THONG GUAN INDUSTRIES BHD

KLSE (MYR): TGUAN (7034)

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Last Price

1.54

Today's Change

-0.02 (1.28%)

Day's Change

1.53 - 1.56

Trading Volume

310,900


14 people like this.

6,719 comment(s). Last comment by jeffrey1166 2 days ago

Posted by night_shadow > 2020-11-25 11:48 | Report Abuse

@maxpowar Yes im new less than 10 years experience in Bursa so what? yes im not looking to be part of the company coz it’s not my family’s company, im here just to make money just like most of the guys here & so far thank god it works well for me.

But whatever business it is whatever way u’re investing im sure u’ll agree that buying at 2.73 is better than buying at 2.9 or higher right? I bought at 2.85, and i think it would’ve been better decision if i wait for a while and buy now at 2.73

cath0025

60 posts

Posted by cath0025 > 2020-11-25 11:48 | Report Abuse

why drop so much...

amet2017

3,150 posts

Posted by amet2017 > 2020-11-25 12:05 | Report Abuse

Cause big company like this also got syndicate pump up and down. Haha

yoyo

496 posts

Posted by yoyo > 2020-11-25 12:13 | Report Abuse

Agree with you, i will say is across the board every counter got syndicate goreng it.
Up we dunno why, drop also we dunno why.
Maybe Bursa ground is in between investment and gambling, haha
Wish we all can make money from it.

amet2017 Cause big company like this also got syndicate pump up and down. Haha

amet2017

3,150 posts

Posted by amet2017 > 2020-11-25 12:19 | Report Abuse

If you can hold, this is not goreng stock. Look at the nta, its 3.3 and fv is around 3.4. So at the current price it is undervalue

laychee

1,743 posts

Posted by laychee > 2020-11-25 12:26 | Report Abuse

If people selling because of potential budget being rejected tomorrow, today is a good buy.

If not, it may drop further.

terence775

550 posts

Posted by terence775 > 2020-11-25 12:27 | Report Abuse

Up and down is normal. Every counter also got people want to buy, also got people want to sell. Long term is up, then ok la. As company keeps growing, share price will follow eventually.

Night_shadow, if you want to trade, I would say tguan is not the right counter for you. Many other higher volatilty counters for better trading.. i.e. pos, kpower, glove counters etc.

I disagree with your statement, because you are thinking that you can time the market. Buying at 2.7 is better than 2.8 or 2.9. Of course. But who will know if it would drop to 2.7? What if you buy now at 2.7 but it drops to 2.6 next week? Or what if you didn't buy at 2.8, then it rebounds to 3?

Don't try to time the market, no point.

Posted by night_shadow > 2020-11-25 12:36 | Report Abuse

@Terence well few days ago Lc Lau said the price will go down to 2.7 back when the price is above 2.9, Maxpowar said he was dreaming but now we know that he wasnt, maybe he got some insider news?

terence775

550 posts

Posted by terence775 > 2020-11-25 12:43 | Report Abuse

Night_shadow, maybe he was, maybe he wasn't. Who knows? This is a public forum. Anyone can tell you anything. Even I can claim that I'm from a prestigious fund, and that other funds are looking to enter Tguan soon. I do have insider friends after all. They told me, just need to wait for window dressing in december. Tguan will break 3.50 easily.

Am I telling the truth? Am I also dreaming? Who's to judge?

Can always read, but never believe everything you read. Personally, I would never trust any firm figures here. Opinions, maybe. Numbers? no way.

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-25 13:29 | Report Abuse

@terence fully agreed. on a grand scheme of thing,the few tens of cents shouldn’t matter if you’re buying a fraction of a business and not treating it like a lottery ticket. If a small correction(or whatever the cause behind of share price drop) freaks you out (looking at you night_shadow),then don’t dip your feet the stock market really. And yes,tguan is not the right counter you’re looking at since you’re here for a quick buck. Numbers don’t lie,NTA 3.30,selling at 2.73 is a bargain.

Posted by chengcheekaan > 2020-11-25 13:39 | Report Abuse

@night_shadow, then ask yourself why you buy at RM2.85, It's the same reason why some people think it will go up, and why some people think it will go down. It's also the same reason why some people believe 100% what they read here, and why some don't.

Posted by Rainbow0721 > 2020-11-25 14:20 | Report Abuse

@ terrence, @maxpowar

Thank you for your insight full sharing!


#I disagree with your statement, because you are thinking that you can time the market. Buying at 2.7 is better than 2.8 or 2.9. Of course. But who will know if it would drop to 2.7? What if you buy now at 2.7 but it drops to 2.6 next week? Or what if you didn't buy at 2.8, then it rebounds to 3?

