OK! I have to say, this year dividend should be 12-15sen. Refer back to the dividend chart, this company is good as when they earn more, they are willing to share with the shareholder, short term TP 4.5, 3months
Thong guan is worth RM5, why? cause they made RM39m + forex loss rm12M FROM translation losses on borrowings - actually made RM51m x PE 12x , this has not include new nanotech lines and new noodle lines
THONG GUAN INDUSTRIES BHD TGUAN (7034) 2.980 +0.010 (+0.34 %) High: 3.000 Low: 2.950 Vol: 288,400 Average Vol: 3,212
Industry: Industrial Products Company website TGP is one of Asia Pacific's largest plastic packaging companies with over 30 years of experience and distinguished track record. The company is the largest producer of cast pallet stretch film in this region with annual combined production output in excess of 100,000 metric tons. Its core manufacturing operations are situated in northern Malaysia,Kedah that covers an area of over 20 acres, with established manufacturing operations in Suzhou, China and a joint venture in Bangkok, Thailand. As the pioneer in plastic packaging in Malaysia, TGP is regionally known for its uncompromising quality in the manufacturing of plastic films and bags. The company is recognized for their reputation built on confidence and trust - high ethical standards, its genuine respect for the community and a commitment to meet our corporate social responsibilities. It was listed on the Main Board of the Kuala Lumpur Stock Exchange and are growing at an average of 10% per year with an annual turnover of over USD 163 million.
Positives already factor in the current price.. Nxt 3 month's will trade between 2.90-3.10. Not much upside me thinks unless sindiket come in and push like they did nov-dec last year.
Dear Icon, congrat & I would like to also thank you because I am following your previous articles and have benefited from the same. meanwhile, I am wondering those who have put so much of negative feedback before the Q came out have to say now.. Prehaps they want to say that "icon is the shark who push up the Q result and the management of Tguan just following what icon told them to do?" lolzzz
funny how CIMB only forecast 4% growth in net profit in 2016. even after he mention new 33-layer film capability and 50k tonne new capacity. obviously tguan is going to exceed his expectations and he is going to need to change earnings.
New nano layer stretch film starts running The company started running the 33-layer nano layer stretch films in early-2016. We estimate that at full capacity, this plant could generate around RM150m-180m revenue, depending on raw material prices. Profit margin from this nano-layer film is much higher, above 10% compared to 5-6% for traditional stretch films. As management needs to focus more on marketing and promotion of this new product, it could take 2-3 years to reach full-production capacity.
haha, zzas you think koon hold 100% of tguan shares? dont be such funny man, look at flbhd, liihen, every stock will experience correction after increase. I think the correction for tguan should be fine, wont lower than 3.2
"..wont lower than 3.20 "?. now its 3.18. the price drop may caused by unker kon kon selling off substantial amount of tguan. he may be forced to sell because his other counter drop like hell n maybe got forced sell caused as all know he use margin finance. adviseable to stay away for time being..
Thong Guan could be the trade for this year. Earnings could be explosive, backed by continuous expansion and potential bonanza from COFCO. Management's active engagement with investors and public is positive. I'll buy anything btw RM3.10 to current price. Current price weakness is just purely technical. Let the panic sellers sell. Good for all of us.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Wu Wei Tee
8 posts
Posted by Wu Wei Tee > 2016-02-25 21:31 | Report Abuse
OK! I have to say, this year dividend should be 12-15sen. Refer back to the dividend chart, this company is good as when they earn more, they are willing to share with the shareholder, short term TP 4.5, 3months