholders, Tek Seng has proposed a private placement of maximum 36mil shares (10%) which should be carried out soon to fund its expansion.

Tek Seng's shares will increase to no more than 307mil after the private placement if there is no warrant conversion.

Using this 307mil share base, guesstimated EPS for Tek Seng will be 12.4sen.

At current share price of RM1.18, projected PE will be 9.5x.

This calculation excludes the on-track expansion of solar production capacity from 280MW to 740MW.

Interestingly, investors do not have to wait too long as they are expected to be completed by Q3 of 2016.

If TSS's net profit can double after the expansion, it might contribute RM46mil to Tek Seng's bottom line. Together with non-solar contribution of RM15mil, Tek Seng might be able to achieve RM61mil net profit for its FY17.

With this figure, EPS will be around 20sen (assume no dilution from warrant conversion) and 13sen (with full warrant conversion).

Anyway, is 2x increase in TSS's net profit after full expansion in capacity too conservative? I think we should assume that the capacity will not be fully utilized.

Posted by zx08 > 2016-02-22 13:35 | Report Abuse

Expansion plan is always prone to delay, and increased capacity might not be utilized fully.

As mentioned earlier, Tek Seng has once delayed the expansion of its solar capacity by more than 2 years, and its "guided" revenue in 2012 was way off the mark!

Furthermore, there is a possibility that recent surge in solar cells demand in 2015 & early 2016 might not be sustainable.

This is because US solar investment tax credit policy, which is directly related to solar energy demand in US, will expire on 31 Dec 2016 and this will cause solar energy demand to surge before the expiry date.

Solar Investment Tax Credit (ITC) is a US policy to support its solar energy industry.





ITC is a 30% tax credit for solar system on residential & commercial properties. I think it is something like a tax relief here in Malaysia.

ITC was first implemented in 2006 and since then, annual solar installation in the US has grown by over 1600%, a whopping CAGR of 76%.

Current ITC which was extended once in 2008, will expire in the end of year 2016 and the tax credit will be reduced to 10% and 0% for commercial and residential properties respectively.

So, ITC extension is extremely important to US's solar industry and those companies who export their solar components etc to the US.

From SEIA website, without ITC extension beyond 2016, solar capacity is expected to fall sharply from 11.2GW in 2016 to 3.2GW in 2017, after a surge in demand in 2016.





Besides, US will also lose up to 100,000 solar related solar jobs if no ITC extension is granted.

Can US afford to lose so many jobs?





In contrary, with the extension of ITC, 61,000 more solar jobs are expected to be created, and solar capacity will be able to continue its uptrend.

Posted by zx08 > 2016-02-22 13:37 | Report Abuse

However, there will be no surge in 2016's solar demand if ITC is extended but gradual growth in demand will continue.





In Dec15, the US congress has passed a bill that extends solar ITC until year 2022, in which current rate of 30% will remain the same until 2019, after which it will fall to 26% in 2020, 22% in 2021 and 10% in 2022.

Definitely this will give a big boost to the solar industry not only in the US, but also around the world.

For TSS who also exports its solar cells to US besides Canada, China, Taiwan & East Europe, this is definitely a good news as the demand for solar energy in US will continue to grow beyond 2016.

If US's ITC is not extended, recent solar cell manufacturing capacity expansion by Tek Seng might be "dangerous" even though other countries might still sustain the demand.

Recently two China solar energy companies Jinko & JA Solar have set up its manufacturing plants in Seberang Perai, Penang, perhaps to avoid anti-dumping duties by US & EU. This might adds some competition but it shows that solar industry has a bright future ahead.

The upcoming TPPA might also boost export of solar cells from Malaysia to US/Canada.

Anyway, US only makes up a small part of the world's solar energy consumption. Asia especially China, Japan and may be the upcoming India are still the main market and I think solar energy should get more and more common in other emerging countries.





Another piece of news that might concern Tek Seng's investors is European Union's extension of China's anti-dumping duties on solar panels to Malaysia & Taiwan, as some companies from China & Taiwan set up plants in Malaysia to avoid this heavy duty.

Even though TS Solartech is said to be the first "made-in-Malaysia" solar cells/modules manufacturing company, it has Taiwan's Solartech as its strategic partner & shareholder.

I'm not sure whether EU's latest anti-dumping duties will affect TS Solartech. TS Solartech does export its products to Eastern Europe though I think the volume should not be too significant.

