Posted by auditorandconsultant > 2021-04-13 10:03 | Report Abuse

@Pinky,


Get a CA is useful.

I am a CA doing Audit, Advisory, Consulting and now even doing brokerage business in gloves.

By the way, Bursa Malaysia is good place to earn money...

My next counter, I will HOOT9E and ALL FULL LOAN again

Posted by chengcheekaan > 2021-04-13 10:03 | Report Abuse

If market sentiment behave logically, we will not have chance to buy super undervalue stocks. Cheers

Posted by Pinky > 2021-04-13 10:04 | Report Abuse

@auditorandconsultant those unker and auntie traders usually go

"Wah, XXX gives BONUS shares...buy buy buy!!!"

Little do they know that it's practically just cutting your mooncake (that you already own) into smaller slices. So, instead of owning A PIECE of mooncake, you own 4 or 8 slices of mooncakes. Duh...dumb aunties and unkers XD

Posted by Pinky > 2021-04-13 10:06 | Report Abuse

@chengcheekaan shhhhhhhh quiet XD

Posted by auditorandconsultant > 2021-04-13 10:10 | Report Abuse

HAhaha

When ppl keep telling me Technical Analysis and TA chart, I am also laughing out loud non stop.

It is like "Ma Hou Pao".....hahahhahahaha

But thank to those TA Expert, because of them many go to HOLLAND, then we can harvest them easily

Posted by LossAversion > 2021-04-13 10:11 | Report Abuse

@Pinky, i am a dumb uncle, but dont look down on those dum aunties. It depends on shares. Look, expensive shares like Scientex and PPbank would give more opportunities for play if there is bonus issues.....and eventually the value of 8 slices and grow higher in value towards more than the original 1 piece!!!

Posted by auditorandconsultant > 2021-04-13 10:23 | Report Abuse

@Pinky


Do not laugh at Uncle Aunties la,

We help to educate more ppl and we help one another to earn money.

Posted by auditorandconsultant > 2021-04-13 10:38 | Report Abuse

@LossAversion,

MY advice to you is:

1) to avoid buying Scientix as it is very overvalued. Not worth to put your money there. There are other better options and choices.

2) to avoid buying PBB as it is overvalued also. PBB is undoubtedly a good stock but it is not a stock potentially will be growing over the years anymore. Study Life Cycle for Stocks and Products, then you will understand what I meant.

Remember, there are many good counters undetected. Go and do some research.

Posted by Pinky > 2021-04-13 11:04 | Report Abuse

Yea, with super blue chip stocks like PPB, you are practically relying on it to beat/match inflation

Good for rich unkers to retire on its dividend income

For young investors like us who want to grow our wealth, it's not a good stock

Posted by Lanmum > 2021-04-13 13:57 | Report Abuse

Hi pinky, i saw ur comment that you are into Ta ann. Ta ann is better in lumber? and in 100%. Im looking at wtk.

Posted by Lanmum > 2021-04-13 14:00 | Report Abuse

@ auditorandconsultant, kindly leave a message here if you hoot next. So that we can follow you. Thanks ar.

Posted by Pinky > 2021-04-13 14:01 | Report Abuse

@Lanmum I can comment on Ta Ann vs WTK because I have a fellow investing friend who likes WTK.

I prefer to invest based on actual numbers.
My friend prefers to invest based on expected numbers.

I prefer to invest in companies that already shown profits.
My friend prefers to invest based on expectation of future profits.

I only invest in companies that pays dividends that at least matches FD rates.
My friend prefers aiming for super price growth.

Judge yourself. :)

Posted by Lanmum > 2021-04-13 14:11 | Report Abuse

Oh. I attracted to wtk other business segment beside cpo and lumber. Thats is tape.

Posted by Pinky > 2021-04-13 14:18 | Report Abuse

@Lanmum I see WTK's accounts, I don't have appetite hahaha

Sometimes black, sometimes red

I never go near such stocks

Posted by auditorandconsultant > 2021-04-13 15:01 | Report Abuse

Based on my preliminary assessment, I will never touch WTK nor Ta Ann.

