Posted by Dankot > 2020-11-27 20:48 | Report Abuse

New plant set-up on 2018 n start operate 2019 near my working place ...start to do injection molding n produce the resin :D

Posted by UndukNgadau > 2020-11-29 00:38 | Report Abuse

Maybe a new leadership is required, as Ang See Ming no longer capable to evolve. We need a younger & brighter visionary

Posted by Maxpowar > 2020-11-29 06:48 | Report Abuse

@unduk I beg to differ,younger leaders won’t be equipped with the same experience and competence. The company is growing steadily,changing leader is a redundant move IMO.

Posted by UndukNgadau > 2020-11-29 11:16 | Report Abuse

Thanks Maxpower for your opinion.

Posted by UndukNgadau > 2020-11-29 11:16 | Report Abuse

I really like TGuan to challenge ScienTx.

Posted by Maxpowar > 2020-11-29 12:14 | Report Abuse

To be frank I really like scientex too,but at the ended I decided to invest in tguan instead for the reasons below:
Both companies have shown increasing profit year by year for the past 3 years,both with a good current ratio and debt equity ratio,both have similar P/E ratio. The difference is that scientex share price has gone up 100% from rm5 in 2016 to rm12 as of now, with rm1200 I can only acquire 100 shares, but for the same capital I can buy 400 shares of tguan. (Yes I’m aware that value shouldn’t be based on share price,but from retailer point of view,what we strive for is minimal capital deployment with maximum return of investment).

In the case of scientex,I really don’t quite understand how a plastic company can venture into property development, I wonder how these businesses can complement each other,plus real estate isn’t really selling well now. On the other hand, tguan’s initiative to venture into food and beverages make more business sense to me.By manufacturing their own noodles,coffee and tea,they can leverage their plastic packaging business to reduce operational cost and increase profit margin.

Posted by UndukNgadau > 2020-11-30 01:16 | Report Abuse

Maxpowar: Many Thanks for your opinion again.

Posted by UndukNgadau > 2020-11-30 01:16 | Report Abuse

You reinforced my believed in TGuan.

Posted by EatCoconutCanWin > 2020-11-30 11:34 | Report Abuse

Haiyaaa..crude oil rise, USD weakness, plastic price rise.. haiyaaa.. trust uncle yy la.. queue rm2.50 lar..

Posted by Maxpowar > 2020-11-30 11:39 | Report Abuse

@eatcoconut if got ppl willing to sell you at that price then you buy la, nobody is stopping you lol.

Posted by amet2017 > 2020-11-30 12:42 | Report Abuse

Operator is making the counter looks like penny stock. Hahaha

Posted by hoiz6011 > 2020-11-30 12:53 | Report Abuse

if Tguan doesn't hit 1b this year, i think many investor will pull the plug. A significant milestone for them.

Posted by Maxpowar > 2020-11-30 13:21 | Report Abuse

@hoiz6011 we can really cut them some slack,many people are getting retrenched,you can hardly find ppl in the mall,tourism,construction making losses quarter over quarter, you expect record high profit from tguan? It’s unrealistic to say the least.Did they promise to hit 1b in FY20?No.

Posted by chengcheekaan > 2020-11-30 13:48 | Report Abuse

Regardless, they will surely make historical highest profit this FY. Current 3Q profit at 58.2mil, only need 4mil to break previous record of 61.9mil. Conservative estimate TGUAN managed to achieve 15mil for the last Q, that's 73.2mil net profit, represents 18.25% increase in profit in this pandemic FY. Not to mention the delay of their expansion plan.

Not a buy sell recommendation, just a rough estimation on their earning prospect.

Posted by tuapuikia > 2020-11-30 13:52 | Report Abuse

why so hard sell when banker is pushing the price down? tguan is one of my favorites. But now I would suggest it will sideways for a long time, or even go down further. Wait till it rebound. don't put all the money to top up. please...

Posted by hoiz6011 > 2020-11-30 14:30 | Report Abuse

actually 1b is their target this year. clearly specified by their boss. and the previous price of the stock is based on that expectation. future earning. i am holding the stocks as well. to me, the boss need to explain and share the upcoming plan so the investor knows what's their plan.

Posted by hoiz6011 > 2020-11-30 14:37 | Report Abuse

dont get me wrong. its a very good company, but as investor mindset, is this the best at this point of time for my maximum return?

Posted by Maxpowar > 2020-11-30 14:54 | Report Abuse

@hoiz6011 no offense taken no worries,it’s good to have opinion from different POV,it enables us to see things rationally. :) regarding 1b target,ang see ming said that during their agm is it?

