1. Malaysia Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
Thong Guan Industries Bhd.

Thong Guan Industries Bhd.

MMYX:TGUAN
1.46
MYR
+0.03
(+2.10%)
5.17P/E
Dec 01Next Earn
Thong Guan Industries Bhd.
MYX:TGUAN
(Bursa Malaysia)

Recent

price

1.46

P/E

ratio

5.17

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
1.81
2
2.33
3.42
3.52
3.38
3.46
3.26
3.16
2.73
2.55
3.19
3.59
3.16
3.2
3
3.26
Revenue per Share
0.07
0.1
0.1
0.13
0.08
0.18
0.26
0.16
0.16
0.18
0.2
0.24
0.26
0.18
0.17
0.16
0.28
Basic EPS, GAAP
0.07
-0.08
0.16
0.02
-0.29
0.27
0.24
-0.05
-0.08
0.06
0.19
-0.03
-0.1
0.24
0.07
0.28
0.44
Free Cash Flow per Basic Share
0.02
0.02
0.02
0.03
0.06
0.02
0.07
0.03
0.04
0.04
0.07
0.04
0.06
0.05
0.06
0.05
0.05
Dividend per Share
0.8
0.9
0.97
1.07
1.63
1.85
1.82
1.72
1.82
1.56
1.7
1.91
2.1
2.34
2.38
2.35
2.55
Book Value per Share
0.77
0.85
0.93
1.03
1.57
1.79
1.76
1.67
1.76
1.56
1.7
1.91
2.1
2.34
2.38
2.35
2.55
Tangible Book Value per Share
270
270
270
210
210
210
215
255
273
344
376
380
386
393
400
400
395
Basic Weighted Avg Shares
489
540
631
720
740
711
743
831
862
939
961
1,215
1,387
1,241
1,281
1,201
1,287
Sales/Revenue/Turnover
4.74
5.24
4.92
4.45
2.61
5.96
9.13
5.99
5.85
7.74
10.13
10.18
9.18
8.73
6.55
7.08
10.98
Operating Margin (%)
15
17
17
17
18
20
17
18
21
25
28
31
31
36
38
38
39
Depreciation Expense
20
27
27
28
17
39
56
42
44
62
75
93
100
71
67
63
110
Net Income, GAAP
12.64
3.32
4.44
9.41
2.24
8.04
15.73
15.74
16.09
15.32
19.67
21.73
18.3
21.23
23.26
19.97
21.57
Effective Tax Rate (%)
4.05
5.01
4.31
3.91
2.36
5.42
7.52
5.04
5.07
6.59
7.84
7.64
7.21
5.75
5.24
5.26
8.55
Profit Margin (%)
117
123
159
183
233
268
303
293
324
382
420
461
485
519
541
522
605
Working Capital
4
3
10
7
21
17
11
17
39
50
59
67
47
58
24
15
32
LT Debt
217
243
265
293
347
396
438
476
505
595
668
762
850
954
986
957
1,026
Total Equity
8.54
10.36
10.07
8.91
4.8
8.73
12.1
8
7.14
8.97
10.02
10.93
10.24
7.62
5.47
5.81
9.05
Return on Invested Capital (%)
8.61
10.46
9.24
8.72
4.49
8.65
11.76
8.15
7.89
9.28
9.31
10.09
10.11
7.02
6.38
6.13
9.54
Return on Capital (%)
9.4
11.79
10.8
10.22
5.54
10.53
13.63
9.35
9.09
11.55
12.33
13.47
12.86
8.17
7.14
6.7
11.2
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
166
171
186
LT Borrowings
12
18
30
LT Finance Leases
3
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
395
391
390
Market Capitalization
463
501
562

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
953
884
995
Cash, Cash Equivalents & STI
339
333
439
Accounts Receivable, Net
216
264
309
Inventories
373
281
244
Total Current Liabilities
431
334
391
Payables & Accruals
- -
- -
- -
ST Debt
166
171
186
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.36%
7.65%
-2.96%
Free Cash Flow
6.62%
16.54%
316.43%
Net Income, GAAP
7.81%
-1.9%
-6%
Sales/Revenue/Turnover
5.84%
5.42%
-6.28%
Total Cash Common Dividend
35.2%
-2.79%
-17.96%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
345
303
329
305
1,281
2025
319
297
297
287
1,201
2026
317
385
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.05
0.04
0.03
0.17
2025
0.04
0.04
0.03
0.04
0.16
2026
0.05
0.15
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
- -
0.06
2025
- -
- -
- -
- -
0.05
2026
0.02
0.03
- -
- -
- -
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Business
Thong Guan Industries Berhad, founded in 1942 and headquartered in Sungai Petani, Kedah, Malaysia, manufactures and trades plastic packaging products, including stretch films, flexible packaging, food wraps, additives, garbage bags, industrial bags, PVC cling wraps, shrink films, carry bags, courier bags, aprons, and biohazard bags; it also engages in food, beverage, and other consumable products manufacturing. The company operates primarily through its plastic products segment, which generates the majority of revenue, alongside a food and beverages segment, serving industries such as food and beverage, industrial and packaging, transport and logistics, waste and energy, retail and ecommerce, consumer packaging, hygiene and medical; its geographic footprint spans Malaysia, with manufacturing facilities in Sabah, China, and Thailand, and exports to Oceania, Europe, North America, and other Asian countries. Listed on the Main Board of Bursa Malaysia since 1997 under ticker 7034.KL, it maintains investment holding activities and trading of plastic and petroleum products. In June 2025, Thong Guan terminated a proposed disposal of its subsidiary Syarikat Thong Guan Trading Sdn. Bhd. to Foremost Equals Sdn. Bhd. for MYR 60 million due to disagreements on purchase consideration, opting to retain operations in the food and beverage segment and refunding a MYR 6 million deposit; the company recently commissioned a new stretch hood production line to boost efficiency in shrink film output, ramps up industrial bag production amid rising orders for packaging of bread, oil, flour, and sugar, and pursues global expansion of its proprietary nano stretch film technology, achieving double-digit growth in the US market while promoting shrink films locally for bundling items like mineral water bottles; additionally, it entered a joint venture with Perbadanan Kemajuan Negeri Kedah for property development and announced a share buyback program in November 2025.