Don't try to time the market, no point#

#If a small correction(or whatever the cause behind of share price drop) freaks you out (looking at you night_shadow),then don’t dip your feet the stock market really.#

i am still trying to learn how to approach the market.. i admit that it does freak me out when i bought one share at 3.5, and see it keeps dropping until 3.1, I keep worrying that if there is something wrong with the company's fundamental.. and there are negative comments on the forum.. but i tell myself to keep it and believe in the company's growth..

What is the proper way of investing? if it is a good company, do we take chance to average down when there is selldown? we should not follow to panic sell when people selling? like there could be another sell down if the Budget is rejected tomorrow..

Posted by chengcheekaan > 2020-11-25 14:31 | Report Abuse

@Rainbow0721, to answer you question, you must first ask yourself what is your expectation from your investment, also the time frame you willing to give your investment to provide you the expected return. Second, do you need to use the money you wish to invest during the entire investment period.

Because your answer to the above questions will determine your investment strategy, and the way you approach the market

amet2017

3,150 posts

Posted by amet2017 > 2020-11-25 14:52 | Report Abuse

Buy buy buy

amet2017

3,150 posts

Posted by amet2017 > 2020-11-25 14:53 | Report Abuse

Thing the operator target to down everyday 10 cents. So maybe today close around 2.60

Posted by night_shadow > 2020-11-25 15:09 | Report Abuse

Fundamentally maybe this company is not as strong as we thought it is, A fundamentally strong company wont be easily manipulated by operator like this, 5 days in a row price drop with more than 14% cap lost..

terence775

550 posts

Posted by terence775 > 2020-11-25 15:34 | Report Abuse

Share price is the least of my concern lah... company profits and growth are what I care about in investing. btw, I added more at 2.66 just now, too cheap to pass.

Markv572421

3,374 posts

Posted by Markv572421 > 2020-11-25 15:40 | Report Abuse

Esos ......employee on selling

Posted by chengcheekaan > 2020-11-25 15:57 | Report Abuse

night_shadow Fundamentally maybe this company is not as strong as we thought it is, A fundamentally strong company wont be easily manipulated by operator like this, 5 days in a row price drop with more than 14% cap lost..

What kind of logic is this....

Posted by chengcheekaan > 2020-11-25 16:05 | Report Abuse

night_shadow @maxpowar Yes im new less than 10 years experience in Bursa so what? yes im not looking to be part of the company coz it’s not my family’s company

Of coz it's not your family's company, you bought it, it's your company now!
And you are not looking to be part of your company?
Haha.....

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-25 16:43 | Report Abuse

I’m just gonna ignore night_shadow with his twisted logic and investment approach.

@terence I’ve topped up when it dropped to 2.90,now that the price is gradually falling,I’m just gonna wait until it starts to rebound before next top up to avoid catching a falling knife hehe..

@rainbow chengcheekan gave you a pretty solid advice there. Your horizon of investment plays a huge role determining your strategy. One rule of thumb is invest only the money you do not need to use anytime soon. Needless to say,those who can wait 5-10 years or longer wouldnt mind a dip here and there because over the years,share price will align with business performance,provided you monitor business performance regularly.

Posted by Rainbow0721 > 2020-11-25 17:25 | Report Abuse

@chengcheekan, i actually look for long term investment.. however my friend advised that the market is too volatile now.. not suitable for long term.. it is better to hit and run now.. does that mean if price broke below support we should cut loss? even it is a good fundamental company? it is quite disheartening to see that after cut loss.. the share price goes up again..

@terence, @maxpowar, seems like both of you have the similar investing principle/mindset.. how long does it take to implant this kind of mindset? like what terence said .. share price is least of concern and company growth and profit more important.. but as human being, we tend to be emotionally affected when we see our investment in red.. and choose to sell in red to have peace of mind..

some said that real money is made over long term.. and those are boring money..

terence775

550 posts

Posted by terence775 > 2020-11-25 17:52 | Report Abuse

Rainbow, everyone got different style. For company I invest in, then I see their profits and growth. but you have to make sure you really understand the company, the potential, the threats, challenges, addressable market, etc.

For shares that I just want to trade short term based on a certain theme, then I just hit and run don't care about anything else.

Different portfolio, different style. Real money is made long term, definitely. For value investing, no such thing as cut loss.

You ask your friend la... hold long term on good companies, just sit and wait, earn more, or keep hit and run and staring at the screen, some days lose money some days win.. which one earns more...


give you some companies for case study: tguan, mfcb, johotin, inari, scientx, kpower... you compare just buy and wait for 1-2 years vs you keep in and out and in and out and stress everyday... you see lah..

you can take pre covid price vs current price, because if you bought during march crash all of these companies more than 100-200% returns already if you just hold until now.

terence775

550 posts

Posted by terence775 > 2020-11-25 17:55 | Report Abuse

If you cannot tahan seeing paper losses.. my suggestions are
1) don't look at your portfolio every single day.
2) delete the app or program
3) don't invest. it's not easy, and definitely not for everyone. get out with small losses and put your money elsewhere. maybe prs or unit trust, or epf.

terence775

550 posts

Posted by terence775 > 2020-11-25 17:58 | Report Abuse

The most important thing is of course your health and wellbeing. money is secondary. if being in the market is negatively affecting your health, emotions, mental states, and so on, I think it's better to leave. The price of seeing a psychologist or going to the hospital due to stress is not worth it.

