Highlights
KLSE: TGUAN (7034)       THONG GUAN INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.82   0.00 (0.00%)  2.82 - 2.82  7,400
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Ann. Date Date Type Units Price Total NOSH View
15-Oct-2019 16-Oct-2019 Exercise of Warrants 417,174 1.500 183,704,420 Additional Listing Detail
11-Oct-2019 14-Oct-2019 Conversion of Loan Stocks 3,527,336 1.000 183,287,246 Additional Listing Detail
09-Oct-2019 10-Oct-2019 Exercise of Warrants 1,638,523 1.500 179,759,910 Additional Listing Detail
02-Oct-2019 03-Oct-2019 Exercise of Warrants 415,818 1.500 178,121,387 Additional Listing Detail
30-Sep-2019 01-Oct-2019 Exercise of Warrants 120,825 1.500 177,705,569 Additional Listing Detail
25-Sep-2019 26-Sep-2019 Exercise of Warrants 227,000 1.500 177,584,744 Additional Listing Detail
23-Sep-2019 24-Sep-2019 Exercise of Warrants 803,150 1.500 177,357,744 Additional Listing Detail
18-Sep-2019 19-Sep-2019 Exercise of Warrants 289,400 1.500 176,554,594 Additional Listing Detail
05-Sep-2019 06-Sep-2019 Exercise of Warrants 15,300 1.500 176,265,194 Additional Listing Detail
15-Aug-2019 16-Aug-2019 Exercise of Warrants 232,600 1.500 176,249,894 Additional Listing Detail
15-Aug-2019 16-Aug-2019 Conversion of Loan Stocks 34,600 1.000 176,017,294 Additional Listing Detail
05-Aug-2019 06-Aug-2019 Exercise of Warrants 725,490 1.500 175,982,694 Additional Listing Detail
05-Aug-2019 06-Aug-2019 Conversion of Loan Stocks 34,000 1.000 175,257,204 Additional Listing Detail
31-Jul-2019 01-Aug-2019 Exercise of Warrants 12,941,392 1.500 175,223,204 Additional Listing Detail
31-Jul-2019 01-Aug-2019 Conversion of Loan Stocks 13,000 1.000 162,281,812 Additional Listing Detail
25-Jul-2019 26-Jul-2019 Exercise of Warrants 419,006 1.500 162,268,812 Additional Listing Detail
25-Jul-2019 26-Jul-2019 Conversion of Loan Stocks 100,462 1.000 161,849,806 Additional Listing Detail
18-Jul-2019 19-Jul-2019 Exercise of Warrants 1,649,969 1.500 161,749,344 Additional Listing Detail
18-Jul-2019 19-Jul-2019 Conversion of Loan Stocks 38,700 1.000 160,099,375 Additional Listing Detail
11-Jul-2019 12-Jul-2019 Exercise of Warrants 380,123 1.500 160,060,675 Additional Listing Detail
04-Jul-2019 05-Jul-2019 Exercise of Warrants 136,600 1.500 159,680,552 Additional Listing Detail
27-Jun-2019 28-Jun-2019 Exercise of Warrants 357,200 1.500 159,543,952 Additional Listing Detail
20-Jun-2019 21-Jun-2019 Exercise of Warrants 14,650 1.500 159,186,752 Additional Listing Detail
20-Jun-2019 21-Jun-2019 Conversion of Loan Stocks 120,300 1.000 159,172,102 Additional Listing Detail
13-Jun-2019 14-Jun-2019 Exercise of Warrants 226,375 1.500 159,051,802 Additional Listing Detail
13-Jun-2019 14-Jun-2019 Conversion of Loan Stocks 142,800 1.000 158,825,427 Additional Listing Detail
07-Jun-2019 10-Jun-2019 Conversion of Loan Stocks 617,488 1.000 158,682,627 Additional Listing Detail
23-May-2019 24-May-2019 Conversion of Loan Stocks 20,660,486 1.000 158,065,139 Additional Listing Detail
14-May-2019 15-May-2019 Exercise of Warrants 24,500 1.500 137,404,653 Additional Listing Detail
14-May-2019 15-May-2019 Conversion of Loan Stocks 33,300 1.000 137,380,153 Additional Listing Detail
30-Apr-2019 02-May-2019 Conversion of Loan Stocks 7,500 1.000 137,346,853 Additional Listing Detail
24-Apr-2019 25-Apr-2019 Conversion of Loan Stocks 40,000 1.000 137,339,353 Additional Listing Detail
17-Apr-2019 18-Apr-2019 Exercise of Warrants 95,000 1.500 137,299,353 Additional Listing Detail
17-Apr-2019 18-Apr-2019 Conversion of Loan Stocks 64,600 1.000 137,204,353 Additional Listing Detail
03-Apr-2019 04-Apr-2019 Exercise of Warrants 20,000 1.500 137,139,753 Additional Listing Detail
03-Apr-2019 04-Apr-2019 Conversion of Loan Stocks 200,200 1.000 137,119,753 Additional Listing Detail
21-Mar-2019 22-Mar-2019 Exercise of Warrants 116,400 1.500 136,919,553 Additional Listing Detail
13-Mar-2019 14-Mar-2019 Exercise of Warrants 366,500 1.500 136,803,153 Additional Listing Detail
06-Mar-2019 07-Mar-2019 Exercise of Warrants 4,000 1.500 136,436,653 Additional Listing Detail
20-Dec-2018 21-Dec-2018 Conversion of Loan Stocks 5,000 1.000 136,430,153 Additional Listing Detail
20-Dec-2018 21-Dec-2018 Exercise of Warrants 2,500 1.500 136,432,653 Additional Listing Detail
