Posted by noobnnew > 2016-05-16 12:30 | Report Abuse

http://klse.i3investor.com/blogs/noobnnew/96521.jsp
Feel free to check out my analysis and I really hope the question gt to bring out at coming EGM.

Posted by zx08 > 2016-05-16 14:16 | Report Abuse

when QR anounce? after EGM?

Posted by Izam_mahathir > 2016-05-16 14:50 | Report Abuse

So much debt.more debt means more project.and more risky

Posted by imnewbie > 2016-05-16 14:54 | Report Abuse

uob kay hian research 4cast the company will turn to net cash by 2018.

Posted by radiance123 > 2016-05-16 14:59 | Report Abuse

1.45

Posted by Izam_mahathir > 2016-05-16 15:07 | Report Abuse

Sory to ask...what u mean by net cash?im just beginner

Posted by imnewbie > 2016-05-16 15:15 | Report Abuse

last month news
http://www.theedgemarkets.com/my/article/tek-seng-achieve-better-economies-scale-fy16

Posted by papaya > 2016-05-16 15:49 | Report Abuse

Wwaaa.... Thks fahmi for pushing up ahseng. ..hehe

Posted by BoPoint > 2016-05-16 16:13 | Report Abuse

We advise for a small accumulation at current price. It has been rated as "future" BUY as some policies in our managed funds do not allow us to buy for future. We need more improving quarter reports (both revenue and PATAMI).

Happy Investing!

Posted by radiance123 > 2016-05-16 16:39 | Report Abuse

got dividend

Posted by radiance123 > 2016-05-16 16:39 | Report Abuse

again

Posted by iwcking > 2016-05-17 00:11 | Report Abuse

tp 1.5 by this weekend and the QR will be out. definitely gonna be a good one. BUY

Posted by papaya > 2016-05-17 09:36 | Report Abuse

warrant should trade higher....with 10-20% premium.but.....now no premium at all....

Posted by Mohd Fahmi Bin Jaes > 2016-05-17 09:38 |

Post removed.Why?

Posted by Lk036 > 2016-05-17 09:42 | Report Abuse

Semalam cakap sell sikalang cakap buy. Tengok cuaca Kah? Main tikam tikam?

Posted by noobnnew > 2016-05-17 11:19 | Report Abuse

Everytime Fahmi appear means die d

Posted by chickmonk > 2016-05-17 11:32 | Report Abuse

Plz Fahmi, go buy your ifca. Dun come back here. Haha!

Posted by Mohd Fahmi Bin Jaes > 2016-05-17 12:12 |

Post removed.Why?

Posted by Izam_mahathir > 2016-05-17 12:12 | Report Abuse

Good its going down.wait for a cheap price to put more bullet

Posted by papaya > 2016-05-17 12:32 | Report Abuse

i said "papaya another day of accumulation....even index in red...."
18/04/2016 15:54

fahmi said "
Mohd Fahmi Bin Jaes today not for accumulate. last friday ya accumulate. today for sell. tuesday must drop.
18/04/2016 17:01

fahmi said"Mohd Fahmi Bin Jaes sell before sangkut
20/04/2016 09:42

fahmi said"Mohd Fahmi Bin Jaes 70% should close down 1-3cen
21/04/2016 10:09

fahmi said"Mohd Fahmi Bin Jaes not time to accumulate. price still high.
accumulate should at ifca

fahmi said"Mohd Fahmi Bin Jaes when up, fund collect.
when down, bankrupt, high debt, ect. ayyyaa.

sell time. wait more down
25/04/2016 15:58

fahmi said"Mohd Fahmi Bin Jaes still going up? no way. 1.22
26/04/2016 15:44

fahmi said"Mohd Fahmi Bin Jaes not time yet to buy. more down coming
26/04/2016 16:03

and now he said "BBBUUUYYYYYYYY"......he also cannot tahan looking at ahseng.....hehehehe

Posted by papaya > 2016-05-17 12:33 | Report Abuse

even ahseng is a man.....hehehe

Posted by Mohd Fahmi Bin Jaes > 2016-05-17 14:24 |

Post removed.Why?

Posted by chickmonk > 2016-05-17 14:41 | Report Abuse

When Fahmi said buy, ahseng go down and vice versa.

Posted by papaya > 2016-05-17 14:51 | Report Abuse

fahmi....when the qr out?

Posted by Loopie > 2016-05-17 14:58 | Report Abuse

going to have EGM, hopefully some good news from the EGM..

Posted by Izam_mahathir > 2016-05-17 15:07 | Report Abuse

Ignore fahmi la.quater result 18 may right?

Posted by noobnnew > 2016-05-17 15:26 | Report Abuse

loopie, please ask more question on the egm. Especially on their debt and also controlling on TS Solartech

Posted by wetmarket > 2016-05-17 15:49 | Report Abuse

Is there a coming EGM? Extraordinary General Meeting? Understand AGM is on coming Friday, right

Posted by Izam_mahathir > 2016-05-17 16:37 | Report Abuse

Loopie please ask what noobnew has told us..u are my hero

Posted by Loopie > 2016-05-17 16:44 | Report Abuse

ain't going to join. those who are going, plz help

Posted by Izam_mahathir > 2016-05-17 17:05 | Report Abuse

Hahaha terus cancel

Posted by newboy > 2016-05-17 19:04 | Report Abuse

perfect!! Ah Seng closed record high again. $$$ ringing!!!

