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Stock With Momentum: Thong Guan Industries

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Stock With Momentum: Thong Guan Industries

Post by Cals Fri 11 Dec 2015, 21:47

Stock With Momentum: Thong Guan Industries

By Asia Analytica / The Edge Financial Daily | December 11, 2015 : 10:21 AM MYT

This article first appeared in The Edge Financial Daily, on December 11, 2015.

[size=16]Thong Guan Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.50) (-ve)

SHARE price of Thong Guan (Fundamental: 2.5/3, Valuation: 1.4/3) continued to rise after announcing its 3Q2015 earnings results last month. The stock, one of InsiderAsia’s Top 10 picks for 2015, has risen by 51.7% year-to-date, outperforming the KLCI by 58.1%.

For 3Q2015, net profit surged 129.0% y-y to RM11.3 million, boosted by higher margin export sales which are mainly denominated in USD. Revenue, meanwhile, declined 5.0% to RM182.3 million, largely due to lower selling prices, following decline in raw materials prices.

Kedah-based Thong Guan mainly manufactures plastic packaging, including cast pallet stretch film, garbage bags and PVC food wraps. The company is a beneficiary of the stronger USD as export accounted for 78.4% of its revenue in 2014.

The stock trades at a 22.6% discount to its book value of RM3.59. The company paid dividends consistently, since 2004. For 2014, dividends totalled 7 sen per share, giving a net yield of 2.5%.

[You must be registered and logged in to see this image.]
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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