The linked article above mentions that there are some companies exempted from the duties. Is TS Solartech part of it?

Furthermore, TS Solarch manufactures solar cells & modules, and seems does not assemble them to solar panel. Will it still be related to the anti-dumping duty by EU?

US also has its own solar products anti-dumping duty on China & Taiwan. Will TS Solartech ever get affected?




Tek Seng manage to achieve positive operating cash flow in FY15 but spent as much as RM162.5mil for PPE purchase (capex).

Its has a debt/equity ratio of 0.6x and will continue its expansion plan in FY16.

Upcoming private placement will help to ease its financial burden but it will dilute its earning of course.

I think it should not have much capex after 2016 and should be able to enjoy good operating cash flow after that if the sales of its solar cells can grow along with its expansion.

However, in its website TS Solartech says this:






It seems like TS Solartech is not satisfied being only a manufacturer of solar cells & modules...

It's almost certain that Tek Seng's FY16 financial result will be better than FY15, and FY17 will be better than FY16. However, is it worth to invest in Tek Seng at current share price of RM1.18?

Posted by Jonathan Keung > 2016-02-22 13:55 | Report Abuse

nobody can tell you what's safe or not safe. Your ownself must decide. Warren BUffee admits he makes a mistake when he missed out on Microsoft !

Posted by shahrin > 2016-02-22 17:10 | Report Abuse

zx08, thumbs up for the summary. One stop reading material to convince all. I am using Dr Joseph Belmonte's ROE method (refer his book on "Buffet and Beyond"), 2015 ROE had jumped to 15% from 9% (2014). Using this 2015 ROE to predict future price which is very2 conservative, the safe price to buy is 1.29. Therefore, it is undervalue now.

Posted by Ven Felix > 2016-02-22 17:26 | Report Abuse

Ladies & Gentlemen,,Here a virgin forest, JHM to be open her page very very soon....

Posted by zx08 > 2016-02-22 18:05 | Report Abuse

Shahrin, u are welcomed. Hope those whom interested with Tekseng can benefited from the article .. Nice article. What's ur tp for Tekseng ?

Posted by shahrin > 2016-02-22 18:16 | Report Abuse

Using ROE and Rate of Return of 0.15 (Just use the 2015 profit results as basis of calculation, should b higher for 2016 potentially super increased profit), TP is 1.46

Posted by shahrin > 2016-02-22 18:18 | Report Abuse

2016

Posted by Desa20201956 > 2016-02-22 18:43 | Report Abuse

08 Anyway, please be reminded that Tek Seng only has 50.7% stake in TSS. ......good one.

Adjust for 50% MI, dilution from warrants, dilution from private placements, lower tax than usual due to reinvestment allowance, not tax free status.

Most important, don't like it when people harvest even before the tree bears fruits....I mean they issued 120 warrants convertible at 25 sen before all these hypes. And then have the big press conference about expansions and issue private placements.

Sounds too much like management are harvesting at future shareholder expense.

Adjust for every thing, including tax properly and see. Not worth it joining the hype. Disappoint more than happy.....oh....implementation risks too.

Posted by manimaniONGG > 2016-02-22 18:55 | Report Abuse

Desa. Can u teach me PLP? Pleaseeeeee

Posted by zx08 > 2016-02-22 20:09 | Report Abuse

desa, too deep.. please be direct abit

Posted by Icon8888 > 2016-02-22 20:14 | Report Abuse

i am targeting 30% gain , they are talking about 300% increase in capacity... so whatever concerns that you mentioned will be covered by that - the margin of safety is big, I make the bet loh

That is why I said accountants can't make it... they can't think like that. For them, everything has to be perfect... that is why I said they can only survive in sterilised world...

Posted by Desa20201956 > Feb 22, 2016 06:43 PM | Report Abuse

08 Anyway, please be reminded that Tek Seng only has 50.7% stake in TSS. ......good one.

Adjust for 50% MI, dilution from warrants, dilution from private placements, lower tax than usual due to reinvestment allowance, not tax free status.

Most important, don't like it when people harvest even before the tree bears fruits....I mean they issued 120 warrants convertible at 25 sen before all these hypes. And then have the big press conference about expansions and issue private placements.

Sounds too much like management are harvesting at future shareholder expense.

Adjust for every thing, including tax properly and see. Not worth it joining the hype. Disappoint more than happy.....oh....implementation risks too.

