Posted by Jeff Lee > 2017-03-21 11:15 | Report Abuse

tguan-wa is RM 0.15 cheaper???

sure or not?

Posted by Jeff Lee > 2017-03-21 11:17 | Report Abuse

if you have money to buy in 100,000 shares of tguan-wa , convert all to tguan mother share, you definitely earned 15k easily in 1 week. sell it and buy again.. one month repeat few times, can earn 60k easy

Posted by limcs > 2017-03-21 11:19 | Report Abuse

通源向北揮!

Posted by chankp7010 > 2017-03-21 11:33 | Report Abuse

TGuan's warrant is now at a discount to mother share. Imagine TGuan is selling at RM4.68 now but its warrant is at RM3.06; This means that 4.68-1.50 = 3.18 is less than 3.06 or discount of RM0.12 per share against mother share price. Thus, I would agree with Jeff Lee that if you have the money, you can earn more money by the way he suggest in the above. Of course, Prices can alter at any time but the scheme is correct and it is very practical for a growth company likes TGuan.

Posted by Bizfuneng > 2017-03-21 11:39 | Report Abuse

100K warrant costing 306K and conversion time taking 2 weeks for just 4.6% profit gain basing on mother price of 4.68 is a bit risky. Not at this price level per my opinion.

Posted by Icon8888 > 2017-03-21 11:40 | Report Abuse

the discount is not justifiable

if Tguan announces corporate exercise, the warrants discount will disappear, and might even end up with premium as people start chasing

Posted by kchia > 2017-03-21 11:41 | Report Abuse

sure earn if the mother share price can maintain at current level or higher than current level

Posted by chankp7010 > 2017-03-21 11:53 | Report Abuse

Every investment has risk. If you think Tguan current market price at 4.68 is too high, then go for warrant for less exposure of investment cost and also higher chances of better return. Many investors are predicting mother share would reach RM5.00 soon. So, let us hope that it can reach it before May 2017 1 QR

Posted by Icon8888 > 2017-03-21 12:00 | Report Abuse

I also think that 5 is very achievable

very

Posted by riskabsorber > 2017-03-21 12:10 | Report Abuse

Hi Icon8888,

We are not sure why the warrant can be traded at discount since last quarter result released during end of the month. Why other warrants can trade at 200% premium? Maybe your expert explanation can enlighten us.

Posted by joekit > 2017-03-21 12:31 | Report Abuse

probably goin to give bonus issue. thats why warrant tak laku. mother share more valuable as can lay egg.

Posted by woosytan > 2017-03-21 12:50 | Report Abuse

if bonus issue, warrant will be adjusted accordingly ma.......why x laku.....?

Posted by WarrenColdeye > 2017-03-21 19:25 | Report Abuse

RM0.06 for TGuan-WA is spared for adjustment after ex-dividend

Posted by WarrenColdeye > 2017-03-21 19:26 | Report Abuse

TGuan-WA price will be adjsuted according if there is any bonus issue.. not a problem..

Posted by tecpower > 2017-03-21 19:42 | Report Abuse

Alibaba can boost the price of this stock.

Posted by Yap Yangg > 2017-03-21 20:16 | Report Abuse

@tecpower why do u say so? any reason to prove it?

Posted by gooman > 2017-03-21 20:45 | Report Abuse

Today consumer stocks like Nestle consolidated greatly due to Alibaba.
http://www.thestar.com.my/business/business-news/2017/03/21/consumer-stocks-top-gainer-klci-up-3-36-points/

Thong Guan Industries Bhd. is an investment holding company, which engages in the trading of plastic and paper products. It operates through the Plastic and Petroleum Products, and Food, Beverages, and Other Consumable Products segments. Its products include stretch film, garbage bag, flexible packaging, calcium carbonate and white masterbatch, and polyvinyl chloride food wrap. The company was founded by Thong Guan Ang in 1942 and is headquartered in Sungai Petani, Malaysia.

Posted by gooman > 2017-03-21 21:02 | Report Abuse

http://www.thongguan.com/?page_id=45

Posted by riskabsorber > 2017-03-22 11:52 | Report Abuse

Not sure whether should say Tguan mother share is overvalued or Tguan's warrant undervalued ? The discount of warrant is not justifiable. Is either investors do not have confident in Tguan's mother share or investors think that the mother shares' downside is high ?

Posted by Yap Yangg > 2017-03-24 10:57 | Report Abuse

what happen today ......

Posted by geoffreylee > 2017-03-24 16:14 | Report Abuse

@Yap Yangg low volume drop no need worry, just short correction

Posted by HuatRex > 2017-03-24 21:19 | Report Abuse

Old man stock. Bull market it walks like an old man

Posted by Collin Soo > 2017-03-25 10:47 | Report Abuse

need to wait until AGM then it will start moving...

