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%

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

ChunWong93

At least both their revenue and net profit increased year over year

2 months ago

PuaQW91

By the way, Kenaga was quite optimistic over Tguan's growth

2 months ago

snowball2000

Good QR, but price plunging... Anyone has any news?

2 months ago

PuaQW91

Price fall due to internal HR restructuring...?

2 months ago

flyhub888

i hav no idea why the price is drop

1 month ago

Pinky

Kenanga TPs have always been crazily overoptimistic on this stock.

1 month ago

Phoebe

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

PuaQW91

Yup. That could be one of the reason

1 month ago

Phoebe

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

PuaQW91

Looks like can seek for cheaper price to enter. Hehe

1 month ago

Phoebe

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

PuaQW91

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

Bullbursa

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

flyhub888

should worth rm3 at least but it nvr went that high.. hmm

1 month ago

PuaQW91

because the buying sentiment isn't there yet, it's difficult to move up to RM3 for the time being...

1 month ago

Bullbursa

Cgs-cimb TP RM4.54

1 month ago

PuaQW91

Another IB has optimistic view on Tguan besides kenanga

1 month ago

PuaQW91

I think can kutip a bit bit at this moment. Hehe

1 month ago

flyhub888

yes i thnk quite stable their share price now

1 month ago

PuaQW91

12.12 sales, Christmas sales and New Year sales will boost up its revenue

1 month ago

PuaQW91

No much volume today. But good thing is Tguan still floating above rm2.30

1 month ago

Phoebe

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

PuaQW91

This new electricity tariff is tax deductible ba

1 month ago

Phoebe

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

PuaQW91

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

PuaQW91

May be Tguan will increase their packaging price next year..

1 month ago

Phoebe

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

PuaQW91

yupe. Wait for Feb 2023 then

1 month ago

PuaQW91

I guess buying spree will slow down after CNY,,,

3 weeks ago

Phoebe

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

PuaQW91

Lol. Instead, the stock price rises as a result of Tguan's bleak outlook. 

3 weeks ago

Phoebe

It rises because it seems like TGUAN is one of the beneficiaries of the re-opening of China's economy.

3 weeks ago

Pinky

TGUAN has been a value trap for some time

Dividend too stingy. If dividend is more generous I would hold

3 weeks ago

PuaQW91

@Pinky. Should raise up this issue during their AGM. hehe

3 weeks ago

Phoebe

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

PuaQW91

General answers from most of the companies, especially Tech companies

3 weeks ago

PuaQW91

Can see the buying spree during CNY period. That could explain Tguan is moving up recently

2 weeks ago

PuaQW91

Kenanga is raising Tguan's TP. Looks like good Q4 results can be expected from them

2 weeks ago

Pinky

Reduced TP la

2 weeks ago

Pinky

3.99 to 3.28

Reduced growth rate assumption too

2 weeks ago

PuaQW91

For this year's TP I meant. But yes, growth rate is reduced due to the gloomy 2023 economy

1 week ago

PuaQW91

Shoot! Share price retraces due to ESOS...Thought can break RM2.45

1 week ago

PuaQW91

Back to the price movement to break Rm2.45. hehe

6 days ago

Rambutan9

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

Pinky

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

flyhub888

looks like its time to move on..

4 days ago

Phoebe

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

Darren Woo

^ Thanks for sharing, good info

4 days ago

PuaQW91

Great sharing, Phoebe. Those are the risks that most of the industries are facing currently.

2 days ago

Phoebe

@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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