Posted by chickmonk > 2016-02-22 20:37 | Report Abuse

昇陽科評估在台、馬兩地擴產；Q1 EPS挑戰1元

太陽能電池廠商昇陽科(3561)3月營收回升，但隨著第一季電池價格微增，公司持續推廣價高的Perc產品、以及馬來西亞廠在投產後挹注的轉投資獲利貢獻豐厚，上半年利潤率佳。法人估，以1月份營運表現來看，昇陽科淨利率已站上2位數的水準，第一季每股獲利挑戰1元以上表現。

在市場面部分，昇陽科中國占比重3-4成，日本占比重1-2成，歐洲占比重3成。目前看來，需求是各個市場都有提升，包括大陸、歐洲以及中東和美國市場。
在近期營運上，昇陽科2月份因為工作天數減少，營收約會較1月下滑，但3月在工作天數回升後，訂單目前仍是相當樂觀，基本上生產的出來都可以賣的出去，上半年的訂單展望佳，有機會3月份營收再超越1月份的水準。

而在昇陽科合資的馬來西亞廠的部分，昇陽科持股比例40%，主要市場為美國以及東南亞，售價比台灣價格高近1-2成，成本則沒有比較高，目前移入的三條線都滿載，對昇陽科去年第四季和今年第一季的轉投資獲利認列，幫助很大。
昇陽科也在積極發展Perc，由於Perc電池效率高，每片可增加的瓦特數增加，故售價較一般品高，且成本約與一般品相當，故利潤率高，昇陽科擁有的Perc產能占總產能4成，目標Perc占比重可以再提升，對獲利幫助貢獻大。
昇陽科目前仍未拍板定案今年會擴產，但因需求熱絡，公司已在評估在台、馬兩地擴產，因為目前太陽能訂購機器設備機台的Lead time僅需3-4個月，再加上公司從擴產到投產的學習曲線已大幅縮短，所以若決定擴產，最快下半年就會有新產能挹注。

昇陽科營運展望

1.工作天數回升 3月營收續向上
2.推動價高、成本不變的Perc產品
3.馬來西亞廠獲利亮眼 認列轉投資獲利豐
4.上半年訂單展望樂觀
5.法人估淨利率已站上2位數 Q1 EPS1元起跳
6.評估台、馬兩地擴產 最快下半年新產能挹注

Posted by chickmonk > 2016-02-22 20:41 | Report Abuse

高日照帶：摩洛哥、以色列大舉開發太陽能
地中海周圍的中東與北非地區（MENA）位於環球高日照帶區域，擁有豐沛的太陽能資源，但太陽能開發的腳步最近才要開始。摩洛哥、以色列、土耳其先後投入發展太陽能，包含一座全球最龐大的聚光型太陽能發電廠。

《美國之聲》中文網報導，以色列內傑夫沙漠正在開發一座容量121MW的聚光型太陽能發電廠，共將採用五萬片日光反射鏡，聚集日光產生蒸氣來推動渦輪。這座「梅格利姆」太陽能發電廠預計在明年完工，開始運轉後的年發電量將可供應1.2萬當地居民使用。

梅格利姆發電廠的特別之處在於將使用中央高塔所發送的Wi-Fi 訊號來控制蒸氣發電機組。

與此同時，500MW的摩洛哥聚光式太陽能電廠「努爾計畫」也如火如荼展開當中，第一期160MW已在二月稍早正式啟用。努爾計畫的發電技術是利用拋物面鏡將中央高塔內的鹽水加熱到攝氏四百度，並藉此推動蒸氣渦輪；同時，這種鹽水在日落後仍可持續維持約三個小時的高溫，可提供更高的每日發電時間與發電量。

努爾計畫將分三期完成，預計在2018年完整啟用。500MW系統全數開始運轉後，共有110萬摩洛哥居民可以受惠。

值得注意的是，2014年在美國啟用的Ivanpah聚光型太陽能電廠曾引發「烤小鳥」爭議──因聚光型面板上空溫度太高，導致鳥類飛行經過時因被高溫烤焦而死亡。對此，梅格利姆發電廠與努爾計畫的設計者均表示，電廠選在遠離候鳥遷移路徑的位置上。

Posted by Desa20201956 > 2016-02-22 20:42 | Report Abuse

I guess 30% target on 300% capacity expansion sound doable and reasonable.

But I have decided I want no part.......

Let's see in future.

Of course never expected I will selling 5 lots one. Thought I was going to buy more if it comes down ....well that's that.....but I am confident I am right....

