TEKSENG
(7200), share price increase with the volume increase, uptrend now. Currently trade
at RM0.505; TEKSENG’s share price touches RM0.515 last Friday and record a
52 weeks high.
Current Share Price: RM0.505
EPS (cent): 5.64
P/E Ratio: 8.95
NTA: RM0.560
2QFY14 Report Overview.
Tek Seng
Holdings Bhd (TEKSENG 7200) reported unaudited consolidated earnings results
for the second quarter and six months ended June 30, 2014. For the quarter, the
company reported revenue was MYR 70,448,000 against MYR 53,563,000 a year ago.
Profit before tax was MYR 12,580,000 against MYR 1,393,000 a year ago. Profit
for the period attributable to equity holders of the company was MYR 9,834,000
against MYR 627,000 a year ago. Basic and diluted earnings per share were 4.10
sen against 0.26 sen a year ago. For the six months, the company reported
revenue was MYR 122,351,000 against MYR 97,435,000 a year ago. Profit before
tax was MYR 14,443,000 against MYR 2,528,000 a year ago. Profit for the period
attributable to equity holders of the company was MYR 10,812,000 against MYR 1,012,000
a year ago. Basic and diluted earnings per share were 4.51 sen against 0.42 sen
a year ago. Net cash used in operating activities was MYR 1,064,000 against MYR
4,028,000 a year ago. Purchase of property, plant and equipment was MYR
3,508,000 against MYR 4,794,000 a year ago.
The revenue boost up basically due to the revenue increase in one of its business segment - SOLAR TECHNOLOGY.
TEKSENG (7200),
Solar segment contribute to the group 6 months revenue from 1 January
2014 to 30 June 2014 from RM2,550,000 a year ago to RM20,703,000. A very strong profit support to the group financial. Well done Solar Technology!
Petroleum will be exhausted one day, but Sun will never die. Solar technology
will be the next major energy supply in the world.
TS SOLARTECH OVERVIEW
Founded in
2010, located in Penang Science Park Malaysia, TS Solartech is dedicated to the
research, development, and production of high-quality solar cells, modules, and
PV system. The Company strives to become the world's leading solar supplier
through continuous innovation, outstanding production processes, high yield
rates, and world-class product efficiency.
TS
Solartech was established as a subsidiary of Tek Seng Holdings Group, a well established PVC products manufacturer
for over 30 years. Since 2010, TS
Solartech has become the first Malaysian-owned company that inked contract with
a German leading solar equipment maker and equipped with the first automatic
solar cell-manufacturing equipment in Malaysia.
Under its leadership, TS Solartech is committed to provide a clean and
effective solar energy with affordable price for a sustainable world.
From the
beginning of its production in June 2012, TS Solartech has been working
tirelessly to boost the output and efficiency. Within two months after commencing
volume production, TS Solartech had achieved a yield rate 97% with an average
conversion efficiency of 17.6%. TS Solartech plans to continue expanding its
production capacity in order to achieve greater economies of scale; by 2015,
total installed capacity will reach 640 MW.
As an
international manufacturer, TS Solartech consistently provides premium quality
solar cells, with outstanding delivery, reliability and a competitive price. By
upgrading its product efficiency and service quality, TS Solartech constantly
supplies state-of-the-art crystalline solar cells to prominent international module
manufacturers worldwide.
Happy Trading
Asianbuffett
