Posted by Goh Chu Hua > 2014-01-21 10:23 | Report Abuse

stock sifu had recommended this stock

http://www.stocks-unleashed.com/

Posted by Goh Chu Hua > 2014-01-21 15:53 | Report Abuse

lai liao

Posted by Ginny > 2014-01-21 23:51 | Report Abuse

great news..;)

Posted by Iching88 > 2014-01-23 08:14 | Report Abuse

Yes sell more so tht I can buy more

Posted by xcu843 > 2014-01-23 21:33 | Report Abuse

Why today drop a lot? Is it going to downside?

Posted by speakup > 2014-01-23 23:10 | Report Abuse

buy more and become major shareholder :)

Posted by lepeng85 > 2014-01-24 09:01 | Report Abuse

Will it going up again ?

Posted by Goh Chu Hua > 2014-01-24 10:55 | Report Abuse

keep 1 year la

Posted by brendonyeap > 2014-01-24 11:41 | Report Abuse

TGUAN sudah mari

Posted by pradeep > 2014-01-25 00:23 | Report Abuse

This stock is undervalue and will definitely go up but the investor must be patient and must have holding power

Posted by brendonyeap > 2014-01-25 13:11 | Report Abuse

Buying opportunities after CNY, abundant!

Posted by pradeep > 2014-02-04 22:18 | Report Abuse

picking up wait for the quarter result

Posted by xcu843 > 2014-02-04 22:26 | Report Abuse

Good counter

Posted by brendonyeap > 2014-02-06 09:48 | Report Abuse

Fly fly fly!!!!

Posted by pradeep > 2014-02-06 14:35 | Report Abuse

It is moving up anybody knows the target

Posted by pradeep > 2014-02-06 15:31 | Report Abuse

Beautiful 2.50 new high !

Posted by Multibagger > 2014-02-06 22:45 | Report Abuse

Well, time to reward patient shareholders with steep discount in ICULS n warrants. Very attractive rights proposal. Hold on tight,this proposal together with expected good results announcement..I hope it will break 3.00 soon.

Posted by chengcheekaan > 2014-02-06 23:28 | Report Abuse

Mind to share what this ICULS means? How will it impact the price of TGUAN?

Posted by TanSriDato > 2014-02-06 23:36 | Report Abuse

Thong Guan Industries Bhd is undertaking a renounceable rights issue of up to RM52.60mil and plans to issue up to 26.30 million free new warrants.
It said on Thursday the rights issue would be up to 52.60mil nominal value of five-year 5% irredeemable convertible unsecured loan stock (ICULS) at 100% of its nominal value of RM1 each.

Posted by Multibagger > 2014-02-07 06:28 | Report Abuse

Assume you have 4 shares of TGuan, you can get 2 ICULS for $1.00 each and 1 Free warrant.

ICULS - you get 5% pa interest paid twice a year. Van only convert to mother share after 1 year on 1 : 1 basis.

Warrant - can subscribe to mother share at exercise price $1.50 per share

With such sweetener, mother share should jump! After the rights issue, may come down a bit as there will be dilution to earnings when there is conversion of ICULS or warrant. However, if earnings pick up and counter the dilution effect, share price may continue to climb. This could be the case as the money is partly used for expansion/upgrade of machinery. My 2 cents.

Posted by kk123 > 2014-02-07 07:02 | Report Abuse

When the shareholder needs to come up with more money , it is not rewarding
Its like a cash call or somehow the money will go to the major shareholder who dictate what to do with the money
I think those who don't want to pay for it will sell and cause price drop

Posted by Multibagger > 2014-02-07 07:09 | Report Abuse

Though that could be one possibility but I think it is a less likely scenario. One can always sell OR later without having to sell mother if don't want to come out with money.

Posted by xcu843 > 2014-02-07 07:10 | Report Abuse

How much we need to pay for 1 ICULS?

Posted by lepeng85 > 2014-02-07 09:18 | Report Abuse

good new but down?

Posted by xcu843 > 2014-02-07 09:25 | Report Abuse

Then it bad news lol

Posted by lech001 > 2014-02-07 10:30 | Report Abuse

what price to be buy ?

Posted by aunloke > 2014-02-07 10:44 | Report Abuse

Sold my Tguan after holding more than 2 years , it's more than double bagger inclusive of dividend .

Posted by kkteng70 > 2014-02-07 11:04 | Report Abuse

look like a bad sign,,,

Posted by xcu843 > 2014-02-07 11:20 | Report Abuse

Last two days they push up the price to determine ICULS price. So you will see it will go down today and next week.

Posted by tonylim > 2014-02-07 11:34 | Report Abuse

multibagger, any idea why they doing cash calls. I read some where company profitable since 2003 with good yearly eps

Posted by tonylim > 2014-02-07 11:35 | Report Abuse

aunloke, another one up into your coffers

Posted by aunloke > 2014-02-07 11:39 | Report Abuse

Hi tony gong xi gong xi any thing good in your coffer ? care to share.

Posted by tonylim > 2014-02-07 11:41 | Report Abuse

Aunloke.. lol was about to ask you.

Posted by aunloke > 2014-02-07 11:46 | Report Abuse

Frankly this year will be hard to make money I'll be satisfied even with 10% gain.