Probably they are quite good businessmen.......but lousy and greedy financial planners for the company shareholders.

Posted by Desa20201956 > 2016-02-22 20:53 | Report Abuse

Icon....not big deal....but you realized they converted millions of warrants into shares, give themselves more room for the private placements and do some arbitraging selling converted shares at market price and take up the PP at $1...... Too smart these cookies,

Posted by Icon8888 > 2016-02-22 21:00 | Report Abuse

well, u r taking like an accountant again... I maintain my view that your focus on comas and full stops prevent you from moving beyond page one...

Posted by ykinvestor > 2016-02-22 21:32 | Report Abuse

US has a record-breaking year for solar power :-> http://www.cnbc.com/2016/02/22/us-has-a-record-breaking-year-for-solar-power.html

This should augur well for Tekseng

Posted by Ven Felix > 2016-02-22 23:00 | Report Abuse

Here, Tek Seng is looking into ' Vertical Integration to furthur enchance competitiveness & values for the entire supply chain ' ,,

( doesn't it sound familiar with EG lookings into Vertical integration services ? )

..An far sighted industry player always look things beyond.
TS Solartech is not satisfied being only a manufacturer of solar cells & modules.
Then, accountant will check thoroughly on how much ' flesh & blood ' needed for such a
projects.

Desa never understand it, untill Tek seng make it out.
http://bursadummy.blogspot.my/2016/02/tek-seng-turning-table-around.html

Posted by papaya > 2016-02-23 09:14 | Report Abuse

still sleeping....

Posted by papaya > 2016-02-23 09:42 | Report Abuse

what happened......no buy/sell at all.....

Posted by Jonathan Keung > 2016-02-23 09:42 | Report Abuse

everybody is entitled to his or her opinion. a strain of rice feeds a hundred types of people. no offense to anybody. happy trading

Posted by noobnnew > 2016-02-23 09:43 | Report Abuse

It is a long term counter. There are a lot of good counter out there if you are looking to gain some quick buck

Posted by ykinvestor > 2016-02-23 10:51 | Report Abuse

Longer term should this should augur very well for Tekseng. People will realize why Tekseng is full of potential.

US has a record-breaking year for solar power :-> http://www.cnbc.com/2016/02/22/us-has-a-record-breaking-year-for-solar-power.html

Anmar Frangoul | Special to CNBC.com
15 Hours Ago
CNBC.com

Technicians install solar panels on a house in Mission Viejo, Calif.
The U.S. solar industry installed 7,286 megawatts of solar power in 2015, according to data from GTM Research and the Solar Energy Industries Association (SEIA).

The figures, announced Monday, represent an increase of over 1,000 megawatts of solar photovoltaic installations compared to 2014. Photovoltaic technology is able to directly convert sunlight into electrical energy.

According to the data, solar beat natural gas capacity additions for the first time ever, with 29.5 percent of all new electric generating capacity met by solar power in 2015.



Harvesting solar, 6km in the air
Rhone Resch, president and CEO of the SEIA, described 2015 as a "monumental year for the U.S. solar industry." Resch added that the next few years would see, "solar continue to reach unprecedented heights as our nation makes a shift toward a carbon-free source of energy that also serves as an economic and job-creating engine."

The potential of solar power as a clean energy source is significant. In 2014 the International Energy Agency stated that the sun could be the planet's biggest source of electricity by 2050.

In the U.S., the Office of Energy Efficiency and Renewable Energy says that in states such as California, Hawaii, Texas and Minnesota, solar electricity is now "economically competitive with conventional energy sources."

Posted by Unicorn_park > 2016-02-23 18:01 | Report Abuse

FACT : Most healthy, established papaya trees (Carica papaya) bear fruit seven to 11 months after planting.

Posted by weee > 2016-02-23 19:55 | Report Abuse

Hahahahaha

Posted by chickmonk > 2016-02-24 08:47 | Report Abuse

At OPEC the Saudi Oil Minister Mainly Wants to Discuss Solar Power
Everybody wants to know what the oil minister for Saudi Arabia thinks. These days, it's all about solar power.
He's talking about it. A lot. Perhaps more than ever before. And some people in Saudi Arabia say it's for real this time. This matters, because it shows just how much renewable power is disrupting the traditional energy industry that's dominated for more than a century.
In Vienna today, where OPEC ministers are meeting with the leaders of the world's biggest oil companies, Saudi oil minister Ali al-Naimi was asked an open-ended question that generated this revealing answer.

