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KLSE: CANONE       CAN-ONE BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.16 3.20     +0.04 (1.27%)
* 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
17/06/2019 3.89 3.65 -0.24 (6.17%) HOLD MIDF Price Target News
31/05/2019 3.42 3.65 +0.23 (6.73%) HOLD MIDF Price Target News
04/03/2019 2.67 2.75 +0.08 (3.00%) HOLD MIDF Price Target News
01/03/2019 2.70 2.75 +0.05 (1.85%) HOLD MIDF Price Target News


Price Target Research Article/News (past 6 months)
17/06/2019  MIDF Can-One Berhad - Creamer unit sale near-term positive
31/05/2019  MIDF Can One - a New Chapter
04/03/2019  MIDF Can-One Berhad - Launch MGO on Kian Joo
01/03/2019  MIDF Can-One Berhad - Better Than Expected 4QFY18



  9 people like this.
 
Lukey_Greek RM40m & RM26m has been reserved for dividend and capital repayment from this disposal proposal (about 30-40 sen per share). Hopefully these will be distributed to the shareholders for the coming group re-organisation proposal.
17/06/2019 10:28 PM
chl1989 buy on weakness. min rm5
18/06/2019 9:21 AM
mcheat MIDF priced Can-One at RM3.65. BCT Asia priced them at RM5.30. NTA after acquisition and disposal is between RM9-RM10 according to announcement.....
18/06/2019 2:21 PM
Lukey_Greek Same TP before & after the F&B Nutrition disposal? It shows MIDF is only good at assess current P&L instead of the co business. Instead Mr Yeoh has all in in can-packaging business by switching from dairy.
18/06/2019 3:08 PM
klm80 collecting low now.. before you regret.
19/06/2019 3:46 PM
chl1989 tq midf. i can buy low now
19/06/2019 4:55 PM
Kawkaw 310
19/06/2019 8:35 PM
gozilla88 can one === con one..... this counter always con people.... confident will drop below 2.00.... Midf research is bed time story cannot believe.....
20/06/2019 1:22 PM
fengtzekai @gozilla88 Maybe you can share how you have been conned by this counter.

This is one of the counter with the lowest profile, never thumb their chest telling people how good they are. Listed in 2005 at RM1 and has pulled off a small fish eat big fish stunt, built F&B business from virtually nothing to RM1 billion dollar company and in the meantime, never ask shareholders for a single sen and still pay annual dividend of between 3-5 sen.

To me it is a fantastic counter amid low dividend payment and low profile.
20/06/2019 3:46 PM
gozilla88 Trust KYY....the feeling being con by con one..... broken heart with hard earn money..... away from this counter .... else will be conned....
21/06/2019 10:51 AM
fengtzekai @gozilla88 Now that I know your source of frustration, you have my sympathy...
21/06/2019 3:10 PM
Larrytrader This company when give KIANJOO shareholders money?
21/06/2019 5:18 PM
Larrytrader Can anyone give me a clue
21/06/2019 5:18 PM
mcheat @gozilla88 Continue to trust Uncle Koon and curse the company for not living up to what Uncle Koon say. I like that. :)
21/06/2019 9:53 PM
mcheat @Larrytrader for those who accepted the MGO at RM3.10, they have received their payment. For those remaining 2% who did not accept the MGO, I think the money will be eventually paid out once the whole compulsory acquisition is completed. You can refer to their announcement.
21/06/2019 9:54 PM
Larrytrader @mcheat Thanks for the infp
24/06/2019 12:44 PM
Jim Tan Anyone went to the AGM?
27/06/2019 5:34 PM
ruby20 this guy did... 2019 AGM Highlights

https://www.facebook.com/1997932356957345/posts/2260488974035014?s=509787555&sfns=mo
27/06/2019 6:15 PM
ruby20 AGM highlight. Summary in 7 points.

"CAN-ONE is having a very eventful year. Apart from the stock being up 90% YTD, it had took over $KIANJOO private and recently sold off its subsidiary F&B Nutritient for RM 1b. This is my take from the AGM today"
27/06/2019 6:15 PM
chl1989 any special dividend?
27/06/2019 7:25 PM
ruby20 Mentioned in the article.
27/06/2019 7:27 PM
tsiang For those remaining 2% who did not accept the MGO, did anyone receive the payment (cheque) from Canone already ?
01/07/2019 9:38 AM
chl1989 midf noob analyst. must be a fresh grad
01/07/2019 4:33 PM
Shinnzaii Hmmm...how low it can drop?not enough buy force
02/07/2019 9:54 AM
chl1989 back to rm3?
02/07/2019 11:58 AM
tsiang On behalf of the Board of Directors of Can-One, AmInvestment Bank wishes to announce that the Offeror had, on 28 June 2019, completed the compulsory acquisition of the Remaining Offer Shares held by the Dissenting Shareholders in accordance with Section 222(1) of the CMSA.

