Director Loh kept buying company shares from open market since 28 Aug 2018.
Time to relook at ah seng, especially since it is now at/near bottom.

Solar production already stopped since 17 sept 2018, so no more bleeding.

... and that create the confusion. But after so long why still no Amended Announcement ??

The report got the bracket at the wrong place. Should be .... (Loss)/Profit from Operations !!

More negative qtrs to come, and 20 sen is coming.

If qtr is negative, then can go below 0.20.

If a few negative qtrs without BCM contributions, it may even go below 20 sen!

Without contribution from BCM Electronics Corporation Sdn Bhd (after its disposal), comcorp results will be in the red. So after the 45 sen dividend and BCM contirbution become zero, comcorp may go below 30 sen. So at 79 sen including the 45 sen dividend, is comcorp cheap? well you decide.

sasuke is right, the dividend is old news ...... so you can guess the outcome for the following days.

http://www.thestar.com.my/business/business-news/2017/06/05/vivovom-temporarily-stops-work-on-gateway-klang/

Taiwan solartech Feb'17 sale still bad. http://en.solartech-energy.com/invest/report-mon.aspx?Y=2017 so TS solar 1Q sale can't be much better either.

Unless NSP make big compensation to TS solar for taking back the equipments (say compensation of more than 15 million) otherwise negative result for TS solar 1Q 2017 is very much a certainty.

But bear in mind that the said compensation will be the last one from NSP, after that no more and TS solar has to stand on its own feet bracing the solar storm.

safewinner u are right, look for the company future not the past. But the PROBLEM is the future is grim as no clear solar recovery in sight and likely more negative qtrs ahead. If u don't believe, reproduced here the link posted by Patrick13 earlier. http://times.hinet.net/news/20047522

In the past 8 years (2007-2014) when tekseng was without solar, its yearly EPS were about 2 to 3 sen and they have only 2 negative qtr (only -0.21sen and -0.04sen). Its average price was then about 35 sen. http://klse.i3investor.com/servlets/stk/fin/7200.jsp

Now the beans are really spilled, with tekseng produce negative qtr as bad as -2.17sen due to solar (10 years worst performing qrt). With no clear sign of solar recovery and likely more negative qtrs ahead, don't expect market would be so kind this time to give it anything above 50 sen.

As I said before, "水能载舟,亦能覆舟." The water that bears the boat is the same that swallows it up.

TS solar cannot even compete with Vietnam. That is why NSP relocate the equipment to Vietnam.

Solar performance worse than I thought. With the solar prospect still grim, 0.50 is not impossible.
So sad for tekseng. It was once such a gem.
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Posted by skyrider > Dec 2, 2016 05:00 PM | Report Abuse

Can solar 4Q give overall negative ? Yes, because ...
pv price start to crash from July and bottom in Sept, so in 3Q only Sept bore the full brunt of the solar crash. Though solar has recovered from bottom since then, the recovery was not big, and as at late November, price is still 26.6% lower than July.
"He noted that solar cells were selling for about US$1.10 currently, compared with about US$1.50 in July." http://www.thestar.com.my/business/business-news/2016/11/28/tek-seng-expects-net-profit-and-revenue-to-improve/
So the whole 4Q may bear the full brunt of the solar crash to give an overall solar loss, which will eat into PVC profit and result in overall EPS = 1 !!

But that profit by way of compensation is only 1 time gain, after that TS solar still has to face with the grim prospect of low pv price and low sale and low/negative margin, and furthermore without the cushion of "Compensation from a supplier" anymore.

Whatever the reason for the recent price surge, I opine solar prospect is still grim, otherwise why would NSP dumb dumb take back equipments at huge impairment loss?
Furthermore if Taiwan solartech performance is of any guide to TS solar, its poor Jan'17 sale is not very encouraging. http://en.solartech-energy.com/invest/report-mon.aspx
Nevertheless I believe TS solar may make good profit (in the form of compensation) selling equipments back to NSP, that is why the recent price surge.

Similarly NSP could be so not smart to write in the contract to take back the equipment from TS solar at a big loss (but profit to TS Solar) . Can anyone confirm this ?

Now come to the question of "If making profit why sell?". My guess is TS solar could sell back to NSP at a handsome profit. This is a possible as NSP could be so not smart in the first place to offer TS solar good compensation if they do not order enough.

