THONG GUAN INDUSTRIES BHD

KLSE (MYR): TGUAN (7034)

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Last Price

1.67

Today's Change

0.00 (0.00%)

Day's Change

1.67 - 1.71

Trading Volume

916,200

IPO Info
Offer Period

Opening

Closing

Time Table

Allotment Date

Listing Date

Price

Issue Price

-

Units

-

Share Capital

0.000

No of Shares

Public Issue

-

Offer for Sale

-

Private Placement

-

Issuing House

-

ISIN Code

-

Prospectus:

RENOUNCEABLE RIGHTS ISSUE OF UP TO RM52,602,250 NOMINAL VALUE OF 5-YEAR 5.00% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK AT 100% OF ITS NOMINAL VALUE OF RM1.00 EACH ("ICULS") ON THE BASIS OF ONE (1) RM1.00 NOMINAL VALUE OF ICULS FOR EVERY TWO (2) ORDINARY SHARES OF RM1.00 EACH ("RIGHTS ICULS") IN THONG GUAN INDUSTRIES BERHAD ("TGIB") ("TGIB SHARE(S)") HELD AT 5.00 P.M. ON 17 SEPTEMBER 2014, TOGETHER WITH UP TO 26,301,125 FREE NEW WARRANTS ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ICULS SUBSCRIBED FOR PAYABLE IN FULL UPON ACCEPTANCE BASED ON A MINIMUM SUBSCRIPTION OF 27,031,787 RIGHTS ICULS ("RIGHTS ISSUE OF ICULS WITH WARRANTS")

TGUAN-Abridged Prospectus.pdf

TGUAN-NPA & RSF Form.pdf

TGUAN-Abridged Prospectus.pdf

TGUAN-NPA & RSF Form.pdf

Discussions
14 people like this. Showing 50 of 6,677 comments

jeffrey1166

tguan will good

2 months ago

PuaQW91

Tguan is undervalued still

2 months ago

Phoebe

I used to respect the management of the company for their commitment in publishing the minutes of their AGM and holding virtual AGMs. Not sure what has change and somehow feel that this company become less investor friendly. Kinda disappoint with the them.

2 months ago

PuaQW91

Do they have IR ?

2 months ago

Pinky

A value trap can be "undervalued" for longer than you can take it

2 months ago

Phoebe

They have finally uploaded the 29th AGM minutes but only 2 question asked. I guess not many people attended the AGM. If it was done online, I believed many will have participated and ask some tough critical question. Maybe that is the intention to have physical AGM instead. They shared that the venture into property due to the peers is doing the same. I think they are referring to scientex. Hope they really have the know how.

https://www.thongguan.com/agm/

2 months ago

PuaQW91

Ya, virtual meeting can help the company to save costs too. Not a bad move for Tguan to venture into property sector

2 months ago

PuaQW91

Plastic packaging players anticipate sustained orders through the remainder of CY24, supported by a global recovery in manufacturing activities and consumer spending

https://www.businesstoday.com.my/2024/07/04/manufacturing-renaissance-boon-for-local-plastic-packaging-players/

2 months ago

Phoebe

@PuaQW91, Thanks for sharing the information.

2 months ago

PuaQW91

Nice, go back up to RM2 🤗

2 months ago

flyhub888

got dividend?

2 months ago

PuaQW91

Probably got. Wait Aug or Sep

2 months ago

PuaQW91

Shoot... Failed to stay above RM2

2 months ago

sugerdad

dividend no give....how to up

2 months ago

Phoebe

ESOS is another down factor for this counter. The constant conversion of esos dilutes the earnings.

2 months ago

Pinky

T4Q DY | Payout %
1.52% | 15.63%

Way too low to be acceptable. If pay 30% at least can get 3%, can match FD rate, to compensate for the holding period.

2 months ago

million76

The worst counter amongst all the plastic packaging companies

2 months ago

Maxpowar

Investors are not confident they will succeed in their diversification into the property sector. I don’t understand why would the management do that, esp when they have failed in F&B in 2017. But what do we know as retail investors right..I just pray for the best zzzzzz

2 months ago

Phoebe

They trying to copy scientex and this was also briefly mentioned in their AGM (of course without citing scientex). Scientex has been successful in property. In fact there are few quarters that the property performed much better than their plastic business and helped to maintain the company earnings.