So when we expect to receive the payment from Can-one?
02/07/2019 9:27 PM
gift Heading to 3.00 soon....
05/07/2019 10:59 AM
sueng5618 what is next?
05/07/2019 3:34 PM
chl1989 rebound from here to rm4.5 :)
watch out
08/07/2019 3:59 PM
gozilla88 con one
09/07/2019 11:13 AM
flexibt totally agree.
09/07/2019 8:57 PM
Shinnzaii wew....still dropping...buy force still not strong
11/07/2019 3:31 PM
Sharebullous It seems like an irrational panic sell down. This counter ain't worth this low. Stay calm guys.
11/07/2019 7:44 PM
moneycashrich It is a good buy for me now. Others can disagree.
16/07/2019 11:55 AM
gozilla88 https://klse.i3investor.com/blogs/koonyewyinblog/215011.jsp
16/07/2019 3:25 PM
gozilla88 suggest can one go do "CAN EGG" business. Since Alot people eat EGG
16/07/2019 3:27 PM
moneycashrich Canone is sure one for me at this time. Others can disagree.
16/07/2019 3:44 PM
mcheat This is a strange strange counter.....based on the circular, the proforma EPS will be higher than the share price!!!
26/07/2019 10:00 AM
mcheat Proforma miniumum earnings per share is at least RM5 with proforma net assets a share is between RM9.41 and RM10.62....the major shareholder might as well privatise this company as clearly the market has no trust in the company...even worse that Johortin....lol
26/07/2019 10:03 AM
Lukey_Greek The owner is definitely eyeing to privatize canone after this disposal. The reason is simple: Canone is basically KianJoo no. 2 now after the disposal.

The borrowing of RM917 mil to wholly acquire KianJoo will be fully repaid (take the average of min & max of the purchase price).

If the owner values KianJoo for RM1.4 bil & privatize it, there is no reason he wont take Canone private with half the price. (Canone current market cap is < RM700m)
28/07/2019 11:11 PM
Lukey_Greek We just need to be patient as this only will be happened after the disposal. & the time is on our side with the dropping of both aluminium and tin price from their peak. The profit margin should be back to normal & it eventually will be reflected in the share price.
28/07/2019 11:13 PM
ongth60 egm today
09/08/2019 10:14 AM
terence775 what's going on with can-one? From nearly 4 drop to like this
16/08/2019 2:55 PM
wwolves Hopeless company
17/08/2019 4:44 PM
lionel messi read the Edge Financial Daily today. says no special dividend. that's why. as mentioned by some gurus above, not an easy counter to make money. have to be very patient and only buy at very low prices.

also as mentioned by guru Lukey above, it's in their interest to keep share price low and depressed so that it will be cheaper to take it private later.

it is a deeply undervalued counter but need do your homework, read between the lines and be patient so as to beat them at their own game.
19/08/2019 8:38 AM
Surewind Expect share price to drop today?
I mean alot of ppl bought in anticipation for Special dividend.
Its good for the company but not so good to the investors.
19/08/2019 8:41 AM
terence775 Messi, only recently announced no SD, but price drop since 2+ months ago.. I was wondering what's wrong
19/08/2019 9:13 AM
lionel messi welcome to the dark and dirty world of this animal called the stock market where most of the time only insiders and investors with deep understanding and pocket make money.

selling or buying way ahead of the fact/news. like you said, price was dropping since 2+ months ago even with all the positive news, persons close to the directors were already selling ahead. due to their selling, other small investors also panicked which accelerated the fall.

likewise, these same people are probably buying back today after the news seeing that price did not fall sharply which likely indicate that price has more or less bottom.

of course there were other macro fear factors as well which caused share price to fall but by and large, it is an insider and rich man game.

that's why they go listing in the first place - to cash out and make money from minority shareholders. not many actually want to grow the company.

be careful and be very afraid.
19/08/2019 9:52 AM
Jeffreyteck Making profit but no dividend. Making losses or lesser profit eg sapura energy and airasia paid dividend. What's happened in bursa? Yes, is dirty world at your own risk amid beautiful governance structure. TP2.50.
19/08/2019 10:12 AM
terence775 Messi, thank you for your advice. But what choice do we have to invest our money and fight off inflation besides FD, unit trust and the share market... in the end kena makan also. Hard times we live in.
19/08/2019 10:49 AM


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