Posted by Icon8888 > 2016-02-13 14:01 | Report Abuse

Mr Yi, the December 2014 bad debt was due to collapse of oil price. This explanation didn't come from me, it came from Thong Guan.

Thong Guan 's plastic packaging products are priced based on oil price (higher oil price higher selling price, and vice versa). My guess is that a customer placed order based on RM100 oil price, but when oil price crashed to RM60, it probably decided to default (and sourced from another supplier ?)

Posted by Icon8888 > 2016-02-13 14:04 | Report Abuse

Unfortunately I can't remember in which document they provided the explanation

Posted by Icon8888 > 2016-02-13 14:09 | Report Abuse

As for bad debts in Setpetmber 2015, I guesss it is a result of business expansion

They previously sold their garbage bags , etc to regular customers. But since the capex programme, their product range increased, and number of customers also increased (for example : Australia dn South Africa, if I remember correctly)

Due to clinching of new customers, inevitably there is some bad debts

Just my guess , based on bits and pieces of information gathered from public documents. Cannot guarantee correct

Posted by YiStock > 2016-02-13 14:09 | Report Abuse

Icon8888, your guide on this is very much appreciated. Kindly provide the doc if you manage to find. This is a thorn i long wanted to pull out from my finger. thank you

Posted by weewee22 > 2016-02-13 14:11 | Report Abuse

In such a market and volatile USD, I think investors could shun export related counters. Nevertheless, TG could be a good bet, subject to valuations. Alot of the large cap stocks are turning cheap with the recent decline of the market

Posted by Desa20201956 > 2016-02-13 14:14 | Report Abuse

TGuan......on 1 .1 .2016 everybody's stock pick for the year. I remember opening the papers and read half of research houses put T Guan as their stock pick for 2016. ...so much so convinced me to put Tguan in my model portfolio for 2016, .....but it became the worse of the 5 stocks in the model portfolio...........hahaha.

I have no bot a single lot with real money...maybe I will buy a little.

Posted by Desa20201956 > 2016-02-13 14:49 | Report Abuse

come to think of it...since I already got Scientex, TGuan does not fit into my portfolio.

Posted by Starplus > 2016-02-13 21:44 | Report Abuse

I bought it at 1.91

Posted by shareinvestor88 > 2016-02-13 22:25 | Report Abuse

Who is coldeye and bursa dummy ?

Posted by shareinvestor88 > 2016-02-13 22:26 | Report Abuse

And how to take courses from kcchong and otb ? Who are these people ?

Posted by jay_j > 2016-02-13 23:16 | Report Abuse

cold eye = 冷眼先生 = fong siling.