Both of their performances could not meet my assessment criteria.

I would rather invest else where.

Posted by LossAversion > 2021-04-13 15:04 | Report Abuse

@Posted by auditorandconsultant > Apr 13, 2021 10:38 AM | Report Abuse
No worries, this Uncle is very DIVERSIFIED....

Posted by Lanmum > 2021-04-13 15:06 | Report Abuse

yes, i understand

Posted by auditorandconsultant > 2021-04-13 16:02 | Report Abuse

@LossAversion,

I do not understand why you are quoting my name above but I am not the one who posted :this "Uncle is very DIVERSIFIED"

Posted by auditorandconsultant > 2021-04-13 16:33 | Report Abuse

BAsed on the records above,

I only advised you in respect of Scientix and PBB. That's all.

I am confused.

"This Uncle" is referring to you? Is it?

Posted by CHONG Kong Hui > 2021-04-14 12:39 | Report Abuse

@LossAversion @Pinky, i am a dumb uncle, but dont look down on those dum aunties. It depends on shares. Look, expensive shares like Scientex and PPbank would give more opportunities for play if there is bonus issues.....and eventually the value of 8 slices and grow higher in value towards more than the original 1 piece!!!
13/04/2021 10:11 AM


@LossAversion addressed himself as "uncle".

Both using almost same material....
Karex overvalued?
Glove overvalued?

CNI is definitely overvalued at PE 246 now.

Posted by TheGardener > 2021-04-14 14:12 | Report Abuse

Hahahaha! Syndicate, low volume! Please create volume! No volume, where can you find dumb dumb buy please!? Please dont let me know you can hike with this volume!

Posted by TheGardener > 2021-04-14 14:35 | Report Abuse

Syndicate you really my pet dog! I ask you create volume then you start queue 230pm! Hahahahahaha! Enjoy! Pop Corn Time!

Posted by TheGardener > 2021-04-14 14:39 |

Post removed.Why?

Posted by TheGardener > 2021-04-14 14:49 |

Post removed.Why?

Posted by scottsytong > 2021-04-14 22:12 | Report Abuse

@auditorandconsultant

By the way, Bursa Malaysia is good place to earn money...

My next counter, I will HOOT9E and ALL FULL LOAN again

----

下个counter带上我啊老哥！

Posted by chengcheekaan > 2021-04-15 13:21 | Report Abuse

https://cheekaan.wixsite.com/ckinvestmentblogmy/post/my-1st-purchase-in-year-2021-7034-tguan

Not a buy/sell call, just reasons why I bought TGUAN

Posted by TheGardener > 2021-04-15 15:39 | Report Abuse

Syndicate, please show your power! Create volume please! Volume so low, how to hike please?

Posted by TheGardener > 2021-04-15 16:00 |

Post removed.Why?

Posted by xuxu > 2021-04-16 11:36 | Report Abuse

It is time to add this boring yet beautiful stock now hehe

Posted by auditorandconsultant > 2021-04-16 17:50 | Report Abuse

After 2-3 days of creating negative market sentiments or triggering anxiety among the retail investors, Syndicates have finally decided to push up slightly.

For those whose entry price is low, congratulations because you are going to earn big money from Thong Guan soon. Remember, look at last year Dividend Declaration plus its positive sentiments.

For those whose entry price is not too low or for new joiners, do not worry and be more confident in Thong Guan. With Thong Guan's future development plan and potential declaration of dividends in the next few months (like marathon or same like last year), the positive effect will be eventually reflected in the share price which will spike non stop from month to month.

I strongly believe and hope that Thong Guan will make surmountable returns to investors because Mr. Ang See Ming is someone who is forward looking and taking care of minority shareholders based on my understanding and trust built since many years ago.

Continue to hold till May and let's witness the victorious moment together.

Next week, the momentum of the increasing trend for Thong Guan's share price will be even more and more obvious.

