TGUAN

I ask A, A siad this one can buy. Last time csc i also ask A, A said can buy. Must have faith he never lie to me. So What i bought today

Let me analyze
tguan x 11000 @ 0.82

why buy this?

1.Based on recomendation from investment guru's Hutu

3Q09 eps = 10.56
Projected = 15

Actual
FY09 eps = 13.51
cash per share = 0.3522
net cash company
NTA = 1.93

current asset 177,910
current liability 72,264
long term borrowing 207
cash 37,060 increase
share 105,205

cash per share 37060/105,205 = 35.22c
cash vs share % 35.2/0.82 = 42.95% --> cash rich
trade receivable acceptabe. potential to give dividen. ( so , it was truth coz announce that it pay 4 cent dividen)

Receivable turnover Ratio
tguan = 68575/403,060 x 365 = 62.09 (Actual Full Quarter)

If Trade Reveivable + Inventories net of Trade payables and borrowing

Invotories value roughly 74,000/105205 = 0.70(minimum)


industrial benchmark pe = 10
if pe = 10 this will translate to share price 1.35

potential to be 1 bagger

price(march) vs eps(FYEnd)
2002
1,27 vs 10.2 benchmark =12

2003
3.1 vs 0.206 benchmark = 15

2004
2.25 vs 0.2548 benchmark = 10

2005
1.75 vs 0.2144 benchmark = 8.16

2006
1.47 vs 0.2033 benchmark = 7.23

2007
0.86 vs 0.1139 benchmark = 7.55

2008
0.70 vs 0.042 benchmark = 16.6

2009
0.82 vs 0.135 = ???? (undervalue)

A first and final tax exempt dividend of 2% ( 2 sen per share ) amounting to RM 2,104,090
in respect of the financial year ended 31 December 2008 was paid on 7 August 2009.

So i projected the 4cent will paid on 7 August 2010 this year.