23-Nov-2018 26-Nov-2018 Conversion of Loan Stocks 7,500 1.000 136,425,153 Additional Listing Detail
15-Nov-2018 16-Nov-2018 Conversion of Loan Stocks 13,000 1.000 136,417,653 Additional Listing Detail
01-Aug-2018 02-Aug-2018 Conversion of Loan Stocks 6,000 1.000 136,404,653 Additional Listing Detail
25-Jul-2018 26-Jul-2018 Conversion of Loan Stocks 5,700 1.000 136,398,653 Additional Listing Detail
17-Jul-2018 18-Jul-2018 Exercise of Warrants 10,250 1.500 136,392,953 Additional Listing Detail
19-Apr-2018 20-Apr-2018 Conversion of Loan Stocks 90,000 1.000 136,382,703 Additional Listing Detail
05-Mar-2018 06-Mar-2018 Exercise of Warrants 10,000 1.500 136,292,703 Additional Listing Detail
21-Feb-2018 22-Feb-2018 Exercise of Warrants 60,000 1.500 136,282,703 Additional Listing Detail
06-Feb-2018 07-Feb-2018 Exercise of Warrants 50,000 1.500 136,222,703 Additional Listing Detail
30-Jan-2018 02-Feb-2018 Conversion of Loan Stocks 830,000 1.000 136,172,703 Additional Listing Detail
19-Jan-2018 22-Jan-2018 Exercise of Warrants 8,000 1.500 135,342,703 Additional Listing Detail
18-Jan-2018 19-Jan-2018 Conversion of Loan Stocks 47,531 1.000 135,334,703 Additional Listing Detail
09-Jan-2018 10-Jan-2018 Exercise of Warrants 20,000 1.500 135,287,172 Additional Listing Detail
05-Jan-2018 08-Jan-2018 Conversion of Loan Stocks 4,900 1.000 135,267,172 Additional Listing Detail
22-Dec-2017 26-Dec-2017 Conversion of Loan Stocks 60,800 1.000 135,262,272 Additional Listing Detail
14-Dec-2017 15-Dec-2017 Exercise of Warrants 14,000 1.500 135,201,472 Additional Listing Detail
12-Dec-2017 13-Dec-2017 Conversion of Loan Stocks 1,400,000 1.000 135,187,472 Additional Listing Detail
07-Dec-2017 08-Dec-2017 Conversion of Loan Stocks 153,700 1.000 133,787,472 Additional Listing Detail
29-Nov-2017 30-Nov-2017 Conversion of Loan Stocks 221,906 1.000 133,633,772 Additional Listing Detail
17-Nov-2017 20-Nov-2017 Conversion of Loan Stocks 20,800 1.000 133,411,866 Additional Listing Detail
10-Nov-2017 13-Nov-2017 Conversion of Loan Stocks 20,500 1.000 133,391,066 Additional Listing Detail
08-Nov-2017 09-Nov-2017 Exercise of Warrants 546,000 1.500 133,370,566 Additional Listing Detail
01-Nov-2017 02-Nov-2017 Conversion of Loan Stocks 83,100 1.000 132,824,566 Additional Listing Detail
25-Oct-2017 26-Oct-2017 Exercise of Warrants 74,300 1.500 132,741,466 Additional Listing Detail
16-Oct-2017 17-Oct-2017 Exercise of Warrants 13,000 1.500 132,667,166 Additional Listing Detail
12-Oct-2017 13-Oct-2017 Conversion of Loan Stocks 163,472 1.000 132,654,166 Additional Listing Detail
03-Oct-2017 04-Oct-2017 Exercise of Warrants 1,000 1.500 132,490,694 Additional Listing Detail
14-Sep-2017 15-Sep-2017 Exercise of Warrants 750 1.500 132,489,694 Additional Listing Detail
10-Aug-2017 11-Aug-2017 Exercise of Warrants 1,750 1.500 132,488,944 Additional Listing Detail
08-Aug-2017 09-Aug-2017 Conversion of Loan Stocks 7,700 1.000 132,487,194 Additional Listing Detail
03-Aug-2017 04-Aug-2017 Exercise of Warrants 9,450 1.500 132,479,494 Additional Listing Detail
25-Jul-2017 26-Jul-2017 Conversion of Loan Stocks 11,000 1.000 132,470,044 Additional Listing Detail
24-Jul-2017 25-Jul-2017 Exercise of Warrants 56,400 1.500 132,459,044 Additional Listing Detail
20-Jul-2017 21-Jul-2017 Conversion of Loan Stocks 644,034 1.000 132,402,644 Additional Listing Detail
17-Jul-2017 18-Jul-2017 Exercise of Warrants 115,550 1.500 131,758,610 Additional Listing Detail
13-Jul-2017 14-Jul-2017 Conversion of Loan Stocks 2,517,300 1.000 131,643,060 Additional Listing Detail
11-Jul-2017 12-Jul-2017 Exercise of Warrants 307,750 1.500 129,125,760 Additional Listing Detail
07-Jul-2017 10-Jul-2017 Conversion of Loan Stocks 91,500 1.000 128,818,010 Additional Listing Detail
04-Jul-2017 05-Jul-2017 Exercise of Warrants 153,800 1.500 128,726,510 Additional Listing Detail
28-Jun-2017 29-Jun-2017 Conversion of Loan Stocks 11,100 1.000 128,572,710 Additional Listing Detail
21-Jun-2017 22-Jun-2017 Exercise of Warrants 480,200 1.500 128,561,610 Additional Listing Detail
16-Jun-2017 19-Jun-2017 Conversion of Loan Stocks 145,600 1.000 128,081,410 Additional Listing Detail
08-Jun-2017 09-Jun-2017 Exercise of Warrants 220,850 1.500 127,935,810 Additional Listing Detail
05-Jun-2017 06-Jun-2017 Conversion of Loan Stocks 1,402,062 1.000 127,714,960 Additional Listing Detail