TS solar was making profit for the past 5 qtr. Even in the bad 2016 3Q, it also make profit, even though it was saved by the "Compensation received from a supplier" of RM3.779 million.
That is why I opine once this cushion of "Compensation received from a supplier" is removed, TS solar bottomline will suffer.

Without this "Compensation received from a supplier" of RM3.779 million in Q3, TS solar would have been in the red in Q3.

If NSP would retrieve the manufacturing equipment from TS Solar, that mean TS solar will not be cushioned by the "Compensation received from a supplier" any more ( RM3.779 million in Q3 ).
Wouldn't that hurt TS solar bottomline ?

Wow, sold half year ago, great timing ! Pls alert us when time for re-entry, thanks.

eeddiewgj: "who will make a product and sell it with negative margin ............. the owner will rather stop all production instead of selling with losing money." ... this statement is misleading.

As long as the loss is manageable, it is ok to manufacture with negative margin so as to weather through the storm. It is better than to stop production and retrench all staff, which will have an even more serious ramification.
Have u heard of factory close off just because of a temporarily manageable negative margin ?

Welcome back chickmonk ! Have not heard from u for so long.

He is afraid to be sacked for failing to safeguard his fortress at 0.50 before 4Q !

ppl are curious to see wahahaha fortress at 0.50 !!

With miss jolin support, ah seng sure die lah ........

Miss jolin bought ah seng at 0.73 last friday, now already 0.67 ! She is becoming a match for wahahaha !!

Tekseng couldn't recover without global solar recovery, which is not happening now. In fact pv prices has dropped again recently .... http://pv.energytrend.com/

wahahaha is busy building fortress at 0.50 ..... foresee battle there before 4Q !

If u wait for 4QR2016, 1QR2017 & 2QR2017, u would have been boiled by then, just like a boiling frog !

Project diluted EPS for 2017 and 2018 are only 0.94 sen and 0.4 sen respectively !
jay: http://klse.i3investor.com/blogs/purelysharing/107442.jsp

Next year will be about 10 sen on pe = 10. That is why price keep dropping.

IamTheBoss, wahahaha is just doing his job. He has been sacked once for failing to safeguard 0.86 before 3Q, he does not want to be sacked again for failing to safeguard 0.50 before 4Q. That is why he is working so hard.

Everything hinge on the solar. If solar improve, price up, if worsen, then price down.
So M16s, care to share your opinion on Tekseng 4Q solar ?

Walao eh, even miss jolin buy ah seng! Ah seng sure die lah this time ..........

Can solar 4Q give overall negative ? Yes, because ...
pv price start to crash from July and bottom in Sept, so in 3Q only Sept bore the full brunt of the solar crash. Though solar has recovered from bottom since then, the recovery was not big, and as at late November, price is still 26.6% lower than July.
"He noted that solar cells were selling for about US$1.10 currently, compared with about US$1.50 in July." http://www.thestar.com.my/business/business-news/2016/11/28/tek-seng-expects-net-profit-and-revenue-to-improve/
So the whole 4Q may bear the full brunt of the solar crash to give an overall solar loss, which will eat into PVC profit and result in overall EPS = 1 !!

Can 4Q EPS = 1 ? Yes, when solar 4Q give overall negative.

Can tekseng reach 0.50 ? Yes, when 4Q EPS = 1.

This is a slow boat to Holland, wake up !!

project diluted EPS for 2017 and 2018 are only 0.94 sen and 0.4 sen respectively !!
jay: http://klse.i3investor.com/blogs/purelysharing/107442.jsp

Don't be the boiling frog, jump out of the pot before u are boiled !
By next year it is worth only 0.10 !!

wahahaha was sacked earlier for failing misearably to safeguard 0.86 before 3Q.
He will be sacked again when he fail to safeguard 0.50 before 4Q !
Work harder wahahaha ................................

wahahaha was fired for doing a lousy job ..... just rehired back as no one want to take up the challenge posed by Tekseng, after the cat has been let out of the bag.

Tekseng solar must be in bad situation now, so much so that wahahaha has to work so hard promoting !

With wahahaha in full force promoting now, forsee 0.50 coming by 4Q ..........

With wahahaha still promoting now, it is a strong sign that 4Q will be another poor 4Q.
He has brought us from 1.20 + to 0.70, by 4Q he could bring us to 0.50 !!
Thanks wahahaha, u are such a realible guide !

Actually from the company selling so many treasury shares before qtr is a hint that something is wrong.

Don't be the boiling frog ............

patient lah .... can get 0.10 next year ...... no hurry !