This is what I consider Tguan, Huayang and Scientex, Scientex is like a combination of Tguan and Huayang. Besides the combined cost is 10% lower than that of Scientex the forward combined EPS will be higher than that of Scientex, moreover, Tguan share price has been sideline for almost two years I think it's time to revalue since Scientex and Hauyang has already moved up.
@ tony, no it's not a metrics. Scientex has two segments ie property and plastic , buying one Scientex is like buying one Tguan (1.33) and one Huayang (1.67) the total cost is only 2.99, but the forward EPS 2013 for Tguan is about 25 sen and for Hauyang is about 33 sen .You see the total is 58 sen, I don't think Scientex can come out with this figure even with the contribution from the newly purchased GWplastic, further more the total dividend from Tguan and Huayang can be higher than that of Scientex . In this way we pay less and the gain can be higher. As for the growth of the three they are more or less the same. What say you ?
Sorry ! wrong info, last week close for Tguan is 1.37 and Hauyang is 1.67 the total cost is 3.04 and not 2.99 which is the figure at the back of my mind as I aways feel that Tguan can easily be purchased at 1.33 and Huayang at 1.66 .
Pradeep I've been keeping tguan for more than two years, no regret for keeping it, I'm sure you have some. I think they are going to announce 7 cents div. soon that's why the price is being adjusted for the dividend . Cheer to us , looks like only two of us are interested in tguan.
Note that 1.64 is ex-dividend, the forward EPS is around 24 sen ( flat compared with 2012 ) and the PE should be about 6.8 ,it's a slow moving stock but stable.
Thks for all your advices..since today market is good..will see how far it goes, maybe I'll sell half and keep some...lots of share I still keep and never get the profit and sometimes it comes down...back to square one..like Pharma aikssssssss
overbought, RSI is not accurate, it is a graph formation instead of the stock value. Like this stock, profit up extremely high..so the price sure will be up, RSI also will be "overbought".
Thong Guan Industries (TGI MK) Technical BUY on weakness with +18.1% potential return Last price : RM2.00 (RM1.86-RM2.00) Resistance : RM2.28 Support : RM1.85 Stop-loss: RM1.82 BUY on weakness with a target price of RM2.28 with a stop-loss placed below RM1.82. TGI’s share price has had a very strong breakout upon the gap-up on 27 Nov 13 as the share price has continued to climb higher before meeting the immediate resistance level at RM2.09. We note that a “spinning top” on top of the divergence between price and volume suggests a dwindling buying interest, because almost 0.1m shares were recorded yesterday (vs 20-day average of 0.3m). This comes on top of the downtick in the RSI line which could have potentially driven down the share price. However, we remain positive over the medium term as the trendline remained intact; thus current weakness may be used by investors to accumulate at cheaper prices and subsequently lowering the risk. We expect the share price to resume its prior uptrend towards our projected target of RM2.28 once the selling pressure has normalised.
main reasons for high profit in last Q - more sales. better margin (higher selling price) and USD appreciation. Seems this will continue in Q4. FY2013 should have record revenue n profit. At PE ard 7-8, Book value 2.48, net cash per share ~ 40 sen. Should hv more upside if Q4 results is good
strong fundamental but not liquid, most likely not within radar of fund managers. If someone want to play this co, need time to accumulate to get sizeable load...i hope this is the case now,...pray hard for superb Q4 results, may see good following then.
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Posted by pradeep > 2013-01-13 13:38 | Report Abuse
today touch 1.37, very fundamental and a good stock to invest