All through the years to summarize up , whether improve qr results it is a dull and stagnant stock. The price can only move up one or two days and lost ground follow with low volume transaction .
Tguan-wa expiry date is 9/10/2019 and the exercise price is 1.50 . See whether the management can perform some magic show to lift the mother share price up or else the wa will be like waste paper undersubscrbe of no value. As far as I come across , TGUAN management teams are too conservative and nothing much hope for this company in the future to benefits minority shareholders .
Restaurant business ceased as announced in Annual Report. Oil price weakened over the past week lah. If restaurant business is closed, profit will jump a few million. So good.
Neoh Choo Ee is the late father of Dr. Neoh Soon Kean, a very wealthy tycoon in Penang. The family has internet in the rice and edible oil business and also a developer. Taman Lip Sin is their pride.
Good result but...its WA and LA are to expire in Sept'19 and Oct'19 and that will dilute its EPS quite significantly. This is a negative point needs to take notice. Otherwise, TGuan is really a buy at current price and earnings power. Its F&B segment has turned loss to gain in this quarter. I suppose its restaurant operation has stopped bleeding.
value88, how significant is the dilution? Conversion of its WA and LA will result in about 16% more shares in the market. However, this is offset by increase of RM33mil more cash as a result of warrant conversion, which is about 8% of market cap.
Value88, FYI....95% of the LA had been converted to mother share..amongst the 52mil LA, now only left 3mil LA not converted yet.. Regarding the WA..there have 26mils of WA...now about 50% have been converted..
Just collect lah. I suspect EPF is selling. EPF needs money for bigger cap companies and withdrawing from small cap. They just bought a warehouse in UK.
Revenue from Malaysia only less than 20%. Most of the revenue are generated from exporting to Asia and Europe. Appreciation of USD will benefit company
Mr Cold eye is also one of 30 shareholder.
Know why today drop?Is because Kenanga giving 2.4 target price with simple reason. J Decision at your own,they expand aggressively in Europe region
abang_misai, 20% revenue from Malaysia and PVC wrap is 9% of revenue. By simple calculation, PVC wrap in Malaysia could be 1.8% of sales only. Plus, if only the government stops using plastic food wrap, not other private entities, the percentage could be smaller than 1.8%. So, the news is immaterial at all.
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....
chkhooju
1,706 posts
Posted by chkhooju > 2019-03-23 20:26 | Report Abuse
This is one of my favorite counters.