Remember, when you are worried, stay away from the computer and stop looking at the screen. Keep on monitoring price with weak perseverance will result in you, selling your shares too early.

HUAT CHAI everyone. Let's us HUAT CHAI from next week onwards. The increasing trend is believed to be continued till September 2021 but I am not advising you to hold till that time.

Make your own judgement and make money together...OKAY...

FYI, Thong Guan is my only portfolio, my fund is 100% in Thong Guan.

I have already identified a good stock and will GO FULL LOAD once the price hit my Targeted Entry Price. This stock is very very much undervalued and has the potential to grow exponentially in 2-3 years and could result in substantial return even for a short term investment.

Stay Tuned. 基本面价值投资是王道。重仓是我的投资路线。我全部钱都往通源投资了。富贵稳中求。稳坐钓鱼台。

以上是我的观点，若有得罪之处或不对，请多多指教，感恩。By the way, I am still learning. If I have spoken anything wrongly, do let me know, correct me, educate me and enlighten me. I will be pleased to know more

Posted by Kai Shien Ks > 2021-04-16 18:49 | Report Abuse

haha u really love to share a super long story. But great sharing btw!

Posted by CHONG Kong Hui > 2021-04-16 22:35 | Report Abuse

I have sold all TOP GLOVE and SUPERMAX a day before it shot up yesterday.

I was scared by the Down Down Down.

But for TGUAN, I have hold it from 2.30 to 1.95

Different confident level.

Posted by LossAversion > 2021-04-19 08:55 | Report Abuse

TGuan - My favourite stock to hold on to now.

Posted by Pinky > 2021-04-19 16:25 | Report Abuse

huhuhu steady la TGUAN

Posted by danise22 > 2021-04-20 14:18 | Report Abuse

Tguan issue esos AGAIN! Should work for this company instead

Posted by TheGardener > 2021-04-21 03:36 |

Post removed.Why?

Posted by auditorandconsultant > 2021-04-21 08:15 | Report Abuse

Hoping for the best outcome in May 2021.

Everything is possible. Look at how Kossan rewards its shareholders.

My gang will continue to collect on dip and continue to hold Thong Guan.

Remember QR result will be released in May 2021. We are very optimistic.

We do believe that Thong Guan share price should be able to fly above RM3.00 very soon.

Hope that everyone is positive and waiting for good returns ahead.

If you checked the movement and volume of the transactions yesterday, the movements seemed to indicate that the sales and purchases were done deliberately by the Syndicates.

Stay positive and hold and do not get affected. We will see everyone at price above RM3.00 hopefully.

HUAT CHAI.

Posted by Pinky > 2021-04-21 08:38 | Report Abuse

suara orang yang dengki...

which part of "ESOS" that those goons don't understand? It is to REWARD loyal and performing employees, and to tie employee efforts to company earnings and share price performance.

Katak bawah tempurung and kampung goons will never understand what leaders do...

Posted by sharegain > 2021-04-21 09:57 | Report Abuse

Thong Guan Industries Bhd (Fundamental BUY with TP 3.40)

• We are positive on Thong Guan Industries Bhd (TGUAN) for the expansion to its existing premium stretch film line for higher volume growth with value added products for margin expansion.
• Sitting on a robust balance sheet and hefty net cash position of RM147.4m, we recommend BUY with a target price of RM3.40 based on 14.5x FY21 PER, as per the 5-year average valuation of industry players.

• TGUAN is the world’s top 10 stretch film producer with production capacity of >150,000MT/annum. For FY20, over 90% of sales are underpinned by plastics products (stretch films - 45%, industrial bags - 16%, garbage bag - 16%, courier bag - 6%, PVC food wrap - 5%, compounding - 1%). TGUAN has built a strong presence in the export market (over 80% of revenue) and is the top garbage bag supplier to Japan conquering 12% of market share, testament to its stringent product quality control.

