skyrider Fake ang mo kau BRITISHEMPIRE out to mislead ppl again. The staff were lay off due to unmet
business forecast, not because the they were lazy!

"GEORGE TOWN (Sept 29): Penang government says the latest retrenchment exercise at a unit of Penang-based Tek Seng Holdings Bhd was due to the company's redundancy caused by unmet business forecast, and is not reflective of the state's employment climate.

InvestPenang general manager Loo Lee Lian said in a statement today that the agency has been informed of the reason for the 180-staff retrenchment by TS Solartech Sdn Bhd, Tek Seng's solar cell and module manufacturer based in Penang Science Park."
02/10/2016 14:04


GEORGE TOWN (Sept 29): Penang government says the latest retrenchment exercise at a unit of Penang-based Tek Seng Holdings Bhd was due to the company's redundancy caused by unmet business forecast, and is not reflective of the state's employment climate.

InvestPenang general manager Loo Lee Lian said in a statement today that the agency has been informed of the reason for the 180-staff retrenchment by TS Solartech Sdn Bhd, Tek Seng's solar cell and module manufacturer based in Penang Science Park.

“TS Solartech recently announced the retrenchment of 180 operation staff recently hired on contract, who were on probation employment, and this is out of a total of 400 hired during that period. The affected staff were also offered alternative employment in another factory of the group,” she shared.
InvestPenang stands for Invest-in-Penang Bhd.

Loo asserted that the retrenchment is a management exercise that does not reflect employment climate in the state nor the industry.

She cited a report by analytics firm, IHS Markit, which had noted that the global photovoltaic (PV) module shipments would exceed 2015's shipments by 10%, with revenue forecast to hit US$41.9 billon.

“Two other major solar cells and modules manufacturers in Penang are not only unaffected, but are actually in expansion mode. This expansion by a solar company will be announced soon,” she said.
Loo also said job creation remains a primary focus of InvestPenang, in attracting new investments and re-investments.

“The restructuring exercise of companies closing down and opening up is a normal phase of the manufacturing industry, in line with technological advances and changing market conditions.

“There will be retrenchments and new hirings, but the net effect will still be positive this year, in terms of job opportunities for Penang,” she said.

Loo pointed out that new job opportunities are still being created in the manufacturing/industry sector, as well as the growing global business services sector in Penang.

http://klse.i3investor.com/blogs/teksengbhd/105466.jsp

BRITISHEMPIRE Just for everyones info only 11 of the workers were long term workers the other 240 were contract workers only on a short term contract as were not required long term this was the original plan. Company continues the expansion plan.

All I can say to all those panic sellers is thank you I just purchased 150,000 shares at 1.04 compared to 1.30 a few days ago it seems like Air Asia all over again ! All the panic sellers drove that down to .77 I brought at 87 and sold at 2.76 thank you very much indeed. Malaysia is full of shareholders who sell and buy on rumours instead of fundermentals.
30/09/2016 10:48

BRITISHEMPIRE Incidently in my capacity as a CEO in London this whole situation tells me Tek seng has very smart and good management who when wmploying protect themselves with strong contracts to enable the company to restructure as required. This is exactly what we do in England and allows efficient and productive long term success of a well run company. In short I am impressed by this management.
30/09/2016 14:55

*Thumbs up!

Thanks for info.

Thanks for info.

Even if u buy how much can the price go up? Even if u dun buy how much can u bring the price down?

Olga sometimes price and fundamentals dun go together.. divergence is where opportunity is. the key is make sure ur view is not clouded n patience.
14/01/2016 23:14

http://klse.i3investor.com/blogs/iqgroup/104499.jsp

http://klse.i3investor.com/blogs/iqgroup/104499.jsp

http://aspire.sharesinv.com/33911/can-global-led-market-growth-light-up-iq-group-holdings-prospects/

Thanks Hippo for info.

no excitement.. http://www.thestar.com.my/business/business-news/2016/09/01/lumiqs-brand-to-generate-30-of-iq-revenue-by-2020/

muacks* ^.^

Hi blackdove.. nice to hear from u again..

haha.. is it a "feng shui" effect?

good revenue.. profit no good

once change of name completed.. fly??

naaim207 too heavy

No no notion..

@naaim207.. haha.. i m not heavy.. but i will unload later..

haha.. lighter already can fly..

@naaim207.. u dun be so heavy can fly dy..

@naaim207.. if since june u've been collecting..

naaim207 good volume today
14/06/2016 11:08

@naaim207 haha bcos ur too heavy...

"inventory" is full.. fly it up..

agm on 30th august

too many rushing to buy.. must be something good in coming quarter report..

departed since october 2015 when i thought it was gaining momentum up.. its time to buy back what was sold..

if they have done it earlier it would be good..

at 0.28.. i still dun sell much panic.. just a bit..

next qoq important

Oops..

yeelee.. flying up?

opensys my old friend.. have are u doing?

haha.. well written blackdove

qoq is good but not impressive

the bull of sarawak

A wave of selling pressure is here.. to protect capital do not hold.. to take risk go ahead and hold on.. we dont know when this manipulation will be over..

A wave of selling pressure is here.. to protect capital do not hold.. to take risk go ahead and hold on.. we dont know when this manipulation will be over..

the effect of a stronger rm

rm is strengthening

qoq is good.. i got no instrument reliable for price movement..

lol.. qoq is good.. thats all i can say.. for sentiment i havent found any reliable barometer

gap down

good qoq... will price go down also?

good qoq.. yet price can drop with good qoq.. sad..

waa.. with rights issue expired, bad qoq.. gap down tmrw on open?

this is good..

haha wtk!! good job boy!

the delay is really too long..

nothing to brag about