Posted by VenFx > 2016-05-17 19:10 | Report Abuse

哽野 。wait till neck long 都吾含递。

Posted by Derrick0617 > 2016-05-17 20:30 | Report Abuse

Can hit 1.50 this week

Posted by imnewbie > 2016-05-17 21:02 | Report Abuse

QR coming soon, how much EPS u guys expect?

Posted by Mohd Fahmi Bin Jaes > 2016-05-18 08:30 |

Post removed.Why?

Posted by JNG9678 > 2016-05-18 09:02 | Report Abuse

This week QTR results
Based on 320M+ shares
EPS shall around 5.2 cent

Posted by noobnnew > 2016-05-18 09:05 | Report Abuse

Lets hope it hit 1.45 before result release.

Posted by Mohd Fahmi Bin Jaes > 2016-05-18 09:14 | Report Abuse

QUARTER REPORT: TODAY:
-bloomberg

Posted by rice4444 > 2016-05-18 09:41 | Report Abuse

hehehe. i m gonna buy in more at 1.40 now. as i know it will hit 1.45 after lunch. huhuhu

Posted by JNG9678 > 2016-05-18 09:56 | Report Abuse

Hi all
This week QTR results
Based on 320M+ shares
EPS shall around 5.2 cent
If EPS out slightly don't ffff me ok!!

Posted by noobnnew > 2016-05-18 10:13 | Report Abuse

I am more conservative than JNG9678, so I will take a discount of 15% on his EPS. My quick calculation view as below

Scenario 1:

2016 Q1 EPS 4.42 sen
2015 Q4 EPS 4.02 sen
2015 Q3 EPS 2.01 sen
2015 Q2 EPS 1.50 sen

Total EPS = 11.95sen

If we put a 15x PER then should be value at 1.79 per share.
Current Price 1.39, 28% upside.

If we maintain current 19X PER then it should be value at 2.27 per share, 64% upside.

Scenario 2:
If current quarter EPS is 4.42sen, and decline 15% every quarter, and I use a lower 12xmultiple then the calculation are:

2016 Q1 EPS 4.42 sen
2016 Q2 EPS 3.76 sen
2016 Q3 EPS 3.19 sen
2016 Q4 EPS 2.71 sen

Total EPS= 14.08sen

PE = 12x, 1,68 per share. 22% upside.

Conclusion,

If market are really bearish towards TekSeng and their EPS are declining 15% every quarter. By a lower 10x PER, we still get 1.40 per share of fair value.

Limited downside with unlimited upside.

Posted by JNG9678 > 2016-05-18 11:02 | Report Abuse

noobnnew, sorry ya!

Allow uncle made minor modification on your EPS template!
With many xx years industry engineering experience and invoicing procedures,
I trust my estimation on qtr EPS is
much much " chunner" or near accurate to 2016, the actual EPS to be!

Scenario 2:

If current Q1 quarter EPS is 5.2sen, based on Q2/Q3 capacity taken up and fully booked.

JNG's EPS calculation are:

2016 Q1 ~EPS 5.2 sen
2016 Q2 ~EPS 5.0sen
2016 Q3 ~EPS 5.4sen
2016 Q4 ~EPS 5.4sen

Total 2016 EPS= 21.0sen, bingo! bingo !bingo!

PE = 9x, 1.89 per share. 36% upside.

In summary: I anticipate 2016's EPS will be quite flat ( adding another 100% capacity upside
a lot misc operation cost to be incurred )

Happy investing and collecting, we will verify 2016 EPS 9 months later!
Cheers

Posted by noobnnew > 2016-05-18 11:17 | Report Abuse

wow, JNG you are more optimistic than me but you assigned a more conservative PE. If we look back at PE ratio for Ah Seng, you will notice that the average PE was around 15x in last 5 years. If your estimation of EPS is correct then the 21.0sen translate with 15x PE should worth around 3.15.

Everybody huat

Posted by Izam_mahathir > 2016-05-18 11:42 | Report Abuse

3.15 is too optimistic.but its possible for ahseng

Posted by sklyte > 2016-05-18 12:07 | Report Abuse

5.2 cents? too optimistic,

Q1 - 5c
Q2 - 5c
Q3 - 5.8c
Q4 - 6.2C

22C X PE 10 = RM2.20, THANK YOU

Posted by noobnnew > 2016-05-18 12:16 | Report Abuse

I think we could all agree if nothing big going wrong the valuation of Tek Seng should be around 1.8 to 2.2?

Posted by mmk79 > 2016-05-18 12:55 | Report Abuse

Anything less than 5sen for this quarter is considered FAIL. I'm looking forward AH Seng to produce outstanding result for this quarter and coming quarters.

Posted by JNG9678 > 2016-05-18 13:10 | Report Abuse

Hi guys, from above you all shared out, it means you know something on Ah Seng
But also not know something. Not easy lah to know Ah Seng biz model unless you are techno guy!

Whatever, I strongly believe 2016 shall align range of 1.80 to 220 per noob

Posted by noobnnew > 2016-05-18 13:18 | Report Abuse

Ya, to understand ah seng business model is difficult. I spend most of my last weekend reading on industrial report. The cost of crystalline, difference between mono and poly crystalline, sun conversion efficiency and I am still a bit blur.