KLSE: TGUAN (7034)       THONG GUAN INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.66   0.00 (0.00%)  2.64 - 2.68  430,300
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Market Cap: 1,012 Million
NOSH: 381 Million
Avg Volume (4 weeks):1,873,600
4 Weeks Range:2.60 - 3.35
4 Weeks Price Volatility (%):
52 Weeks Range:1.95 - 5.72
52 Weeks Price Volatility (%):
Average Price Target: 4.45
Price Target Upside/Downside: +1.79
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  18-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  26-Feb-2021
T4Q P/E | EY: 13.43  |  7.45%
T4Q DY | Payout %: 2.34%  |  31.39%
T4Q NAPS | P/NAPS: 1.6387  |  1.62
T4Q NP Margin | ROE: 8.49%  |  12.09%


Date Subject
19-Nov-2020 Mplus Market Pulse - 19 Nov 2020
19-Nov-2020 Thong Guan Industries - 9MFY20 Above Expectations
18-Oct-2020 In Depth Thong Guan Stock Analysis - Fat Pitch Investing
10-Oct-2020 CGS-CIMB Insights:Thong Guan Industries Bhd
09-Oct-2020 Trading Stocks - Thong Guan Industries
05-Oct-2020 Stocks On Radar - Thong Guan Industries (7034)
24-Sep-2020 Trading Stocks - Thong Guan Industries
21-Aug-2020 [Humbled Investor] Should You Buy TGUAN Now?
21-Aug-2020 Mplus Market Pulse - 21 Aug 2020
21-Aug-2020 Thong Guan Industries Bhd - 1HFY20 Within Expectations
21-Aug-2020 马股系列 – 财源广通的通源工业 Thong Guan
18-Aug-2020 Stocks on Radar - Thong Guan Industries (7034)
18-Aug-2020 热门股:通源工业 上挑RM5.30
10-Jun-2020 Trading Stocks- Thong Guan Industries
28-May-2020 Daily Market Update - 28 May 2020 (TGUAN, FRONTKN)
22-May-2020 Thong Guan Industries Bhd - Situational Black Horse
20-May-2020 【行家论股/视频】通源工业 短期上涨空间有限
19-May-2020 PublicInvest Research Headlines - 19 May 2020
19-May-2020 Mplus Market Pulse - 19 May 2020

Business Background

Thong Guan Industries Bhd is a Malaysia based investment holding company. Along with its subsidiaries, the firm is engaged in trading of plastic packaging products. It operates in two segments including Plastic products and Food, beverages and other consumable products. The company generates the majority of the revenue from the plastic products segment which comprises of stretch films, garbage bags, industrial bags and PVC (Polyvinyl chloride) food wrap.
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  13 people like this.
scottsytong share price weakness possibly due to kulim emco
26/11/2020 12:46 PM
gemfinder Many old timers like me sell ma. All got bonus isie with huge gain. No so soon buying back
26/11/2020 1:00 PM
laychee 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.
26/11/2020 1:23 PM
Maxpowar Nolaa..their factories are based in Sungai Petani (Kedah) and Sabah.. written in their annual report
26/11/2020 1:32 PM
dlau8899 Double bottom rebound to 2.90 as soon
26/11/2020 2:51 PM
Maxpowar Budget2021 passed,any tycoon wanna lift this counter up? :p
26/11/2020 3:38 PM
amet2017 No sign of rebound at the moment. More to dead cat rebound. Have bullet just buy
27/11/2020 12:28 PM
Dankot New plant set-up on 2018 n start operate 2019 near my working place ...start to do injection molding n produce the resin :D
27/11/2020 8:48 PM
UndukNgadau Maybe a new leadership is required, as Ang See Ming no longer capable to evolve. We need a younger & brighter visionary
29/11/2020 12:38 AM
Maxpowar @unduk I beg to differ,younger leaders won’t be equipped with the same experience and competence. The company is growing steadily,changing leader is a redundant move IMO.
29/11/2020 6:48 AM
UndukNgadau Thanks Maxpower for your opinion.
29/11/2020 11:16 AM
UndukNgadau I really like TGuan to challenge ScienTx.
29/11/2020 11:16 AM
Maxpowar To be frank I really like scientex too,but at the ended I decided to invest in tguan instead for the reasons below:
Both companies have shown increasing profit year by year for the past 3 years,both with a good current ratio and debt equity ratio,both have similar P/E ratio. The difference is that scientex share price has gone up 100% from rm5 in 2016 to rm12 as of now, with rm1200 I can only acquire 100 shares, but for the same capital I can buy 400 shares of tguan. (Yes I’m aware that value shouldn’t be based on share price,but from retailer point of view,what we strive for is minimal capital deployment with maximum return of investment).