01-Jun-2017 02-Jun-2017 Exercise of Warrants 206,650 1.500 126,312,898 Additional Listing Detail
23-May-2017 24-May-2017 Conversion of Loan Stocks 722,900 1.000 126,106,248 Additional Listing Detail
19-May-2017 22-May-2017 Exercise of Warrants 215,300 1.500 125,383,348 Additional Listing Detail
16-May-2017 17-May-2017 Conversion of Loan Stocks 632,900 1.000 125,168,048 Additional Listing Detail
09-May-2017 11-May-2017 Conversion of Loan Stocks 582,600 1.000 124,535,148 Additional Listing Detail
04-May-2017 05-May-2017 Exercise of Warrants 172,600 1.500 123,952,548 Additional Listing Detail
02-May-2017 03-May-2017 Conversion of Loan Stocks 52,250 1.000 123,779,948 Additional Listing Detail
25-Apr-2017 26-Apr-2017 Exercise of Warrants 169,650 1.500 123,727,698 Additional Listing Detail
18-Apr-2017 19-Apr-2017 Conversion of Loan Stocks 369,900 1.000 123,558,048 Additional Listing Detail
11-Apr-2017 12-Apr-2017 Exercise of Warrants 453,450 1.500 123,188,148 Additional Listing Detail
06-Apr-2017 07-Apr-2017 Conversion of Loan Stocks 2,626,700 1.000 122,734,698 Additional Listing Detail
31-Mar-2017 03-Apr-2017 Exercise of Warrants 157,050 1.500 120,107,998 Additional Listing Detail
29-Mar-2017 30-Mar-2017 Conversion of Loan Stocks 126,300 1.000 119,950,948 Additional Listing Detail
20-Mar-2017 21-Mar-2017 Conversion of Loan Stocks 99,000 1.000 119,824,648 Additional Listing Detail
10-Mar-2017 13-Mar-2017 Conversion of Loan Stocks 32,000 1.000 119,725,648 Additional Listing Detail
03-Mar-2017 06-Mar-2017 Conversion of Loan Stocks 8,961 1.000 119,693,648 Additional Listing Detail
28-Feb-2017 01-Mar-2017 Exercise of Warrants 12,550 1.500 119,684,687 Additional Listing Detail
23-Feb-2017 16-Feb-2017 Conversion of Loan Stocks 110,500 1.000 119,672,137 Additional Listing Detail
23-Feb-2017 08-Feb-2017 Conversion of Loan Stocks 165,600 1.000 119,561,637 Additional Listing Detail
25-Jan-2017 26-Jan-2017 Conversion of Loan Stocks 538,500 1.000 119,396,037 Additional Listing Detail
18-Jan-2017 19-Jan-2017 Conversion of Loan Stocks 294,500 1.000 118,857,537 Additional Listing Detail
13-Jan-2017 16-Jan-2017 Conversion of Loan Stocks 84,700 1.000 118,563,037 Additional Listing Detail
05-Jan-2017 06-Jan-2017 Conversion of Loan Stocks 171,800 1.000 118,478,337 Additional Listing Detail
28-Dec-2016 29-Dec-2016 Conversion of Loan Stocks 281,100 1.000 118,306,537 Additional Listing Detail
20-Dec-2016 21-Dec-2016 Conversion of Loan Stocks 79,900 1.000 118,025,437 Additional Listing Detail
15-Dec-2016 16-Dec-2016 Conversion of Loan Stocks 341,800 1.000 117,945,537 Additional Listing Detail
07-Dec-2016 08-Dec-2016 Conversion of Loan Stocks 112,750 1.000 117,603,737 Additional Listing Detail
01-Dec-2016 02-Dec-2016 Conversion of Loan Stocks 854,659 1.000 117,490,987 Additional Listing Detail
24-Nov-2016 25-Nov-2016 Conversion of Loan Stocks 680,503 1.000 116,636,328 Additional Listing Detail
17-Nov-2016 18-Nov-2016 Conversion of Loan Stocks 381,100 1.000 115,955,825 Additional Listing Detail
14-Nov-2016 15-Nov-2016 Conversion of Loan Stocks 499,500 1.000 115,574,725 Additional Listing Detail
08-Nov-2016 09-Nov-2016 Conversion of Loan Stocks 2,247,200 1.000 115,075,225 Additional Listing Detail
02-Nov-2016 03-Nov-2016 Conversion of Loan Stocks 372,050 1.000 112,828,025 Additional Listing Detail
27-Oct-2016 28-Oct-2016 Exercise of Warrants 2,000 1.500 112,455,975 Additional Listing Detail
25-Oct-2016 26-Oct-2016 Conversion of Loan Stocks 3,392,800 1.000 112,453,975 Additional Listing Detail
19-Oct-2016 21-Oct-2016 Exercise of Warrants 634,500 1.500 109,061,175 Additional Listing Detail
19-Oct-2016 20-Oct-2016 Conversion of Loan Stocks 1,399,400 1.000 108,426,675 Additional Listing Detail
14-Oct-2016 17-Oct-2016 Conversion of Loan Stocks 394,500 1.000 107,027,275 Additional Listing Detail
12-Oct-2016 13-Oct-2016 Conversion of Loan Stocks 1,346,900 1.000 106,632,775 Additional Listing Detail
14-Sep-2016 15-Sep-2016 Exercise of Warrants 14,875 1.500 105,285,875 Additional Listing Detail
27-Jan-2016 29-Jan-2016 Exercise of Warrants 58,750 1.500 105,271,000 Additional Listing Detail
17-Nov-2015 18-Nov-2015 Exercise of Warrants 750 1.500 105,212,250 Additional Listing Detail
31-Oct-2014 03-Nov-2014 Others 7,000 1.500 105,211,500 Additional Listing Detail
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  11 people like this.
 
