Posted by Derrick0617 > 2016-05-19 14:25 | Report Abuse

Mr Loh eng chun,25,executive director of tek seng solartech

Posted by papaya > 2016-05-19 14:50 | Report Abuse

Hehehe soup333 become sup buntut....

Posted by papaya > 2016-05-19 14:57 | Report Abuse

Grab while it still in cheap sale.....hehe

Posted by issacgiap > 2016-05-19 15:35 | Report Abuse

agree

Posted by jimmyho68 > 2016-05-19 16:27 | Report Abuse

Profit Before Tax 34.673 million (2015); 18.127 million (2014); 7.540 million (2013) ; 9.628 million (2012); 10.002 million (2011)

Posted by chickmonk > 2016-05-19 16:36 | Report Abuse

電池報價已止跌 昇陽科Q2穩獲利新產能Q3到位
2016-05-19萬 惠雯

據太陽能報價網站PVInsights指出，太陽能電池價格正式止跌。昇陽科(3561)指出，目前公司報價的確已穩住，今年將維持台廠擴充模組、馬來西亞廠擴充電池產能的發展方向，若中國6月後太陽能政策落實，Q3價格有機會回升。昇陽科第一季EPS 0.69元，第二季仍有信心會維持獲利。

昇陽科在市場分佈部分，歐洲占比重逾40%，中國占比重近30%，東南亞約逾10%。其它市場部分，日本只剩一家客戶，美國則以單晶/Perc產品為主要需求。

在價格部分，Q1底因美國模組市場庫存問題，3月份台廠開始倒貨，價格自3月中旬開殺，4月持續下滑，一直到5月中正式止跌，昇陽科擬守0.305美元的底限。

展望後市，若中國6月後下半年系統裝置目標達10GW以上，代表全年約有17-20GW的市場量，若6月後中國系統安裝政策明確，Q3的價格有機會比Q1更好。

在產能部分，昇陽科今年的策略是因應新政府對太陽能電廠的支持，所以台灣將擴模組產能，而價格較好的馬來西亞廠則擴充電池產能。台廠預計模組產能倍增，擴充完後產能達120MW，新產能第三季上線；馬廠將擴2條新產線，由300MW擴充至500MW，估第三季安裝完成。

昇陽科仍看好馬來西亞廠的發展，馬廠新產能將於Q3底開始生產，價格比台廠高1-2成，利潤高出台廠很多，主要因沒有反傾銷的問題，目前市場主要銷往泰國/馬/越南。

在Perc發展部分，目前昇陽科已開4條Perc產能，維持全線滿載。昇陽科單晶Perc效率可達 20.8%，多晶Perc平均效率19.2%平均，最高可到19.6-19.7%，目前正在推動平均效率達19.4%的水準。

分享此文：


電子郵件

Posted by jimmyho68 > 2016-05-19 16:40 | Report Abuse

Anyone care to briefly translate the above into English? Sorry neh..

Posted by issacgiap > 2016-05-19 16:40 | Report Abuse

last min collect tomorrow shoppping

Posted by Izam_mahathir > 2016-05-19 16:44 | Report Abuse

English anyone?

Posted by DavidMichelagoC > 2016-05-19 16:46 | Report Abuse

Hooray....

Posted by issacgiap > 2016-05-19 16:51 | Report Abuse

good result
fast fast grab

Posted by issacgiap > 2016-05-19 16:52 | Report Abuse

faster sell i am q 1.33

Posted by issacgiap > 2016-05-19 16:53 | Report Abuse

come on 1.32

Posted by Mohd Fahmi Bin Jaes > 2016-05-19 16:57 | Report Abuse

buy buy

Posted by Mohd Fahmi Bin Jaes > 2016-05-19 16:57 | Report Abuse

buy buy

Posted by Izam_mahathir > 2016-05-19 16:58 | Report Abuse

For those who did't buy at this cheap price gonna regret.handsome result its gonna be

Posted by DavidMichelagoC > 2016-05-19 17:00 | Report Abuse

Casino close

Posted by sklyte > 2016-05-19 17:16 | Report Abuse

conman soup333

Posted by issacgiap > 2016-05-19 17:18 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 31/03/2016








Quarter: 1st Quarter
Financial Year End: 31/12/2016
Report Status: Unaudited
Submitted By:

Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/03/2016 31/03/2015 31/03/2016 31/03/2015
RM '000 RM '000 RM '000 RM '000
1 Revenue 131,279 58,957 131,279 58,957
2 Profit/Loss Before Tax 26,582 2,720 26,582 2,720
3 Profit/Loss After Tax and Minority Interest 15,074 2,128 15,074 2,128
4 Net Profit/Loss For The Period 25,048 1,196 25,048 1,196
5 Basic Earnings/Loss Per Shares (sen) 5.36 0.89 5.36 0.89
6 Dividend Per Share (sen) 0.00 1.00 0.00 1.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Tangible Assets Per Share (RM) 0.7200 0.6600

Posted by prescott2006 > 2016-05-19 17:22 | Report Abuse

Tomorrow Tek Seng will need to change their roof. :D

Posted by issacgiap > 2016-05-19 17:23 | Report Abuse

haha

Posted by JNG9678 > 2016-05-19 17:27 | Report Abuse

Hi all
My estimation short by 0.16cents ( 9678's EPS 5.2 vs actual EPS 5.36)

Posted by papaya > 2016-05-19 17:28 | Report Abuse

better without roof.....so everybody can see the sky the limit....hehehe

Posted by Derrick0617 > 2016-05-19 17:29 | Report Abuse

Short term borrowing and long term borrowing also reducing,while the cash is increasing

Posted by papaya > 2016-05-19 17:29 | Report Abuse

you're super power la jng9678......i hold tekseng bcos your comments...thks jng9678

Posted by Mohd Fahmi Bin Jaes > 2016-05-19 17:31 | Report Abuse

131,279 15,074
revenue up,
net profit up,

Posted by engchun > 2016-05-19 17:33 | Report Abuse

Hi all, for any enquiries, you can email to the IR department. It's better to get direct Q&A from the company rather than listening to the rumours around. Thanks.