Reporter: What would you like to hear from the oil executives over the next two days?
Al-Naimi: What do they think the future holds? ... On the whole energy spectrum.
Reporter: What do you think is interesting that is going on right now in the energy spectrum?
Al-Naimi: Solar energy. It's an opportunity for everybody.
Why Ali Al-Naimi Isn't Interested in Oil
It's interesting because just two weeks ago, while on a panel in Paris, the minister spoke at length about the nation's ambitious plans to push into solar power, recognizing that one day its fossil fuel exports will end. Al-Naimi said Saudi Arabia will be exporting lots of electricity, rather than oil.
We've heard this before, but so far almost nothing has happened. Saudi Arabia, the land of constant sunshine, today has less than 50 megawatts of solar power capacity, 0.1 percent of what exists in Germany, according to Bloomberg New Energy Finance. Much of its power comes from burning oil.
This time it's different, according to Mohamed Ramady, petroleum professor at King Fahd University in Dhahran, who said a recent reorganization of the Saudi energy industry and related government ministries will spur solar-power development.
"It is going to happen this time,'' he said.

Posted by papaya > 2016-02-24 09:45 | Report Abuse

coma already...

Posted by noobnnew > 2016-02-24 09:52 | Report Abuse

Dear papaya, if u wan to earn quick buck please go to other counter as Tek Seng are not suitable for you. It is a long term counter.

Posted by papaya > 2016-02-24 12:05 | Report Abuse

keep on sliding down.....nobody interested.....erhmms

Posted by Mohd Fahmi Bin Jaes > 2016-02-24 12:07 | Report Abuse

let it down. when cheap , people buy back

Posted by Low Wee Lee > 2016-02-24 13:28 | Report Abuse

Anyone spends too much time on news and media rather than fundamental and technical will most likely to fall for the trap. Understand how the economy works and make decision on the stock and stock exchange is not a place to make quick money. Anyway crisis is near, study how it will impact the stocks on energy and export sector, probably around june. Hopefully im wrong. :)

Posted by mh87 > 2016-02-24 14:09 | Report Abuse

buy more at lower price.. now world market looks stable.. anytime they can push the price higher.. the main key is PATIENCE.. i say again.. PATIENCE

Posted by noobnnew > 2016-02-24 15:26 | Report Abuse

As a fundamentalist and also Tek Seng holder for long time, I only have one conclusion for Tek Seng, BUY WHEN LOW.

First of all, based on the latest QR, the company actually is improving which prove that their change of direction is working and showing result.

Secondly, solar energy is the future. There are only two company related to solar in Bursa, PUC and Tek Seng. Red Chip or Local? Anyone with sane mind will know how to choose.

Thirdly, strong order book for Tek Seng and expansion coming soon.

Forth, even though the dividend yield is low but the management had showed the consistency of dividend payment policy which to me is a commitment to share their wealth with shareholder.

Under the circumstances that no changes in fundamental, BUY is the best choice. Price going down just because of market sentiment which will not affect company in long term.

However, I might not be the best person to say this. JNG and Chickmonk had more say in Tek Seng as they are the oldest person in this counter.

Posted by JNG9678 > 2016-02-24 18:51 | Report Abuse

Noobnnew, thumb up! Thumb up!
JNG invests this counter with confident as Ah Seng my neighbor!
You need to hold till exit 2017, you will hv greatest return!

Posted by JNG9678 > 2016-02-24 18:52 | Report Abuse

JNG collecting Ah Seng since 40 cents and will hold next two years!

Posted by shahrin > 2016-02-24 18:56 | Report Abuse

The more I read, the more I convince regardless current price now, the right price will come anyway. I bought when I was WXW before, thanks all here especially JNG. The only concern is Low Wee Lee post on possible market crisis in June.

Posted by chickmonk > 2016-02-25 08:35 | Report Abuse

SolarPower Europe: UK Installed 3.5 GW Of Solar PV In 2015, Installations Set To Remain High In 2016

Preliminary estimates from SolarPower Europe place new solar photovoltaic installation capacity in the UK for 2015 at around 3.5 gigawatts, according to recent reports. Finalized figures are currently expected to be revealed sometime next month.

The preliminary figures for the European market as a whole are 8 gigawatts (GW) of new capacity — which means that the UK was responsible for a large chunk of new solar photovoltaic (PV) installations there, notably outperforming Germany. (It should be remembered here that SolarPower Europe only takes into account grid-connected projects.)



