Posted by INVEST_AA > 2020-07-30 10:12 | Report Abuse

TekSeng is producer of non-woven fabric which is used for the manufacturing of face masks and protective gowns.

Per the edge (29.6.2020), It's polypropylene (PP) non-woven manufacturing business is booked up to August as orders surged. And likely its production is booked even longer as of now due to higher demand as Malaysia impose compulsory mask usage from 1 Aug.

“It should be looking quite strong for now. PP non-woven prices shot up close to 300% in April and May and we are looking at 200% from June to August. Overall, we are seeing a price surge of over 200%,” Eng Chun says, adding that net profit margin has doubled to 15% from the 6% to 8% seen before the Covid-19 pandemic.

With that, Tek Seng, which has been running at full capacity of 300 tonnes per month, will double its production capacity when new machinery comes on stream in 3Q.

The company is looking to declare dividends again.

Tek Seng’s non-woven fabric is mainly for the domestic market while 60% of its PVC products are exported.

“Our buyers are mainly MEDICAL and MASK Players and almost all local mask players are our clients now. We are also shifting a bit to the export markets and we do sell to North America and Europe,” says Eng Chun.



Tekseng is in much better position to tap on the upside advantages compare to mask producer as it provides the raw material to almost ALL the mask players...

Posted by joni > 2020-07-30 10:13 | Report Abuse

this qr should be much better

Posted by moneymoneycome > 2020-07-30 13:02 | Report Abuse

don't understand why ocncash up but not tekseng

Posted by ChefSaham > 2020-07-30 13:18 | Report Abuse

qr out cfm break rm1 later

Posted by crabbyboy > 2020-07-30 13:23 | Report Abuse

the strange thing is, why post now? usually is after 5pm of the day

Posted by INVEST_AA > 2020-07-30 13:25 | Report Abuse

Good Profit! UP UP UP

Posted by pvd_investor > 2020-07-30 13:25 | Report Abuse

Wow that is really a wonderful news !!

Posted by AnnH > 2020-07-30 13:32 | Report Abuse

result out guys

Posted by INVEST_AA > 2020-07-30 13:40 | Report Abuse

Moving forward, the Group will focus on producing PP Non
Woven materials to cater for medical appliances

Posted by KSL5242 > 2020-07-30 13:57 | Report Abuse

1.4 seems still undervalue for this stock...next qr profit shall easily more than 10m

Posted by INVEST_AA > 2020-07-30 14:00 | Report Abuse

Yea cos lots of people still didn't notice this stock,..

Posted by chickmonk > 2020-07-30 14:01 | Report Abuse

Tp RM2.00 not included expansion

Posted by ForceBWithU > 2020-07-30 14:04 | Report Abuse

It should be higher than rm1.50. Company profitable with rm51 million in FD. Face mask is more in use than surgical glove.

Posted by Stockwiser > 2020-07-30 14:05 | Report Abuse

Wat I expected is higher profit and dividend payments

Posted by ForceBWithU > 2020-07-30 14:15 | Report Abuse

I think the Directors are setting aside rm20 million to increase the manufacturing capacity for PPE this qtr. Hence no dividend payment proposed.

Posted by BabyAce > 2020-07-30 14:23 | Report Abuse

The fastest and most pro analyst to help you guys. https://klse.i3investor.com/blogs/BabyAceStockAnalysis/2020-07-30-story-h1511441201-TEKSENG_7200_Ah_Pek_Company_With_Good_Potential_Q2_Fantastic_TP_RM1_20_.jsp

Posted by High5 > 2020-07-30 14:29 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 30/06/2020 | https://www.klsescreener.com/v2/announcements/view/3201855

Posted by Angangang > 2020-07-30 14:38 | Report Abuse

why drop...

Posted by Happy Investing > 2020-07-30 14:38 | Report Abuse

revenue drop

Posted by INVEST_AA > 2020-07-30 14:41 | Report Abuse

Good to collect... No worries

Posted by Value_Investor_888 > 2020-07-30 15:06 | Report Abuse

Tekseng posted better earning results....We can foresee that it earning in coming quarters could be better due to demands on non-woven material for face masks will be increasing. But market now is punishing Tekseng...Look funny...but this is real...you know what to do now...

Posted by INVEST_AA > 2020-07-30 15:07 | Report Abuse

Overall market sentiment is not so good... also political reason

Posted by INVEST_AA > 2020-07-30 15:07 | Report Abuse

Just Hold on... it will rebound...

Posted by INVEST_AA > 2020-07-30 15:08 | Report Abuse

Its real value is more than this...

Posted by Value_Investor_888 > 2020-07-30 15:13 | Report Abuse

A good student kena rotan look wierd...this markert is trading crazyly with emotion!

Posted by AnakStocker > 2020-07-30 15:18 | Report Abuse

Volume is getting higher now ?

