but all these will change after conversion of ICUL and warrants which are to be issued, which will increase the share base by 75%. Unless if bottom line is also increased substantially. going by past performance, it is unlikely.
HI Ykloh, I agree with you if the bottom line doesn't increase. If that is the case, I will also dump this counter as the management is not doing justice to the fund raised. The rationale behind the fund to be raised is to increase capacity and upgrade machinery, it should hv +ve impact to bottom line.
Thong Guan Industries (TGI MK) Technical BUY with +10.1% potential return Last price : RM2.28 Target Price : RM2.35, RM2.51 Support : RM2.16 Stop-loss: RM2.15 BUY with a target price of RM2.51 with stop loss placed below RM2.15. Following a steep sell-off from the high of RM2.51, TGI’s share price has recovered gradually from the low of RM1.90 and has formed a series of higher lows and higher highs in the last 10 weeks. TGI has successfully made a breakout from both the immediate resistance of RM2.42 and the “cloud” yesterday on the back of a higher trading volume of 0.66m shares (vs 20-day average of 0.18m), suggesting upward continuation hereafter. This is consistent with the positive MACD and RSI readings, which in our view signify a strong upward momentum. We expect TGI to climb higher along the trendline and retest the previous high of RM2.51 in the near term.
Pradeep, come what may we make money ,I remember you are one of the strong supporters for Tguan when it was around 1.30, let's cheers together and enjoy the winning. What I'm interested now is the ex-LA price which may help us to make more.
Aunloke it is not easy to find a good stock we have to be patient if you look overall many are speculative players and at the end of the day very difficult to get a good profit. Let us see whether it can break 2.51 first if it break sky is the limit.
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....
multibagger
155 posts
Posted by multibagger > 2014-04-27 15:24 | Report Abuse
Some peers comparison, TGuan's valuation still attractive.
PE / PB / Div yield
Daibochi 18.4 / 3.16 / 3.2
SLP 11.2 / 1.42 / 3.89
BP Plastic 12.8 / 0.84 / 5.58
Tomypak 10.5 / 1.36 / 5.88
Scientex** 11.6 / 2.1 / 5.72
TGuan 8.1 / 0.79 / 3.68
** Scientex has property biz, not so comparable.