Posted by Multibagger > 2014-02-07 12:07 | Report Abuse

tonylim, my guess-
company has choice to do bonus issue( even 1 for 1 bonus) to increase capital and borrow more from bank, but then borrowing cost will be high and EPS dilution is immediate

instead, they do ICULS where share capital will be increased much later and at 5% rate, it shud be much lower than bank borrowings. (note say can save abt 220k interest pa) and earnings dilution will be much later and hopefully earnings can pick up due to expansion.

From the proposed utlisation of cash raised,abt 1/3 for repaying loan, 1/3 for asset purchase. i don't see why this is a bad news, only those who do not wish to come out with money or dont think company will continue to grow will cash out now. Again, like I said earlier, one can always sell the OR later n hold mother to continue to enjoy dividend.

Again, personal view ya.

Posted by Multibagger > 2014-02-07 12:11 | Report Abuse

tonylim, just FYI that is the same view I hold when MKH was doing its rights issue back in 2012. I still hold the warrants, no regret.

Posted by tonylim > 2014-02-07 12:19 | Report Abuse

Multi some how wise man think alike.
I meant to reply you to say mkh did a one for 10 BI. It was a damn good deal for growth stocks.
Likewise mr tguan cld hv packaged it wt a small BI.
5% coupon rate good also. Good for my mama

Posted by Multibagger > 2014-02-07 12:23 | Report Abuse

ya..tat was in May 2012. In Nov 2012, it did rights issue. Tguan shud hv packaged some BI like u said..

Posted by pradeep > 2014-02-08 12:55 | Report Abuse

What will be the value of this stock after the exercise

Posted by Multibagger > 2014-02-08 16:48 | Report Abuse

Pradeep, like to share my limited knowledge on this scenario:-

This case is not so straight forward as ICULS not convertible immediately and there is warrant.
Instead of putting an target price for ICULS & warrant, I assume all converted (ICULS & warrant) on day 1, it shud be 1.82.

Based on diluted basis on expected earning of 2013, PE will be ard 10 times. If earnings can be sustained(Q3 results), then forward PE ~8 times.

Again, its about the confidence you place with this company's mgt. My own judgement, past 10 years with dividend track record, done bonus issue before, first time doing cash call from shareholders in the last 15 years. I guess it is a quite "safe" to bet your money with them. i hope I am right cos i really bet on them..haha

Posted by Jefftbk > 2014-02-09 10:41 | Report Abuse

Yesterday sell down was due to the fact that the liquidity of the iculs and warrant will be limited. Hence not good for the short term traders. But I agreed with Multibagger that so long TDI biz can grow further after the factory expansion, the shareholder should be benefited from long term perspective. The question here is why not right issue and why iculs.

Posted by cefiro22 > 2014-02-09 20:36 | Report Abuse

As I have limited funds to turn around, I have decided to sell off half this stock (with good profit) to to plough into Keck Seng, now that it has rebounded strongly, expecting a bumper year end result to be announced in March 2014. The price for TGuan now is discounted and the price is likely to remain in this narrow range.

Posted by brendonyeap > 2014-02-10 15:33 | Report Abuse

Is the ICULS that will be issued by TGuan, be able to be converted to mother share? Is it the same as Barakah LA? kindly enlighten me about ICULS, i hv no experience in it, TQ

Posted by pradeep > 2014-02-10 16:09 | Report Abuse

Thanks multibagger, let Tguan consolidate first then only buy

Posted by Jefftbk > 2014-02-10 19:46 | Report Abuse

Brendonyeap : ICULS is irredeemable meaning the company cannot redeem the loan stock. Unlike RCULS issued by Barakah, the company has the right to redeem with 20 cents. So theoretically it is safer than RCULS. Both can also convert to mother share after a certain period normally upon the anniversary date. As of now the company have not given the detail of the ICULS such as the subscription price and whether there is any exercise fee imposed.

Posted by brendonyeap > 2014-02-10 20:00 | Report Abuse

TQ Jefftbk for ur enlightenment. If it holds true, then i do not see anhy negative impact of the implementation of ICULS by TGuan.


By the way, u meant that Barakah company has the rights to reddem with 20sen, meaning the company will buy back the Barakah LA at just 20sen while the price at market now is rm1.50++ ?That is a huge discount from current price. Do u mind to elaborate further on this? im new to ICULS/ RCULS aspect :)

Posted by Jefftbk > 2014-02-10 21:51 | Report Abuse

Bredonyeap: It is still too early to judge whether TGUAN had made the right move by issuing ICULS. The news actually disappointed the investor as investor is expecting cash call come with bonus issue.
As for the Barakah. I think you can refer the Barakah L forum. More detail is there. In summary the company has the right to redeem but according to HLIB analysts, it is unlikely since the company need cash for this operation and furthermore the directors themselves are owning the RCULS.

Posted by brendonyeap > 2014-02-10 22:07 | Report Abuse

Tq Jefftbk, but could u explain to me, what differences btw ICULS and RCULS?

Posted by Johnson Lee > 2014-02-10 23:22 | Report Abuse

so what would be the diluted price after the right issue..?

Posted by brendonyeap > 2014-02-10 23:30 | Report Abuse

is ICULS/RCULS same as rights issue?