TONG HERR RESOURCES BHD

KLSE (MYR): TONGHER (5010)

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Last Price

1.80

Today's Change

-0.03 (1.64%)

Day's Change

1.80 - 1.81

Trading Volume

40,000


7 people like this.

668 comment(s). Last comment by NatsukoMishima 3 weeks ago

hng33

20,510 posts

Posted by hng33 > 2018-03-02 11:09 | Report Abuse

sold off balance tongherr at 3.59-3.60, locked all contra loss, free up all balance capital, swap to buyback more annjoo at 3.58

hng33

20,510 posts

Posted by hng33 > 2018-03-02 11:11 | Report Abuse

US impose 25% on steel product and 10% on aluminum product have great impact on tongherr, as it have about quarter of revenue derive from export to US.

Posted by my8vaLuabLes > 2018-03-02 11:30 | Report Abuse

It has dropped to 3.56...is it good to buy

Biker2b

136 posts

Posted by Biker2b > 2018-03-02 14:41 | Report Abuse

Tongher is not affected by this new US tariff as most of Tongher's export to US is through its Thailand subsidiary and US has import duty exemption for
stainless steel hex screws and bolts manufactured and imported from Thailand.

Biker2b

136 posts

Posted by Biker2b > 2018-03-02 14:57 | Report Abuse

For FY17, Tongher declared a total of 36 cents per share dividend (18 cents interim paid and another 18 cents announced on Feb 26, 2018). With current price at RM3.57, this is equivalent to whopping 10% of yield! So down side is limited. Regarding Q4 poor result due to stronger RM, with our ballooning federal debts, do you think the RM strengthening will continue after GE? As long as business fundamental is still growing strong, my take is to accumulate on this temporary weakness.

Posted by magic0703 > 2018-03-02 22:56 | Report Abuse

Hi guys, where do you download the latest report?

Posted by faberlicious > 2018-03-03 17:28 | Report Abuse

Fat dividends on the way. Buy and accumulate on weakness.

jeannie

459 posts

Posted by jeannie > 2018-03-08 09:19 | Report Abuse

mampus la this counter

Biker2b

136 posts

Posted by Biker2b > 2018-03-08 11:07 | Report Abuse

Major shareholders and Directors are taking advantage of Mr/Ms Market's mood swing. Management should also initiate share buyback now and consider distribute share dividend from treasury share in future.

kongming1

74 posts

Posted by kongming1 > 2018-03-08 19:37 | Report Abuse

Company Director is buying the share last few days. And today the company did bought the share from open market as well.

xncziyi44

124 posts

Posted by xncziyi44 > 2018-03-09 02:33 | Report Abuse

daughter buy,mother buy,father buy, company buy from 3.8 to latest 3.2........ 20% slide.who is selling? company buying own shares.why dont invest in future potential business instead.company has lots of spare cash? share prices started moving up 1.2 years ago? from 2rgt? more worry abt share prices than future prospective business,funny thoughts? good luck to all followers.

Biker2b

136 posts

Posted by Biker2b > 2018-03-09 07:41 | Report Abuse

This is called been opportunist while taking advantage of market mood swing to best leverage on company current asset. From management's proven prudence practices, doesn't seems like they are chasing share prices in the expense of business performance. Not all company has the luxury to do this when the opportunity presents itself. Better shareholder ROI then putting them in short term money market or bank deposits. Make business sense.

Tradewinds

119 posts

Posted by Tradewinds > 2018-03-09 11:17 | Report Abuse

Basically good housekeeping. Not a penny stock to be manipulated at their whims and fancies.

Biker2b

136 posts

Posted by Biker2b > 2018-03-27 11:20 | Report Abuse

Transacted volume is obviously lower, should have weed out speculators.

kongming1

74 posts

Posted by kongming1 > 2018-04-07 23:44 | Report Abuse

will touch rm2 soon?? faster sell...

