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KLSE: BISON       BISON CONSOLIDATED BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
2.20 2.48     +0.28 (12.73%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
04/09/2017 2.57 2.45 -0.12 (4.67%) HOLD MAYBANK Price Target News
17/07/2017 2.40 2.50 +0.10 (4.17%) HOLD KENANGA Price Target News
15/06/2017 2.36 2.45 +0.09 (3.81%) HOLD MAYBANK Price Target News
15/06/2017 2.36 2.70 +0.34 (14.41%) BUY AMMB Price Target News
28/03/2017 1.90 2.25 +0.35 (18.42%) BUY MAYBANK Price Target News


Price Target Research Article/News (past 6 months)
04/09/2017  MAYBANK Bison Consolidated - Proposes Private Placement
17/07/2017  KENANGA Bison : Home-grown Convenience Stores
15/06/2017  MAYBANK Bison Consolidated - Tracking expectations
15/06/2017  AMMB Bison Consolidated - Bison continues to impress
28/03/2017  MAYBANK Bison Consolidated - Growth Intact



  Lasereye likes this.
 
Pavillion U can't buy and sell much. Brilliant !
05/09/2016 15:40
mamatede hope today can break 1.68 and announce quarter results soon with dividend like SEM
09/09/2016 10:21
mamatede http://www.klsescreener.com/v2/news/view/128327, managing director of bison Dang Tai Luk is giving talk in iinvestor thingy forum, must be confident/good company business to give talk there
21/09/2016 07:30
mamatede http://www.thestar.com.my/business/business-news/2016/09/21/nomura-starts-coverage-of-bison-with-buy-call/
21/09/2016 12:14
Piggybank We initiate coverage of Bison Consolidated Berhad, a retail convenience store company, with a Buy rating and a TP of MYR2.25 based on 27x FY17F P/E. We like the stock for three key reasons:

We like the retail convenience store (CVS) space in Malaysia, as we think that this sub-sector has more room for growth, mainly due to: 1) stores per million people are still 5-15% / >60% underpenetrated versus regional / global peers (Fig. 21), and 2) fast-growing average sales per outlet in the CVS space (4% CAGR over FY12-15) as compared to modern grocery retailers (-4% CAGR over FY12-15).

While management currently guides an expansion of 70 stores per year (accounting for c. 80% of sales growth), we think that new stores could potentially be opened faster should quality locations with higher footfall be made available. There are currently two MRT lines and one LRT line planned in Malaysia. They would be expected to be opening over 2017-25F, potentially adding more space for CVS.

We expect gross margins to improve c. 150bps over the next three years to 35.7%, as management focuses on shifting its product mix to higher-margin food and beverages, fresh foods and non-food items. Furthermore, higher-margin segments such as advertising and promotions should increase proportionally to the increase in store space.

Higher valuations are justified with the stronger growth prospects.
While Bison currently trades at c. 20x FY17F P/E, versus the Malaysia consumer sector median of 18x, we believe it is justified on a FY17F PEG basis (0.7x vs sector median of 2.1x) given the potentially higher margins as well as stronger earnings growth due to the expansion of its store network. We further believe a full re-investment of IPO proceeds could also fuel a re-rating.
21/09/2016 16:20
mamatede Normura tp 2.25, I tp rm2 then
22/09/2016 07:00
mamatede Bison never fail to impress at 1.87 already woots, with it in growth stage, there's a lot of upside to this counter. If the counter mature into a stable recurring income counter those that invest early will be laughing to the grave
22/09/2016 11:10
mamatede Quarter must be good? dividend plz..
23/09/2016 10:33
mamatede this week out quarter !
26/09/2016 14:08
26/09/2016 14:11
mamatede Bye Fahmi :D .. Seven eleven EPS is lower than Bison yet its shares is starting to bull.. While today people take profit from Bison as it has being rallying for quite some time already, but again bison is growing, its retail chain, distribution as well as food businesses.
26/09/2016 20:38
mamatede http://www.theedgemarkets.com/my/article/cimb-ib-research-keeps-add-bison-raises-target-rm207
27/09/2016 08:22
michaelwong Vow ! low volume with price movement ........not bad lah ......but scary !
30/09/2016 17:17
mamatede Hahaha strong late buying, I'm so proud of bison !!
30/09/2016 17:25
rohank71 long term hold. just buy and hibernate.
04/10/2016 00:36
04/10/2016 22:41
mamatede Down because no volume, it reached rm2 also because of 1 lot.. expected
05/10/2016 07:27
mamatede Hello darling
07/10/2016 17:44
TF Tan very low profit, eps low, naps also low, price over value, should sell, fair price shld be around 0.95.
02/12/2016 11:41
malaysiaku saham ini ada masalah down syndrome sebab volume tersangat rendah....tapi masih pesat membesar dan berkembang setiap masa......tumbesaran tak stabil, tapi masih ada gaya nak tunjuk siapa hero...."bison"...sebab setiap hari orang pasti singgah kat bison.....macam 7eleven.
12/12/2016 01:23
malaysiaku beli pun tak rugi,,,,sebab bison masih lagi membesar.....tak beli pun tak rugi... sebab dividen tersangat rendah sampai mata sakit memandang.....apa boleh buat, kita orang kampung sangat suka makan dan lepak kat bison petaling jaya outlet....haha
12/12/2016 01:42
rainbowyen sure can walk....a long journey walk.....bullish on mynews.com
17/12/2016 10:44
hewusana Price keep drop..
02/01/2017 12:18
hewusana Actual more n more MYNEWS. COM
02/01/2017 12:20
James Yeo hi all, i have written an article on Bison sometime back...
https://klse.i3investor.com/blogs/small_cap_asia/118486.jsp

