Posted by PuaQW91 > 2022-12-02 16:17 | Report Abuse

Price fall due to internal HR restructuring...?

Posted by flyhub888 > 2022-12-04 09:07 | Report Abuse

i hav no idea why the price is drop

Posted by Pinky > 2022-12-04 19:31 | Report Abuse

Kenanga TPs have always been crazily overoptimistic on this stock.

Posted by Phoebe > 2022-12-05 09:51 | Report Abuse

The only reason i can think off is the strengthening of RM against USD might have impact on the forex gain/loss and also it might affect their upcoming revenue since they are mainly export driven and the conversion USD to RM might reduce.

Posted by PuaQW91 > 2022-12-05 14:08 | Report Abuse

Yup. That could be one of the reason

Posted by Phoebe > 2022-12-05 15:40 | Report Abuse

Let's see this 19th Dec on the vote of confidence. If AI get 2/3 vote of confidence, then RM might strengthen further. It is good for import driven business but bad for export driven business. Furthermore, most online sales such as Amazon, alibaba and taobao has reported lesser sales and it is predicted next year will be worst before it get better. I guess this is also another factor. If gomen pass the online sales tax, i believed it will dampen further this counter. Just my 2c thought but preparing myself for the uncoming headwind

Posted by PuaQW91 > 2022-12-06 14:40 | Report Abuse

Looks like can seek for cheaper price to enter. Hehe

Posted by Phoebe > 2022-12-08 09:45 | Report Abuse

read recent IB coverage on BPPLas and indeed there is a strong headwinds. I guess the entire stretch film industry will face the similar problem just like what happen to gloves. Being more cautious now.

https://klse1.i3investor.com/blogs/kenangaresearch/2022-12-08-story-h-303919558-BP_Plastics_Holding_Feeling_the_Pinch_From_Global_Slowdown.jsp

Posted by PuaQW91 > 2022-12-08 13:21 | Report Abuse

Agreed. Right now need to worry about subdued demand for packaging materials in the event of a sharp slowdown in the global economy

Posted by Bullbursa > 2022-12-08 22:02 | Report Abuse

Kenanga research maintain TP3.99 for Tguan. Lower the TP for Bpplas. Tguan qr improved QoQ even not in favorable market. Without the economy recession concern, it would hv been traded above RM3 easily

Posted by flyhub888 > 2022-12-08 23:02 | Report Abuse

should worth rm3 at least but it nvr went that high.. hmm

Posted by PuaQW91 > 2022-12-09 16:16 | Report Abuse

because the buying sentiment isn't there yet, it's difficult to move up to RM3 for the time being...

Posted by Bullbursa > 2022-12-11 23:50 | Report Abuse

Cgs-cimb TP RM4.54

Posted by PuaQW91 > 2022-12-13 17:30 | Report Abuse

Another IB has optimistic view on Tguan besides kenanga

Posted by PuaQW91 > 2022-12-15 18:21 | Report Abuse

I think can kutip a bit bit at this moment. Hehe

Posted by flyhub888 > 2022-12-15 20:18 | Report Abuse

yes i thnk quite stable their share price now

Posted by PuaQW91 > 2022-12-16 16:58 | Report Abuse

12.12 sales, Christmas sales and New Year sales will boost up its revenue

Posted by PuaQW91 > 2022-12-19 18:44 | Report Abuse

No much volume today. But good thing is Tguan still floating above rm2.30

Posted by Phoebe > 2022-12-20 08:28 | Report Abuse

Wondering how will the new electricity ICPT tariff affect Tguan starting 1st Jan. Not much clarity except those medium voltage and High voltage consumer will need to pay 20c instead of 3.7c for the ICPT. That is a huge increase in terms of the ICPT rate and Tguan is not in the list of exemption (agriculture, SME, food manufacturer and LV non-domestic)

Posted by PuaQW91 > 2022-12-20 16:57 | Report Abuse

This new electricity tariff is tax deductible ba

Posted by Phoebe > 2022-12-21 11:20 | Report Abuse

Huh? They introduce a new tax deduction just for this electricity tariff?
As for as i know It increase your operating cost and hence lead to reduce in profit margin. The increase is significant which is a out 30% of overall electricity cost.

Posted by PuaQW91 > 2022-12-22 16:16 | Report Abuse

Next year will start implementing. Need to ask their management how to mitigate that cost in order to maintain their profit margin

Posted by PuaQW91 > 2022-12-23 15:59 | Report Abuse

May be Tguan will increase their packaging price next year..

Posted by Phoebe > 2022-12-27 14:23 | Report Abuse

The AGM will be in May/June next year. The 4Q report should give you some info on the impact of the ICPT.