Posted by chengcheekaan > 2020-11-25 18:04 | Report Abuse

@Rainbow0721 I think you need to be more specific about 'long term' investment, because I've seen people talking about 1 month as long term investment.

I've been investing since 2013, and TGUAN is one of the few shares I bought in 2013. I kept it until now, and it made 262% even after this recent slump. I'm not looking to sell it at the moment because I see the company is becoming even more aggressive in expanding their business compared to previous time. I did the same for GCB, which brings me even higher profit than TGUAN.

The most important thing in long term investment - identify good company that continue to make profit yearly, and have the guts to buy when the share price of that company is abnormally low due to reasons that are not affecting the company's business operation and profitability.

You will be least affected by the short term movement of the share price if you know the company really well. So the most important thing is to understand the business and the company, then you will know the value of the company, and you will be very clear on whether to buy or average down or sell.

awesome20

1,198 posts

Posted by awesome20 > 2020-11-25 18:04 | Report Abuse

good stock no need to worry

Posted by chengcheekaan > 2020-11-25 18:47 | Report Abuse

@rainbow, my own method of letting myself not to bother about the price movement, is when I bought any share, I assume the money is spent, indirectly meaning I'm mentally prepared to lose 100% of the money. So you got the sort of "expected la" kind of mentality.

Posted by Rainbow0721 > 2020-11-25 21:35 | Report Abuse

terence & cheekaan, may i ask your advice, if someone bought a good share at one price, maybe RM2.. but the share starts to turn downtrend.. and drop by 50%.. do you advise to exit first and enter again when it shows uptrend again.. or just hold and wait for the company value to realise..

For fundamental shares, do you analyse the TA as well? like whether it is showing any bearish pattern such double top triple top .. lower high.. etc.. or we actually do not need to care, just buy and forget..

Posted by Rainbow0721 > 2020-11-25 21:37 | Report Abuse

prepared to lose 100% of capital.. that sounds alot to absorb.. or you dont usually hold too many units?

hanzo

72 posts

Posted by hanzo > 2020-11-25 22:27 | Report Abuse

Only brainless investor prepre to lose 100% capital. Lol how the fk im leting myself losing 100k % capital in investing. This is investing not gambling

sraaz79

12 posts

Posted by sraaz79 > 2020-11-25 23:03 | Report Abuse

Posted by Rainbow0721 > Nov 25, 2020 9:35 PM | Report Abuse

Excellent question. I too await the answer. Thanks in advance.

Posted by chengcheekaan > 2020-11-26 08:10 | Report Abuse

@hanzo @rainbow "prepared to lose 100% capital" mindset is just to make myself not too worried about short term paper loss. I worked for me, and I'm just sharing my method.

When you're not affected mentally by the share price, you can make better decision.

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-26 08:25 | Report Abuse

@hanzo when you ask a question,you get an answer,which is what chengcheekann did. Imo he just trying to convey the mentality of “hoping for the best,prepare for the worst”,nothing wrong with that. The good thing is if the company is doing well there’s nothing to be worried of,hence the need to keep track with its business performance. Having said that if you don’t have the risk appetite to swallow +-30% volatility,perhaps you should consider other investments.

terence775

550 posts

Posted by terence775 > 2020-11-26 09:24 | Report Abuse

Rainbow, if you planned to cut, you should cut much earlier (maybe after 10-15%). after dropping 50%, you should be thinking to double down, not cutting *IF* the company has good fundamental. After already dropping 50%, how much more can it drop? If you sell at 50% losses, definitely going to regret it.

For long term, no I don't bother with TA so much. Would use it to find a good price to add more, maybe.

Hanzo, almost impossible to lose 100% capital, unless you're in no fundamental/speculative stocks. Being prepared to lose, not necessarily will lose. More often than not, people who are prepared to lose tend to win more.

Posted by EatCoconutCanWin > 2020-11-26 09:42 | Report Abuse

Queue at 2.50

Posted by BigPortfolio > 2020-11-26 09:45 | Report Abuse

terence775 lol lmao... this counter got bonus isssue not drop 50% r u ok?

terence775

550 posts

Posted by terence775 > 2020-11-26 10:08 | Report Abuse

BigPortfolio, what are you talking about? I was talking to Rainbow, in his/her example, I was asked what to do *IF* the stock has already dropped 50%. I never once said Tguan dropped 50%.