2 months ago

Maxpowar

Scientex didn’t get into the property sector just because they saw their competitors doing well in it. In other words, TGUAN dipping their feet into property sector for the wrong reason. What advantage do they have that increases their odds of winning? As plastic demand is coming back based on 2Q2024 GDP, I hope their adventure into property won’t offset their earnings from the plastic sector.

2 months ago

PuaQW91

I think Tguan will declare dividend on August ...

2 months ago

lloydlim

Time to accumulate!

1 month ago

Pinky

Time to go Holland XD

1 month ago

speakup

Drop 3 sen only dah panik

1 month ago

Phoebe

@Maxpower, That was my thought as well. Furthermore, their property venture is mostly in Kedah as they JV with state government to build commercial lot. I was wondering what is the demand like for commercial property in Kedah?

1 month ago

Maxpowar

@Phoebe The area which they plan to develop shop lots is newer area of Sg Petani, more atas taman if you will. (think Seremban 2) Nearby there already got franchises like Starbucks,Uniqlo etc.

To be fair, their 190mil net cash position makes the whole property venture less worrying in relation to the profits they make from plastics and F&B segments.

Will see what’s the upcoming QR like before making decision.

1 month ago

PuaQW91

Mostly good one Tguan's Q2 results

1 month ago

curiousq

this is a very chinaman counter, very stingy, very hard to let you earn money

1 month ago

Phoebe

@Maxpower,
Thanks for sharing the information.

1 month ago

Phoebe

The management has set to archieve RM 2Billion revenue by 2027. I wonder how achievable is this target.

1 month ago

PuaQW91

It is possible after expanding into the property sector

1 month ago

Maxpowar

I think it’s not unrealistic to achieve 2b revenue given the current revenue trajectory, esp they’re slowing penetrating deeper into the European and US market.

1 month ago

katara

buy more ..

1 month ago

PuaQW91

Ya, buy more for dividend in Sep / Oct 😁

1 month ago

curiousq

Heavily manipulated by chinaman type of big boss , pkm

1 month ago

Lee Ying Yee

dir esos$1.13 from 12/20 issue up to day . and dir sold high price in the market , so u forever is looser ??

1 month ago

S363636

还好不是业绩炸弹,我觉得还可以。抛去2021,2022的红利期,现在营业额跟盈利慢慢爬回上来了,还有股息收很可以。现金增加了50mil,短期债务也减少了。

4 weeks ago

Maxpowar

@S363636 why did you copy my comment on klsescreener bro? =.=

4 weeks ago

flyhub888

u tic tac toe?

4 weeks ago

Maxpowar

@flyhun888 yes.

4 weeks ago

SincereStock

first time entering TGUAN at 1.75 (9am open price, 22 august 2024). downtrending old school important business that is still profitable (PE below 10) and not sunsetting in foreseeable future. more cash than total liabilities. nice NTA discount. fulfilling well my main criterias for value trading, thanks for the downtrend to provide a good opportunity to entry this counter that previously traded at fair or above fair value at discounted value. and thanks for the recent QR report that attract my attention to this counter that I ignored for long

4 weeks ago

SincereStock

price still not even fully recover from black monday

4 weeks ago

snowball2000

Resuming dividend payments, nice!

4 weeks ago

GLNT

It never stopped giving dividends. What's resuming?

4 weeks ago

snowball2000

Last quarter no dividend, used to be 4 times a year.

4 weeks ago

snowball2000

Hoping for another dividend announcement in Nov... :)

4 weeks ago

Maxpowar

Perhaps they’ve changed dividend payout to twice yearly. All in all, I’m satisfied with this QR, not expecting for growth next QR as management team said during AGM, just don’t give us deep plunge in top and bottom line will do.

4 weeks ago

Pinky

Kenanga TP still can trust? Holland ticket for so long time 😂

3 weeks ago

TheGardener

May I know where is your Seafood please!? Seafood ok!?

3 weeks ago

EatCoconutCanWin

AI ni

4 hours ago

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