Posted by Phoebe > 2023-02-08 09:54 | Report Abuse

@Pua, My holding for Tguan is for 5 yrs which is according their expansion roadmap. I'm not sure what is a good entry point but I have bought some when it was RM 1.80-2.00. Beginning last year I park my order at RM2.20 for long term (resubmit every 30 days) and on number of occasion i managed to get at that price. I still park at RM2.20 now.....

Posted by PuaQW91 > 2023-02-08 17:19 | Report Abuse

Thanks for sharing , Phoebe. You have more than 15% paper gain in Tguan alrdy. Nice~
Then I look for RM2.20 to average ba if it really reached that price

Posted by All_in_2021 > 2023-02-08 20:30 | Report Abuse

Good price Phoebe. I bought at 2.4. Just started to follow this share..

Posted by Phoebe > 2023-02-09 13:41 | Report Abuse

For myself, i see no hurrry in accumulating more yet as I believed there will some opportunity to buy on weakness when they report their Q1'23 results due to the earlier reason mention...ie: electricity, water, labor, OT has increase and weakness of USD compare to 6 months ago.

Posted by PuaQW91 > 2023-02-09 14:09 | Report Abuse

I believe USD will become stronger again due to rising of commodity price and high employment rate in services industries

Posted by Phoebe > 2023-02-11 21:17 | Report Abuse

The rise in ICPT is hitting all manufacturing. My company electricity increase about 40% compare to last month bill but the news reported some manufacturing increase by 500%. Wondering which consumer category affected most.

https://www.orientaldaily.com.my/news/nation/2023/02/01/543797

Posted by PuaQW91 > 2023-02-13 15:56 | Report Abuse

I guess packaging cost will increase sooner or later and it will be transferred the consumers ba

Posted by All_in_2021 > 2023-02-13 19:02 | Report Abuse

no wonder TENAGA keeps going up

Posted by PuaQW91 > 2023-02-14 16:40 | Report Abuse

ya...Tenaga back to RM10 again

Posted by PuaQW91 > 2023-02-15 14:47 | Report Abuse

Drop again today Tenaga XD

Posted by PuaQW91 > 2023-02-20 15:24 | Report Abuse

On the way to RM2.20 before Q4 released?

Posted by Pinky > 2023-02-20 15:57 | Report Abuse

Electricity bill hike is hurting many manufacturers

Posted by PuaQW91 > 2023-02-21 14:29 | Report Abuse

Ya. Let's see got any subsidies / tax incentive or not in revised Budget 2023

Posted by Pinky > 2023-02-27 21:50 | Report Abuse

BPPLAS mediocre results, brace yourself for similar if not worse with TGUAN

Posted by Phoebe > 2023-02-28 05:08 | Report Abuse

Yup, citing higher cost of raw material and operation cost. The higher cost didn't include the recent hike of electricity tariff and adjustment on working hour. Futhermore EU recently review the single use plastic and target to reduce by 5% by 2030 base on 2018 consumption (more or less something like that). It operating environment is getting more challenging.

Posted by PuaQW91 > 2023-02-28 18:00 | Report Abuse

I thought the end of the month was supposed to be a shopping spree...

Posted by Papayashot > 2023-02-28 20:59 | Report Abuse

As analysts covering BP Plastics and Thong Guan, we need to underscore that these companies' stretch films are 100 per cent recyclable, and a substantial part of the raw materials for their stretch films are sourced from recyclable products," CGS-CIMB Research further noted.

Thong Guan's production facilities in Peninsular Malaysia are also completely powered by solar energy, making the company one of the biggest users of this renewable energy in Malaysia.

Posted by Pinky > 2023-02-28 22:31 | Report Abuse

Yea no like

https://www.thestar.com.my/business/business-news/2022/07/22/thong-guan-transitions-into-100-renewable-energy-for-its-electricity-supply

However, labour costs and sales demand are 2 question marks too

Posted by Pinky > 2023-02-28 22:38 | Report Abuse

Previously I targeted to re-enter at 2.30. Now I think 2.20 more suitable re-entry

Posted by simon_nick > 2023-02-28 22:47 | Report Abuse

Habis lah TGUAAN

Posted by All_in_2021 > 2023-03-01 09:56 | Report Abuse

The management said confident with the europe line. Is it a new line?

