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1.35   -0.01 (0.74%)  1.35 - 1.36  10,500
600 comment(s). Last comment by Think at Nov 27, 2019 11:38 PM
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RainT
5281 posts

Posted by RainT > Aug 21, 2019 5:18 PM | Report Abuse

lol


investlogic
10 posts

Posted by investlogic > Aug 21, 2019 6:48 PM | Report Abuse

Recently it suddenly change the auditor Messrs ChengCo PLT, yesterday news finally explains why, it is because Kawan Food auditor ChengCo being punished and prohibited from taking audit job by SC, due to non-compliance.

ChengCo has been Kawan Food auditor for the past few years, this make me worry whether Kawan Food account also has non-compliance issues?

I think management should come out to clarify and give confidence to shareholders in this matter, rather just cover it up saying that change of Auditor is due to rotation requirement.


value88
647 posts

Posted by value88 > Aug 22, 2019 11:28 AM | Report Abuse

Insiders/directors have been buying Kawan's stocks in Jun-July'19 at quite significant amount. I suppose that means the coming Apr-Jun19 quarterly result should not be too poor ?
The current price level is at new low and very tempting.


RainT
5281 posts

Posted by RainT > Aug 26, 2019 3:58 PM | Report Abuse

yaya

I also very feel tempting to invest in KAWAN


AudemarsPiguet
6 posts

Posted by AudemarsPiguet > Aug 27, 2019 10:21 PM | Report Abuse

This company sells a fad product. When hand made roti canai costs a lot more cheaper than a factory made roti canai, you have got a problem


value88
647 posts

Posted by value88 > Aug 27, 2019 11:09 PM | Report Abuse

Kawan's earnings is lower YoY but higher QoQ in Q2.
From the quarterly report, i can see several positive signs as follows :
i) The revenue achieved in this quarter is the record highest since listing.
ii) The gross profit margin has improved QoQ.
iii) Management is positive on the growing sales demand in domestic and export market, especially China.
iv) Kawan won the Product Innovation 2019 Award.

I can see Kawan's performance should get better in quarters to come. It just need time to generate higher sales revenue and achieve higher capacity utilisation in order to offset the higher depreciation and higher operating cost from new plant.
I am almost certain that next quarter's earnings will see further improvement QoQ.


RainT
5281 posts

Posted by RainT > Aug 28, 2019 10:26 AM | Report Abuse

bad result

profit drop

but sales still up oh


RainT
5281 posts

Posted by RainT > Aug 28, 2019 10:27 AM | Report Abuse

KAWAN case is similar with SCGM

also new plant then high depreciation costs and low utilization

the costs of new plant need more time to ramp up sales


RainT
5281 posts

Posted by RainT > Aug 28, 2019 10:28 AM | Report Abuse

won Product Innovation Award

will not make the share price go up

KAWAN, please show your profit up non stop


RainT
5281 posts

Posted by RainT > Aug 28, 2019 10:29 AM | Report Abuse

due to low profit

PE now up to 24

high PE


RainT
5281 posts

Posted by RainT > Aug 28, 2019 10:32 AM | Report Abuse

Read the KAWAN prospect in qtr report seem like not bad like that oh


loonginv
829 posts

Posted by loonginv > Aug 28, 2019 10:40 AM | Report Abuse

Yes, prospect not bad, waiting it drop further to 1.1


value88
647 posts

Posted by value88 > Aug 28, 2019 4:43 PM | Report Abuse

For a company with new plant/capacity, it is important to see if its sales revenue has been increasing. If yes, this means the additional capacity is gradually taken up, and soon or later, the earning performance will improve when utilisation rate is high enough to offset the higher depreciation and operating cost resulted from the new plant.
We can see the above is happening to Kawan as it achieved the record highest revenue since listing. This substantiates the new capacity expansion is serving its purpose.

The opposite example is TomyPak. After its new plant commenced operation, its sales revenue is even lower than before installing the new capacity. We should ask a question why then TomyPak wanted to do expansion then if it doesn't help to sell more products but the opposite.


CyrusQ
1206 posts

Posted by CyrusQ > Sep 6, 2019 2:36 PM | Report Abuse

Hey guys is BKAWAN AND KAWAN Same ?


TrueInvestor90
14 posts

Posted by TrueInvestor90 > Sep 8, 2019 9:40 AM | Report Abuse

no. different


RainT
5281 posts

Posted by RainT > Sep 9, 2019 10:45 PM | Report Abuse

bkawan is do plantation one la

kawan is food processing

name same only but not relate


RainT
5281 posts

Posted by RainT > Sep 18, 2019 9:04 AM | Report Abuse

on uptrend?


heehaa911
44 posts

Posted by heehaa911 > Sep 18, 2019 1:59 PM | Report Abuse

another Holland con counter


RainT
5281 posts

Posted by RainT > Sep 19, 2019 9:45 AM | Report Abuse

@heehaa911

why con counter?

recent drop is due to low profit as the expansion have delay & problems

KAWAN biz is defensive, food industry

and they are coming out with new bread products soon


RainT
5281 posts

Posted by RainT > Sep 30, 2019 7:15 PM | Report Abuse

WAH


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Oct 1, 2019 1:55 PM | Report Abuse

200mil revenue company. sales growing every year interrupted. china sales growing double digit.

business is resilient

ample of production capacity to absorb growing demand. sales in expansionary mode

profit margin temporarily squeezed due to high depreciation charges.

intensify cost optimisation and automation to mitigate potential escalating cost and further enhance profit margin

new products to meet growing demands

moving forward, capex is reducing. more free cash flows to support dividend payment. recent quarter positive FCF


RainT
5281 posts

Posted by RainT > Oct 8, 2019 11:08 AM | Report Abuse

not only recent qtr , i see the past few quarters also positive free cash flows


monkeyinvestor
1251 posts

Posted by monkeyinvestor > Oct 21, 2019 2:55 PM | Report Abuse

buybuybuy


witan
33 posts

Posted by witan > Oct 21, 2019 3:43 PM | Report Abuse

Up 10% this afternoon, insiders starting to accumulate. Any good news?


