TGUAN 24/3/2014
TGUAN 24/3/2014
WILL TGUAN BE THE NEXT SCIENTAX??
CAN THE TGUAN OVERRIDE THE LOW GROSS PROFIT MARGIN?
DOES THE PROPOSE LOAN STOCK A KIND OF AWARD TO SHAREHOLDERS?
CURRENT PROPOSED:
- 8 CENTS DIVIDEND WILL BE EX DATE AROUND JULY 2014 (REFER TO PREVIOUS YEAR EX DATE)
- 1 RIGHT (LOAN STOCK 5%PA RM1-00) FOR 2 EXISTING SHARES ; AND
- 2 RIGHT (LA) AWARDED 1 FREE WARRANT (EXERCISE PRICE RM1.50)
PERSONAL VIEW:
IF BOUGHT AT MONDAY AT PRICE RM2.06 ( PE = 7.7, NTA RM2.75 , EPS = 0.2673, GEARING RATIO = 0.17 )
IF TAKE THE LOAN STOCK OFFER:
BOUGHT 4 LOTS = 4,000 UNITS X RM 2.06 = RM 8,240
ENTITLE : 2 RIGHT LOAN STOCK RM 1.00 = RM 2,000
FREE ATTACHED 1 WARRANT
WHILE CONVERTION OF LOAN STOCK IS 1 LA = 1 TGUAN SHARE. ( IF SHARE PRICE HIGHER THAN RM1, THEN PROFIT)
WARRANT CONVERTION IS RM1.50 ( IF MOTHER SHARE PRICE HIGHER THAN RM1.50, THEN = PROFIT)
FIRST 30 MAJOR SHAREHOLDERS 67.33%
|
FINANCIAL YEAR ENDED 31 DECEMBER
|
2008 (‘000) |
2009 (‘000) |
2010 (‘000) |
2011 (‘000) |
2012 (‘000) |
2013 (‘000) |
|
|
REVENUE REVENUE GROWTH % |
564,558 |
408,778 -27.59% |
488,599 19.52% |
540,013 10.52% |
631,193 16.88% |
720,261 14.11% |
|
|
EBITDA (EARNING BEFORE INTEREST, TAX, DEPRECIATION, AMORTISATION) |
20,632
|
34,013
|
37,820 |
44,821 |
46,479 |
49,792 |
|
|
GROSS PROFIT MARGIN (%)
|
6.78 |
12.60 |
11.63 |
12.01 |
10.97 |
10.48 |
|
|
PBT (PROFIT BEFORE TAX) |
3,815 |
18,541 |
22,659 |
28,058 |
29,298 |
31,868 |
|
|
PAT (PROFIT AFTER TAX) |
4,646 |
15,161 |
19,795 |
27,126 |
27,998 |
28,784 |
|
|
TOTAL ASSETS NET ASSETS PER SHARE (CENTS)
|
297,774 182.22 |
288,998 194.29 |
323,176 205.99 |
368,497 231.05 |
394,035 251.60 |
447,306 275.00 |
|
|
TOTAL BORROWINGS GEARING RATIO (TIMES)
|
55,485 0.29 |
22,539 0.11 |
29,397 0.14 |
38,760 0.16 |
42,627 0.16 |
49,656 0.17 |
|
|
SHAREHOLDERS’ EQUITY RETURN ON EQUITY (ROE%)
PAR VALUE (RM) |
191,705 2.42
1.00 |
204,407 7.42
1.00 |
216,711 9.13
1.00 |
242,088 11.17
1.00
|
261,759 10.40
1.00 |
289,471 9.72
1.00 |
|
|
RETURN ON ASSETS (ROA%)
|
1.56 |
5.25 |
6.13 |
7.36 |
7.11 |
6.33 |
|
|
EPS (CENTS) (EARNINGS PER SHARE) |
4.42 |
14.41 |
18.82 |
25.7 |
25.87 |
26.73 |
|
|
PRICE / EARNINGS P/E RATIO (TIMES) |
16.9 |
5.34 |
5.1 |
4.47 |
5.18 |
7.85 |
|
|
DPS (CENTS) (DIVIDEND PER SHARE) |
2 |
4 |
5 |
6 |
7 |
8 |
|
|
DY RATIO (%) DIVIDEND YIELD RATIO |
2.67 |
5.19 |
5.21 |
5.22 |
5.22 |
3.81 |
|
|
SHARE PRICE AS AT 31 DECEMBER (CENTS) |
0.75 |
0.77 |
0.96 |
1.15 |
1.34 |
2.11 |
|
|
SHARE PRICE AS AT 21/3/14 |
|
|
|
|
|
2.07 |
|
|
HIGHER PRICE 6/2/2014 |
|
|
|
|
|
2.51 |
|
|
BONUS DATE |
5 FOR 4 12/4/2002 |
1 FOR 2 19/1/2005 |
|
|
|
BEEN 9 YEAR NO BONUS ISSUE |
ABLE TO ISSUE BONUS 2 FOR 1 |
|
CASH PER SHARE |
0.12 |
0.37 |
0.52 |
0.36 |
0.75 |
0.67 |
|
|
|
|
|
|
|
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4.9 / 5.0
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....
pradeep
Ckleow79 this stock will become a daring stock very soon. The fundamental are good and I am collecting.This type of opportunity not everyday. It is also undervalued stock. Gearing is also low , dividend is good, what else do we want. I believe it will retest the 2.50 Target and thereafter will go higher.Let us be positive.
2014-03-24 13:40