| KLSE : CANONE || || CAN-ONE BHD |
|Last Price ||Today's Change || Day's Range || Trading Volume |
|3.37 || -0.01 (0.30%) || 3.35 - 3.38 || 187,800 |
|Avg Volume (4 weeks):||241,040|
|4 Weeks Range:||3.35 - 3.77|
|52 Weeks Range:||3.17 - 5.17|
|Average Price Target:||2.50|
|Price Target Upside/Downside:||-0.87|
| View Price Target Detail |
popo92 After johotin and msm results, I am more convince canone could possiblility post a > 30million.
Jay johotin is a very close proxy
tftey 100 mil profit is highly possible looking at current trend.
cephasyu I highly doubt 100m PAT is possible.
Nevertheless, I agree with YiStock, that the worst case scenario is matching Q2 and there is a good probability that it will outperform that.
Kianjoo is contributing record profit which will flow to Canone.
Jay johotin food division PBT and margin did decrease this quarter compared to last q cushioned by some forex gain. but kian joo will contribute additional RM3.5m this quarter so it may be enough to offset any decrease
Flintstones Hows the profit? Summoning @YiStock
Icon8888 Profit very good , very good
I am all smile
Jay decent, but not great
Jon Choivo Lol, good luck tmr guys =P
Jon Choivo Its decent but not rally 12% in one week great kind of results.
bee881 Icon8888, why u said profit very good? Thanks
Jon Choivo I think he's being sarcastic.
Jon Choivo Waiting for someone who bought at 3.6 to say that this is to hold long term one. Ahahaha
PlsGiveBonus Too many guy buy with margin loan and one full lorry before quarterly result is announced
PlsGiveBonus General Cans division
Revenue of General Cans division decreased from RM96.8 million in Q2, 2016 to RM94.2 million in Q3, 2016 mainly due to lower demand in jerry cans. Profit before taxation decreased by RM0.7 million compared to the last quarter attributable mainly to lower sales and higher operating expenses.
Food Products division
Revenue of Food Products division decreased by RM27.1 million to RM143.1 million in Q3, 2016 when compared to Q2, 2016 mainly due to lower production. Profit before taxation was lower at RM12.2 million as compared to RM20.6 million for Q2, 2016. The decline in profit before taxation was mainly due to lower sales and higher material consumption.
International Trading division
International Trading division's revenue decreased by RM2.2 million to RM13.2 million for Q3, 2016 when compared with Q2, 2016.
YiStock Bro, give me sometimes, i still looking at johotin.
There are a few powderful forummer start cursing after canone result, don't know why they curse... for that i hope to get more point from them..
Posted by Flintstones > Nov 23, 2016 06:20 PM | Report Abuse
Hows the profit? Summoning @YiStock
popo92 good results, no problem
lkoky disappointing results...
profit was lift by 2+ million forex gain... without this, the earning/eps will be lower by 10%.
pharker To abalone lovers :
hairless one liner abalone is better than 3 headed abalone
ming Still got abalone now? =(
Icon8888 Results not good meh ? I scratching my head...
Btw, it is true there were RM2.4 mil forex gain, but there are also 0.55 mil impairment loss and 0.55 mil derivative loss
As such, effect off exceptional items are 1.3 mil only
So core earning is still very strong
PlsGiveBonus Always sell before the quarterly result
Do not trust any hype
CharlesT I must say johotin's boss pandai goreng...manipulating q results
Up_down Johortin got a lot of cheap cheap Inventory kept in previous months especially Milk powder and sugar.
Johortin - 80 million ( Turnover RM 116 million )
CanOne - 111 million ( Turnover RM 214 million )
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.