In the case of scientex,I really don’t quite understand how a plastic company can venture into property development, I wonder how these businesses can complement each other,plus real estate isn’t really selling well now. On the other hand, tguan’s initiative to venture into food and beverages make more business sense to me.By manufacturing their own noodles,coffee and tea,they can leverage their plastic packaging business to reduce operational cost and increase profit margin.
29/11/2020 12:14 PM
UndukNgadau Maxpowar: Many Thanks for your opinion again.
30/11/2020 1:16 AM
UndukNgadau You reinforced my believed in TGuan.
30/11/2020 1:16 AM
EatCoconutCanWin Haiyaaa..crude oil rise, USD weakness, plastic price rise.. haiyaaa.. trust uncle yy la.. queue rm2.50 lar..
30/11/2020 11:34 AM
Maxpowar @eatcoconut if got ppl willing to sell you at that price then you buy la, nobody is stopping you lol.
30/11/2020 11:39 AM
amet2017 Operator is making the counter looks like penny stock. Hahaha
30/11/2020 12:42 PM
hoiz6011 if Tguan doesn't hit 1b this year, i think many investor will pull the plug. A significant milestone for them.
30/11/2020 12:53 PM
Maxpowar @hoiz6011 we can really cut them some slack,many people are getting retrenched,you can hardly find ppl in the mall,tourism,construction making losses quarter over quarter, you expect record high profit from tguan? It’s unrealistic to say the least.Did they promise to hit 1b in FY20?No.
30/11/2020 1:21 PM
chengcheekaan Regardless, they will surely make historical highest profit this FY. Current 3Q profit at 58.2mil, only need 4mil to break previous record of 61.9mil. Conservative estimate TGUAN managed to achieve 15mil for the last Q, that's 73.2mil net profit, represents 18.25% increase in profit in this pandemic FY. Not to mention the delay of their expansion plan.

Not a buy sell recommendation, just a rough estimation on their earning prospect.
30/11/2020 1:48 PM
tuapuikia why so hard sell when banker is pushing the price down? tguan is one of my favorites. But now I would suggest it will sideways for a long time, or even go down further. Wait till it rebound. don't put all the money to top up. please...
30/11/2020 1:52 PM
hoiz6011 actually 1b is their target this year. clearly specified by their boss. and the previous price of the stock is based on that expectation. future earning. i am holding the stocks as well. to me, the boss need to explain and share the upcoming plan so the investor knows what's their plan.
30/11/2020 2:30 PM
hoiz6011 dont get me wrong. its a very good company, but as investor mindset, is this the best at this point of time for my maximum return?
30/11/2020 2:37 PM
Maxpowar @hoiz6011 no offense taken no worries,it’s good to have opinion from different POV,it enables us to see things rationally. :) regarding 1b target,ang see ming said that during their agm is it?
30/11/2020 2:54 PM
amet2017 Its quite a big shame in bursa for a good FA counter selling non stop like this. Whereas you can see counters with balloons of debt being pumped up like no limit
30/11/2020 3:05 PM
kkteng70 raw material price up very much
30/11/2020 3:24 PM
hoiz6011 Always good to have different opinion, bro. Alvin Ang mentioned in a conference zoom call with the investors organized by cimb. i think as a company they do have this vision or target in place. He also mentioned to grow 3b in 5 years time, which is their next target - lots of lands local and overseas for new factories. I was shocked with their previous quarter revenue which makes 1b this year looks very hard to achieve.
30/11/2020 3:38 PM
hoiz6011 i did post a questions on why are the directors keep cashing out compare to other companies that keep buying their own shares but no luck to be chosen as the question to him.
30/11/2020 3:38 PM
ronniedem seems like operator has been selling massively. volume have been huge for past 1 week
30/11/2020 3:51 PM
EatCoconutCanWin RUN..... PN loss majority
30/11/2020 4:20 PM
night_shadow few days drop we can call it dip, retrace or correction. But 8 days in a row like this it's called a DOWNTREND already huhu so sad company like this also can be manipulated by operator. Hopefully it'll rebound soon otherwise true long term investment also would lose hope with this company although it has good FA
30/11/2020 4:46 PM
Rainbow0721 I am quite keen on TGuan.. good FA company.. but nowadays i feel abit lost on the share price movement & the Company's QR.. like Tguan, i noticed Frontken also reported 2 consecutive good QR results but share price falling.. Tguan reported good QR but share price falling..