• The packaging industry in Malaysia has over the years undergone consolidation, especially within the plastic packaging industry (eg Scientex’s acquisition of Great Wall Plastic, Klang Hock Plastic, Daibochi Bhd). In effect, the elimination of competition has enabled TGUAN access to new clients where previously was not possible.
• To this extent, TGUAN have been striving to move up the value chain since 2016 coupled with the setting up of its own R&D centre. Its premium Nano stretch film which garners higher margin than the conventional film has been gaining good traction and the Group plan to add additional four lines progressively till year 2023, with potential additional revenue of RM80m-RM100m per line, representing ~10% of present revenue each line.
• Expansion plan is in the pipeline for the next 5 years, with an estimated yearly CAPEX of RM30m – RM40m. Next growth driver will lie on courier bags, which the Group is looking to double up capacity due to encouraging orders from U.S. giant e-commerce customers. Other expansion plans include additional 10 lines of premium blown film, 10 new lines of PVC food wrap, and new manufacturing facilities in Myanmar (targeting annual revenue contribution of ~RM150m).
• TGUAN operates based on cost-plus pricing strategy and is able to increase selling price in the case of rising resin prices, while the time lag effect in selling price adjustment could lead to near term margin expansion.
• Historically, the Group has been paying at an average dividend payout ratio of 25% since 2017, giving a projected yield of 2.4% in FY21.

Posted by auditorandconsultant > 2021-04-21 11:38 | Report Abuse

Regarding the exposure or risk to Myanmar’s Expansion project, please do not worry as we have not heard of any negative news and we believe the plan will resume to normal once the political stability is attained soon in Myanmar.

From economy point of view, no country leader would want only power at the long term expense of its country’s productivity. As such, once Myanmar’s peace is restored, Thong Guan’s plan will be carried out accordingly.

Thong Guan has earmarked RM150mil as capital expenditure (capex) for year 2021 and 2022 to expand its business in Malaysia and overseas. Of the planned capex, the packaging firm said it would invest about RM30mil to RM40mil to build a new plant in Myanmar. The remainder would be used for its Malaysian factory lines to produce stretch films and specialty mailer bags, as well as to install machinery for the manufacturing of food and beverage packaging products.

Do not worry as the exposure to the failure in Myanmar’s plant expansion is only up to around RM40 million. The risk of the plan being abandoned is nearly zero as explained in the above 2nd paragraph.

Instead of worrying about the abandonment of Myanmar’s plant expansion, why not we think of the good consequences from economic perspective plus expansion plan in Malaysia?

The main lure of Myanmar is the country’s status as a developing country, which would allow Thong Guan to enjoy zero-tariff privileges for its exports. Importers don’t need to pay any duty for the goods they buy from Myanmar; whereas if the goods are produced in Malaysia and they are heading to the United States, the importers over there would need to pay a 4.9% tariff. European importers, on the other hand, would need to pay a 6.5% tariff for Malaysian-made plastic packaging products. In addition, he said, setting up a production plant in Myanmar would result in cost-savings for the company.

According to Datuk Ang, the group would save approximately RM1,000 per month for an average production worker, by citing the average monthly wage, including overtime pay, for a worker in Malaysia was around RM1,800, while in Myanmar, it was only around RM800.

With the group’s expansion plan, the group is confident of increasing its yearly output to 175,000 tonnes in 2021, up from over 150,000 tonnes in year 2020.

We believe Thong Guan is on track to achieve RM1bil in revenue in year 2021, as the two lines in which Thong Guan has invested earlier have started to make contributions. Earlier, the group had spent RM30mil for a stretch film production line and a blown film production line to manufacture laminated films that could improve its 2020 revenue by about 10% from the RM935mil revenue achieved in 2019.

Furthermore, the demand for food and beverage (F&B) products in Europe has increased. Because of the Covid-19 pandemic, more people are buying from supermarkets to eat at home. This has resulted in the rise in demand for stretch films used for wrapping pallets of F&B goods heading to Europe. In the domestic market, we also see an increase in the use of laminated packaging materials for wrapping F&B products. The European market has contributed about 10% of the group’s 2020 revenue. The market in Japan also showed no signs of slowing down and showed around 20% of 2020 revenue.

