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Tat Seng Packaging
22-03-2018, 12:22 PM.
Post: #41
RE: Tat Seng Packaging
Tat Seng Packaging fined S$12,000 for discharging toxic used water into sewers

SINGAPORE: Tat Seng Packaging was fined S$12,000 for discharging toxic used water into public sewers, national water agency PUB said on Monday (Mar 19).

Besides Tat Seng, 17 other companies were fined a total of S$100,500 between November last year and February 2018 for illegally discharging into the public sewerage system.

SGX-listed Tat Seng had been caught and penalised for similar offences on four previous occasions between 2012 and 2015, PUB said.

In this latest case, PUB said it detected an abnormality in the quality of incoming used water at the Kranji Water Reclamation Plant on Sep 25, 2016.

Investigations found that Tat Seng had released "black and turbid industrial used water" into the public sewer.

Water quality tests showed that the discharge contained quantities of copper that exceeded the allowable limit by as much as three times, PUB said.

Read more at https://www.channelnewsasia.com/news/sin...d-10055622

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14-04-2018, 03:25 PM.
Post: #42
RE: Tat Seng Packaging
(26-02-2018, 10:38 PM)Terry Wrote: Anyone attending their agm please ask if they have any plans regards to their rising receivable.

Revenue
2017 : $302.963mil
2016 : $228.527mil
% Growth : +32.57

Receivable
2017 : $133.130mil
2016 :  $98.943mil
% Growth : +35.71

Rising receivable looks inline with rising revenue

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14-04-2018, 05:09 PM. (This post was last modified: 14-04-2018, 05:33 PM by opmi.)
Post: #43
RE: Tat Seng Packaging
I will not invest in companies controlled by Allan Yap
Just look at his HK listed companies like Hanny and Rosedale.
Deep value also useless. Keep issuing shares even though
Companies has tons of cash and assets.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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14-04-2018, 05:15 PM.
Post: #44
RE: Tat Seng Packaging
Hi Opmi,

Please elaborate on the reason as such one liner is hard to comprehend. Is it because he has a reputation to run companies which do not treat minority shareholders fairly?

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14-04-2018, 06:49 PM.
Post: #45
RE: Tat Seng Packaging
Tat Seng's latest FY17 AR...
http://infopub.sgx.com/FileOpen/TAT%20SE...eID=495958

Tat Seng is very much run by MD/CEO Loh See Moon, who has a 15% personal interest in the company and is one of the founders. His track record in growing and running the business all these years is there for people to see. It is conceivable that Hanwell (which has a 63.95% interest in Tat Seng) and Loh would eventually sell their combined interests to the highest bidder, when Loh retires or Hanwell finds a party keen to take over its controlling stake. Meanwhile, Tat Seng shareholders can continue the ride of seeing the business under Loh's able management growing further in the vast PRC market and enjoying the good yearly dividends.

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14-04-2018, 07:13 PM.
Post: #46
RE: Tat Seng Packaging
(14-04-2018, 05:09 PM)opmi Wrote: I will not invest in companies controlled by Allan Yap
Just look at his HK listed companies like Hanny and Rosedale.
Deep value also useless. Keep issuing shares even though
Companies has tons of cash and assets.

Quite fully agreed with u.

Being holding hanwell for far too long & see share value being destroyed gradually.  Has huge cash war chest yet give peanut dividends.  Didnt really have a chance to ask him during agm & hope someone can ask this year. Angry

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15-04-2018, 02:41 AM.
Post: #47
RE: Tat Seng Packaging
(14-04-2018, 07:13 PM)hh488 Wrote:
(14-04-2018, 05:09 PM)opmi Wrote: I will not invest in companies controlled by Allan Yap
Just look at his HK listed companies like Hanny and Rosedale.
Deep value also useless. Keep issuing shares even though
Companies has tons of cash and assets.

Quite fully agreed with u.

Being holding hanwell for far too long & see share value being destroyed gradually.  Has huge cash war chest yet give peanut dividends.  Didnt really have a chance to ask him during agm & hope someone can ask this year. Angry

Apple Facebook Berkshire all keep a lot of cash and 0 dividend. 
Tat Seng has recently execute for expansion.

Ur negative sentiment only base on money not into ur pocket.

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15-04-2018, 08:03 PM.
Post: #48
RE: Tat Seng Packaging
(15-04-2018, 02:41 AM)Terry Wrote:
(14-04-2018, 07:13 PM)hh488 Wrote:
(14-04-2018, 05:09 PM)opmi Wrote: I will not invest in companies controlled by Allan Yap
Just look at his HK listed companies like Hanny and Rosedale.
Deep value also useless. Keep issuing shares even though
Companies has tons of cash and assets.

Quite fully agreed with u.

Being holding hanwell for far too long & see share value being destroyed gradually.  Has huge cash war chest yet give peanut dividends.  Didnt really have a chance to ask him during agm & hope someone can ask this year. Angry

Apple Facebook Berkshire all keep a lot of cash and 0 dividend. 
Tat Seng has recently execute for expansion.

Ur negative sentiment only base on money not into ur pocket.

Apple Facebook Berkshire all keep a lot of cash and 0 dividend. 

Apple FB Berkshire are of different kinds to compare Hanwell .  At least those companies share prices keep moving up.  So who would complain if one is holding them even without getting dividends?

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