2/2016 - Tek Seng Holding Berhad

My sister introduced Tek Seng Holding Berhad (7200) to me sometime around September last year. It's stock price was around RM0.50 at that period. However, being "uneducated", I wasn't convinced and hence I didn't take any action that time. I was being lazy to take some extra time to look into this stock. As it's price kept climbing to around RM0.60, it caught my attention again and this new high "pushed" me to study its business background.

One of Tek Seng main businesses is to manufacture solar power panel (Tek Seng's original business is manufacturing PVC products but ever since it added solar panel to its business, the public knew it for its secondary business). To add cream on top of a cake, it has good collaboration with one of the renewable energy giant in Taiwan and it is doing good. The Taiwanese company is doing so well that the light shines on Tek Seng, too. So, having both good cooperate news and good financial record, Tek Seng has given confidence to its investors and the public are pushing its stock price higher as time goes.

When the stock price hit RM0.68, I was tempted to buy in but still I did nothing. I wasn't really convinced that time because I had self-doubt. At that period of time, I need to have an assurance from my sister before any trading but Tek Seng wasn't in her radar that time. So, I gave up.

After giving up on that thought, Tek Seng continued to climb to RM0.80++. I regretted of my earlier decision. But still, I bought some because I do have confidence in this company and its business nature.

Now, entering 2016, Tek Seng stock price has reached a new high and the public speculate it will keep climbing. I am not sure what is my target price yet as I am gathering information to come up with a formula that help me to set my target price. Below is the price/timeline of my experience on Tek Seng.

Chart from ChartNexus

To review my decision made in 2015 on Tek Seng, there are some points I would like to summarize:

1. I must do my homework whenever I need to make a decision.
2. After making a decision, be bold to execute it. Do not self-doubt.
3. Do not linger to bad old memory. True, it is sad to miss a good opportunity. In my case, it is a 173.53% opportunity. But I should not let it drags me down. I need to keep looking forward and find a new 173.53% opportunity.