Posted by resilient911 > 2016-08-16 12:49 | Report Abuse

double digit growth for coming quarter…

Posted by michaelwong > 2016-08-16 14:21 | Report Abuse

Waiting anxiously for it to reach RM 5 , at least can have a nice wonderful dinner with abalone . ....haha !

Posted by resilient911 > 2016-08-16 23:05 | Report Abuse

lol

Posted by excelyou > 2016-08-18 08:50 | Report Abuse

Thong Guan Industries (TGI MK, BUY, TP: MYR5.27)
Set To Impress Again

We recently caught up with management and believe FY17F bears exciting prospects for Thong Guan (TG). Earnings drivers include further expansion at its stretch film and polyvinyl chloride (PVC) divisions, underpinned by robust demand for its products. We expect TG to post a solid 3-year earnings CAGR of 22%. We upgrade to BUY with a TP of MYR5.27 based on FY17F target P/E of 13x (from 10x).

TG looks set to post another stellar quarter and we believe the market will continue to re-rate the stock given its strong profits delivery.

Posted by joe2703 > 2016-08-18 15:26 | Report Abuse

excelyou.... where did you get the analysis and TP from ?

Posted by sharegain > 2016-08-18 17:20 | Report Abuse

SLP dropped from 3 to ~2.20 now after announcement of financial result. Will same thing happen to tguan?

Posted by hissyu2 > 2016-08-18 17:25 | Report Abuse

Up-down, you know what's ICULS inside TGUAN report or not? PE of 11x??? hmm... advise you to google what is ICULS :D

Posted by excelyou > 2016-08-18 19:59 | Report Abuse

Joe2703: Client get from RHB

Further expansion. Encouraged by the market’s reception of its new 33-layer nano technology stretch film commissioned in early-2016, Thong Guan (TG) will be adding another line in 1Q-2Q17, to cater to encouraging demand for the superior film type. The new line will increase stretch film capacity by c.25% and add an additional MYR90-100m in revenue pa. As TG moves up the value chain to offer higher value-add products, we expect the company to achieve better margins going forward.
Ambition in the wraps. We also favour TG’s positioning as the only major polyvinyl chloride (PVC) food wrap producer in Malaysia and one of three largest in South-East Asia (SEA). It is targeting to be a market leader in SEA by end-2017 and has allocated MYR20-25m to add two more PVC wrap lines over the next eight months. Demand for PVC wrap is growing fast, with TG already facing a backlog of orders to be filled for the rest of the year. Overall PVC wrap capacity is currently running at around 90%. As the new lines come on-stream, this is expected to add MYR20-24m pa to total revenue.
Food certification underway. TG’s noodle facility in Sungai Petani is awaiting organic certification from authorities in Australia, China and Japan, which could happen in the near future. Upon certification, it will be able to ramp up production to cater for larger noodle orders going forward. The company is currently engaged in talks with several retail chains in Australia and China to supply organic baby noodles.
Upgrade to BUY. We tweak our FY16 estimates by 4.7% after accounting for stronger-than-expected utilisation rates at its stretch film division. We also raise our sales tonnage assumption by 17-26% in FY17-18 to account for the new capacity. Our SOP-derived TP is raised to MYR5.27 after rolling forward our valuation to FY17F, based on P/E of 13x, which is in line with the peer market cap weighted-average P/E of approx. 13x. Our target P/E of 13x implies a PEG- ratio of 0.59x.

Posted by Up_down > 2016-08-19 11:04 | Report Abuse

hissyu2. My figure is before fully adjusting WA & LA.

Share Capital structure of Tguan:
Ordinary shares: 105.271 million
WA: 26.234 million
LA: 52.602 million

Packaging industry PER
Tguan - 17.1x ( Fully adjusted WA & LA )

BPPlas - 12.1x
CYL - 14.8x
Geshen - 13.9x (top & bottom line started declining )
LCTH - 10.3x ( top & bottom line started declining )
Scientex - 12.5x ( 54% of Net Profit contributed from property segment)
SCGM - 19.3x
SLP - 20.6x
Daiboci - 22.4x
Tomypak- 13x (top & bottom line started declining )

Posted by YiStock > 2016-08-19 11:20 | Report Abuse

Up-Down, maybe you want to add in RM 1.50 exercise price x 26.234 mil warrant = RM 39.5 mil / RM 0.21 real hard cash per share into your calculation of Tguan PER

Posted by Up_down > 2016-08-19 11:27 | Report Abuse

YiStock. PER drops to 16.3x after taken into account cash adjustment from WA.

Share Capital structure of Tguan:
Ordinary shares: 105.271 million
WA: 26.234 million
LA: 52.602 million

Packaging industry PER
Tguan - 16.3x ( Fully adjusted LA & WA & Cash RM 21 cents/share)

BPPlas - 12.1x
CYL - 14.8x
Geshen - 13.9x (top & bottom line started declining )
LCTH - 10.3x ( top & bottom line started declining )
Scientex - 12.5x ( 54% of Net Profit contributed from property segment)
SCGM - 19.3x
SLP - 20.6x
Daiboci - 22.4x
Tomypak- 13x (top & bottom line started declining )

Posted by i3i2i1 > 2016-08-22 09:46 | Report Abuse

Hippo, where you get the TP from RHB?