According to a Research and Markets report, the global stretch and shrink film market size is expected to reach US$21.72bil by 2027, exhibiting a 5.5% compounded annual growth rate for the 2020-2027 period. Rising demand for lightweight material for industrial packaging is expected to drive the growth. Factors such as superior packaging properties, improved printability, easier application and robust package sealing capabilities of the films are anticipated to further fuel the growth. The introduction of superior shrink and stretch film materials, such as linear low-density polyethylene, extended polyethylene and high-density polyethylene is expected to strengthen the pallet further holding abilities of the films.

We are very optimistic about performance of Thong Guan in this upcoming quarter result due to
1) more premium product mix,
2) favourable exchange rate for its export sales
3) lower raw material cost due to the use of Nanotechnology and willingness of customer to absorb the cost partially

We are also optimistic about the restoration of political stability in Myanmar which is expected to happen very soon. We also trust in Thong Guan’s ability to turn their CAPEX for expansion in Malaysia’s plan into revenue. Do not forget about the plant in Sungai Petani which is expected to be completed and in full force operation by year 2026.

Due to so many good factors above, we have no doubt to hold Thong Guan shares and we believe the share price should be able to go up to around RM3.50.

Disclaimer: Buy or Hold or Sell at your own discretion.

Posted by Pinky > 2021-04-21 11:54 | Report Abuse

Going up by steps...

First 2.30 is cleared...
Then 2.40 is cleared...
Now at 2.50...

Its on an upward trajectory

Posted by auditorandconsultant > 2021-04-21 11:57 | Report Abuse

@Pinky,

Are you joining us to hold till RM3.50 around?

We are very optimistic because we know TG for many years already.

The top management in Thong Guan is very very capable.

No doubt one. By 2026, the share price would be even multiplied.

I believe Thong Guan is a multi baggar. 开番的日子快到了，期待。

Posted by Pinky > 2021-04-21 13:13 | Report Abuse

@auditorandconsultant I confirm won't exit below 3.00

Posted by Lanmum > 2021-04-21 13:50 | Report Abuse

@auditorandconsultant, RM3.50 can only be reach after 3QR21?

Posted by marky2kalpha > 2021-04-21 17:42 | Report Abuse

RM 3.40 still considered low price ...should more than that ....keep tight hold tight !!

Posted by Bgt 9963 > 2021-04-21 17:46 |

Post removed.Why?

Posted by Maxpowar > 2021-04-21 21:16 | Report Abuse

Not selling this stock no matter what price, this counter is a potential multibagger..

Posted by Lanmum > 2021-04-22 07:42 | Report Abuse

Im curious, why less people no interest in this counter. Under growth or over growth jor?

Posted by auditorandconsultant > 2021-04-22 07:54 | Report Abuse

@Pinky, good choice. Let's us wait till RM3.50 and huat chai together

@Lanmum, to be honest, I am not a GOD but I can foresee that there will be a strong Positive Sentiment to trigger positive market response due to the announcement of Quarter Result in May 2021, potential dividend declaration in May 2021 and subsequent months (refer to last year)

RM3.50 can reach or not before or after, I could not tell. But I can assure you that our gang will not sell below RM3.00 at this juncture. We will observe the economic condition everyday to make decision.

@Maxpowar, you are right Thong Guan is definitely a Multibagger. Please take note on the potential listing of Thong Guan's F&B line of business. To achieve synergy and to obtain efficiency in resource allocation, I do not think it is impossible for Thong Guan to undergo Internal Reorganisation (IR). If IR happens, existing shareholder of Thong Guan will be rewarded accordingly, such as redemption of shares of Thong Guan at higher price to complete the IR.

Posted by auditorandconsultant > 2021-04-22 07:56 | Report Abuse

Let's us hold our tickets tightly.

My prophecy is that Thong Guan share price will hit and close price around RM2.60.

I hope that everyone will be holding tightly the tickets and for those who want to buy can buy if their risk appetites allow so.

Pray for the closure of share price at RM2.60

Huat Ar