Rex Ang masih murah..pe8.9
27/09/2019 9:39 AM
George Leong Its NTA is rm3.28, it should be trading at least at that level, still undervalued.
27/09/2019 10:31 AM
Cakes Moon Ok, sailang at RM2.77 today.
27/09/2019 10:35 AM
akupolitikkk if nx qr eps at least got 12, easily RM3
27/09/2019 3:41 PM
EatCoconutCanWin Aizai..I am here liao
28/09/2019 7:49 AM
gladiator Under value for some time already...hope tguan pay more dividend.
28/09/2019 11:23 AM
GLNT Kenanga just upgraded Tguan to RM3.00 target price. Such laggard....
04/10/2019 9:54 AM
Ricky Yeo Some observation: If you pay attention to the flexible film packaging (FFP) industry, you will realised the industry is undergoing a lot of consolidation. Amcor, one of largest plastic manufacturer based in Australia (rigid and flexible) acquire Bemis, a big player in US almost a year ago. At local front, Scientex has acquired 5-6 local companies over the past 7 years, the latest one being Daibochi.

Generally, when an industry is undergoing consolidation, it is mostly because it has become too cost inefficient, cost overrun for smaller size plastic companies. And of course the ROE is become really poor. And this is apparent looking at the profit margin of plastic players in Malaysia as well as other countries.

