THONG GUAN INDUSTRIES BHD
KLSE (MYR): TGUAN (7034)
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Last Price
2.30
Today's Change
0.00 (0.00%)
Day's Change
2.28 - 2.30
Trading Volume
33,400
Overview
Market Cap
907 Million
NOSH
394 Million
Avg Volume (4 weeks)
247,004
4 Weeks Range
2.19 - 2.32
4 Weeks Price Volatility (%)
84.62%
52 Weeks Range
2.19 - 2.76
52 Weeks Price Volatility (%)
19.30%
Previous Close
2.30
Open
2.28
Bid
2.30 x 400
Ask
2.31 x 2,000
Day's Range
2.28 - 2.30
Trading Volume
33,400
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2022 [#4] | 28-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 26-May-2023
T4Q P/E | EY
9.38 | 10.66%
T4Q DY | Payout %
2.97% | 27.88%
T4Q NAPS | P/NAPS
2.06 | 1.12
T4Q NP Margin | ROE
7.31% | 11.90%
Market Buzz
2023-03-29
2023-03-24
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 6,313 comments
Yup, citing higher cost of raw material and operation cost. The higher cost didn't include the recent hike of electricity tariff and adjustment on working hour. Futhermore EU recently review the single use plastic and target to reduce by 5% by 2030 base on 2018 consumption (more or less something like that). It operating environment is getting more challenging.
4 weeks ago
As analysts covering BP Plastics and Thong Guan, we need to underscore that these companies' stretch films are 100 per cent recyclable, and a substantial part of the raw materials for their stretch films are sourced from recyclable products," CGS-CIMB Research further noted.
Thong Guan's production facilities in Peninsular Malaysia are also completely powered by solar energy, making the company one of the biggest users of this renewable energy in Malaysia.
4 weeks ago
Yea no like
https://www.thestar.com.my/business/business-news/2022/07/22/thong-guan-transitions-into-100-renewable-energy-for-its-electricity-supply
However, labour costs and sales demand are 2 question marks too
4 weeks ago
Previously I targeted to re-enter at 2.30. Now I think 2.20 more suitable re-entry
4 weeks ago
Yes, it is a new line.
Still standing strong and recover abit from today's drop. I shall wait for next Q result. That will be interesting because if past results down due to increase of operation cost, then electricity and labour will put more pressure to it.
4 weeks ago
Still declared 2.25 cents dividend nevertheless. I guess can get cheaper than RM2.20 for the share price
4 weeks ago
electricity is a big hit to most of the companies. One question - polyethylene price increase will impact their cost or selling price? or both
4 weeks ago
Definitely will impact their cost and mostly they will transfer the cost to their consumers by increasing the selling price
3 weeks ago
No gloves plsss........
Heard that latest OPR will remain the same but like i say, Jan-March results might see some weakness due to increase in operating cost. So, there might be some opportunity to buy on weakness.
3 weeks ago
Don't know BN will surprise market or not by raising rate instead
https://www.thestar.com.my/business/business-news/2023/03/06/central-bank-forecast-to-hold-opr-steady
3 weeks ago
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.
1 week 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
1 week 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%
1 week 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!
1 hour ago
I appreciate your diligence in completing this task.
I understand that you were unsure of your answer, but you answered correctly.
56 minutes ago
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Ya. Let's see got any subsidies / tax incentive or not in revised Budget 2023
1 month ago