Posted by Pinky > 2023-03-01 10:47 | Report Abuse

Aggressive expansion. Jangan nanti become glove 2.0

Posted by Phoebe > 2023-03-01 11:14 | Report Abuse

Yes, it is a new line.
Still standing strong and recover abit from today's drop. I shall wait for next Q result. That will be interesting because if past results down due to increase of operation cost, then electricity and labour will put more pressure to it.

Posted by PuaQW91 > 2023-03-01 17:28 | Report Abuse

Still declared 2.25 cents dividend nevertheless. I guess can get cheaper than RM2.20 for the share price

Posted by All_in_2021 > 2023-03-01 17:47 | Report Abuse

electricity is a big hit to most of the companies. One question - polyethylene price increase will impact their cost or selling price? or both

Posted by PuaQW91 > 2023-03-02 16:06 | Report Abuse

Definitely will impact their cost and mostly they will transfer the cost to their consumers by increasing the selling price

Posted by Pinky > 2023-03-02 21:46 | Report Abuse

Okay. Re-entered. Attractive entry point.

Posted by Pinky > 2023-03-02 21:47 | Report Abuse

China reopening and manufacturing restart will be good for TGUAN

Posted by Phoebe > 2023-03-04 15:22 | Report Abuse

Didn't drop to my buy Q price. Lowest was 2.24 Maybe better luck next time.

Posted by PuaQW91 > 2023-03-06 14:41 | Report Abuse

Still got chance when BNM announce latest OPR I guess

Posted by flyhub888 > 2023-03-06 22:25 | Report Abuse

does tguan interested to venture into glove manufacturing

Posted by EatCoconutCanWin > 2023-03-06 22:28 | Report Abuse

Good if go in glove

Posted by Phoebe > 2023-03-07 15:51 | Report Abuse

No gloves plsss........
Heard that latest OPR will remain the same but like i say, Jan-March results might see some weakness due to increase in operating cost. So, there might be some opportunity to buy on weakness.

Posted by PuaQW91 > 2023-03-07 17:03 | Report Abuse

Don't know BN will surprise market or not by raising rate instead

https://www.thestar.com.my/business/business-news/2023/03/06/central-bank-forecast-to-hold-opr-steady

Posted by flyhub888 > 2023-03-08 00:48 | Report Abuse

but if it is foreseen to be weakness, the share price will plunge further

Posted by PuaQW91 > 2023-03-08 19:18 | Report Abuse

It's coming. Give me RM2.20 tomorrow

Posted by TheGardener > 2023-03-09 11:24 | Report Abuse

Where is RM3, RM4, RM5....... please? Ha Ha Ha Ha Ha Ha!

Posted by simon_nick > 2023-03-09 11:53 | Report Abuse

TGUAN going Holland :(

Posted by PuaQW91 > 2023-03-09 18:33 | Report Abuse

Get it at RM2.22 instead. Haha. Don't wanna wait alrdy for RM2.20

Posted by flyhub888 > 2023-03-09 23:14 | Report Abuse

kenaga TP nvr hit

Posted by flyhub888 > 2023-03-11 13:44 | Report Abuse

no volume

Posted by PuaQW91 > 2023-03-13 15:40 | Report Abuse

Bad market sentiment...next average down price is RM1.80 if market crash

Posted by flyhub888 > 2023-03-13 19:52 | Report Abuse

think so.. rm1.80 or even worse

Posted by PuaQW91 > 2023-03-14 18:05 | Report Abuse

Ya...better don't simply goreng stocks right now

Posted by flyhub888 > 2023-03-14 19:49 | Report Abuse

keep cash safer and re enter when market stable

Posted by PuaQW91 > 2023-03-15 16:13 | Report Abuse

Cash is king now so that can be greedy when market is crashing

Posted by Phoebe > 2023-03-16 22:15 | Report Abuse

Scientex lastest QR reported lower revenue from their packaging business due to reduction in demand and cited higher operation cost. I think next QR will be more challenging as hike in electricity and labor cost.

Posted by faridfet > 2023-03-17 09:35 | Report Abuse

mayday mayday jual

Posted by PuaQW91 > 2023-03-17 16:08 | Report Abuse

Not yet. wait a good price to sell

Posted by flyhub888 > 2023-03-17 21:36 | Report Abuse

how is the prospect of this company