Tguan is still quite near their high.

See the question below>>

Rainbow0721 terence & cheekaan, may i ask your advice, if someone bought a good share at one price, maybe RM2.. but the share starts to turn downtrend.. and drop by 50%.. do you advise to exit first and enter again when it shows uptrend again.. or just hold and wait for the company value to realise..

For fundamental shares, do you analyse the TA as well? like whether it is showing any bearish pattern such double top triple top .. lower high.. etc.. or we actually do not need to care, just buy and forget..

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-26 10:19 | Report Abuse

Probably oversold,seeing a small rebound today with more buyer volume,hopefully can close green :D

Win188

276 posts

Posted by Win188 > 2020-11-26 11:40 | Report Abuse

what cause TGuan drops so much ? Recently qtr report is good. Prospect also good...

Posted by chengcheekaan > 2020-11-26 11:53 | Report Abuse

@Rainbow0721 terence & cheekaan, may i ask your advice, if someone bought a good share at one price, maybe RM2.. but the share starts to turn downtrend.. and drop by 50%.. do you advise to exit first and enter again when it shows uptrend again.. or just hold and wait for the company value to realize...

For fundamental shares, do you analyse the TA as well? like whether it is showing any bearish pattern such double top triple top .. lower high.. etc.. or we actually do not need to care, just buy and forget..
25/11/2020 9:35 PM

My personal humble opinion, which is based on my own experience and it suits me, and it's not the best investment strategy. This is just sharing, not teaching, and not asking you to do the same, and not saying this is the best, because we are all different human beings.

Before answering your question, I need to let you know my investment profile.

I'm a lazy investor, what I'm looking for is "do nothing, make money". Because I prefer to do less or do nothing, I must accept that my return might not be as good as some other investors that are more hardworking, and do a lot more research than me. On top of that, I'm very conservative in my stock selection, meaning I will only buy when most of my selection criteria are met. Which is why I don't buy too many stocks, only stick to a few companies that I feel I can buy and hold for a very long period of time. Also, I got zero knowledge in TA.

Back to your question, I will first look at the reason why the share price is dropping. So far for all the shares that I hold, most of the reasons are short term or temporary, or just out of nowhere. Over the years I’ve learnt that you can make much more money by continuously average down, provided that you have the funds (that you’re not going to use it in the next 5 years) and the company’s profitability is still intact over long term.

I almost won’t sell and re-enter because I can’t time the market or price movement, so what I did is I just bought more when the price is down like more than 10%, and just keep buying. However, if you’ve tried it a couple of times (sell and re-enter) and the results turns out to be better, then just believe in your own skill and do it. We all want extra profit right?

And like Terrence pointed out, do not wait until it dropped 50% only act. If you believe the share price can recover, start average down earlier. My own experience, just sharing, I first bought GCB-WB at 1.07, and it drop till 0.90 and I bought another round. Now I’m having 26% gain in less than 6 months. Should I sell first at 1.00 and buy more at 0.90? Of course! But I can’t time the market, so I chose to do what I know - average down and wait.

For TA, I can’t comment because I know nothing about it.

Cheers and happy investing!

gohkimhock

3,126 posts

Posted by gohkimhock > 2020-11-26 11:57 | Report Abuse

actually I don't see anything wrong with the quarterly results. It is within expectations.

laychee

1,743 posts

Posted by laychee > 2020-11-26 11:59 | Report Abuse

Holder of this company's stock could be of conservative type. They sell before a major event. Potential election is a major event.

Posted by scottsytong > 2020-11-26 12:46 | Report Abuse

share price weakness possibly due to kulim emco

gemfinder

6,880 posts

Posted by gemfinder > 2020-11-26 13:00 | Report Abuse

Many old timers like me sell ma. All got bonus isie with huge gain. No so soon buying back

laychee

1,743 posts

Posted by laychee > 2020-11-26 13:23 | Report Abuse

Thought the factory is in BM. BM is part of Penang. Kulim is part of Kedah. Although Kulim to BM only takes an hour drive.

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-26 13:32 | Report Abuse

Nolaa..their factories are based in Sungai Petani (Kedah) and Sabah.. written in their annual report

dlau8899

915 posts

Posted by dlau8899 > 2020-11-26 14:51 | Report Abuse

Double bottom rebound to 2.90 as soon

Maxpowar

313 posts

Posted by Maxpowar > 2020-11-26 15:38 | Report Abuse

Budget2021 passed,any tycoon wanna lift this counter up? :p

amet2017

3,150 posts

Posted by amet2017 > 2020-11-27 12:28 | Report Abuse

No sign of rebound at the moment. More to dead cat rebound. Have bullet just buy

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