Remember the retrenchment of the contract workers last year in september where the "internal memo" about the retrenchment was leaked out earlier & caused the drop in share price? Sometimes such dodgy leak of information can also be useful when those insiders working in the company could possibly know the coming result is good or better hence driving up the share price. Whatever that is, u should plan your trade well for the coming result this week.

The recent price surge starting from 06-Feb could possibly insider-related buying. It could be due to the reason that insider know the coming result is good. I'm just speculating but the strong volumes ranging between 07-10 Feb & with price still steady is suggesting to me that the coming result could be good hence the strong take-up rate of the shares.

TS Solartech S/B is not a direct subsidiary of Taiwan's listed Solartech but a JV company with Tekseng so the taiwanese Solartech's revenues as published in their website do not reflect the sales/revenues of the JV company directly. Just keep an eye on the coming result most likely this week.

Other divisions of Tekseng should post steady & positive results but watch out for it's solar division.

Each quarter always profit but watch out for it's solar division to see whether sales rebound.

Some of them are just riding on the momentum of a stock. Do your own judgement.

Since the PVC division is relatively stable over the years and recorded positive profits each quarter, the only key issue for this year 2017 is how does Tekseng's solar division perform in the subsequent quarters. Now they are focusing on China and Taiwan markets. Just watch closely whether it can get orders from new markets or new customers so that will enable it to beat last year's record high earnings.

Suddenly Tekseng is the talk of the town since yesterday. I have mentioned before that it's PVC division is able to stabilize earnings each quarter to be profitable so if the solar division produces positive, better or even surprising earnings it is a plus and boosting the full year earnings. If u check the annualized earnings, it is already impressive doubling than before.

Only those who accumulated below 0.70 made a lot of money. Those panic buy above 0.70 tend to sell quick. In my opinion, Tekseng is cheap lah. Each quarter it's PVC division deliver always positive profits so it can cushion any type of slowdown in it's solar division. To me, any positive or better results in it's solar division is going to cause the share price edging higher.

Considered still cheap to insiders.

Impressive!

For Q3 results announced on 29Nov2016, the solar division has recorded almost no growth in Q3 with profits only RM23k while PVC division recorded RM6.381m as always having positive profits every quarters. Even though the solar has no growth in previous quarter, it's P/E ratio remains low below 5.0. The market does realize it is cheap and undervalued thus share price should be adjusted higher with dividend policy in place which is suitable for long term investment.

So for the coming Q4 to be announced next week, it is likely still be positive due to the stable PVC division over the years. It will be an added advantage or surprise if the solar division in Q4 able to record a higher than expected profits than the previous quarter.

Perhaps insiders already know the results and accumulating now. One more week to go. Get a grip.

Solarboy, read that
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5247481

Tekseng's currency exposure profile of trade and other payables are as follows:

Fiscal Year 2014:
66,019,835 (Ringgit Malaysia)
11,416,028 (US Dollar)
2,167,459 (EURO)
0 (Taiwan Dollar)

Fiscal Year 2015:
27,527,570 (Ringgit Malaysia)
47,944,690 (US Dollar)
274,185 (EURO)
330,040 (Taiwan Dollar)

Worst may be over and we've seen the share price bottom in recent weeks. Could be insiders accumulating and possible q4 result surprising. It's stable PVC divisions should be positive or better so we only waiting for the solar division to see if it can post a positive earnings or better than previous q3 one. Personally, I don't think they invested so much into a solar factory and expect flattish results.

Some hope there with strong buying.

Seeing how it moves now with result to be announced soon it may be moving up if data is encouraging.

Year PVC Sheeting / PP Non-woven / PVC Leather / Others / Solar
2013: 10,901,000 + 763,000 + 643,000 + 2,783,000 + (-13,325,000) = 1,765,000
2014: 10,678,000 + 785,000 + 512,000 + 2,812,000 + (-3,398,000) = 11,389,000
2015: 11,610,000 + 979,000 + 539,000 + 2,389,000 + 13,140,000 = 28,657,000 (solar 46%)
2016: 15,922,000 + 1,024,000 + 718,000 + 3,871,000 + 33,611,000 = 55,146,000 (solar 61% so far)

Waiting for another Q4 result coming soon will be added into 2016 total. Expecting result to be announced in mid February 2017.

If u exclude profits from solar division, the annual profits are relatively stable over the years.
2013: 15,090,000
2014: 14,787,000
2015: 15,517,000
2016: 21,535,000

Nonetheless, the profits from solar has contributed massively since 2015.

Besides solar, the PVC Sheeting has always bring in steady revenues and profits each year. So after reviewing it, I found that the PVC sheeting is a versatile product which can be applied & used in the following:

Packagings, Ceiling Boards, Wall Paper, Lamination on plywood, Stationaries, Raincoats, Car Mat, PVC Umbrella, Canopy, Coat Cover, and the list goes on.

http://www.tekseng.com.my/pvc-sheeting

https://en.wikipedia.org/wiki/Ramp_up

Exporter with PE ratio 5.0 still not cheap enough? They rely on china taiwan customer orders so US trump's next possible trade policies won't affect tekseng. Check below:

"..... to ramp up its production capacity based on the volume loadings from existing customers in China and Taiwan."

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5247481

Time to sell or still can go higher?

That looks like good news for solar.