As players started to consolidate and hit scale economies, this is going to present problems for small players like Tguan. Tguan's profit margin could be under alot of pressure because bigger players can use their lower cost structure to squeeze smaller players.

And also keep in mind film packaging is 'commoditised'. Yes, one does need to meet certain food regulations but basically no one is going to say hey I prefer Tguan's film over Scientex's film. This is also one of the reason why Scientex is moving up the value chain, from manufacturing industrial stretch film to transition over to other films like food packaging, bread packaging, and metallic BBOP packaging used for candies because those carries a better margin.

Although Tguan is spending alot on expansion, but on an absolute scale, they're gradually becoming a smaller and smaller player as the market consolidate so that is going to be something you need to think about.
04/10/2019 10:40 AM
Fabien "The Efficient Capital Allocater" Tguan is the survival of the fittest. as the industry consolidates, only the best, efficient and well-managed, will survive. due to its small size, tguan unable to expand as in Scientex through acquisitions , but there's potential for the company to achieve that scale.
04/10/2019 11:50 AM
EatCoconutCanWin Buy in tp4.88
04/10/2019 11:50 AM
Ricky Yeo I'm not quite sure why they can't do what Scientex has done. Scientex only has a market cap of $700 mil in 2012, and their packaging business is probably smaller than what Tguan is today. So it has more to do with intention and strategy, less to do with inability. And scale is relative.
04/10/2019 12:22 PM
Ricky Yeo And let's do a thought experiment, to forecast when will Tguan reach market cap of 1 billion. Current market cap is $450 mil, or 45% to $1 bil.

Historically, TG payout ratio is around 20-30% of total earnings, or reinvestment rate of 70-80%. And historically, return on capital has been around 9-12%, so one would expect the revenue growth rate to be 8-9%. Historical growth rate is much slower (5% +/- p.a), but net income has been a lot faster.

So if future ROC remains more or less the same, then you would expect TG to hit $1 bil market cap at around year 2028.

There was a news in 2016 (https://klse.i3investor.com/blogs/ss2020_TGuan/99307.jsp) where TG targets $1 billion market cap in 3-5 years time, or hitting that target between 2019-2021, which is unrealistic and nonsense.