Posted by PuaQW91 > 2022-12-27 18:58 | Report Abuse

yupe. Wait for Feb 2023 then

Posted by PuaQW91 > 2023-01-05 16:47 | Report Abuse

I guess buying spree will slow down after CNY,,,

Posted by Phoebe > 2023-01-06 13:57 | Report Abuse

The strengthening of RM against USD and the increase of ICPT does not goes well with export oriented company. RM up against the greenback should giving more buying power to power producer and hence lower the operating cost but it would't be pass down to consumer as the ICPT will be reviewed only in Jul'23. Revenue also might drop due to exchange rate.

Posted by PuaQW91 > 2023-01-06 16:30 | Report Abuse

Lol. Instead, the stock price rises as a result of Tguan's bleak outlook. 

Posted by Phoebe > 2023-01-09 09:40 | Report Abuse

It rises because it seems like TGUAN is one of the beneficiaries of the re-opening of China's economy.

Posted by Pinky > 2023-01-09 09:44 | Report Abuse

TGUAN has been a value trap for some time

Dividend too stingy. If dividend is more generous I would hold

Posted by PuaQW91 > 2023-01-09 14:50 | Report Abuse

@Pinky. Should raise up this issue during their AGM. hehe

Posted by Phoebe > 2023-01-10 09:24 | Report Abuse

The div question was asked in the AGM and if not mistaken management ans that the need the money for the expansion. They said it is better for all shareholder by growing the company and create more value of the company .

Posted by PuaQW91 > 2023-01-11 16:27 | Report Abuse

General answers from most of the companies, especially Tech companies

Posted by PuaQW91 > 2023-01-16 15:37 | Report Abuse

Can see the buying spree during CNY period. That could explain Tguan is moving up recently

Posted by PuaQW91 > 2023-01-18 15:38 | Report Abuse

Kenanga is raising Tguan's TP. Looks like good Q4 results can be expected from them

Posted by Pinky > 2023-01-18 17:01 | Report Abuse

Reduced TP la

Posted by Pinky > 2023-01-18 17:02 | Report Abuse

3.99 to 3.28

Reduced growth rate assumption too

Posted by PuaQW91 > 2023-01-19 16:14 | Report Abuse

For this year's TP I meant. But yes, growth rate is reduced due to the gloomy 2023 economy

Posted by PuaQW91 > 2023-01-20 15:08 | Report Abuse

Shoot! Share price retraces due to ESOS...Thought can break RM2.45

Posted by PuaQW91 > 2023-01-26 18:39 | Report Abuse

Back to the price movement to break Rm2.45. hehe

Posted by Rambutan9 > 2023-01-27 16:26 | Report Abuse

Auditor n consultant used to talk very highly of this counter, when he left,I follow suit.That was quite a long while ago.I am surprised to see quite a few familiar players still here.Friends, don't not overstay,move on to greener pastures.

Posted by Pinky > 2023-01-27 16:47 | Report Abuse

Yea, this counter has been smelling like a value trap for some time already. Finally, even the analyst damn bullish on this counter, KENANGA also reduced its TP.

Posted by flyhub888 > 2023-01-28 08:58 | Report Abuse

looks like its time to move on..

Posted by Phoebe > 2023-01-28 14:10 | Report Abuse

Tguan is a long-term investment, however, I will wait for Q1'23 results that should release by end of may to see how much it is impacted due to:

1. The raise in electricity ICPT from 3.7c to 20c.
2. The strengthening of RM to USD that has strengthen about 10%.
3. The increase of labor wages and also reduction of work time from 48 hours to 45 hours per week starting 1st Jan'23. This will increase the overhead with the same working hours.
4. Increase of commercial water tariff (about 28%) and IWK charges as well.

The above will put pressure on its revenue and profit margin and furthermore don't forget about potential forex loss.

Posted by Darren Woo > 2023-01-28 15:30 | Report Abuse

^ Thanks for sharing, good info

Posted by PuaQW91 > 2023-01-30 16:06 | Report Abuse

Great sharing, Phoebe. Those are the risks that most of the industries are facing currently.

Posted by Phoebe > 2023-01-30 16:09 | Report Abuse

@Pua....Yeap, that why i will see if there will be any weakness and accumulate more.
For me Tguan is a longer term investment which is 5 to 7 yrs and hence i can wait to buy on weakness.

Posted by PuaQW91 > 2023-02-02 16:19 | Report Abuse

@Phoebe. Nice investment choice. Seems like your holding power is very strong as well

Posted by PuaQW91 > 2023-02-03 16:57 | Report Abuse

By the way what's your good entry price for accumulating on Tguan, Phoebe?

Posted by Phoebe > 2023-02-08 09:54 | Report Abuse

@Pua, My holding for Tguan is for 5 yrs which is according their expansion roadmap. I'm not sure what is a good entry point but I have bought some when it was RM 1.80-2.00. Beginning last year I park my order at RM2.20 for long term (resubmit every 30 days) and on number of occasion i managed to get at that price. I still park at RM2.20 now.....