Posted by amet2017 > 2020-11-30 15:05 | Report Abuse

Its quite a big shame in bursa for a good FA counter selling non stop like this. Whereas you can see counters with balloons of debt being pumped up like no limit

Posted by kkteng70 > 2020-11-30 15:24 | Report Abuse

raw material price up very much

Posted by hoiz6011 > 2020-11-30 15:38 | Report Abuse

Always good to have different opinion, bro. Alvin Ang mentioned in a conference zoom call with the investors organized by cimb. i think as a company they do have this vision or target in place. He also mentioned to grow 3b in 5 years time, which is their next target - lots of lands local and overseas for new factories. I was shocked with their previous quarter revenue which makes 1b this year looks very hard to achieve.

Posted by hoiz6011 > 2020-11-30 15:38 | Report Abuse

i did post a questions on why are the directors keep cashing out compare to other companies that keep buying their own shares but no luck to be chosen as the question to him.

Posted by ronniedem > 2020-11-30 15:51 | Report Abuse

seems like operator has been selling massively. volume have been huge for past 1 week

Posted by EatCoconutCanWin > 2020-11-30 16:20 | Report Abuse

RUN..... PN loss majority

Posted by night_shadow > 2020-11-30 16:46 | Report Abuse

few days drop we can call it dip, retrace or correction. But 8 days in a row like this it's called a DOWNTREND already huhu so sad company like this also can be manipulated by operator. Hopefully it'll rebound soon otherwise true long term investment also would lose hope with this company although it has good FA

Posted by Rainbow0721 > 2020-11-30 16:55 | Report Abuse

I am quite keen on TGuan.. good FA company.. but nowadays i feel abit lost on the share price movement & the Company's QR.. like Tguan, i noticed Frontken also reported 2 consecutive good QR results but share price falling.. Tguan reported good QR but share price falling..

KESM didnt report any impressive results.. but the share price goes up..
can someone decipher this for me =( is it like what maxpowar mentioned earlier.. these are just short term movement.. and over the long term, share price and company value will align..

Posted by Rainbow0721 > 2020-11-30 17:09 | Report Abuse

Maxpowar.. if one also collected Tguan at 2.9.. now down by 30 cents.. is there anything to fear.. =(

Posted by Maxpowar > 2020-11-30 19:25 | Report Abuse

@rainbow0721 my advice to you: hold tight tight and don’t panic sell. The company didn’t close down,yes? If you drop by their factories in SgPetani,you’ll see their factory still operating as usual,yes?

Not convincing enough? Ok..open up their latest QR/AR2019,is the net profit increasing year by year?Yes. Is the company heavily in debt?No.

So..why do you worry when you are investing in a SOLID company? This is not some loss making shady companies hello..

When share price rebounds,they can happen aggressively..all it takes is a positive stimulus.For example.. supermax rocket surged 0.58cents today,all within 30 minutes before market closed hahaha..

Posted by Rainbow0721 > 2020-11-30 21:12 | Report Abuse

@maxpowar.. yea.. i know Tguan is a solid company.. i will hold tight with all the fundamentally solid companies..

I also noticed the surge in supermax at market close.. is it due to window dressing for month end..

Posted by aaronsia > 2020-12-01 00:13 | Report Abuse

@maxpower...for your reference..
https://www.theedgemarkets.com/article/thong-guan-sees-rm1b-revenue-2020

Posted by UndukNgadau > 2020-12-01 00:16 | Report Abuse

I see BIG dropped in share price as opportunity to buy more.

Posted by UndukNgadau > 2020-12-01 00:18 | Report Abuse

However, I still believe that Alvin Ang is no longer d right Captain for TGuan

Posted by Maxpowar > 2020-12-01 08:05 | Report Abuse

@aaronsia thanks Aaron for the reference :)

Posted by gemfinder > 2020-12-01 10:42 | Report Abuse

buy in

Posted by terence775 > 2020-12-01 11:00 | Report Abuse

gemfinder the hero, sell at peak and buy back low. idol, wish I could do that too.

Posted by gemfinder > 2020-12-01 11:27 | Report Abuse

sold 2.71 TQVM for the contra gain

Posted by UndukNgadau > 2020-12-01 14:18 | Report Abuse

Me too. Sold everything at 2.70 & 2.71. I hope to buy back next week in a big way. Still holding on to my MFCB

Posted by amet2017 > 2020-12-01 16:30 | Report Abuse

Mfcb volatility is surprising. Matched sell simply jump a few cents during normal trading hours. But its a good FA counter like tguan.

Posted by UndukNgadau > 2020-12-02 00:12 | Report Abuse

@ronniedem I've decided to sell all due to the 'huge' volume since 18th Nov

Posted by Maxpowar > 2020-12-02 06:51 | Report Abuse

I took a look at mfcb’s share price trend,it does look good on the surface. So I quickly read through their latest sept QR. Here’s what I found (I’ll opine rationally, disclaimer I don’t own mfcb shares,and figures in rm’000)

1.) something that pops out right immediately is their YoY net profit took a huge leap from 15,568 to 107,754.