Interestingly, despite cuts to the UK’s solar PV subsidies, SolarPower Europe expects the UK to likely remain the top solar market in Europe in 2016.

The CEO of SolarPower Europe, James Watson, stated: “A figure of 3.5 GW makes the UK market the biggest market in Europe again. There is a huge pipeline that could be realized in 2016 as demonstrated by (Solar Intelligence’s) Finlay Colville. So I’ve got a gut feeling that the UK could still be number one in 2016 depending on how many of those projects in the pipeline actually are realized.”

“Even if figure this totals 1.5 GW, I reckon the UK could still be the biggest market again. We might see a little rebound in the German market, partly because of the KfW renewal of support for storage systems. These are generally being put together with household PV systems, so that is helping with a bounce in the market,” he continued, in his interview with PV Tech.

“The final report that comes out at the beginning of March will include analysis of what we think our shipment and installation figures are so that we can make a direct comparison with BNEF and others, which will be more useful. If we’re using the same metrics, that will reduce some of the confusion. We’re going to be much more explicit that what we are measuring is what is being connected to the grid.”

Along with the UK and Germany, France represents a notable, growing solar PV market in Europe — one that could potentially take the top position over the coming

Posted by Low Wee Lee > 2016-02-25 11:16 | Report Abuse

Dear Shahrin,

Mine only opinion, decission is eventually yours to make. I wont make bets on stock but buy based on fundamental and technical assumption. As from Chikmonk and JNG, they all providing fundamentals to this forum which is very usefull, but kindly crosscheck with current world economy turmoil. Major continents (EU, China, Japan, and USA) having credit,stock and real estate bubble issues. Im very hopefull that this Solar sector in malaysia will not be affected so much.

As for my holding concern in tek seng, it will be based on quarterly report. Lets see how it will do during this possible crisis.

Posted by JNG9678 > 2016-02-25 12:56 | Report Abuse

Hi all Ah Seng lovers.

Investing in a stock to gain 500% to 1000% with 3 to 5 years is not a dream, we must hv wisdom eyes can see the future heroes! 慧眼識英雄！

Below points for your reference only if it is fine and make sense to you , you can adopt it in your investing strategic strategy ! But it does mean one size fits all, it also need the blessing from the heavenly God !! If we are blessed to make 500% to 1000% return ?

We shall visual the global trend demand for next 5 years, what is or what will be most significant growth engine for next 5 years !?

In year 2007 to 2009, U.S. Economic turmoil and causing many sectors or industries very painful, however only one sector ( mobile data , smartphone ) is the growth engine even during the economic crisis! Many investors dare not invest in the year 2009 2010 during the rock bottom, but there few far sighted investors can see the next growth, and JNG is one of them! He stroke jack port loh! So there are new companies listed in 2009/2010/2011 either in U.S. or KLSE involved in smart phones mobile data sector ! Why they can list? List for fun? But if the 90% of the population can see what going to be "next "? Many of us Kaya Loh !!

Similarly, JNG strongly believe the Internet of Thing will continue to growth but smartphones peak period is about over !

What will be the next growth engine for next 5 year due to the global demand trend? Personally I strongly believe, one of them, it is Solar Power green energy !

When we invest a stock it is something related or can leverage on global growth, sure we strike a jackpot ! You see sport ToTo Jackpot is multi-million $ and not many can strike it! Once you strike you are rich !

In summary, we leverage on global trend demand, solar will be the next growth engine, explosive growth! We can see why Ah Seng expanding 300% capacity before end 2017 to support the global demand !

Which industry or a factory can growth that rapid like running horse ? Within my scope of perspective , uncle Ah Seng is one of them in KLSE!!

Ah Seng BoD also qtrly shares dividend, even it may not meeting our expectation now , I strongly believe their dividend will be encouraging in 2016/2017 ....etc

Wishing you all good good luck collecting Ah Seng when low! God of prosperity always with you !

Posted by shahrin > 2016-02-25 13:30 | Report Abuse

Thanks Low. Hidden positive divergence is forming, still worth keeping.

Posted by Neo_version88 > 2016-02-25 13:44 | Report Abuse

Thumb up.

Posted by Low Wee Lee > 2016-02-25 15:18 | Report Abuse

Good one JNG....hopefully it is the next Digi or Nestle