Posted by zx08 > 2016-05-19 17:38 | Report Abuse

Thanks engchun, good result from tekseng.. Cheers.. Keep it up

Posted by sklyte > 2016-05-19 17:47 | Report Abuse

11.8x P/E only, and it will be 6-7x pe by end of the year, no brainer, just buy and hold

Posted by JNG9678 > 2016-05-19 17:49 | Report Abuse

Ok lah papaya, at least 9678 can eat papaya. Song loh !

Posted by Izam_mahathir > 2016-05-19 17:50 | Report Abuse

Wow more than i expected $$$$$

Posted by noobnnew > 2016-05-19 17:59 | Report Abuse

wow, JNG you are my idol. Hope to meet you in person and learn more about Ah Seng. I believe market would be pricing Ah Seng fairly, even the worst 12x PE I give to Ah Seng it should worth 1.54.

I still believe the reasonable P/E should be 15x, so current fair value should be 1.93

Posted by sklyte > 2016-05-19 18:09 | Report Abuse

you wait , if I super conservative 5c per each quarter = 20c eps x pe 12 = RM2.40?

Posted by sklyte > 2016-05-19 18:10 | Report Abuse

haven't counted 3 more lines starts on July and 2 more lines on Sep

Posted by Icon8888 > 2016-05-19 18:11 | Report Abuse

mind boggling

Posted by Izam_mahathir > 2016-05-19 18:25 | Report Abuse

Sklyte when another 2 lines gonna complete?

Posted by zx08 > 2016-05-19 18:26 | Report Abuse

Noobnew, how u count o? Like sklyte said, 5c per quarters x4 also got 20c eps x 12pe = rm2.4 gua.. Hehe.. 5c per quarter is too conservative .. Hahaha.. More to come..

Posted by Mohd Fahmi Bin Jaes > 2016-05-19 18:27 | Report Abuse

ready gap up

Posted by noobnnew > 2016-05-19 18:42 | Report Abuse

My calculation are based on previous 3 quarter plus current quarter with 12x PE which is super conservative count.

Posted by noobnnew > 2016-05-19 18:48 | Report Abuse

Current quarter EPS is 5.36sen, and decline 15% every quarter, and I use a lower 12xmultiple then the calculation are:

2016 Q1 EPS 5.36 sen
2016 Q2 EPS 4.55 sen
2016 Q3 EPS 3.87 sen
2016 Q4 EPS 3.29 sen

Total EPS= 17.07 sen

PE = 12x, 2.04 per share. 55% upside.
PE = 15x, 2.56 per share. 92% 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 1.70 per share of fair value.

I am a super conservative and pessimistic. Thats why I think my valuation should be the worst case scenario.

Posted by papaya > 2016-05-19 18:48 | Report Abuse

waiting tekseng(3)write up from icon8888.....hehe

Posted by sklyte > 2016-05-19 19:24 | Report Abuse

they have ordered ma, that's why they did placement last round to order to additional lines, will come in on September, read analyst report

WTF NOOBNEW, how can EPS decline 15% every quarter, u must be the most nuts investor ever!

Posted by noobnnew > 2016-05-19 19:33 | Report Abuse

I just predict the worst that might happen.I am the most pessimist investor and I always believe on taking care the downside and the upside will take care itself. Yeah, 15% decline are highly unlikely to happen but there are still a probability that we couldnt rule out.

Posted by mmk79 > 2016-05-19 19:36 | Report Abuse

Ah Seng did not disappointe us. Expect at least 5sen this quarter. And turn out better than that. Kam pateh Ah Seng.

Posted by sklyte > 2016-05-19 19:38 | Report Abuse

if 15% decline per quarter, cannot trade at 12x la, must be 8-10x, this is a growth company, conservative = no growth ok

5c x 4 = 20c super conservative

yours is Holland case

Posted by JNG9678 > 2016-05-19 19:48 | Report Abuse

Hello Chickmonk, we are waiting more sharing from you!
TS Solar I3 you are the lead and Pioneer!

You deserve our 3X salutes!

You see even Eng Chun young Director also comes today!

Happy investing and collecting!

Posted by VenFx > 2016-05-19 20:31 | Report Abuse

A ' Winner counter ' that shall prevail any bad weather :)

Posted by chickmonk > 2016-05-19 20:37 | Report Abuse

Hi, JNG9678. I will share when there is latest news related to tekseng. Congrats ahseng shareholders. Are you sure the director comments in i3? Haha!
I'm saving more bullets to buy ahseng when there is an adjustment.
Huat at!!!

Posted by kt_invest > 2016-05-19 20:53 | Report Abuse

Congrats all. I just read the latest quarter report. Super performance.

Posted by Derrick0617 > 2016-05-19 21:35 | Report Abuse

See u all at tomorrow agm...