Biker2b

136 posts

Posted by Biker2b > 2018-04-09 11:28 | Report Abuse

at RM2.77 (last Friday's closing), Tongher is giving twice dividend worth about RM0.36 per year (June RM0.18 - announced, Dec RM0.18 - forecast). If one put RM277 in Tongher - after 1 year dividend is RM36 or about 13%, compared to RM277 in FD will return about RM11 (assuming 4% interest p.a). Will Mr/Ms Market willing to trade the share lower ? Maybe, but that will make the dividend yield exceeding >13%. I am not complaining :)

*Though share price will get adjusted after expiry of dividend entitlement date, but it will revert back to intrinsic value over times.

Shawnie

245 posts

Posted by Shawnie > 2018-04-10 11:09 | Report Abuse

Wah company keep on SBB....

Biker2b

136 posts

Posted by Biker2b > 2018-04-10 15:09 | Report Abuse

well.... do you think the board wants to face-off with angry shareholders in upcoming AGM for doing nothing about their undervalue share price? In addition, they better SBB before AGM else will get questions again what's the point of renewing SBB mandate year-in-year-out but not exercising while the cash is idling.

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-17 16:19 | Report Abuse

oh yeah

Stead

170 posts

Posted by Stead > 2018-04-19 11:07 | Report Abuse

The inventories sitting in Tongher book has much higher value now compared to 31 Dec 2017. The Management increased its inventories from 2016's RM228 mil to 2017's RM290 mil. Very smart move. The additional RM60 mil can rake in few percentage more of profit margin.

Posted by jordanmaggie61 > 2018-04-19 12:10 | Report Abuse

than k

Posted by EngineeringProfit > 2018-04-25 18:02 | Report Abuse

: )

Posted by EngineeringProfit > 2018-04-27 08:45 | Report Abuse

Huat Ar

Biker2b

136 posts

Posted by Biker2b > 2018-04-27 20:53 | Report Abuse

Anyone plan to attend the upcoming AGM? What will you want to ask the board in AGM?

3iii

13,188 posts

Posted by 3iii > 2018-04-28 09:55 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=185825&name=EA_DS_ATTACHMENTS

No major issues. The company has done well and is well placed to grow. Its new factory will be running in Q1 2019.

3iii

13,188 posts

Posted by 3iii > 2018-04-28 10:06 | Report Abuse

>>>calvintaneng Posted by onetonneman > Sep 14, 2016 08:07 PM | Report Abuse

Calvintaneng, Dr. Neoh Soon Kean has about 240,000 shares in this steel-product counter. Take a look at the balance sheet of Tong Herr, you'll probably like it. <<<<


Annual Report 2017

11 DYNAQUEST SDN. BERHAD 520,000 0.337

Lyo82

396 posts

Posted by Lyo82 > 2018-04-29 16:59 | Report Abuse

Opportunity will not always knock the door. Those who missed the boat earlier,, it is no use to cry in the room now.

Biker2b

136 posts

Posted by Biker2b > 2018-04-29 17:28 | Report Abuse

Interestingly, forth largest shareholder Neoh Choo Ee and Company with 1.6m shares or 1.035% registered same business address as Dynaquest.

https://www.infobel.com/en/malaysia/neoh_choo_ee_company_sdn_bhd/taman_pulau_pinang/MY100165490-042611535/businessdetails.aspx

calvintaneng

56,632 posts

Posted by calvintaneng > 2018-04-29 18:08 |

Post removed.Why?

Biker2b

136 posts

Posted by Biker2b > 2018-04-29 18:17 | Report Abuse

@calvintaneng, that's incorrect. Based on recent trend, Tongher pays dividends twice a year. For FY ending 31 Dec 2017, total dividend declared was RM0.36 instead of RM0.18

calvintaneng

56,632 posts

Posted by calvintaneng > 2018-04-29 18:20 | Report Abuse

Biker,

Is it?