So I’ll wonder where does this huge profit come from...?

2.) I found that in the cash flow statement under operating activities,net change in assets -143,222.

3.) under cash flow for financing activities: they took a huuuggee loan of 628,217.

4.) hence their cash and cash equivalents at the end of period jumped from 87,954 to 129,804.

5.) next,the asset quality. First glance..total non-current assets wayyy more than current assets. To my surprise, their non current assets mostly made up of Intangible assets lol, up to 76.2%, which cannot be taken into account when calculating price value per share. If I include “goodwill” into its weightage,the numbers gonna be way more uglier.

6.) now current assets,it has cash reserve worth of 144,486. But the short term borrowings already amounted to 149,106. Do you think they can pay off their short term debt? I doubt so..again I haven’t even included its long term debt..

But the share price memang nice...all the way up over the years..

In conclusion: MFCB’s latest jump in net profit attributed to selling assets,it doesn’t have enough cash to pay off debt in short term. If the company goes bankrupt there really isn’t anything valuable to say the least.

TLDR: MFCB is overvalued. Just my 2 cents, cheers.

Posted by Maxpowar > 2020-12-02 07:34 | Report Abuse

Having said that,TGuan is in a much healthier financial position compared to MFCB based on financial report alone la,can use my same thought process to apply in TGuan latest QR.

Posted by gemfinder > 2020-12-02 08:19 |

Post removed.Why?

Posted by UndukNgadau > 2020-12-02 11:25 | Report Abuse

@maxpowar I sincerely Thank you for your time & effort on MFCB which I totally respect & appreciate. That's the reason why I'm here. Love to know others views, good or otherwise.

Posted by Maxpowar > 2020-12-02 12:25 | Report Abuse

@undukngadau no problem,who knows you would’ve helped me discover a gem lol.

Posted by UndukNgadau > 2020-12-02 13:36 | Report Abuse

@maxpowar I'm only into #1 TGuan; #2 ScienTx; #3 MFCB; #4 QL & #5 MI Technovation. Musical chairs for this 5 stocks. Most times only 2-3 out of this 5. I'm a short - medium term player. Like I've said, next week if TGuan's volume taper to under 500,000 daily shares, then I'll be buying. Otherwise I just wait

Posted by Rainbow0721 > 2020-12-02 15:04 | Report Abuse

@Maxpowar, tq for the analysis on MFCB. Could you share more tips on the key factors to look for in FS to know whether it is financial healthy company? how to identify the anomalies?

@UndukNgadau, could you share the reasons for buying when Tguan volume taper to 500k daily shares? mean the selling pressure is diminishing and therefore is a good entry?

Posted by Maxpowar > 2020-12-02 15:26 | Report Abuse

@rainbow
Before I decide to invest in a company,regardless of the macroeconomics,I always make sure to flip open their annual report first. Purpose of doing so is to:
1.) know briefly what does the company do to make money
2.) is the company earning money in terms of net profit consistently over the past 3-5 years? (Preferably longer la..)
3.) I prefer slow and steady growth,think QL/TGuan lol..cuz if a company last year earn 1mil..suddenly this year 120mil..that prompts me to scrutinize further..takkan suddenly profit jump so much in a year?
4.) Next I’ll make sure the company has so much cash that it can cover its short term borrowing,but ideally,I’ll want the company’s cash,or at least the total current assets 1.5x its TOTAL LIABILITIES.
5.) if a company satisfies point 4,I won’t be afraid the company bankrupt even in financial recession..
6.) if a company consistently making profit over the years,that’s not enough.Because profit means nothing if they can’t collect the money.That’s where you check if the “receivables” in their current assets,if receivables increases at a rate higher than their revenue,you know the company got problem collecting money lol.
7.) last I’ll take a look at their cash flow statement la,see whether the profit are organic. Cuz the profit can be fabricated by means of selling their properties,INVESTING in OTHER companies! Those are red flags.

Ok la that’s all for now, you gotta read a lot I can’t type all out lol.

Posted by Maxpowar > 2020-12-02 15:29 | Report Abuse

If the AR satisfies all my above criteria,then only I’ll look at other macroeconomic factors like demand,competitors etc. if fail above criteria I won’t look further.

@unduk
Can you share your view on QL? I’m a share holder of QL as well haha..

Posted by pinnaclegrade > 2020-12-02 16:03 | Report Abuse

TGuan has reverse up, now rallying..

Posted by Candlesticks > 2020-12-02 16:05 | Report Abuse

it has a lot of potential to go up much further. TP RM3 possible