Feel free to take a look~
16/03/2017 23:09
WalkingDeadRick run convenient store & Sell magazine also can be rich, some more PE23+, market value very high
29/03/2017 15:18
gankc2011 A few unit trust funds bought these counter as one of the stock portfolio.
29/03/2017 20:14
Kay Very strong!
11/04/2017 10:06
gankc2011 I think believe bison stock will do very well because its business model is recession proof, easy to understand and they sell basically daily necessity goods which are affordable. I just hope in future they will pay out reasonably good dividend to shareholders. So I would people to buy these stock.
12/04/2017 15:40
Bratt What is the competitive advantage between Bison and 7-eleven and other competitors? Answer is nothing. Given that there is no special plans, no differentiation strategy and fighting in a crowded space, can't see why Bison will grow big. The dream about setting up money exchange services inside News.com has been ditched because rejected by Bank Negara yesterday. And today I see the price moved up a lot with small volume. Very speculative counter. Be careful.
12/04/2017 17:20
saydon Hi Bratt, can you please provide the source of rejection by Bank Negara. Thanks
13/04/2017 00:16
明天会更好 厉害,做杂货点做到酱厉害
13/04/2017 17:17
gankc2011 Today share price ended 2.23. Whether the current rise of the share price is speculative or not remains to be seen, They are doing convenience store business which is nothing special but it sells products which the public often consume like F&B, books, magazines, prepaid card, cigarettes and etc. These type of business requires low CAPEX. I have read through their annual and quarterly reports. In the last two quarters its net profit increased and many local and a few foreign funds invested in these counter. They have cash reserves of roughly RM80 million and 80% of their stores are in KL & Selangor. According to its MD Dang Tai Luk the penetration rate for these business is very low in Malaysia, meaning there are still plenty of room to grow. And they plan to open many more outlets through out the country with an eye of venturing overseas. These is a simple and easy to understand business which I feel good for investing in its stock for long term for dividend and capital growth even though they don't have regular dividend payout policy.
13/04/2017 20:50
13/04/2017 21:28
Bratt Penetration rate of convenient stores is NOT low in Malaysia. And if there are a lot of room to expand in Malaysia then Bison will not think of going for overseas market (where there are higher operational risks). Also, convenient stores depend highly on strategic locations so the rentals they bear are high. Profit margin is definitely squeezed, that is why Bison has started acquiring food processing companies.
14/04/2017 17:51
gankc2011 Mr Bratt, I respect and thank you for your opinion. Personally, I feel these is a good counter that suits my investment risk and objective after reading through their reports.
14/04/2017 19:17
gankc2011 Last night spoke to the staff manning the Mynews.com outlet at Desa Park City. Average customers for that store was 250 per day. Product items that can sell well are tobaccos, prepaid top-up and F&B. He also told me the MD Dang Tai Luk had visited these outlet on a few occasions.
15/04/2017 11:40
Bratt Basic Salary system of Malaysia is compressing the profit margin of convenience stores.
價格控制反暴利法影響微 Hi酬腰明輔輻 消費領域同行對比 i ★达+ 卜企业价值丨阖息率j股本回酬 2年磁PEG 公司 丨本显比|倍数丨—(%) : (%) 复成长率丨指标 2017! 2018 12017 2018 201712018! 2017 ! 2018 ( % ) !(倍) 7-11运股 40.7~: 33.FM 6.5 14.1 1.2 i 1.5 !105^8! 80.2 7.9 丨 4.3 " 柏昇 :27.4 : 23.4 118.8 14.9 0.7 0.7 15.1 i 15.6 22.0 ! 0.9 资料来源:《彭博社—马银行金英 " (吉隆坡25日讯)政府价格. 構:stg/报.'首 控制和反暴利法对该便利店领域 影响不大,但基本薪金制将压缩 该领域公司赚幅。 大马便利店密度不高 银行进一步分析,便利商店业者
26/04/2017 16:20
Bratt Cut throat price war is increasing between 7-Eleven & Bison. They fight head-on for new locations of convenience stores. 7-Eleven was down six sen to RM1.63 yesterday. CIMB Equities Research is maintaining its 'Reduce' call after the company proposed a rights issue via the issuance of new warrants, purportedly to build up a war chest to fight competition. 7-Eleven is believed to be using its size to its advantage, as the market leader, to hold off much smaller competitors like Bison.
27/04/2017 10:26
Slimy hot dan. YTD almost +50% in value . current pe at 40+ . whos pushing ? foreign funds ?
27/04/2017 21:48
RKLee Although 7-11 is the biggest player and trying to hold off all smaller competitor, but I wonder whether will its size turns to be their disadvantage. As they having a lot branches and operating 24-hours, they have too much fixed cost to pay as during the midnight time, the sales is very minimal while the fixed cost remain there (such as electricity).
03/05/2017 14:25
monkeyinvestor RKLee what about indeed the turnover>(your) Fixed Cost? Do you have statistics to support your comment?
03/05/2017 20:10
2721 Oh no, drop so much
03/05/2017 20:58
明天会更好 明天会更好
07/05/2017 11:02
monkeyinvestor tis totally good stock!
15/05/2017 23:45
paktua73 old man will hold as price suar more later hold from the beginning..
you never found cheap stock retail ever this its gold mine
old man nver lost fate here but will out he he need fund to support expenses in sea ​​voyages in iwcity ocean ha ha
20/05/2017 16:15
BetterTomorrow another corner stock. Haiz
04/07/2017 10:39
jayawin mynews goods very expensive. better go seven eleven
13/07/2017 15:54
paktua73 Old man nearly want to sold out last july lucky still srong fate
Old man love buy the paper propa bn u tutut at mynews he he
09/09/2017 17:29
hewusana Wow keep going up
15/09/2017 18:24


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