I beg your pardon

But take a look carefully then SEE

23-Apr-2018 31-May-2018 DIVIDEND Final Dividend RM 0.18 Dividend Detail
27-Nov-2017 08-Dec-2017 DIVIDEND Interim Dividend RM 0.18 Dividend Detail
27-Mar-2017 01-Jun-2017 DIVIDEND Final Dividend RM 0.2 Dividend Detail
28-Nov-2016 08-Dec-2016 DIVIDEND Interim Dividend RM 0.1 Dividend Detail
29-Apr-2016 10-Jun-2016 DIVIDEND Final Dividend RM 0.1000 Dividend Detail
30-Apr-2015 12-Jun-2015 DIVIDEND Final Dividend RM 0.0600 Dividend Detail
02-Sep-2014 11-Sep-2014 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
30-Apr-2014 12-Jun-2014 DIVIDEND Final Dividend RM 0.05 Dividend Detail
29-Apr-2013 12-Jun-2013 DIVIDEND Final Dividend RM 0.04 Dividend Detail
07-May-2012 12-Jun-2012 DIVIDEND Final Dividend RM 0.22 Dividend Detail
29-Apr-2011 08-Jun-2011 DIVIDEND Final Dividend RM 0.08 Dividend Detail
30-Apr-2010 09-Jun-2010 DIVIDEND Final Dividend RM 0.05 Dividend Detail
22-Apr-2009 28-May-2009 DIVIDEND Final Dividend RM 0.05 Dividend Detail
06-May-2008 09-Jun-2008 DIVIDEND Final Dividend RM 0.08 Dividend Detail
06-May-2008 09-Jun-2008 DIVIDEND Special Dividend RM 0.08 Dividend Detail

Biker2b

136 posts

Posted by Biker2b > 2018-04-29 19:02 | Report Abuse

Read the details my friend. There's reason why it is termed "interim" and "final" dividend. Dont get confused with it's expiry date.

calvintaneng

56,632 posts

Posted by calvintaneng > 2018-04-29 19:21 | Report Abuse

ya i did.

Let's see if Tongherr can still give another good final dividend later.

Tongherr is an average dividend play. Its strong points rest in high nickel price and sale of high value fasteners.

Posted by EngineeringProfit > 2018-04-30 21:20 | Report Abuse

: )

Biker2b

136 posts

Posted by Biker2b > 2018-05-02 20:34 | Report Abuse

Nice read about dividend play highlighting attractiveness of Tongher DY.

http://www.theedgemarkets.com/article/dividend-yields-trending-higher

cheoky

2,823 posts

Posted by cheoky > 2018-05-25 12:36 | Report Abuse

good stock in difficult enviroment. dont know why ppl keep insisting on chinwell

Biker2b

136 posts

Posted by Biker2b > 2018-05-28 12:36 | Report Abuse

Did you notice, Tongher just reported highest quarterly revenue in their listing history ? Revenue breaks through RM200Mil in Q1FY18. Impressive!

In addition, the board also expressed optimism that the new factory is on time to start operation in Q1FY19, which upon in full production can expand up to 30% of current capacity.

Biker2b

136 posts

Posted by Biker2b > 2018-05-31 11:20 | Report Abuse

RHB Research recommend "buy" with TP RM4.34, DY10%, 22% upside from ex-price.

https://www.thestar.com.my/business/business-news/2018/05/29/analyst-reports/

Aisha

85 posts

Posted by Aisha > 2018-06-06 16:20 | Report Abuse

Tongher is a good shares with good profit but price doesn't go up much

Posted by littleangel8 > 2018-06-09 18:19 | Report Abuse

wish it goes down, so that I can collect more hahaha

Posted by Vincent_8316 > 2018-08-09 10:23 | Report Abuse

going to rise soon,good dividend payout coming future...

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-09 11:15 | Report Abuse

up up up

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-09 11:38 | Report Abuse

worth to buy

Aisha

85 posts

Posted by Aisha > 2018-08-09 14:03 | Report Abuse

Buy buy buy

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-10 10:53 | Report Abuse

best timing to buy

Aisha

85 posts

Posted by Aisha > 2018-08-24 15:35 | Report Abuse

When tongher June report out?

Davidl

1,816 posts

Posted by Davidl > 2018-08-28 09:38 | Report Abuse

Qtr result fantastic! Time to accumulate!

Posted by Vincent_8316 > 2018-08-28 14:59 | Report Abuse

next TP RM4.10

Davidl

1,816 posts

Posted by Davidl > 2018-08-28 21:31 | Report Abuse

Uptrend towards 5.00!

godhand

1,952 posts

Posted by godhand > 2018-08-29 09:03 | Report Abuse

dropped to 3 that time wanted to buy. now so pricey. simple business model great business

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