Posted by Yap Yangg > 2017-03-25 23:40 | Report Abuse

@Collin Soo Can i know when will the AGM be held?

Posted by bwho > 2017-03-26 11:51 | Report Abuse

based on past year record AGM was held on 26th of May

Posted by riskabsorber > 2017-03-27 16:11 | Report Abuse

The flow of fresh offers in the spot resin markets remained inconsistent and prices were mixed, reports the (Chicago) in its Market Update for the week of March 13. Transacted volumes were better than average, though heavily skewed toward polyethylene (PE) over polypropylene (PP). After securing a $0.05/lb increase in February, PE producers are seeking to raise March contracts by as much as $0.06/lb. PP contracts have already jumped $0.165/lb during this young year, and producers are seeking to pass along their soaring monomer costs, which have continued to rise this month. Incremental exports are challenged by high prices and lack of availability; notes that it is seeing a huge gap develop between high domestic PE and PP levels and workable export prices.


Spot PE trading was solid. While the overall market was mostly priced lower, there was some variance among grades and even some strength seen. Processors with ample material on hand shied away from spot (railcar) offers that included $0.04 to 0.06/lb of the March price increase, as direct contracts are generally protected if the increase does not stick. Though still being negotiated, it would not be surprising to see at least a $0.03/lb increase take hold. Some view this as the potential peak pricing for this cycle. There was a run on HDPE for injection, which has been hit with production issues. It bucked the rest and gained at least a cent, with little reasonably priced material still to be found.

On the other hand, LDPE and LLDPE resins, which had been trading at a healthy premium to other grades, gave back $0.01 to 0.02/lb. While the typical base for offshore PE sales is still largely intact, the arbitrage for extra export orders has been closed based on price. However, the PE market is far from awash with resin, as producers have faced planned and unexpected outages, which have limited overall resin supplies, thus reducing the need to offset slacking domestic demand with a major export purge. This lull has allowed the railcar log-jams and packaging back-ups in the Houston area to substantially clear.

PP demand remained slack, which has capped spot levels even as contract prices continue to leap higher. Spot HoPP and CoPP prices actually eased another penny this week, reports the . Those processors locked into contracts or specific brands are feeling the brunt of the monomer rally, as another cost-push increase, which is starting to target near a nickel, will imminently be implemented in March. This will bring the 2017 PP contract gains to $0.20/lb plus. It is a very rare occurrence to see spot prices develop an ever-growing discount to rising contracts, writes the , adding that it is not referring to a few loads here and there. Many millions of pounds of prime and off-grade PP are packed and ready to go in various warehouses around the country.

While occasional softening of the PGP monomer market lends unsubstantiated relief hope to processors, deeper insight could actually reveal spot monomer sales that result from reduced reactor rates. While this temporarily weighs on monomer prices, it also tightens resin supplies. Indeed, the forward PGP market indicates lower feedstock costs ahead. However, supply/demand dynamics are tight and, given reduced production, will probably remain snug in the months ahead. As was seen throughout 2015, if and when monomer prices do subside, PP producers then will rebuild their margins as they lower resin prices less than the drop in their costs.

Posted by HuatRex > 2017-03-27 22:07 | Report Abuse

is kyy selling?

Posted by kchia > 2017-03-28 10:48 | Report Abuse

kyy is buying

Posted by WarrenColdeye > 2017-03-28 17:55 | Report Abuse

Why, KYY is holding TGuan meh?

Posted by WarrenColdeye > 2017-03-28 17:55 | Report Abuse

Uncle Koon is my idol!

Posted by woosytan > 2017-03-28 21:39 | Report Abuse

he is inside, based of last yr annual report. cold eye also

Posted by WarrenColdeye > 2017-03-28 23:06 | Report Abuse

Wow... 2 superinvestors... good good

Posted by ykloh > 2017-03-28 23:34 | Report Abuse

if i remember correctly dr neoh (dynaquest) is also a shareholder.

Posted by riskabsorber > 2017-03-29 11:14 | Report Abuse

The discount is getting smaller.

Posted by WarrenColdeye > 2017-03-30 15:16 | Report Abuse

Why so quite ar?

Posted by WarrenColdeye > 2017-03-30 15:17 | Report Abuse

Quiet*

Posted by riskabsorber > 2017-03-31 10:25 | Report Abuse

Commodities is too challenging. Price fluctuate that impacted Tguan.

