Solar Panel maker Tek Seng Bhd, starts the day at 95.5 sen a share today, but it looks like the FIRST Blood, is about to be extracted from Tek Seng.
This stock could soon find its home at the 80 sen level, having laid off 200 workers in September, due to FALLING demand.
Read here an extract from FORBES , on how TEK SENG's big BROTHER is on ROCKY path :
First Solar, the world’s largest manufacturer of thin-film cadmium telluride (CdTe) modules and utility-scale solar solutions provider, reported net income of $1.49 per share for the third quarter, beating analysts’ bottom line expectations.
Sales, however, fell 45.9% to $688 million, and CEO Mark R. Widmar officially slashed sales guidance for 2016 to $2.8-$2.9 billion from $3.8-$4 billion, due to the timing of certain utility-scale solar project sales.
