Thong Guan Industries stock dividend – Thong Guan Industries Bhd Announces Cash Dividend of 0.0125
June 11, 2023
🌥️Dividends Yield
Thong Guan Industries ($KLSE:7034) Bhd announced a cash dividend of 0.0125 on June 1, 2023. This is the fourth consecutive year the company has issued a dividend per share, which were 0.06 MYR in 2021, 0.06 MYR in 2022, and 0.05 MYR in 2023. The ex-dividend date is June 28, 2023 and investors should purchase shares before this date to receive the dividend. Investors should also note that dividends are subject to change depending on the company’s financial performance.
Price History
The stock opened at RM2.2 and closed at RM2.2, up by 1.4% from the previous closing price of RM2.2. This dividend announcement was made to reward the shareholders for their long-term investment in the company. With the announcement of this dividend, Thong Guan Industries Bhd reaffirmed its commitment to rewarding its shareholders for their loyalty and support. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Thong Guan Industries. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 94.9 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Thong Guan Industries. More…
| Operations | Investing | Financing |
| 174.66 | -129.8 | -41.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Thong Guan Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.28k | 415.69 | 2.13 |
Key Ratios Snapshot
Some of the financial key ratios for Thong Guan Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | 15.6% | 9.1% |
| FCF Margin | ROE | ROA |
| 3.0% | 9.4% | 6.1% |
Analysis
GoodWhale provides the following analysis on THONG GUAN INDUSTRIES BHD’s fundamentals. Our Star Chart shows that the company is strong in asset, dividend, growth, and medium in profitability. Additionally, its health score is 8/10, indicating that its cashflows and debt are sufficient to sustain future operations even in times of crisis. We classify THONG GUAN INDUSTRIES BHD as a ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth thanks to its strong competitive advantage. Investors who are looking for companies with solid fundamentals, strong financials, and strong competitive advantages may be interested in investing in THONG GUAN INDUSTRIES BHD. With its high health score, its strong asset, dividend, and growth, as well as its medium profitability, THONG GUAN INDUSTRIES BHD is likely to generate good returns for investors. More…
Peers
It currently competes with SLP Resources Bhd, PT Berlina Tbk, and Yik Wo International Holdings Ltd in the market for packaging solutions. All four companies strive to provide the best quality products and services to their customers, with each having their own unique strategies and areas of expertise.
– SLP Resources Bhd ($KLSE:7248)
SLP Resources Bhd is a Malaysian-based company that provides integrated engineering and manufacturing services for cleanroom and industrial gloves. The company has a market capitalization of 293.19 million as of 2023 and a return on equity of 8.4%. The market capitalization is an important indicator of the size of the company and its value to investors, as it represents the total market value of the company’s shares. A high return on equity indicates that the business is generating a decent return on the money invested in it by shareholders. SLP Resources Bhd is a well-established company that is continuing to grow and improve its profitability and return on equity.
– PT Berlina Tbk ($IDX:BRNA)
PT Berlina Tbk is an Indonesian-based company providing services in the areas of public transportation, logistics, and shipping. It has a market capitalization of 1.06 trillion as of 2023, which indicates that it is a large and well established business. Its Return on Equity (ROE) of 6.2% indicates that it has been able to generate profits for its shareholders, and that it is a sound investment for those looking for a steady return. PT Berlina Tbk is well-positioned to further grow and capitalize on the opportunities available in its markets due to its strong financial performance and strong market cap.
– Yik Wo International Holdings Ltd ($SEHK:08659)
Yik Wo International Holdings Ltd is a Hong Kong-based company that provides industrial and construction services throughout China. The company’s market cap of 441.6 million as of 2023 is indicative of the trust and confidence investors have in the company’s strength and ability to generate returns. Yik Wo also has a Return on Equity (ROE) of 13.99%, which is well above the average ROE for the industry, showing that the company is using its resources efficiently and has strong operations.
Summary
THONG GUAN INDUSTRIES BHD has been offering a consistent dividend to investors over the past three years, with dividends of 0.06 MYR, 0.06 MYR, and 0.05 MYR in 2021, 2022, and 2023 respectively. These dividends have provided a dividend yield of 2.46%, 2.44%, and 1.74% over the years, giving an average yield of 2.21%. This makes THONG GUAN INDUSTRIES BHD an attractive option for investors looking for consistent dividend-paying stocks.