Posted by tecpower > 2017-03-31 22:30 | Report Abuse

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=5396

Posted by tecpower > 2017-03-31 22:32 | Report Abuse

盈利有望双位数成长‧塑胶包装业前景俏

Publish Date: 31 Mar 2017, 6:27 PM

加上业者积极扩展产能和推动产品创新、分析员看好国内塑胶包装公司前景，预期今明两年盈利有望达到双位数成长。

（吉隆坡31日讯）塑胶产品需求得稳健，加上业者积极扩展产能和推动产品创新、分析员看好国内塑胶包装公司前景，预期今明两年盈利有望达到双位数成长。



肯纳格研究的研究名单下的塑胶包装股的最新业绩表现符合预测，营运赚幅保持强劲，其中消费塑胶包装业者赚幅达16至17%，工业塑胶包装业赚幅则介于6至9%。

肯纳格预料塑胶产品需求保持强劲，主要是产品利基（塑胶袋），为客户量身订制及要求严格。大部份的塑胶包装公司如通源工业（TGUAN,7034,主板工业产品组）、信利资源（SLP,7284,主板工业产品组）及森德公司（SCIENTX,4731,主板工业产品组）的产品销售客户多为日本人，他们多是忠诚客户而不会轻易更换供应商；SCGM公司（SCGM,7247,主板工业产品组）则从国内数州禁止使用保丽龙行动中受惠，并由该公司生产的午餐盒产品所替代。

大多数塑胶包装公司都在进行产能扩充计划，料将推动长期的营收成长。

扩充产能推动成长

信利资源计划兴建一座新制造厂，以便在2018财政年的产能增加58%，至3万8000公吨，同时也计划进军中国市场。SCGM公司在柔佛古来租用2万平方尺工厂以安置两座新机械，使其2017财政年的产能增加44%，至每年达3万6000公吨；长期扩充计划则在2019财政年完成兴建新工厂，使每年产能额外增加74%，至6万2600公吨。

森德公司则在2017年下半年加速其万挠工厂，年产能增加25%，至6万公吨、怡保工厂的营运将增加43%，至2万4000公吨产量，在2018年下半年在美国完成兴建一间新工厂。



至于通源工业则持续不断地投资扩充产能及研发，以改善现有产品的销售额及赚幅、重组其客户基础以吸引更多跨国公司。

树脂价格平稳

肯纳格指出，目前塑胶原料——树脂的价格平稳在每公吨1100至1200美元之间，并与石油价格走势脱钩，这主要是中国树脂供应充裕，充斥整个市场，预料树脂价格将持续走低，从而抵销部份原油价格走高的冲击。

随着塑胶包装公司的积极产能扩展计划，并获得塑胶产品需求强劲的支撑，预料在2017至2018年，信利资源的盈利成长介于25至33%、SCGM公司增长26至29%、森德公司扬升18至19%及通源工业则增加12至14%之间。



本地包装行业的宏观基本因素保持良好，马币汇率走贬及偏低的树脂成本，使整体行业表现在正面市场情绪中保持强劲。肯纳格对塑胶包装业评级保持在“加码”等级。首选塑胶包装股为信利资源及SCGM公司，获得“超越大市”评级，主要是产能扩展后的潜在盈利成长尚未全面反映。

文章来源：

星洲日报／财经·2017.03.31

Posted by HuatRex > 2017-04-02 22:52 | Report Abuse

Tguan Tguan.... Don't waste the bull market please

Posted by KCLiew > 2017-04-02 22:54 | Report Abuse

Betul betul

Posted by LordOfEquities > 2017-04-03 16:18 | Report Abuse

tguan will come up, still warming up, like the tortoise vs rabbit

Posted by WarrenColdeye > 2017-04-03 18:07 | Report Abuse

TGuan downtrend??

Posted by WarrenColdeye > 2017-04-03 18:07 | Report Abuse

Poem sifu, wehere are you guys? Pls write some poems....

Posted by lloydlim > 2017-04-03 19:24 | Report Abuse

Time to accumulate! Turun beli aje, naik pula tunggu! This counter sure money 1!

Posted by Davidl > 2017-04-04 09:24 | Report Abuse

Hope price could come down a bit!

Posted by riskabsorber > 2017-04-04 09:31 | Report Abuse

It looks like everyone is expecting Tguan will propose any surprises to shareholders. But it turns out differently each time.

Posted by limcs > 2017-04-04 09:42 | Report Abuse

@Davidl Hopefully it go below rm 4 ..then we can buy more :)

Posted by chankp7010 > 2017-04-04 10:04 | Report Abuse

Why TGuan has been on a down trend these days? Any problems financially, operationally, systematically? Any insiders' view to share?

Posted by Chan SauWei > 2017-04-04 11:03 | Report Abuse

Tomypack and scgm fly and saying bye to heavy tguan..