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[转帖] 闲谈tguan

Tan KW
Publish date: Sat, 12 Oct 2013, 03:18 PM
Tan KW
0 509,841
Good.

业务简曰:
主要生产塑料袋,包装袋,塑料膜,888cafe
是我国对日本最大垃圾出口业者

市值:1.65亿
股东权益:2.79亿
现金:0.87亿
银行贷款:0.36亿
net cash:0.51亿
dividend:7.4million
net dividend yield:4.4%

最新单季净利:5million
诺把净利全年化,目前pe 为8左右

《净利大不如前,原因何在?》
在季报显示,tguan营业额在上升当中
然而净利出现下滑,主要原因是在中国子公司的净利率下滑(lower margin)
为何lower margin呢?
原因是日元兑人民币贬值,原物料上涨

*经管如此,管理层对公司前景依然保持乐观态度

看点:TG电源包装增加两条食品保鲜膜,管理层更计划扩大生产量。详细计划还未拟定

潜在风险:安倍不断推出日本量化宽松,导致日元兑人民币走弱约30%,tguan的profit Margin受影响

一家现金丰厚,股息率高于定期,长期持有,耐心等待业绩改善,也不乏是种好选择

共勉之

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1 person likes this. Showing 1 of 1 comments

ckleow79

Thank you , Mr Tan on sharing this. I think Tguan may have the potential be take over by other larger plastic company like scientax. I am accumulating this share.
Cash rich always the best, good management. If the dividend payout increase then the share price will sustain and increase too. Good investment for medium term n long term investor.

2013-10-12 17:09

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