Result ok woh

we have been here until beard grows long and white

see my photo ?

sian already.... hopefully can harvest soon

ooi, you use my name please don't quarrel with so many people, I don't want to be run over by Mercedes when I walk on street

ewint-warrant wait for 30 sen

I will sell and fly to London take a look

never been there before

but anyway, we welcome more people like you to join the market

without stupid fishes, how are we fishermen going to benefit ?

do you know that you are gambling, not investing ?


Posted by zendrya2 > Nov 28, 2019 5:32 PM | Report Abuse

Oh fr*ck I missed the top up opportunity. Average .89 been holding until now, thought can top up once I sold armada. Also KNN puk* Pb Bank again, everytime I hold something nice they must go do something stupid like HOLD or SELL even when there is nothing wrong.

Yes.

Next few quarters will grow as it benefits from stronger demand of semicon equipment

Vietcong very cunning

I made a tactical retreat at 140

Sorry I Cannon behind horse

All these ROIC thing nonsense

Look at Dufu, UWC, MI, etc

What is their ROIC ? How much are their PE ?

Get my point ?

Reasonable result

I bought more this morning at 270

Happy to Long term hold

Profit grows

Excellent

This is just the beginning

So bullish... result very good ?

If you need to micro manage your investment like that, either something wrong with you or something wrong with your stock

Neither one is good

Herbet is going to spend next few months cursing and scolding layhong

Polluting the forum

Herbert in deep chicken shit

good result

I bought some when it was 45 sen

now got chance to recover

read this article to find out more :

https://www.thestar.com.my/business/business-news/2019/07/01/thong-guan-to-spend-up-to-rm40mil-on-expansion

one of the biggest pleasant surprise of this quarter is their revenue posted huge gain

so it is not only benefiting from margin expansion due to low raw material cost

something positive is happening on the ground

in this article dated 1 July 2019, Thong Guan mentioned growth potential in Latin America

"The group is also working on penetrating into new markets in Latin America, and the US. “There are countries in Latin America who prefer to source stretch film and garbage bags from Asian countries."

what should I believe ? ROC ? or the business details as given to us by Thong Guan, backed by sterling set of results ?

For at least three to four years already, Thong Guan's boss has been consistently talking about Capex and growth for the coming years (and he kept on delivering). You don't make this kind of statement and planning unless you believe the industry is healthy and the prospects is good. Thong Guan boss is very savvy. The fact that he has always been happy and positive is indication that he is confident of the growth prospect.

as an expert in the industry, he must have known something we don't know and Ricky doesn't know

Please note the following :

"With the additional capacity coming on stream and the continued expansion of the courier bags and other product divisions, the Group is optimistic to continue its upward trend in sales volume and profitability. Barring any unforeseen circumstances, the Group expects to continue its growth plans for all its business units. "

The boss sounds happy and positive, a big contrast to the bleak assessment of Ricky Yeo

who should I believe ?

the following is Thong Guan comment of its prospects as set out in quarterly report :

For the current quarter ended 30 September 2019, the Group recorded a very encouraging double digit growth in revenue and profitability. The world economic condition is expected continue to be challenging and has impacted the growth of the plastic packaging sector. This has jeopardised the sales growth of the Group to its existing customers and its pace of market expansion. Despite this, the Group has been working hard and has concrete plans to look for new customers and markets for its products.

The Group has completed commissioning its fourth premium stretch film production line, a new blown film extrusion line and its 11th PVC food wrap line during the quarter. With the additional capacity coming on stream and the continued expansion of the courier bags and other product divisions, the Group is optimistic to continue its upward trend in sales volume and profitability.
Barring any unforeseen circumstances, the Group expects to continue its growth plans for all its business units.

sslee you have to learn NOT to micro manage

get the big picture right, and let go of the smaller issues

otherwise you won't be able to move

it is called Paralysis by Analysis

to be honest, I never check woh (will be surprise if YTL spend so much money without take or pay)

but the article did mention "Guaranteed by Jordan government"

: P

https://klse.i3investor.com/blogs/icon8888/239564.jsp

15 sen now

those that have listened to my call and bought at 11 sen would have made 36% by now

just like that (click my fingers)

I sold ekovest in 2018 at huge loss

The series of RPTs are disconcerting

I do not want to have anything to do with them anymore

Choivo accusing David of pump and dump (again) ?

