THONG GUAN INDUSTRIES BHD
KLSE (MYR): TGUAN (7034)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
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")
Discussions
14 people like this. Showing 50 of 6,677 comments
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
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
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
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
ESOS is another down factor for this counter. The constant conversion of esos dilutes the earnings.
2 months ago
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
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
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
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
@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
@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
The management has set to archieve RM 2Billion revenue by 2027. I wonder how achievable is this target.
1 month ago
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
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
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
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
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Coffeewithshares
2
3
5
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jeffrey1166
tguan will good
2 months ago