THONG GUAN INDUSTRIES BHD
KLSE (MYR): TGUAN (7034)
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Last Price
2.23
Today's Change
-0.01 (0.45%)
Day's Change
2.20 - 2.24
Trading Volume
115,300
Company Announcement
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Discussions
14 people like this. Showing 50 of 6,344 comments
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.
2 months ago
As we approach the third month of the new 2023 year, the Group has experienced a steady accumulation of orders for its plastic products in tandem with the gradual increase of plastic prices since January 2023. These orders are anticipated to increase the sales volume for financial year 2023. In addition, the Group is optimistic about the full operations of its three new European blown film lines and 2 newly commissioned premium stretch films lines.
Prospect given by Tguan in its Q4FY2022
2 months ago
I actually posted this few months back on the ESOS. Resharing now
Anyway i found this info in the Annual report. Might have miss it when it read it the 1st time.
Can refer to page 73 of the annual report. (Link Below). TGUAN approved 28.6M of ESOS shares at the price at RM1.13 for 5 years (2019-2024). Lets say if all are fully exercise, then TGUAN number of shareholding (NOSH) is about 410M. Not great but not a big concern as it 7% increase in NOSH and future earning will be diluted by 7%
2 months ago
Share a good teacher, when I met Glove Stock, it was the teacher who helped me to solve it and helped my stock market slowly recover losses. I hope that retail investors can unite. What good news can be shared together and spent the difficulties together!
2 months ago
No matter you earn or lose in the stock market, those are great experiences for people to learn
2 months ago
Apparel??? Didn't know Tguan do apparel.
This month, AR will be released. I'm curious to see what management thinks about the economy and how will the business be affected over the next 12 months.
1 month ago
Management keeps saying having healthy book order. not sure is over optimistic
Apparel? Didnt know that too..
1 month ago
Annual reports had always been out by end April for past 6 years, so it should be soon....
1 month ago
...Gradually decline before release annual report. Really bad sentiment for packaging company
1 month ago
PBT contracts slightly. Given the various challenges (labour cost, resin cost, finance cost etc.), its current performance is considered commendable. Outlook remains challenging...
1 month ago
If can't find any direction in their annual report, then have to attend their AGM on 22th for more information...
3 weeks ago
Anyone attending the agm. They are doing the physical arm and no more virtual. If anyone attending, pls bring this up to the management to hv both. Not everyone can attend in sg.petani Kedah.
3 weeks ago
BY INTAN FARHANA ZAINUL
ow-profile plastic packaging company Thong Guan Industries Bhd has seen stellar growth in its top and bottom line over the last five years, on the back of increasing demand for pre-mium stretch film in Europe.
The group charted a compound annual growth rate (CAGR) of almost 10% in revenue and 18% in net profit from 2018 to 2022.
Unfazed by an expected slowdown in the economy this year,Thong Guan executive direc-tor Alvin Ang See Ming is confident the group can achieve at least 10% revenue growth as it continues to expand its production capacity amid more stable raw materials prices.
"I think we can achieve it. Last year, the second half of the year was not good for us. For this year, hopefully, it can pick up again. We have seen some pickup in demand in recent months with China reopening and raw material prices stabilising," he tells The Edge in an interview.
He acknowledges that there is a risk of an economic slowdown this year, but says that demand for plastic packaging is nevertheless expected to remain robust. The group will continue its focus on expanding into the European and US markets, which have been driving its growth over the past six years.
"The market in Europe and the US is very big for premium packaging. We don't fore-see any obstacles for us to continue to grow in the next five to 10 years especially in the stretch film segment," he says.
From the edge
1 week ago
Finding sustainability in plastic packaging Plastic is widely used in many industries, especially consumer products. The regula-tions regarding the sustainability of plastic packaging are evolving and more companies are increasingly working towards environ-mentally friendly solutions.
"Sustainability has been a big topic since last year and that has transformed the in-dustry. Previously, recyclable plastic content was sold at a cheaper price, but now the trend has reversed. Plastic packaging with recycled content is selling at a higher price because of the shortage of recycled materials," Ang says. He points out that 100% of Thong Guan's products are recyclable.
Ang stresses that plastic is one of the most sustainable materials as its lighter weight re-duces its environmental footprint.
"One of the main issues with the usage of plastic is waste management, because it's light-er than water. As such, we have been working with our customers to collect all used plastic packaging since last year and recycle it our-
1 week ago
Good QR overall despite slightly lower profit due to increased cost base. Future outlook remains positive... :)
6 days ago
No one share the AGM notes here....but can refer to Kenanga one
https://klse.i3investor.com/web/pricetarget/research/67334
3 days ago
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