|Last Price ||Today's Change || Day's Range || Trading Volume |
|3.45 || +0.10 (2.99%) || 3.40 - 3.46 || 674,800 |
|Market Cap: || 663 Million |
|NOSH: || 192 Million |
|P/E | EY: || 8.78 | 11.39% |
|DY | Payout %: || 1.16% | 10.18% |
|NAPS | P/NAPS: || 3.6885 | 0.94 |
|Avg Volume (4 weeks):||261,800|
|4 Weeks Range:||3.33 - 3.49|
|52 Weeks Range:||3.17 - 4.54|
|Average Price Target: || 2.50 |
|Price Target Upside/Downside: || -0.95 |
Up_down CanOne is one of kyy's top pick started early 2016. By looking at the past earnings records heading south for the last 2 consecutive quarters, is it kyy golden rules still applicable in this case? Or this is an exceptional case due to
1. potential of CanOne dispose of its F & B to KWAP at premium price.
2. current earnings just a temporary setback as a result of higher raw material costs
3. potential export play as RM keeps depreciating against USD
4. potential higher contribution from the associate, KianJoo
30 Sep 16 - 12.3 cents
30 Jun 16 - 14.05 cents
31 Mar 16 - 5.7 cents
31 DEc 15 - 7.25 cents
30 Sep 15 - 14.28 cents
30 Jun 15 - 14.77 cents
firehawk only mr. tey can smile .....
Blink22 With 12 sen earnings last quarter, I wouldn't be worried.....Kian Joo earnings have recovered a long way in the last few quarters........and the milk is exported to many countries......can look forward to even better days ahead.
Jay don't get all the pessimism, let's just put figures to get a clearer picture
Can-One v Johotin
Trailing 4Q profit: RM75.5m vs RM28m
Annualised last q: RM94.6 vs RM43.1m
Market cap: RM718m vs RM313m
One quarter sometimes have a lot of noise, so let's say we use 4Q.
we know KJ was hit by forex, last 4q total around RM22.3m, impact on Can-One is around 33% or RM7.4m while Can-One has forex gain of 2m so Can-One adjusted 4Q is RM80.9m. Johotin in the same period was forex gain of RM2.3m so adjusted 4Q is RM25.7m.
so basically the adjusted trailing 4Q PE of Can-One is 8.9 times vs Johotin 12.1 times
Even if we just take last q annualised without adj PE is 7.6 times vs 7.3 times
current share price even after slight increase for the past week doesn't seem overpriced but like I said, it's a decent quarter but not the greatest can-one had.
hope this will put things into context.
popo92 This year profit highly chance can exceed last year, days are brighter ahead also
stockmanmy drops 10 sen then continue its up trend......
stockmanmy considering Canone only made 7 sen in the Q4 2015..............Canone 2016 full should easily surpass full 2015 earnings.
CharlesT Must go to learn goreng skill from Johotin's Boss
Up_down Don't be surprised when kyy get out shouting..." 规矩是死的，人是活的. sometimes, you must use common sense"
tftey The Q results is rather good. With this result, it is cheap at current price.
kongxkong Gila wei, nowadays people really hard to please. Everyone throwing despite result good, ok or bad..price cannot fly like that lol
kongxkong before result out cant anticipate also dump first...siao
Up_down Longkang dah tersangkut....kena flush kuat sikit.
mike90 So many desperate seller cut loss?
Jon Choivo To beat last year, they need to make 20m in Q4 which is more than 50% increase on last year Q4. Up to you to decide if they can make it.
Up_down Don't under estimate contributions from Kian Joo unless RM strengthen back to 3.8.
Posted by Jon Choivo > Nov 24, 2016 12:14 PM | Report Abuse
To beat last year, they need to make 20m in Q4 which is more than 50% increase on last year Q4. Up to you to decide if they can make it.
mcheat Very lacklustre Q3 results. Disappointing.
Jay seems like there are a lot of short term players betting on higher qoq profit after kianjoo result, so sold after it didn't happen
pharker if you ignore q on q fluctuation, it is very likely y on y the PAT for FY2016 will be better than FY2015
pharker my forecast is that if RM remains above 4 against USD, and not below...PAT for FY2016 will be 85 to 95mil
fengtzekai Pre-acquisition of Kian Joo in 2012, this counter used to register exciting growth. It seems that after the acquisition of Kian Joo, the attention has been on building Kian Joo and growth of its own business has been neglected!
stockmanmy not true....feng....
Canone focus on building the milk division and canning operations to slowly will all be transfered to Kian Joo. There is hardly any contribution from its own canning operations already.
ming coming qr (due to christmas and cny) should be good for canone business..
And strengthen of usd also helping right?
firehawk forgotten one makes a comeback ....
speakup not surprising. in a Bull market, everything will up, even shit counters will up
VitaminM No excitement at all....boring
hslee5 anyone know about Can-One and Kingkoil?
Jay kingkoil is previously owned by Yeoh Jin Hoe, Can-One's boss, I think now sold to KPS already
dompeilee Bought some Canone @ 3.367 average this morning.
dompeilee Watch this one FLYYYY to 3.60 in short order!!! :D
Matrix what does it means?
Matrix don't see any yet..
lcng123 johortin recorded good result in latest quarter, how about canone?
princehero with reasonably good results last 2 quarters, price still stuck at rm3.30 plus....
Ong Kiam Yek KianJoo is not doing well enough for the current announced quarterly result ... CanOne still CAN? Show your power please!
cariyoyo I have been informed by a reliable source that Mr. Koon Yew Yin owns 16,000,000 of Canone and very confident that it would be another LiHen in the making. For those who has Canone, you are lucky as Super Investor Koon is on board.
KLCI King cariyoyo, you are wrong, my friend told me KYY owns 17,000,000 canone shares, not what you mentioned 16m.
CharlesT Posted by cariyoyo > Feb 24, 2017 09:35 AM | Report Abuse
I have been informed by a reliable source that Mr. Koon Yew Yin owns 16,000,000 of Canone and very confident that it would be another LiHen in the making. For those who has Canone, you are lucky as Super Investor Koon is on board
Go to see Annual Report, everything is here...u dont need reliable source etc
CharlesT If i m not mistaken Koon has been major shareholder for some time..maybe 2-3 years
KLCI King My friend very confident, he told me when we were having chatime not long ago.
KLCI King Seem like my friend having joke with me
cariyoyo Charles T,
I see. I wasn't aware of the Annual Report. I have just went through it and going by the report, Mr. Koon and parties related to him would have 19,398,700 shares. But in any case, my source said he has 16,000,000 shares. Be that as it may, Canone should be interesting going forward as it may attract further interests from the general investors out there.
Artemis Kian joo faces decrease in demand for their products, milk powder price up, sugar price up, tin price up, aluminum price up