THONG GUAN INDUSTRIES BHD
KLSE (MYR): TGUAN (7034)
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Last Price
1.94
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Profile
THONG GUAN INDUSTRIES BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Subsector: PACKAGING MATERIALS PACKAGING MATERIALS
Index Group: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Address
Lot 52, Jalan PKNK 1/6 Kawsan Perusahaan Sungai Petani, Sungai Petani, Kedah Darul Aman 08000, Malaysia
+6044417888
Discussions
14 people like this. Showing 50 of 6,477 comments
Sales down compared to last year and also against immediate preceding quarter
Profit margin down compared to last year
No dividend
Ugly!!!
1 month ago
Plastic packaging business is slowing down...At least Tguan's Q2 outperformed Q1 in terms of EPS
1 month ago
Looks like Q3 might be even uglier. The ICPT was not reflected in the last QR because ICPT revised on 1st July 2023.
1 month ago
@Phoebe ICPT is reflected in latest QR; it’s stated as one of the main reasons why PBT dropped apart from subdued plastic demand.
1 month ago
ICPT was revised from RM0.20/kWh to RM0.17/kWh. If I m not mistaken, TGuan should see some respite in terms of electricity charges next quarter?
4 weeks ago
Snowball was correct when he stated that the ICPT was reduced from 0.20 to 0.17/kwh. However, keep in mind that Tguan and many other plastic companies signed up for the Green Energy Tariff from January to June of this year, with an ICPT of 0.037/kwh and a GET subscription cost of 0.037. In short, they were only paying 0.074 cents per kWh. Of course, the GET was limited to 30% of total energy consumption. However, if you refer back to the AGM and AR, I believe plastic packaging was given a higher GET capacity, but I'm not sure of the exact figure.
3 weeks ago
no momentum no strength no buy ........tguan super duper tortoise ......only selling much better
3 weeks ago
If Management pays shareholders higher dividend, can get 4%+ dividend yield maybe still can justity
2%++? Cannot support la
3 weeks ago
If the management can declare a dividend policy like BP Plastic, that will certainly boost investor confident. And stop all the esos and director disposing the shares recently (even thou a small qty) does not bode well with investor confidence.
3 weeks ago
Yes fruitcake.....pls tank the price by dumping more and then you can move on.....
No point of harping on this counter.....next Q will be bad...
6 days ago
You are absolutely right.....too late...
As a matter of fact....This counter is gg.com
6 days ago
It looks like the plastic packaging materials manufacturers will end up like the rubber glove manufacturers.
6 days ago
last stop 1.95 -1.96 ...no more drop already. Now just need time to recover thats all
3 days ago
Its already downtrend .......today only notice ???
chkhooju
Down trending stock. Beware.
1 hour ago
2 days ago
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Dehcomic01
Over the past 10 years, TGUAN delivered an average ROE of 10%. A valuation also showed that there is some margin of safety. Moral of story? Worth digging further. For more insights go to https://www.moomoo.com/community/feed/110935999512582?global_content=%7B%22promote_id%22%3A14079%2C%22sub_promote_id%22%3A25%7D
1 month ago