Posted by i3i2i1 > 2016-08-22 10:41 | Report Abuse

tq hippo

Posted by i3i2i1 > 2016-08-22 10:44 | Report Abuse

some old stuff: http://markets.ft.com/data/equities/tearsheet/forecasts?s=TGUAN:KLS

Posted by i3i2i1 > 2016-08-22 10:45 | Report Abuse

http://www.theedgemarkets.com/my/article/stock-momentum-thong-guan-industries-1

Posted by Dong Yer > 2016-08-22 10:45 | Report Abuse

Is the report release today?

Posted by i3i2i1 > 2016-08-22 11:48 | Report Abuse

no clue, all those i search from google... i still cant get the TP from RHB :(

Posted by i3i2i1 > 2016-08-22 16:52 | Report Abuse

when QR ar?

Posted by George888 > 2016-08-23 09:50 | Report Abuse

Final Dividend received :)

Posted by Dong Yer > 2016-08-25 10:36 | Report Abuse

share goreng so high and quarter report release date keep delay...will the result really under expectation.

Posted by chankp7010 > 2016-08-25 10:57 | Report Abuse

Insiders' are collecting bit by bit over the past few days. I feel strongly that forthcoming QR will be good. Share prices have gradually moved upward and I believe RM5.00 will soon be reached.

Posted by xcu843 > 2016-08-25 16:06 | Report Abuse

look good but actual don't know how.

Posted by i3i2i1 > 2016-08-25 18:24 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5187461

Posted by longkanginvestor > 2016-08-25 18:26 | Report Abuse

Huat arrr

Posted by Stephen Chow > 2016-08-25 18:27 | Report Abuse

Looks good.. Consistently high earnings.. Well done TGUAN

Posted by longkanginvestor > 2016-08-25 18:27 | Report Abuse

Eps 13.81 even better than previous quarter

Posted by longkanginvestor > 2016-08-25 18:29 | Report Abuse

On target to achieve full year eps of 50c..PE 12 then will be rm6 :)
Warrant easily rm4.50

Posted by George888 > 2016-08-25 18:29 | Report Abuse

Q2 Net Profit at rm14.529. Great earnings. Surprise 6cents dividend too :)

Posted by i3i2i1 > 2016-08-25 18:34 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5187481

Posted by longkanginvestor > 2016-08-25 18:38 | Report Abuse

Just got 9c div now another 6c..yum yum :)

Posted by Koay Yi Chuan > 2016-08-25 18:45 | Report Abuse

Never disappoints!

Posted by George888 > 2016-08-25 19:37 | Report Abuse

https://www.facebook.com/georgeleongdiary/posts/670242619817895:0

Posted by Harryt30 > 2016-08-25 19:55 | Report Abuse

More to come in future, 2 new PVC FOOD Wrap line, and 33 layer nano tech machine haven't fully operating. they still doing testing.

Posted by Ahbeng11 > 2016-08-25 20:41 | Report Abuse

Compsre with scientex, there is still room to grow

Posted by sharegain > 2016-08-25 21:57 | Report Abuse

At first glance, the result looked good with dividen. But if you study in detail, the profit has dropped actually from 18m to 14m (Qtr to Qtr) after take away the FX and property gain.

Posted by younginvestor92 > 2016-08-26 11:08 | Report Abuse

sharegain u need to compare on YOY basis....

Posted by Jeff Lee > 2016-08-26 11:16 | Report Abuse

bonus issue should be the next coming up

Posted by Stephen Chow > 2016-08-26 13:01 | Report Abuse

Patiently wait for the next rally! IMHO still an undervalued stock considering current performance and greater potential in future

Posted by michaelwong > 2016-08-26 15:56 | Report Abuse

Whack up nicely as the current trend we can see only stocks with potential have the ability to go forward . This stock have been moving up quite steadily currently .

Posted by xcu843 > 2016-08-26 17:27 | Report Abuse

why good profit but stock down?

Posted by xcu843 > 2016-08-26 17:32 | Report Abuse

Why profit up but share price drop?

Posted by xcu843 > 2016-08-26 17:33 | Report Abuse

Kena downgrade pula.

Posted by ykloh > 2016-08-26 19:33 | Report Abuse

revenue growth in plastic products very small. not indicative of any thing great on the horizon.

Posted by kakasi123 > 2016-08-27 10:53 | Report Abuse

current market sentiment no good. this stock still good to hold. as the price will correct soon , its worth at least rm5.3

Posted by Kyou > 2016-08-28 11:40 | Report Abuse

I regret to sold out all my warrant at 2.06...now aldy reached the higher price.

Posted by xcu843 > 2016-08-29 12:10 | Report Abuse

No need to regret. Still can buy now.

Posted by Bizfuneng > 2016-08-29 14:08 | Report Abuse

What is there to regret....opportunity is rite in front of you ie if you still believe the fundamental hasn't change and continue to improve.

Posted by muscular > 2016-08-29 22:55 | Report Abuse

Sold rm4.36.. Thx

Posted by Ezra_Investor > 2016-08-30 17:12 | Report Abuse

Excellent result.

Posted by Stephen Chow > 2016-08-30 19:04 | Report Abuse

excellent sell down after excellent result. :D