Posted by LC LAU > 2020-11-19 14:47 | Report Abuse

I admit I sold my position at 2.90, but I think TGUAN worth 2.50.
I would consider to re enter if drop below 2.50.

Posted by night_shadow > 2020-11-19 16:09 | Report Abuse

Why suddenly drop so much?

Posted by xcu843 > 2020-11-19 16:14 | Report Abuse

Good time to collect now

Posted by EatCoconutCanWin > 2020-11-19 17:12 | Report Abuse

The volume huge amount..gai

Posted by gemfinder > 2020-11-19 17:16 | Report Abuse

sold all 2.97. TQVM

Posted by changyl > 2020-11-19 18:43 | Report Abuse

Please drop further... need to collect more.

Posted by UndukNgadau > 2020-11-20 13:04 | Report Abuse

I think their Sabah business is suffering. But this is just a temporary setback

Posted by iskandar5156 > 2020-11-20 13:16 | Report Abuse

cgscimb give target price RM3.61 not bad..

Posted by iskandar5156 > 2020-11-20 13:16 | Report Abuse

snapshot of the report:
Slowly piecing together new lines amidst border closuresWhile much of Thong Guan’s expansionary plans hasbeenhalted by the movement restrictions and border closureswhile Covid-19 rages on, the group managed to squeeze in some new production lines to meetEurope’sgrowing demand for its stretch films. The group said that it just installed two new lines –one for stretch films and another for premium packaging films dedicated to food-and-beverage clients –sometime earlier in 4Q20. Also in this quarter, the group’s messenger bag production was running at north of 90% capacity to cater to the year-end online shopping craze. It is also looking to add another production line for messenger bags by Apr 2021, andshould have no problem filling capacity as data research firm eMarketer forecastsUS e-commerce sales to grow by 7.8-18% yoy in 2020-22F.Reiterate AddThong Guanis experiencing a renewed sense of vigour with its pivot to higher-value and higher-margin plastic products. We recommend investors to accumulate the stock to ride its growth story. Our unchanged TPof RM3.61 values the stock at 14x CY22F P/E (2 s.d. above its 5-year mean). Downside risk: rising raw material prices

Posted by Maxpowar > 2020-11-20 13:19 | Report Abuse

Net asset per share is 3.30 as of latest quarter. Steady increase in net profit,current asset/liabilities ratio >2.5, net cash company,debt equity 0.22. This is all happening during covid ya. This counter is very undervalued now, so keep selling ya, imma waiting to collect

Posted by Maxpowar > 2020-11-20 13:22 | Report Abuse

Just think,the company’s current asset alone is worth 3.30 PER SHARE,we haven’t even taken into consideration its future earning potential and net cash status.

Posted by Snowpiercer > 2020-11-20 13:40 | Report Abuse

Even for speculator, this counter can make so many rounds. Best of all.... when down, you know you are holding something of substance

Posted by UndukNgadau > 2020-11-20 16:05 | Report Abuse

Just bought some at 2.97

Posted by LC LAU > 2020-11-22 02:17 | Report Abuse

Tips-TGUAN will drop to 2.70 level.

Posted by Maxpowar > 2020-11-22 11:01 | Report Abuse

@LC LAU hahaha you sold all your positions at 2.90,now hope to reenter at 2.70 ah? Where got so untung one,sorry la you need to continue dreaming yoo

Posted by keewei85 > 2020-11-22 12:00 | Report Abuse

Chart showing weakness. Definitely will retrace before going up or consolidation or reversal. Only God know

Posted by gemfinder > 2020-11-22 12:51 | Report Abuse

Ppl sell la the bonus shares ma.. wil drop one

Posted by Maxpowar > 2020-11-22 12:55 | Report Abuse

Of coz,either it’s gonna go up or go down, that doesn’t tell us anything. We’re looking at a share price priced in for bonus share sale,to encourage lower share price just so you can enter at an insulting entry price is ridiculous.

Posted by DreamMaster > 2020-11-22 13:13 | Report Abuse

Down 1.67%

Posted by DreamMaster > 2020-11-22 13:13 | Report Abuse

Sikit saja la

Posted by DreamMaster > 2020-11-22 13:13 | Report Abuse

Little bit only la

Posted by DreamMaster > 2020-11-22 13:14 | Report Abuse

Still can tahan la

Posted by DreamMaster > 2020-11-22 13:14 | Report Abuse

Must make improvement measures also la

Posted by DreamMaster > 2020-11-22 13:14 | Report Abuse

Good luck

Posted by Maxpowar > 2020-11-22 14:03 | Report Abuse

Shareholders who know the true value of this company will not dump their shares to you for such cheap price,it’s like giving up their potential gain for nasi lemak money haha

Posted by night_shadow > 2020-11-23 09:37 | Report Abuse

will it rebound soon?

Posted by Maxpowar > 2020-11-23 11:07 | Report Abuse

Refer to my earlier comments to see why I think this company is undervalued,if there’s anytime to buy,it’s now.In a week or a month time not sure if you’ll be slow to get such price already. Imma topping up.