And if one read the news carefully, the management explains "the market gives us a very low valuation". So he is pinning on the prospect that the market can ascribe a higher valuation aka higher P/E, then of course you can easily hit $1 bil, if suddenly the market gives you P/E of 15-20x instead of the current P/E 8x. That is why "Ang believes that a PER of 15 times for Thong Guan “is not asking too much”

Then the question comes back to why the hell is the market only giving TG 8x instead of 15x?

It goes back to the ROC of TG. Why would the market give a 15 PE when the ROC is around 9-11%? Given the logic that if Scientex's ROC is 14-15% with a PE with 13, why should market give the same PE to TG when their ROC is way lower?

So again, if TG wants to get to $1 bil before 2028 as I would estimate, lift their game, don't blame the market. Lift their ROC to increase growth rate, and market will start giving higher PE. Simple as that.
04/10/2019 12:59 PM
Fabien "The Efficient Capital Allocater" yes agreed the management has been overly optimistic in the past. they should have learned from their past mistakes. the restaurant business has been a drag. i never understood the rationale for this venture.

whether market gives PE of 8x, 10x or 15x is beyond their control. they just need to focus in increasing their ROE and let the market do its work.
04/10/2019 1:16 PM
Ricky Yeo Of course I can always be wrong, but I'm interest to find out why the fair value should be $4-5 (or market cap of 630-800 mil), or PE of 11-14x, and not what it is right now?

And for the 10 years record, TG's PE ratio has only exceeded 10x once, in 2014, to 13x, because their business took a dive. Otherwise, their PE has never gone into 11-14x territory, which again simply because their ROC has remain at the same level. Of course the market can suddenly get excited on TG and push their PE into 11x or more, but is that the game you want to play? Against the odds of 10 years track record?

If you're not going to 'gamble' on the odds that the market will suddenly get excited, being the probability is relatively small for that to happen, even smaller if you're a trader with short investment horizon, then the next thing you have to look at is TG's ROC. So what's the probability for TG to improve their ROC so market can give a higher PE? Higher growth? Growth is only good if it exceed opportunity cost.

Something to think about.
04/10/2019 1:29 PM
Fabien "The Efficient Capital Allocater" if i can recall correctly, when they used to do margin of 6-8% their PE hovers around 9-10x

anyway, what is important is forward looking, management is continuously investing in R&D to improve its profit margin.

last 2 years, despite top line growth, bottom line was affected due to margin compression.
04/10/2019 1:38 PM
cheoky Ah guan tolong makan tongkat Ali and Naik kuat kuat
04/10/2019 5:05 PM
yfchong Tak tau lah. Ada orang goreng ke.?
05/10/2019 11:28 AM
yfchong Resin price or demand growth in the picture..
05/10/2019 7:25 PM
Value Investor Coo1eo See you at 7
06/10/2019 8:03 AM
popo92 Its so wrong to calculate fair value by merely using educational ROC or PE here. Scientex is well known of earning decent profit on its property business, even tough revenue of property sector only contribute around 20-30%, its can contribute 50-70% bottomline. Looking at how thin its profit margin on plastics manufacturing (below 10%), i argue Scientex expansion into higher value chain is bearing any fruits, for now. I am not criticising Scientex for over consolidate the FFP industry or diversify into property developer, nor blaming tguan for focusing their immutable business. In fact, tguan try few little steps which fail (organic noodles, opening healthy meal restaurants and etc) but their target to hit one billion market cap between 2019-2021 is not completely unrealistic and nonsense, in my opinion. They calculate in with their overall output of 220,000tonnes (basically in line with expectations) with overall market price predicted which can convert into 1.5billion revenue. But they fail to predict the compressed margin and market price for these products, which market cycle may reverse either way i do not know. But with recent polyethylene and polypropylene price depressing and local region flooded with new supply, plastics packaging industry should benefit theoretically. They are in position getting relief on compressed margins, while still expanding on capacity to snatch market on export earning stronger usd. Earning follow by?
06/10/2019 9:55 AM
Ricky Yeo I'm not quite sure what you're trying to say here. What does $1.5 bil revenue estimate has anything to do with $1 bil market cap?