Posted by Stockwiser > 2020-07-30 15:23 | Report Abuse

Seem like the market is same tot with me. Lower than expectations

Posted by Value_Investor_888 > 2020-07-30 15:27 | Report Abuse

All stocks kena rotan now, not only TekSeng....ppl trade in the market full with emotion now as tomorrow our casino is OFF....

Posted by JC2020YES > 2020-07-30 15:45 | Report Abuse

I wonder where is the 300% increase in price of NW claimed by the director in April and May? Seem like 30% can reach the results announced today!

Posted by AnakStocker > 2020-07-30 15:47 | Report Abuse

Yeah ! Is true from @Value_Investor_888

Posted by Kkk5757 > 2020-07-30 15:51 | Report Abuse

if u believe in TekSeng...Then bow is time to collect now...It will rebound soon... :)

Posted by 2225566 > 2020-07-30 15:56 | Report Abuse

@stockwiser. Yes, lower than expectation for me as well. Should be even better!

Posted by 2225566 > 2020-07-30 15:59 | Report Abuse

Really strange. How can the revenue dropped compare to 1Q ? when they could run in full starting from April?

Posted by Superb99 > 2020-07-30 16:02 | Report Abuse

all gg today, investors does not like holiday...lol

Posted by PenguinDad > 2020-07-30 16:08 | Report Abuse

trickle the circuit breaker again.

Posted by vivoviva > 2020-07-30 16:09 | Report Abuse

The Loh's sleeping or havent wake up?

Posted by ForceBWithU > 2020-07-30 16:12 | Report Abuse

Just sold all my HLT and Poh Kong shares to concentrate on Tek Seng. Bought lots of Tek Seng avg 0.86. More upside coming

Posted by INVEST_AA > 2020-07-30 16:12 | Report Abuse

Value buy!

Posted by Mar2083 > 2020-07-30 16:17 | Report Abuse

Up soon

Posted by Stockwiser > 2020-07-30 16:23 | Report Abuse

Seem one of the guy sold it on yesterday is wise mood

Posted by ForceBWithU > 2020-07-30 16:24 | Report Abuse

Common investment sense will prevail? Dont look too much into revenue reduce. 2nd Qtr 2020 was the MCO period and most business activities stifled. I am sure 90% of listed companies will report drop in revenue and profits. Lots more will report losses. Come 1st August face mask becomes mandatory in public places. Tek Seng management knows how to take advantage of the situation and push the shares price up. The Loh family holds more than 42% shares. Who doesn't want to be a billionaire.

Posted by ForceBWithU > 2020-07-30 16:27 | Report Abuse

Today is buying opportunity. Is there anything adverse in the results. No! The expectation of higher EPS and dividend is just a fickle wish. Buy when the weak holders are selling.

Posted by ttluck > 2020-07-30 16:33 | Report Abuse

good news....Sabah snap election...mean mask needed urgently to lobbying vote around (must wear must going out)...mayb will even give free mask away....election consider crowded...more mask needed...final words....mask mask mask....

Posted by solidwhitebush > 2020-07-30 17:06 | Report Abuse

Healthy retrace, cheap cheap before another wave.

Posted by pvd_investor > 2020-07-30 17:28 | Report Abuse

May be gapup on Monday

Posted by lau9639 > 2020-07-30 17:41 | Report Abuse

Why getting so panic ?The company is from a losing company to a very profitable company and the next qr will be very good especially the government mandatory enforced wearing masks fr August 1st onwards!

Posted by lau9639 > 2020-07-30 17:44 | Report Abuse

I believe short term to Mid term TP: RM1.20. Will reach RM2 if the next quarters results is amazing.After panic selling, this three days holidays will enable more investors to study the financial report, Monday will be on uptrend

Posted by zhexiangxd > 2020-07-30 18:05 | Report Abuse

What to do, our market now full of weak minded investors and short term traders, can't fight the trend. Look at Bursa shareprice already know, result so good, trading volume super high everyday but price drop more than 10% in 3 days after QR.

Posted by WiseTrade > 2020-07-30 18:49 | Report Abuse

Tekseng is already operating at full capacity and is fully booked until August. It has used RM20m for capital expenditure to expand the production capacity. This expansion will start operating at Q3 which is the coming quarter. As for the lower revenue compare to last quarter, it has been mentioned in the news that Q2 will have 70% of the revenue coming from pp non-woven while Q1 only make up 30% of it. Tekseng catagorise their PP non-woven under the PVC category but PVC is actually a different product from PP non-woven. It basically means there is a drop of revenue from PVC and a raise in PP NON-Woven and PP Non-Woven generated more net profit as it has higher net profit margin which can be seen in the latest report with high net profit. So a simple calculation of double capacity in the coming quarter means Tekseng will most probably post a 50-100% profit increment.

Posted by WiseTrade > 2020-07-30 18:56 | Report Abuse

The closest competitor of Tekseng is OCNCASH in producing non-woven fabric but OCNCASH management has already clarified during a June interview with Affin that their non-woven fabric is not use for face mask. With the release of the latest report, Tekseng also has better EPS comparing to OCNCASH so Tekseng remained the better choice out of the two.