THONG GUAN INDUSTRIES BHD
KLSE (MYR): TGUAN (7034)
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Last Price
2.41
Today's Change
-0.02 (0.82%)
Day's Change
2.40 - 2.45
Trading Volume
337,800
Overview
Market Cap
948 Million
NOSH
393 Million
Avg Volume (4 weeks)
327,200
4 Weeks Range
2.35 - 2.52
4 Weeks Price Volatility (%)
35.29%
52 Weeks Range
2.10 - 2.76
52 Weeks Price Volatility (%)
46.97%
Previous Close
2.41
Open
2.43
Bid
2.41 x 9,600
Ask
2.43 x 2,000
Day's Range
2.40 - 2.45
Trading Volume
337,800
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2022 [#2] | 25-Aug-2022
Next QR | Est. Ann. Date
30-Sep-2022 | 18-Nov-2022
T4Q P/E | EY
9.51 | 10.52%
T4Q DY | Payout %
2.43% | 23.09%
T4Q NAPS | P/NAPS
1.99 | 1.21
T4Q NP Margin | ROE
7.71% | 12.75%
Market Buzz
2023-01-26
2023-01-26
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: PACKAGING MATERIALS
Subsector: PACKAGING MATERIALS
Description:
Thong Guan Industries Bhd is a Malaysia based investment holding company. Along with its subsidiaries, the firm is engaged in trading of plastic packaging products. It operates in two segments including Plastic products and Food, beverages and other consumable products. The company generates the majority of the revenue from the plastic products segment which comprises of stretch films, garbage bags, industrial bags and PVC (Polyvinyl chloride) food wrap.
Discussions
14 people like this. Showing 50 of 6,249 comments
The only reason i can think off is the strengthening of RM against USD might have impact on the forex gain/loss and also it might affect their upcoming revenue since they are mainly export driven and the conversion USD to RM might reduce.
1 month ago
Let's see this 19th Dec on the vote of confidence. If AI get 2/3 vote of confidence, then RM might strengthen further. It is good for import driven business but bad for export driven business. Furthermore, most online sales such as Amazon, alibaba and taobao has reported lesser sales and it is predicted next year will be worst before it get better. I guess this is also another factor. If gomen pass the online sales tax, i believed it will dampen further this counter. Just my 2c thought but preparing myself for the uncoming headwind
1 month ago
read recent IB coverage on BPPLas and indeed there is a strong headwinds. I guess the entire stretch film industry will face the similar problem just like what happen to gloves. Being more cautious now.
https://klse1.i3investor.com/blogs/kenangaresearch/2022-12-08-story-h-303919558-BP_Plastics_Holding_Feeling_the_Pinch_From_Global_Slowdown.jsp
1 month ago
Agreed. Right now need to worry about subdued demand for packaging materials in the event of a sharp slowdown in the global economy
1 month ago
Kenanga research maintain TP3.99 for Tguan. Lower the TP for Bpplas. Tguan qr improved QoQ even not in favorable market. Without the economy recession concern, it would hv been traded above RM3 easily
1 month ago
because the buying sentiment isn't there yet, it's difficult to move up to RM3 for the time being...
1 month ago
Wondering how will the new electricity ICPT tariff affect Tguan starting 1st Jan. Not much clarity except those medium voltage and High voltage consumer will need to pay 20c instead of 3.7c for the ICPT. That is a huge increase in terms of the ICPT rate and Tguan is not in the list of exemption (agriculture, SME, food manufacturer and LV non-domestic)
1 month ago
Huh? They introduce a new tax deduction just for this electricity tariff?
As for as i know It increase your operating cost and hence lead to reduce in profit margin. The increase is significant which is a out 30% of overall electricity cost.
1 month ago
Next year will start implementing. Need to ask their management how to mitigate that cost in order to maintain their profit margin
1 month ago
The AGM will be in May/June next year. The 4Q report should give you some info on the impact of the ICPT.
1 month ago
The strengthening of RM against USD and the increase of ICPT does not goes well with export oriented company. RM up against the greenback should giving more buying power to power producer and hence lower the operating cost but it would't be pass down to consumer as the ICPT will be reviewed only in Jul'23. Revenue also might drop due to exchange rate.
3 weeks ago
It rises because it seems like TGUAN is one of the beneficiaries of the re-opening of China's economy.
3 weeks ago
TGUAN has been a value trap for some time
Dividend too stingy. If dividend is more generous I would hold
3 weeks ago
The div question was asked in the AGM and if not mistaken management ans that the need the money for the expansion. They said it is better for all shareholder by growing the company and create more value of the company .
3 weeks ago
Can see the buying spree during CNY period. That could explain Tguan is moving up recently
2 weeks ago
Kenanga is raising Tguan's TP. Looks like good Q4 results can be expected from them
2 weeks ago
For this year's TP I meant. But yes, growth rate is reduced due to the gloomy 2023 economy
1 week ago
Auditor n consultant used to talk very highly of this counter, when he left,I follow suit.That was quite a long while ago.I am surprised to see quite a few familiar players still here.Friends, don't not overstay,move on to greener pastures.
5 days ago
Yea, this counter has been smelling like a value trap for some time already. Finally, even the analyst damn bullish on this counter, KENANGA also reduced its TP.
5 days ago
Tguan is a long-term investment, however, I will wait for Q1'23 results that should release by end of may to see how much it is impacted due to:
1. The raise in electricity ICPT from 3.7c to 20c.
2. The strengthening of RM to USD that has strengthen about 10%.
3. The increase of labor wages and also reduction of work time from 48 hours to 45 hours per week starting 1st Jan'23. This will increase the overhead with the same working hours.
4. Increase of commercial water tariff (about 28%) and IWK charges as well.
The above will put pressure on its revenue and profit margin and furthermore don't forget about potential forex loss.
4 days ago
Great sharing, Phoebe. Those are the risks that most of the industries are facing currently.
2 days ago
@Pua....Yeap, that why i will see if there will be any weakness and accumulate more.
For me Tguan is a longer term investment which is 5 to 7 yrs and hence i can wait to buy on weakness.
2 days ago
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At least both their revenue and net profit increased year over year
2 months ago