KESM didnt report any impressive results.. but the share price goes up..
can someone decipher this for me =( is it like what maxpowar mentioned earlier.. these are just short term movement.. and over the long term, share price and company value will align..
30/11/2020 4:55 PM
Rainbow0721 Maxpowar.. if one also collected Tguan at 2.9.. now down by 30 cents.. is there anything to fear.. =(
30/11/2020 5:09 PM
Maxpowar @rainbow0721 my advice to you: hold tight tight and don’t panic sell. The company didn’t close down,yes? If you drop by their factories in SgPetani,you’ll see their factory still operating as usual,yes?

Not convincing enough? Ok..open up their latest QR/AR2019,is the net profit increasing year by year?Yes. Is the company heavily in debt?No.

So..why do you worry when you are investing in a SOLID company? This is not some loss making shady companies hello..

When share price rebounds,they can happen aggressively..all it takes is a positive stimulus.For example.. supermax rocket surged 0.58cents today,all within 30 minutes before market closed hahaha..
30/11/2020 7:25 PM
Rainbow0721 @maxpowar.. yea.. i know Tguan is a solid company.. i will hold tight with all the fundamentally solid companies..

I also noticed the surge in supermax at market close.. is it due to window dressing for month end..
30/11/2020 9:12 PM
aaronsia @maxpower...for your reference..
01/12/2020 12:13 AM
UndukNgadau I see BIG dropped in share price as opportunity to buy more.
01/12/2020 12:16 AM
UndukNgadau However, I still believe that Alvin Ang is no longer d right Captain for TGuan
01/12/2020 12:18 AM
Maxpowar @aaronsia thanks Aaron for the reference :)
01/12/2020 8:05 AM
gemfinder buy in
01/12/2020 10:42 AM
terence775 gemfinder the hero, sell at peak and buy back low. idol, wish I could do that too.
01/12/2020 11:00 AM
gemfinder sold 2.71 TQVM for the contra gain
01/12/2020 11:27 AM
UndukNgadau Me too. Sold everything at 2.70 & 2.71. I hope to buy back next week in a big way. Still holding on to my MFCB
01/12/2020 2:18 PM
amet2017 Mfcb volatility is surprising. Matched sell simply jump a few cents during normal trading hours. But its a good FA counter like tguan.
01/12/2020 4:30 PM
UndukNgadau @ronniedem I've decided to sell all due to the 'huge' volume since 18th Nov
02/12/2020 12:12 AM
Maxpowar I took a look at mfcb’s share price trend,it does look good on the surface. So I quickly read through their latest sept QR. Here’s what I found (I’ll opine rationally, disclaimer I don’t own mfcb shares,and figures in rm’000)

1.) something that pops out right immediately is their YoY net profit took a huge leap from 15,568 to 107,754.

So I’ll wonder where does this huge profit come from...?

2.) I found that in the cash flow statement under operating activities,net change in assets -143,222.

3.) under cash flow for financing activities: they took a huuuggee loan of 628,217.

4.) hence their cash and cash equivalents at the end of period jumped from 87,954 to 129,804.

5.) next,the asset quality. First glance..total non-current assets wayyy more than current assets. To my surprise, their non current assets mostly made up of Intangible assets lol, up to 76.2%, which cannot be taken into account when calculating price value per share. If I include “goodwill” into its weightage,the numbers gonna be way more uglier.

6.) now current assets,it has cash reserve worth of 144,486. But the short term borrowings already amounted to 149,106. Do you think they can pay off their short term debt? I doubt so..again I haven’t even included its long term debt..

But the share price memang nice...all the way up over the years..

In conclusion: MFCB’s latest jump in net profit attributed to selling assets,it doesn’t have enough cash to pay off debt in short term. If the company goes bankrupt there really isn’t anything valuable to say the least.

TLDR: MFCB is overvalued. Just my 2 cents, cheers.
02/12/2020 6:51 AM
Maxpowar Having said that,TGuan is in a much healthier financial position compared to MFCB based on financial report alone la,can use my same thought process to apply in TGuan latest QR.
02/12/2020 7:34 AM
gemfinder Mfcb has country risk
02/12/2020 8:19 AM
UndukNgadau @maxpowar I sincerely Thank you for your time & effort on MFCB which I totally respect & appreciate. That's the reason why I'm here. Love to know others views, good or otherwise.
02/12/2020 11:25 AM

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