Tong Herr Resources Berhad Company
Business Description:
Tong Herr Resources Berhad. The Group's principal activities are manufacturing and selling stainless steel fasteners. Products include nuts, bolts and screws and all other threaded items. It also operates as an investment holding company. Operations are carried out in Malaysia and Thailand. The Group distributes its products to Asia, Europe, North America and other countries.
Wright Quality Rating: LAC0
A quick look at Tongher
http://spreadsheets.google.com/pub?key=tfz75IeJ7n6inThzlEPxfMg&output=htmlThis is a cyclical stock. Its industry is down with the poor economy. However, its balance sheet is strong. It has turned in profits for the last 2 quarters. It has cash equivalent of RM 155.331 million and this equates to cash of RM 1.22 per share.
Shares Outstanding: 127.43 million
Closely Held Shares: 77.320 million
The majority shareholder can take this company private by paying the minority shareholders with the company's cash!
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