Again margin compression or not is not even the issue here. It is like saying gloves companies are affected by rubber price. Of course they're. The point is Tguan is going to find it hard to earn an abnormal return because they have little to no competitive advantage, which is why their ROC sits at around 10%. And I don't see that changing for the mid-long term, which means it will take another 10 years for them to hit $1 bil market cap.
06/10/2019 12:43 PM
Rodrod So is a buy or not to buy?
06/10/2019 2:39 PM
popo92 Ricky Yeo, they estimated with 7% margin bottomline with $1.5bil revenue. They might be too optimistic but somehow before Q4 17, it managed to maintain quite a long time. I am not telling you i agree with the 1 billion market cap target, just sharing with you how management derive their target price based on their target output on capacity hence others follow by. Also, i don't feel its appropriate to compare what our gloves business with our local plastics packaging business as case study. They have different story on market cycle and also competitive advantages, period. I wouldn't bet on how long it takes them to get $1bil market cap but i cautiously believe ROC for tguan would be higher than 10% in short-mid term.
06/10/2019 5:12 PM
Ricky Yeo I get what you mean with $1.5 bil revenue. But revenue has little relationship with market cap. You can have a $500 mil rev. company with $1 bil market cap as well as a $2 bil rev. company with $500 mil market cap.
06/10/2019 6:52 PM
GLNT Everyone, please sell Tguan, Scientex is the best. Go to a Scientex forum. Thank you very much.
06/10/2019 7:16 PM
popo92 Ricky Yeo, > 220,000tonnes with $1600 * (4.20) = approximately 1.5bil revenue, with 7% margin = approximately 100million, with p/e at 10. Every above prediction is not what i made out from nowhere, it's from tguan ceo alvin. Go and scroll back old news....
06/10/2019 9:01 PM
gladiator Stop fighting just watch the price move up.
06/10/2019 10:47 PM
Thkent91 uptrend already. quarrel for what? It's TA trigger into OTB and KYY alert list liao. buy signal for them already there. now wait goreng until mother cannot recognize only
06/10/2019 10:52 PM
Ricky Yeo That's my point, does every company that earns $100 mil deserve $1 bil market cap? No.
07/10/2019 8:22 AM
PotentialGhost Who care your point Ricky? Who are you ? Hmmmmmm...
07/10/2019 8:31 AM
Ricky Yeo Of course no one cares, so you shouldn't reply to me. Unless you've something great to say.
07/10/2019 8:35 AM
popo92 Good Ricky Yeo perhaps you are right, Let's us observe how Tguan is doing.
07/10/2019 9:18 AM
chl1989 i am buying for mid term. coz polymer prices will go lower and lower. especially after Rapid plants start up.
08/10/2019 11:15 AM
chl1989 easily go back to rm3.5
08/10/2019 11:15 AM
yfchong Uncle Koon holds tguan?
09/10/2019 12:57 PM
chankp7010 KYY is buying Tguan. See his report "Recommending stocks to me" by KYY dated today.
09/10/2019 4:35 PM
Kai Shien Ks lol KYY can change so easily in 1 month time
09/10/2019 6:57 PM
sell Warrant convert at 1.5 can make big gain sell tomorrow?
09/10/2019 8:41 PM
sell 09-Oct-2019 Additional Listing Exercise of Warrants - 1,638,523 shares at 1.500.
09/10/2019 8:42 PM
sell Downtrend back also want to cheat?

Posted by Thkent91 > Oct 6, 2019 10:52 PM | Report Abuse
uptrend already. quarrel for what? It's TA trigger into OTB and KYY alert list liao. buy signal for them already there. now wait goreng until mother cannot recognize only
09/10/2019 8:43 PM
yfchong When goreng leh.....
10/10/2019 11:44 AM
chl1989 i can assure u that coming quarter will be superb
10/10/2019 7:27 PM
Ncm88 Con lan firm next QR will be excellent .
10/10/2019 7:51 PM
chl1989 polymer prices continue to drop. buy more
11/10/2019 12:35 AM
yfchong Dun know lah... Just wait n see..
11/10/2019 9:31 AM
yfchong Coming quarter
11/10/2019 9:45 AM
ivanlau forward eps will be 36, fair value price of tguan will be RM 3.25 - 3.50
11/10/2019 7:57 PM
yfchong If plus some goreng that will be the fair price..
11/10/2019 8:14 PM
Davidl Back to 4.00 by end of 2020
13/10/2019 3:18 PM
yfchong Ah guan ah guan..... how r u...
13/10/2019 7:33 PM


 

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