Posted by EatCoconutCanWin > 2020-11-23 12:48 | Report Abuse

double bottom. over sold

Posted by Maxpowar > 2020-11-23 13:38 | Report Abuse

Coming next, UP is the only direction it can go :D

Posted by EatCoconutCanWin > 2020-11-23 13:55 | Report Abuse

Cmco period , good for plastic food packaging.

Posted by pinnaclegrade > 2020-11-23 13:55 | Report Abuse

managed to topup another 50 lots @ RM 2.93

Posted by Maxpowar > 2020-11-23 14:03 | Report Abuse

@pinnaclegrade what is your average price now bro?

Posted by pinnaclegrade > 2020-11-23 14:26 | Report Abuse

RM 2.945 @Max I bought late, I have holding power so nothing to worry.. can be for trade or investment.. good to park here when over sold, aka money market fund

Posted by EatCoconutCanWin > 2020-11-23 15:54 | Report Abuse

Omg... not good. Break support. Next support 2.500

Posted by Maxpowar > 2020-11-23 15:55 | Report Abuse

@pinna Yupp same here long term investor with holding power as well,nothing to worry as company’s fundamental is strong. Some diamond take time to be discovered and appreciated haha..

Posted by pinnaclegrade > 2020-11-23 21:10 | Report Abuse

selling volume is decreasing, support level is at RM2.85. Overall still a long term bullish trend. After selloff with low volume, it should rebound..

Posted by Maxpowar > 2020-11-24 07:56 | Report Abuse

It’s okay,wash away all short term traders,soon will rebound.Tguan being able to maintain healthy cash flow with steady increase of profit esp in covid is already amazing. Nowadays investors are hard to be pleased.

Posted by gemfinder > 2020-11-24 08:08 | Report Abuse

Not weak holders la. Long time holders woth bonus all sell la.

Posted by Maxpowar > 2020-11-24 09:17 | Report Abuse

Okok..not referring to those selling bonus pun, cheers! :D

Posted by night_shadow > 2020-11-24 14:59 | Report Abuse

@maxpowar u told LcLau he was dreaming when he said the price will retrace to ard 2.7, well i’ll say he was almost right. U also said yesterday “up is the only way to go” well u are wrong too.
It’s ur right to say anything u want but based on ur track record i’ll advise other investors to be careful digesting whatever u said.

Posted by Maxpowar > 2020-11-24 15:16 | Report Abuse

@night your previous comments show your insecurity to this counter. You first asked “why dropped so much” this shows your lack of experience and knowledge in the stock market. You then asked the forumer if the share price will rebound, did you buy at a high price without doing your due diligence? Or yo do not have the holding power? :3

Posted by Maxpowar > 2020-11-24 15:49 | Report Abuse

night I wouldnt call him right just because the price fell to 2.8(not 2.7 that you mentioned) klci index took a hit 17.67 points as I’m writing this,many counters are undergoing correction in conjunction to upcoming budget 2021 voting.

By the way,I couldn’t care less what you or anyone think about my opinion ya,hehehehe..

Posted by Snowpiercer > 2020-11-24 15:54 | Report Abuse

The only chance to buy is when correction happened.

Posted by night_shadow > 2020-11-24 20:13 | Report Abuse

@maxpowar yes i was gathering any info/news that i might missed what’s wrong with that? atleast i didnt make any wrong prediction or give wrong infos to other traders.
.

Posted by EatCoconutCanWin > 2020-11-24 20:38 | Report Abuse

Luckily I sold 2.96.. good luck guys

Posted by Maxpowar > 2020-11-24 20:43 | Report Abuse

@night nobody made any prediction unless you take it as one lol.

Posted by Maxpowar > 2020-11-24 20:44 | Report Abuse

@eatcoconut bye :D

Posted by night_shadow > 2020-11-25 11:04 | Report Abuse

@maxpowar regardless of that i think for now LC Lau read the market movements better than u, He sold at 2.9 now he can re-enter again at 2.77 if he want, Now let’s hope u are right in the long run for everybody’s sake

LC LAU Tips-TGUAN will drop to 2.70 level.
22/11/2020 2:17 AM

Maxpowar @LC LAU hahaha you sold all your positions at 2.90,now hope to reenter at 2.70 ah? Where got so untung one,sorry la you need to continue dreaming yoo
22/11/2020 11:01 AM

Posted by Maxpowar > 2020-11-25 11:16 | Report Abuse

@night everybody has their own way of investing,for me I’m buying a fraction of a company’s business,have 0 intention of jumping in and out,if anyone would so like to so called buy low and sell high go ahead,but it’s futile comparing different investing principles. Let’s be real,no one can “read the market movement”,market price movement is heavily influenced by sentiments and in a short term,quoting Peter Lynch,is only a random walk,very often the share price has no direct correlation with the fundamentals of the company business, as seen in tguan now. No offense,but you sound really new to the investing world..

Posted by gemfinder > 2020-11-25 11:47 | Report Abuse

only consider buy back below 2.30