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KLSE: KAWAN       KAWAN FOOD BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.28 1.10     -0.18 (14.06%)
* 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
31/05/2019 1.40 0.70 -0.70 (50.00%) SELL BIMB Price Target News
01/03/2019 1.65 1.50 -0.15 (9.09%) HOLD BIMB Price Target News


Price Target Research Article/News (past 6 months)
31/05/2019  BIMB Kawan Food - Poor quarter as fixed cost rises
01/03/2019  BIMB Kawan Food - Bidding adieu to a rough year



  2 people like this.
 
shpg22 Still ridiculously expensive. Should be worth not more than 1.50. Maintained STRONG SELL.
21/10/2017 12:23 AM
monkeyinvestor bye bye i gonna buy it no matter what!
22/10/2017 8:23 PM
goldenluck16 Another round of selling by fund manager
25/10/2017 8:43 PM
newz88 Kawan sudah mula Lawan! Up Up Up!
27/10/2017 1:41 PM
BlackWhite Well price dropped 40% pe would drop too, good buy if below 3
10/12/2017 11:19 AM
mf Rip
10/12/2017 11:21 AM
newz88 I think Kawan is making new investments, and diversifying business, do you guys think it will go up soon?
18/12/2017 9:46 AM
BlackWhite Good buy to keep since iPhone X not selling well so our electronic stocks darling will fall
27/12/2017 10:15 AM
ZERO@G Anyone think they are underpriced?
27/02/2018 11:59 AM
Neut_ron1 In share market ppl buy on future earning ;) does kawan got it?
17/06/2018 1:40 AM
mbge7clt why suddenly up?
18/06/2018 4:26 PM
apolloang so low volume u also can push it up if u want.....hahaha
18/06/2018 4:30 PM
sincerelysharing shpg22 if u feel kawan fair price only worth 0.85, then u should short sell kawan from now. But i willing to take all ur short selling shares at tis level. Immature comment, really misleading.
18/06/2018 10:48 PM
mbge7clt what's cooking for kawan?
18/06/2018 10:51 PM
vcheekeong P E Kawan ?
21/06/2018 5:29 PM
monkeyinvestor tis stock not qualify to short la!
28/06/2018 10:11 AM
sincerelysharing monkeyinvestor, kawan is qualify for IDSS la....
03/07/2018 10:53 PM
Sammi168 Why this share dropped from $3.30 to 2.20?
13/07/2018 5:47 PM
750023336 https://www.facebook.com/fatainvesting/posts/2101283453447857

Kawan Food new plant with 3x capacity started operating in July 2018, management aim to achieve full utilization in 3 years
17/07/2018 8:54 PM
sleang good sign, improving QoQ, hopefully the migration to new factory & the utilisation will soon be higher :)
23/08/2018 10:48 AM
sleang interesting findings,
for the past 3yrs 8mths, the stock only traded $2.3 and below for about 30% of the time (all adjusted for div/bonus), that is without new factory capacity.
Today, it closed at 2.30, with new factory started being used, not to mention the QoQ results improved over Q1, lets see if there's opportunity to collect lower :)
23/08/2018 10:23 PM
BlackWhite Drop some more good brother help lah
27/08/2018 3:38 PM
BlackWhite Drop drop
06/09/2018 10:55 AM
villa1668 Tried the roti canai before, the taste not nice.
26/09/2018 6:08 PM
GRACE1966 Add red bean very sedap.
28/09/2018 7:53 PM
villa1668 Outside roti canai better than Kawan, kuah very important
09/10/2018 9:02 PM
BlackWhite Now drop until no eye see
18/11/2018 2:57 PM
BlackWhite Better drop some more for everybody benefit
18/11/2018 2:58 PM
sincerelysharing https://www.thestar.com.my/business/business-news/2018/12/10/cimb-research-retains-kawan-food-target-price-of-rm3pt02/
11/12/2018 11:05 PM
monkeyinvestor avg down !
12/12/2018 12:05 AM
monkeyinvestor buy buy call now!
12/12/2018 3:36 PM
commonsense The new plant in Pulau Indah has been completed which is expected to boost the paratha production by 3-fold and freezing capacity by 5x. However, it is still not sure if the plant will be able to run at a high utilisation rate as the demand from some of its main market has seen negative growth in particular North America market where 9m18 sales was down by 17% compared to last year. Malaysia, Asia and Europe markets on the other hand saw their combine sales increase by 5% during the same period. Even with the growth from these 3 markets the overall sales of the group actually saw a small decline of 2%.

But the more worrying issue lies on the compression of Kawan’s profit margin. 9m18 PBT margin fell to 13.5% vs FY17 margin of 18.3%. If the Pulau Indah plant could not operate at a high enough utilisation rate, investors need to be prepared for a further drop to the group’s profit margin.

That being said the group has a very strong balance sheet. As of sept 18 the group is still in a net cash position of RM19.8 mil. This will provide the group with some support when trying to manoeuvre out of the current challenging period.

At the current price, Kawan is currently trading at a valuation of 30x PE which is really high considering that the group might face difficulties in delivering profit growth to its investors. Kawan had only managed to deliver a profit of RM17.2mil in 9m18 compared to the RM23.2 mil achieved in 9m17. This represent a drop of profit of more than 25%.

If you are looking to diversify your portfolio outside of Kawan Food (due to the perceive weaker market outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
23/12/2018 9:56 AM
D_investor Good sharing @commonsense, especially on providing counter perspective on the capacity expansion by Kawan Food Berhad. As an investor, i believe we need to sieve through various sources of information, while remaining rational and not biased.

Here's a link to a summary report on Kawan Food Berhad (https://mcoremart.com/index.php/product/kawan-food-berhad-kl-7216-summary-report/). It provides summarized version of alternative perspective on Kawan Food Berhad and considers the downside of the capacity expansion.

Have a good read and happy investing!
30/12/2018 11:39 AM
RainT time to be hunter ?
17/01/2019 7:00 PM
oregami wow! qr turned green!
01/03/2019 5:15 PM
bose00 can enter now ? Any opinion..
03/07/2019 4:17 PM
04/07/2019 1:01 PM
bose00 yup entered. Thanks
04/07/2019 2:27 PM
CaptainVeryKeng Good choice
04/07/2019 2:29 PM
CaptainVeryKeng WHt is your entering price?
04/07/2019 2:30 PM
value88 What happens to Kawan ? It's stock suddenly surges today..
The directors have been buying in open market. Hmm...they must know what we do not know.
Kawan's new plant is ready but it will take some times for utilisation rate to go up. Probably, the new plant receive some big orders and the directors see bright prospect.
04/07/2019 3:04 PM
TrueInvestor90 all the best who enter early :)
10/07/2019 3:47 PM
11/07/2019 2:11 AM
YLR33 Good, will load more
11/07/2019 6:47 AM
YLR33 Aiya, why up so fast
11/07/2019 6:47 AM
k6ii wow...Ini Kawan kita ke?
11/07/2019 9:36 AM
Fabien "The Efficient Capital Allocater" Bought some Kawan. Resilient business
02/08/2019 2:13 PM
No right Nor wrong Only to Win monkeyinvestor,

Kawan 今天触碰
之前历史底点1.27
很快又 弹了上去

今天的表现不错
又让我 加kawan 多一分。
06/08/2019 3:02 PM
RainT Timothy Tan Heng Han is the son in law of Gan Thiam Chai

Young, handsome and smart

KAWAN FOOD will have bright prospect
14/08/2019 3:30 PM
oregami kikiki..... never heard of ppl buy share bcoz of director handsome.
16/08/2019 12:46 PM


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