-->

Type something and hit enter

On

Stock to review: TekSeng (7200) Current Share price: RM0.93

Financial Position: Good, please refer below:

Cash increased RM15mil, everything seems almost the same since 31 December 2019. No good meh? Very good lor...Lets continue to see their performance in terms of revenue and profit and loss. Net operating cash flow of RM12.8mil. Positive.

 

Review of Performance

If you guys observed, revenue actually decrease but the profit margin increase wor...good? Seems like the Company is going up climb the mountain soon, so please put this is your watchlist if you have not do so. If next quarter continue to be promising then ehem ehem...Quite promising I would say, but need to increase the revenue lar...

So what's the reason performance so good? Let's see

1. Higher revenue and improved sales mix recorded by PVC segment

2. Higher other operating income

3. Lower impairment loss of PPE

4. Lower overhead production costs in Solar segment (seems something is improving)

Prospects

FY2020 remains stable for PVC segment although raw materials prices might fluctuate as in foreign currency. Moving forward the Company will focus on producing PP Non Woven Materials to cater for medical appliances.

Conclusion:

Very good. Short term to Mid term TP: RM1.20. I will only upgrade to RM2 if the next quarters results is amazing.

Disclaimer

The research, information and financial opinions expressed in this article are purely for information and educational purpose only. We do not make any recommendation for the intention of trading purposes nor is it an advice to trade. Although best efforts are made to ensure that all information is accurate and up to date, occasionally errors and misprints may occur which are unintentional. It would help if you did not rely upon the material and information in this article. We will not be liable for any false, inaccurate, incomplete information and losses or damages suffered from your action. It would be best if you did your own research to make your personal investment decisions wisely or consult your investment advisor.

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
Back to Top
Back to Top