EU to phase out China solar panel duties
http://www.thestar.com.my/business/business-news/2017/02/08/eu-to-phase-out-china-solar-panel-duties/

EU softens proposal on extension of Chinese solar duties
http://uk.reuters.com/article/us-eu-china-trade-idUKKBN15N18X

Q4 result should be out next week. I think insiders are buying still cheap.

When it reached 0.77-.775 just now shortly it has +10% gain intraday. Still not enough for 1 single day? I'm buying back now.

Most likely insiders know result is good which is due next week.

Yesterday some big fish buy up in blocks. Today we are seeing it again.

Patrick13 good for u. I added some more today. If u observe today's transactions, there are few big rounds buying in blocks from 0.69 onward. Let's hope it can speed up.

Wah....look like insiders buying up! A lot of big rounds buying

Greenpeace I totally agree tht its PE is lowest among exporters that I can find. It is only second to SIGN right now. Do u think it's pattern is moving to a breakout?

I wonder if Tekseng can export more solar products to China/Taiwan since these countries are shifting their energy needs to solar and they invested heavily. Will that be cheaper for them to import from Malaysia than manufacture themselves since ringgit exchange rate is drop dead low?

Solar companies set to change the manufacturing landscape in 2017
http://www.pv-tech.org/editors-blog/solar-companies-set-to-change-the-manufacturing-landscape-in-2017

Capital expenditure in the PV industry for 2017 and 2018
http://www.pv-tech.org/editors-blog/capital-expenditure-in-the-pv-industry-for-2017-and-2018

China's solar power capacity more than doubles in 2016
http://www.reuters.com/article/us-china-solar-idUSKBN15J0G7

China is now the biggest producer of solar energy
https://www.engadget.com/2017/02/05/china-becomes-biggest-solar-energy-producer/

The World In 2020 author to give bigger snapshot of future in Dubai
http://www.thenational.ae/business/the-life/the-world-in-2020-author-to-give-bigger-snapshot-of-future-in-dubai


The rise of solar power has happened quicker than expected, he says; the price of solar panels has dropped considerably and there has been a huge amount of investment, particularly by China.

The country is building the world’s biggest solar farm in the Ningxia region, the size of 7,000 city blocks and costing US$2.3 billion.

Still optimistic here. The quarter 4 should be announce this or next week.

Jump up now. Good result coming?

Even UAE the largest oil producer in the world is going for solar with massive US$163bil in projects. This is latest news!

DUBAI: The United Arab Emirates announced Tuesday plans to invest 600 billion dirhams (US$163bil) in projects to generate almost half the country’s power needs from renewables.

”Our aim is to balance our economic needs with our environmental goals,” Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said on Twitter as the Gulf state unveiled its “Energy Strategy 2050”.

The UAE is a top oil exporter, but has taken steps to reduce its dependency on fossil fuels to generate power, including building nuclear facilities.

The country’s energy mix by 2050 will comprise 44% from renewables, 38% from gas, 12% from clean fossils and 6% from nuclear energy, said Sheikh Mohammed, who is also the UAE’s vice president and the ruler of the emirate of Dubai.

”The plan aims to increase usage efficiency by 40% and increase clean-energy contributions to 50%,” he wrote.

In June, Dubai announced plans to build a 1,000-megawatt solar power plant by 2030, the year it aims to turn to renewable energies for 25% of electricity needs.

In 2013, Abu Dhabi opened the world’s largest operating plant of concentrated solar power, which has the capacity to provide electricity to 20,000 homes.

South Korean firms are also building four nuclear reactors west of Abu Dhabi, which are expected to generate 1,400 megawatts by 2020.

The UAE produces around 2.99 million barrels per day of oil, of which it exports around 2.44 million bpd, according to Opec statistics. - AFP

UAE to invest US$163bil to diversify energy
http://www.thestar.com.my/business/business-news/2017/01/11/uae-to-invest-us$163bil-to-diversify-energy/

Tekseng moving. Maybe director buying?

Penang says latest bout of retrenchment not reflective of the state's employment climate
By Supriya Surendran / theedgemarkets.com | September 29, 2016 : 5:00 PM MYT


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.

“In the interim, those affected by job displacement can contact the Penang Career Assistance and Talent Centre at www.penangcatcentre.my for assistance to find new job opportunities.

“Penang still requires more workers, at least 20,000, in line with the state recording one of the lowest unemployment rate in the country of 1.5%,” Loo concluded.

Since news broke of the retrenchment exercise on Sept 27, Tek Seng’s share price has dropped by 19% to close at RM1.04 yesterday.

Today, Tek Seng's shares have continued declining, hitting as low as 99 sen, after a 4.8% retreat, before regaining some losses.

As at 4.28 p.m., it was down 2 sen or 1.92% at RM1.02, valuing it at RM353.5 million.

Something bound to happen between Tekseng & Cypark

besides cypark, have a look at tekseng too
http://www.thestar.com.my/business/business-news/2016/02/15/tek-seng-set-to-triple-production-capacity/