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KLSE: CANONE       CAN-ONE BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.40 3.20     -0.20 (5.88%)
* 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.
 
06/06/2019 2:49 PM
dompeilee dompeilee FINALLY! I'm clear in capital gain after buying high @ $3.3675 on 3rd Feb '17! =)
04/06/2019 10:32 AM

SOLD some Canone @ 3.90+
07/06/2019 9:06 AM
zhangliang 4.50-5 at least
07/06/2019 3:14 PM
Noni Price today up to 3.83, market cap how much can it still go ?
07/06/2019 6:59 PM
mcheat At 3.83 this counter is unbeliveably cheap. The market cap is less than RM750 million, still lower then the value of F&B which it hold 100%. If i am south capital, i might as well launch an offer on canone and get the rest of the business free and still does not cost me that much!
07/06/2019 10:08 PM
Noni Thanks for the info
09/06/2019 7:31 PM
zhangliang agree logic is the subsidiary is v valuable, whilst mother company has liabilities. But with impending sale, they will b able to pay off their short term liabilities. Collect on weakness will break RM4
11/06/2019 4:14 PM
Noni Got it, thanks.
12/06/2019 11:10 AM
shareguru Done!!! Next week fly!
14/06/2019 3:16 PM
ruby20 Wont pay whole chunk as dividend la, surely mostly will be used to pare down debt
14/06/2019 3:44 PM
brucewayne77141 It will be interesting after AGM
15/06/2019 9:22 AM
fengtzekai The edge reports really does not do justice to how good the deal is, in my opinion.

1. In short, the disposal value will be between RM800m and RM1 b of which RM750m will be paid upon completion. The balance will be paid later. If not paid, it can be converted to shares of Wholesome Dairy which is the new owner of F&B. Meaning if this is not paid, Can-One gets to own shares in F&B again.

2. The balance sum not paid now will attract interest at 8% per annum which, in today's world, very high. I dont think Can-One own borrowing cost is that high...

3. After disposal of F&B, gearing ratio will be between 0.55-0.79 depending on the disposal amount and how it is settled. This will put the old debate on how high the gearing of the group to bed.

4. After the completion, together with consolidated adjustment on Kian Joo, the profit for the year could soar to between RM1b to RM1.2b.

5. Net assets per share will increase from RM4.32 as at end of 2018 to between RM9.22 to RM10.44

No mention on whether there will be a special dividend or not though......
16/06/2019 7:32 AM
wendyuong Hi! May I ask whose are the competitors of Can-One?
16/06/2019 4:25 PM
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


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