中文

TLG

₫52,500
+0.00% 2026-10-30 · Close
AI Composite Signal
6.5 / 10
Bullish — 5-signal composite
Mkt Cap
4.7T
₫4.7T
P/E
9.7
P/B
2.0
ROE
20.2%
ROA
14.0%
EPS
5.0K
Price Chart
What matters now

TLG (TLG) is a company in Vietnam's Personal & Household Goods sector, listed on HOSE. The stock last traded at 52,500 VND, little changed on the session, giving a market capitalization of 4.7 trillion VND.

On valuation, TLG trades at a price-to-earnings ratio of 9.7 and a price-to-book of 2.0. That is a discount to the Personal & Household Goods sector average P/E of 16.9. Return on equity of 20.2% points to strong profitability relative to the company's equity base, below the sector average of 24.4%. Trailing earnings per share stand at 5,000 VND.

Aveluro tracks 14 news items mentioning TLG, where recent coverage skews positive (50% of articles). The most recent catalyst was a m a announcement event — "Kokuyo's $180M Bid for Thiên Long (TLG): 65% Stake, HOSE Delisting Risk". Aveluro's composite model rates TLG 6.5/10 (Bullish), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Personal & Household Goods sector include A32, AAT and ADS.

Latest catalyst

Kokuyo's $180M Bid for Thiên Long (TLG): 65% Stake, HOSE Delisting Risk

Recent Developments

Recent developments around TLG include 5 notable classified events. On Oct 02, 2026, a market event was reported: Kokuyo has cleared Vietnam's competition review and set aside JPY 28B (about USD 180M) to take up to 65.01% of Thiên Long (TLG), via a 46.82% block purchase and a public tender for another 18.19%. On Oct 01, 2026, a market event was reported: Kokuyo approved JPY 28B (~USD 180M) to fund its acquisition of Thiên Long (HOSE: TLG), starting with a 46.82% stake purchase from TLAT and a tender offer for up to 18.19% more to exceed 65% ownership. On Oct 01, 2026, a market event was reported: Kokuyo approved a JPY 28bn (about VND 4.4tn) capital injection into its Singapore subsidiary Synergy Investing ASIA to fund the acquisition of roughly 65% of Thiên Long Group (TLG, HOSE). On Sep 21, 2026, a market event was reported: Vietnam's National Competition Commission conditionally approved Kokuyo's acquisition of roughly 65% of Thien Long Group (TLG, HOSE), clearing the Japanese buyer to take control of the country's best-known stationery brand. On Sep 21, 2026, a market event was reported: Vietnam's National Competition Commission approved with conditions Kokuyo's acquisition of Thiên Long (HOSE: TLG), letting the Japanese group and related parties hold more than 65% of the stationery maker.

The overall tone of recent coverage is positive, with 3 of 5 events carrying bullish sentiment.

AI Signal Breakdown
Bearish Neutral Bullish
6.5 / 10
Bullish
Sentiment
+0.00
Impact
0.50
Momentum
-0.54
Fundamentals
+1.00
Volume
0.00
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
14
Articles Analyzed
Positive 7
Neutral 4
Mixed 2
Negative 1
Recent News
Oct 02, 2026 Full Analysis Neutral m a announcement
Kokuyo has cleared Vietnam's competition review and set aside JPY 28B (about USD 180M) to take up to 65.01% of Thiên Long (TLG), via a 46.82% block purchase and a public tender for another 18.19%. The implied reference price of roughly VND 72,600 sits well above TLG's VND 54,200 close on 1 October 2026.
Oct 01, 2026 Full Analysis Positive m a announcement
Kokuyo approved JPY 28B (~USD 180M) to fund its acquisition of Thiên Long (HOSE: TLG), starting with a 46.82% stake purchase from TLAT and a tender offer for up to 18.19% more to exceed 65% ownership. Vietnam's National Competition Commission cleared the deal with conditions, removing the main funding and regulatory risks.
Oct 01, 2026 Full Analysis Positive m a announcement
Kokuyo approved a JPY 28bn (about VND 4.4tn) capital injection into its Singapore subsidiary Synergy Investing ASIA to fund the acquisition of roughly 65% of Thiên Long Group (TLG, HOSE). The vehicle was set up on 15 December 2025 with SGD 1 in capital, and the top-up still requires Vietnamese regulatory approval.
Sep 21, 2026 Full Analysis Positive m a announcement
Vietnam's National Competition Commission conditionally approved Kokuyo's acquisition of roughly 65% of Thien Long Group (TLG, HOSE), clearing the Japanese buyer to take control of the country's best-known stationery brand. The approval binds the combined group to annual market-share, pricing and discount reporting, plus at least VND 3 billion in additional annual R&D spending in Vietnam for five consecutive years.
Sep 21, 2026 Full Analysis Neutral m a announcement
Vietnam's National Competition Commission approved with conditions Kokuyo's acquisition of Thiên Long (HOSE: TLG), letting the Japanese group and related parties hold more than 65% of the stationery maker. Conditions include market-share and pricing reporting plus a commitment to raise R&D spending by VND 3 billion annually for five years.
Jul 13, 2026 Full Analysis Neutral dividend announcement
BDG (Binh Duong Garment) will pay a 50% cash dividend for 2025, the highest among 33 companies closing books July 13-17, 2026. The payout underscores BDG's strong cash position on UPCOM, while other notable payers include HAH (20%), VCG (8% cash + 8% stock), and TLG (10% interim).
Apr 22, 2026 Full Analysis Positive m a announcement
Thien Long Group (TLG) chairman Co Gia Tho expressed confidence in selling a controlling stake to Japan's Kokuyo, which plans to acquire 65.01% of TLG through a share transfer and public tender offer. The move aims to make TLG a subsidiary and advance its globalization strategy, leveraging Kokuyo's century-old expertise in stationery and global distribution.
Apr 22, 2026 Full Analysis Positive guidance raise
TLG targets 2026 net revenue of VND 4,400 billion (+5.4%) and net profit of VND 440 billion, with a 35% dividend payout. The company is prioritizing international expansion and operational efficiency over short-term profit maximization, positioning for a new growth cycle.
Apr 20, 2026 Full Analysis Negative guidance cut
TLG targets 2026 net profit of VND 440B, 1.1% below 2025 results, as rising raw material costs and a decision to hold selling prices flat pressure margins. The conservative guidance arrives ahead of Kokuyo's planned VND 4,700B acquisition of a 65.01% stake, which has not yet closed.
Apr 15, 2026 Full Analysis Mixed stake change
Thien Long Group (TLG) Chairman Co Gia Tho has applied to join the Board of Directors of Phuong Nam Culture JSC (PNC) while TLG prepares to divest its 49.49% stake in PNC. This move occurs alongside TLG's own potential acquisition by Japan's Kokuyo Group, which could take a 65.01% controlling stake in TLG.
Full Analysis Positive m a announcement
Kokuyo's board approved a JPY 28 billion (about VND 4,600 billion) capital injection into its Singapore subsidiary to fund the purchase of a 65.01% controlling stake in Thiên Long Group (TLG). Vietnam's National Competition Commission cleared the deal on 9 September 2026 with conditions covering market-share reporting, annual R&D spending increases and green-material targets.
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Stock Analysis

By Aveluro Research Team · Editorial policy · Caveat: Not investment advice. · How Aveluro computed this

Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.

Last updated: 2026-10-30T17:44:24Z.