Well, Choivo accused me the same thing last time

Scientex PE 17 times

Market does give a good valuation to packaging companies

By vitue if strong prospective EPS and below industry average PE, Thong Guan is likely to go up further

My reasoning

We should be guided by fundamental

If PE multiple based on prospective earning is still Low, it has further upside

Holding my breath

Waiting for result

I am still holding

Not selling a single share

I believe in the great semicon Upswing

MPI will one day reach 14 or if lucky 15

CIMB analyst report dated 20 November 2019 sets Target Price of RM4.18 for Thong Guan :


(a) Benefited from lower raw material costs and strong US$-RM rate

9M19 core net profit jumped 62.4% yoy to RM44.0m, mainly due to i) a stronger average US$/RM exchange rate of 4.13 in 9M19 vs. 3.86 in 9M18, ii) continual fall in raw material prices since end-2018, and iii) RM2.4m pretax profit posted by its F&B division in 9M19 vs. RM2.1m pretax loss in 9M18. 9M19 revenue rose 9.5% yoy to RM703.4m due to higher export of its nano-layered stretch films and courier bags. The company did not declare an interim DPS, in line with our expectations.

(b) Higher 3Q19 sales a positive surprise

3Q19 revenue grew 11.7% qoq to RM256.5m, which was a positive surprise as the company had in the preceding quarter indicted that the ongoing US-China trade war could affect the sales of its films. Due to lower raw material prices during the quarter, 3Q19 EBITDA margin was at 11.3% compared to only 9.1% in 2Q19.

(c) Healthy balance sheet

As at end-Sep, Thong Guan had RM55.2m net cash or 31 sen net cash per share, which is equivalent to 10% of its share price. Amid the ongoing US-China trade war, Thong Guan had in 2Q19 indicated it would decelerate its 10-year RM650m investment plan to expand its capacity. In 3Q19, the company commissioned its fourth nano-layer stretch film line, its 11th PVC food wrap line, and a new blown film extrusion line. The additions were within our expectations.

(d) Raise FY19F EPS to reflect current low material costs

We raise FY19F EPS by 20.9% to reflect the lower raw material prices over the past few months. However, we maintain FY20-12F EPS as raw material prices could bottom soon after falling since end-2018. Thong Guan also faces sales growth risks if the ongoing US-China trade war escalates.


(e) Remains an Add, raise TP as we roll forward EPS

Our TP rises from RM3.90 to RM4.18 as we roll forward our valuation to 2021F, still based on 13x P/E, our target multiple for the packaging sector. The stock remains an Add due to its attractive valuation of 10.8x 2020F P/E. Stronger-than-expected export sales and strong US$-RM exchange rate are potential re-rating catalysts while rising raw material costs and worsening of the China-US trade war are key risks to our call.

Dumb dumb hold don’t move a muscle

It is free money for you

I don't like companies that biggest shareholder (the CEO) only holds 10%

he wont take care of the company

a lot of leakage to fatten himself

I bought at until margin burst

This is the kind of time when margin becomes very useful

I keep on telling people there is nothing wrong with margin

It is risk free money

I added more this morning

leno, my article says that you should invest in good foreign companies that can be held for real long term so as to enjoy compounded growth (I argue that such companies are rare in Malaysia, it is like looking for fish in desert)

I never ask people to punt forex, option, or speculative trade at foreign market

for those kind of activities, do it in Malaysia, if you want, so as to enjoy home advantage

I thought my article makes it very clear ?

this quarter strong earning despite ESOS expenses of RM2.3 million

exclude that, net profit will be RM18 mil (after factoring in tax)

if annualised, RM72 mil net profit

at current market cap of RM609 mil, PER is 8.5 times only

fair PE should be at least 12 times

meaning fair value of RM5.0

China can quell the unrest easily, when it wants to do so

worst come to the worst, crack down and curfew

the West will condemn, but they can't do other things

China is un-sanctionable now

it is too big

don't believe me ? ask Trump

can chase at this price, if you have spare cash

likely can go RM4 within few months

result is excellent, and is likely to grow further ahead due to additional of new production lines

Stupid kids

My friend told me basic pay is HKD 1,000 per day for these rioters

Those at the front get paid HKD 10,000 per day

Good very good

Next week 60

Next month 70

An investor’s job is to intelligently bear risk for profit

(Howard Marks)

Investing is not so much about buying good companies

It is about buying well

(Howard Marks)

Yes it is a gruesome company, but an awesome stock

55

He is the faked icon8888 lah

I am the real one

So upset that people use my ID

bought some @ 41