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Oct 21, 2019 9:14 PM | Report Abuse

From CIMB estimates

FCF
2018: 9.18m
2019: 0.16m
2021: 26.74m
2022: 31.90m

massive FCF growth in 2021 onwards. forward P/FCF is below 15x.


witan
33 posts

Posted by witan > Oct 22, 2019 10:14 AM | Report Abuse

Fabien "The Efficient Capital Allocater" Thanks for the info. Mind sharing the article where you get the above figure from?


Tete7893
129 posts

Posted by Tete7893 > Oct 22, 2019 7:14 PM | Report Abuse

1.1-1.15 only collect


monkeyinvestor
1251 posts

Posted by monkeyinvestor > Oct 28, 2019 7:20 AM | Report Abuse

fly lo


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Oct 30, 2019 5:25 PM | Report Abuse

No one interested in Kawan? It's creeping up nicely


amitabha
18 posts

Posted by amitabha > Oct 31, 2019 6:43 AM | Report Abuse

Technical very strong... Future prospect is catching up, more room to fly...


thesteward
3303 posts

Posted by thesteward > Nov 3, 2019 1:23 PM | Report Abuse

Looking goood this month sould hit at least 1.70 ?


bose00
577 posts

Posted by bose00 > Nov 4, 2019 11:12 AM | Report Abuse

steady!


bose00
577 posts

Posted by bose00 > Nov 5, 2019 10:22 AM | Report Abuse

Accumulated more shares of Kawan


RainT
5281 posts

Posted by RainT > Nov 10, 2019 9:46 PM | Report Abuse

only good if manage to grab some at rock bottom


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Nov 13, 2019 3:17 PM | Report Abuse

if u have a longer term view, this stock is worth at least RM2

At current price, you have above 30% margin of safety


monkeyinvestor
1251 posts

Posted by monkeyinvestor > Nov 14, 2019 9:49 AM | Report Abuse

gogogo


bose00
577 posts

Posted by bose00 > Nov 14, 2019 9:53 AM | Report Abuse

Results are improving.. if next quarter shows the same sign . most investor will rush in to buy. Better collect now then later..


theavenger
54 posts

Posted by theavenger > Nov 14, 2019 11:58 AM | Report Abuse

it is coming ...good result


theavenger
54 posts

Posted by theavenger > Nov 14, 2019 3:33 PM | Report Abuse

first tp 1.62


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Nov 14, 2019 3:35 PM | Report Abuse

i will hold until RM2


factslim1
48 posts

Posted by factslim1 > Nov 14, 2019 3:53 PM | Report Abuse

We had earlier forecast a 30% revenue growth for Kawan Food Bhd for the financial year ending 2019 (FY19), mainly driven by the launch of new major bread products in the first half of 2019, a strong US dollar against the ringgit, and an organic growth in export markets


TrueInvestor90
14 posts

Posted by TrueInvestor90 > Nov 14, 2019 3:56 PM | Report Abuse

where you read that factslim1?


theavenger
54 posts

Posted by theavenger > Nov 14, 2019 4:25 PM | Report Abuse

good result announcement soon ..stay tune


bose00
577 posts

Posted by bose00 > Nov 15, 2019 12:28 PM | Report Abuse

Day by day price up. Break 1.60.. will see a clear sky


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Nov 26, 2019 4:23 PM | Report Abuse

took some profit at 1.65

cheers!


RainT
5281 posts

Posted by RainT > Nov 27, 2019 9:39 AM | Report Abuse

profit drop

capacity over than demand

high depreciation due to expansion

next qtr will be good ? lets see


shpg22
2354 posts

Posted by shpg22 > Nov 27, 2019 2:10 PM | Report Abuse

Believe the new factory utilisation rate is still low. It will pick up as revenue is still keep on growing. Once utilisation rate exceed its depreciation rate, its when magic happens.


Fabien "The Efficient Capital Allocater"
1313 posts

Posted by Fabien "The Efficient Capital Allocater" > Nov 27, 2019 2:12 PM | Report Abuse

i still believe earnings recovery are imminent

i have sold mine at 1.65 yesterday

will look to re-enter again


shpg22
2354 posts

Posted by shpg22 > Nov 27, 2019 3:21 PM | Report Abuse

I ll only concern if the revenue stagnant or drop. As long as revenue keep growing, profit growth is imminent.


Think
29 posts

Posted by Think > Nov 27, 2019 11:38 PM | Report Abuse

May need to wait for a few quarters to see the recovery. Need to factor in opportunity cost if were to enter this counter.
Heavily impacted by hike in labor cost and operating expenses. Hope to see more automation to bring down the operating cost.

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