KLSE: TGUAN (7034)       THONG GUAN INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.30   0.00 (0.00%)  2.28 - 2.30  33,400
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Market Cap: 907 Million
NOSH: 394 Million
Avg Volume (4 weeks):247,004
4 Weeks Range:2.19 - 2.32
4 Weeks Price Volatility (%):
52 Weeks Range:2.19 - 2.76
52 Weeks Price Volatility (%):
Average Price Target: 3.72
Price Target Upside/Downside: +1.42
Stamp duty exempted for year 2023

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: 2.059  |  1.12
T4Q NP Margin | ROE: 7.31%  |  11.90%


Date Subject
21-Mar-2023 【行家论股】通源工业 需求改善销量提升
21-Mar-2023 MQ Market Updates - 21 March 2023
17-Mar-2023 Plastic Packaging - 4QCY22 Results Review: Slowdown Looms
01-Mar-2023 Thong Guan Industries - Securing Future by Expansion and R&D
16-Feb-2023 Manufacturing Day - Business and ESG Investments Undeterred by Headwinds
17-Jan-2023 Plastic Packaging - Bracing for a Slowdown
06-Jan-2023 MQ Market Updates - 06 January 2023
23-Dec-2022 Thong Guan Industries - Growth Despite Various Headwinds
30-Nov-2022 Thong Guan Industries - A Soft Patch, Prospects Intact
28-Oct-2022 Thong Guan's Bullish Momentum Picked Up Pace, Says RHB Retail Research
27-Oct-2022 MQ Market Updates - 27 October 2022
27-Oct-2022 Trading Stocks - Thong Guan Industries
26-Oct-2022 Mplus Market Pulse - 26 Oct 2022
21-Sep-2022 MQ Market Updates - 21 September 2022
21-Sep-2022 通源工业上挑RM2.85/敏源
21-Sep-2022 Trading Stocks - Thong Guan Industries
19-Sep-2022 Thong Guan Industries - Volume and Margin Boosts
09-Sep-2022 Manufacturing - 2QCY22 Results Review: Humming With Vibrancy
26-Aug-2022 MQ Market Updates - 26 August 2022
26-Aug-2022 Thong Guan Industries Bhd - Easing Resin Prices to Boost Margins

Business Background

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.
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  14 people like this.
PuaQW91 Ya. Let's see got any subsidies / tax incentive or not in revised Budget 2023
21/02/2023 2:29 PM
Pinky BPPLAS mediocre results, brace yourself for similar if not worse with TGUAN
27/02/2023 9:50 PM
Phoebe 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.
28/02/2023 5:08 AM
PuaQW91 I thought the end of the month was supposed to be a shopping spree...
28/02/2023 6:00 PM
Papayashot 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.
28/02/2023 8:59 PM
Pinky Yea no like


However, labour costs and sales demand are 2 question marks too
28/02/2023 10:31 PM
Pinky Previously I targeted to re-enter at 2.30. Now I think 2.20 more suitable re-entry
28/02/2023 10:38 PM
simon_nick Habis lah TGUAAN
28/02/2023 10:47 PM
All_in_2021 The management said confident with the europe line. Is it a new line?
01/03/2023 9:56 AM
Pinky Aggressive expansion. Jangan nanti become glove 2.0
01/03/2023 10:47 AM
Phoebe 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.
01/03/2023 11:14 AM
PuaQW91 Still declared 2.25 cents dividend nevertheless. I guess can get cheaper than RM2.20 for the share price
01/03/2023 5:28 PM
All_in_2021 electricity is a big hit to most of the companies. One question - polyethylene price increase will impact their cost or selling price? or both
01/03/2023 5:47 PM
PuaQW91 Definitely will impact their cost and mostly they will transfer the cost to their consumers by increasing the selling price
02/03/2023 4:06 PM
Pinky Okay. Re-entered. Attractive entry point.
02/03/2023 9:46 PM
Pinky China reopening and manufacturing restart will be good for TGUAN
02/03/2023 9:47 PM
Phoebe Didn't drop to my buy Q price. Lowest was 2.24 Maybe better luck next time.
04/03/2023 3:22 PM
PuaQW91 Still got chance when BNM announce latest OPR I guess
06/03/2023 2:41 PM
flyhub888 does tguan interested to venture into glove manufacturing
06/03/2023 10:25 PM
EatCoconutCanWin Good if go in glove
06/03/2023 10:28 PM
Phoebe 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.
07/03/2023 3:51 PM
PuaQW91 Don't know BN will surprise market or not by raising rate instead

07/03/2023 5:03 PM
flyhub888 but if it is foreseen to be weakness, the share price will plunge further
08/03/2023 12:48 AM
PuaQW91 It's coming. Give me RM2.20 tomorrow
08/03/2023 7:18 PM
TheGardener Where is RM3, RM4, RM5....... please? Ha Ha Ha Ha Ha Ha!
09/03/2023 11:24 AM
simon_nick TGUAN going Holland :(
09/03/2023 11:53 AM
PuaQW91 Get it at RM2.22 instead. Haha. Don't wanna wait alrdy for RM2.20
09/03/2023 6:33 PM
flyhub888 kenaga TP nvr hit
09/03/2023 11:14 PM
flyhub888 no volume
11/03/2023 1:44 PM
PuaQW91 Bad market sentiment...next average down price is RM1.80 if market crash
13/03/2023 3:40 PM
flyhub888 think so.. rm1.80 or even worse
13/03/2023 7:52 PM
PuaQW91 Ya...better don't simply goreng stocks right now
14/03/2023 6:05 PM
flyhub888 keep cash safer and re enter when market stable
14/03/2023 7:49 PM
PuaQW91 Cash is king now so that can be greedy when market is crashing
15/03/2023 4:13 PM
Phoebe 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.
16/03/2023 10:15 PM
faridfet mayday mayday jual
17/03/2023 9:35 AM
PuaQW91 Not yet. wait a good price to sell
17/03/2023 4:08 PM
flyhub888 how is the prospect of this company
17/03/2023 9:36 PM
PuaQW91 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
20/03/2023 4:22 PM
All_in_2021 How much more ESOS they can exercise? Keep diluting the EPS
20/03/2023 6:52 PM
PuaQW91 Probably need to ask their management about that during this upcoming AGM...
21/03/2023 5:19 PM
Phoebe 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%
22/03/2023 9:52 AM
PuaQW91 Thanks for sharing, Phoebe. Good thing Tguan is going up instead recently
22/03/2023 5:27 PM
All_in_2021 great analysis Phoebe. Great to have u here :)
22/03/2023 5:42 PM
PuaQW91 What a great momentum Tguan is having this week. Uptrend coming?
24/03/2023 6:17 PM
flyhub888 rm3 cominggg
24/03/2023 8:30 PM
PuaQW91 Rm3 is a bit high for Tguan's TP as for now
27/03/2023 4:10 PM
PuaQW91 anyway, positive momentum for Tguan these few days
29/03/2023 7:39 PM
def147258 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!
29/03/2023 7:40 PM
Leanorn I appreciate your diligence in completing this task.
I understand that you were unsure of your answer, but you answered correctly.
29/03/2023 8:27 PM

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