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Stock With Momentum: Tek Seng Holdings

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Stock With Momentum: Tek Seng Holdings

Post by Cals Fri 18 Dec 2015, 20:28

Stock With Momentum: Tek Seng Holdings

By Asia Analytica / The Edge Financial Daily | December 18, 2015 : 10:47 AM MYT

This article first appeared in The Edge Financial Daily, on December 18, 2015.

[size=16]Tek Seng Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 0.60) (-ve)
PVC and solar products manufacturer Tek Seng (Fundamental 0.6/3, Valuation: 0.8/3) triggered our momentum algorithm yesterday, closing 4.9% to its all-time high of 96 sen.
There appears no significant development recently save for earnings announcement on November 5. For 3Q2015, revenue surged 63.5% y-y to RM99.3 million while net profit jumped 183% to RM5 million, largely due to higher contribution from the solar division.
Penang-based Tek Seng is primarily involved in manufacturing and trading of polyvinyl chloride (PVC) and polypropylene (PP) non-woven related products. The company also has interest in manufacturing and trading of solar related products such as solar cells and solar panels.
In 2014, the PVC division contributed 79.6% of total sales with the remainder coming from the solar division. Geographically, Tek Seng derived 54.6% of its 2014 sales from export markets.
Moving forward, the company has earmarked RM23.1 million for capital expenditure.
[You must be registered and logged in to see this image.]

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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