Highlights
KLSE: KIANJOO (3522)       KIAN JOO CAN FACTORY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.80   +0.10 (3.70%)  2.72 - 2.80  213,800
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Overview

Market Cap: 1,238 Million
NOSH: 442 Million
Avg Volume (4 weeks):130,538
4 Weeks Range:2.56 - 2.80
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:2.00 - 3.00
52 Weeks Price Volatility (%):
80.00%
Average Price Target: 1.91
Price Target Upside/Downside: -0.89
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  23-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  22-Feb-2019
T4Q P/E | EY: 18.79  |  5.32%
T4Q DY | Payout %: 1.43%  |  26.97%
T4Q NAPS | P/NAPS: 3.31  |  0.85
T4Q NP Margin | ROE: 3.42%  |  4.48%

Headlines

Date Subject
15-Dec-2018 上升股:建裕珍厂阻力RM3.23
15-Dec-2018 [转贴] [KIAN JOO CAN FACTORY BHD:锡板,铝板和纸卷等直接材料的成本不断上升,生产成本增加,包括人工成本,马来西亚政府提议将最低工资提高10%,从每月RM1,000增加到RM1,100] - James的股票投资James Share Investing
14-Dec-2018 AmWatch - Stock Focus Of The Day
26-Nov-2018 Kian Joo Can Factory - Higher costs still a cause of concern
23-Aug-2018 Kian Joo Can Factory - 2Q Disappoints, Outlook Turns Bleak on Mounting Cost Pressures
11-Jul-2018 Mplus Market Pulse - 11 Jul 2018
25-May-2018 Kian Joo Can Factory - A Soft Patch in 1QFY18
16-May-2018 Kian Joo Can Factory - Weaker 1QFY18 Expected
23-Feb-2018 Kian Joo Can Factory - Ability to pass on cost increase bodes well for 2018
23-Feb-2018 Kian Joo Can Factory - Ability to Pass on Cost Increase Bodes Well for 2018
23-Feb-2018 Mplus Market Pulse - 23 Feb 2018
25-Jan-2018 Kian Joo Can Factory - Strong MYR to Alleviate Pain of Rising Material Prices

Business Background

Kian Joo Can Factory is engaged in manufacturing and distribution of tin cans. It operates in four business segments: Cans Division, Cartons Division, Contract Packing Division, and Trading Division. The group offers aluminum cans, beverage cans, dry food cans, confectionery cans, paint cans, edible oil cans, corrugated carton boxes, battery jackets, aerosol cans, sweetened condensed milk cans, ink cans, pineapple cans, 2-piece processed food cans, and mooncake cans. The company's geographical area of operation includes Malaysia, Vietnam, and others of which Malaysia accounts for larger share of its revenue.
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KLCI King Matter of time to "jump" down
25/08/2018 02:06
sheldon with poor dividends, who wants to buy this co's shares?
24/10/2018 11:02
princehero When is the results out... would be quite bad I suppose
21/11/2018 22:12
crash8593970308 the only way the share price is going is up......the downside in limited , school holiday coming , cny coming sales and demand should be good . the effect of no gst should kick in at the coming QR
22/11/2018 16:47
crash8593970308 price of materials for tin can also drop a lot as much as 20%
22/11/2018 19:16
princehero i hope it would drop as i haven't bought this share.....Looks like it would drop as mounting pressure....
23/11/2018 00:17
sheldon What terrible results! When results were good, dividends were pittance;

now results are poor, dividends will be non-existent.
26/11/2018 10:17
sheldon any idea why the suspension?
13/12/2018 11:34
Syndicates takeover at 3.1
13/12/2018 22:43
yipgusing haha .. no1 even bother to talk about the suspension in this forum ... this share seriously hopeless
14/12/2018 00:08
Syndicates apek stock is like this one la..
14/12/2018 08:59
sheldon HoHoHo ... it's going to be a white Christmas!
14/12/2018 09:13
yipgusing wah ... look at the opening ... is it serious this time
14/12/2018 09:17
yipgusing 3.1 MGO ..no wondder
14/12/2018 09:42
Speed123 haha . sad volume.. better run once open for sell
14/12/2018 09:45
Syndicates better run lor.. deal hardly go through one. gearing become so high once after they merge. if canone's shareholder reject, price would not be so high as now.
14/12/2018 10:55
pharker Limit up...Monday another round... See family may not want to let go..KJCF...
14/12/2018 10:58
triplewaves Trap... Trap...
14/12/2018 11:51
brushsoo The MGO can be financed by combination of funding by Can-one, not necessarily only debts financing.
14/12/2018 16:17
princehero Missed the boat..,
14/12/2018 20:04
ivan9511 now you guys believe me
find back my previous comment
as ::


ivan9511
2929 posts
Posted by ivan9511 > May 5, 2018 05:23 PM | Report Abuse X

ivan9511 Sapu sapu
Sure comfirm limit upppppppppppp
Very strong solid comapny
Sure uppplp
Sapu
06/04/2018 15:03


oks911
73 posts
Posted by oks911 > Jun 25, 2018 09:00 PM |
ivan9511
2929 posts
Posted by ivan9511 > May 5, 2018 05:23 PM | Report Abuse X

ivan9511 Sapu sapu
Sure comfirm limit upppppppppppp
Very strong solid comapny
Sure uppplp
Sapu
06/04/2018 15:03


oks911
73 posts
Posted by oks911 > Jun 25, 2018 09:00 PM |
15/12/2018 00:45
ivan9511 AND iGIVE TIPS HERE
try see FAVCO FAVELLE FAVCO BHD AND Bank Islam , anytime
This one I already give tips while at lowest and already limit upppp
////m

next will be favco and bank islam
15/12/2018 00:48
pharker As long as the trigerring party dun pare down their shareholding..its MANDATORY general offer..still need Canone shareholder approval oe not? Not veru sure how it works. Any sifu can share knowledge. Thanks
15/12/2018 06:56
James Ng https://klse.i3investor.com/blogs/general/186711.jsp
[转贴] [KIAN JOO CAN FACTORY BHD:锡板,铝板和纸卷等直接材料的成本不断上升,生产成本增加,包括人工成本,马来西亚政府提议将最低工资提高10%,从每月RM1,000增加到RM1,100] - James的股票投资James Share Investing
15/12/2018 12:57
crash8593970308 laughing all the way to the bank
16/12/2018 13:49
ivan9511 Next up is Favco and Bank Islam ;:

now you guys believe me
find back my previous comment
as ::


ivan9511
2929 posts
Posted by ivan9511 > May 5, 2018 05:23 PM | Report Abuse X

ivan9511 Sapu sapu
Sure comfirm limit upppppppppppp
Very strong solid comapny
Sure uppplp
Sapu
06/04/2018 15:03


oks911
73 posts
Posted by oks911 > Jun 25, 2018 09:00 PM |
ivan9511
2929 posts
Posted by ivan9511 > May 5, 2018 05:23 PM | Report Abuse X

ivan9511 Sapu sapu
Sure comfirm limit upppppppppppp
Very strong solid comapny
Sure uppplp
Sapu
06/04/2018 15:03


oks911
73 posts
Posted by oks911 > Jun 25, 2018 09:00 PM |


ivan9511
2931 posts
Posted by ivan9511 > Dec 15, 2018 12:48 AM | Report Abuse X

AND iGIVE TIPS HERE
try see FAVCO FAVELLE FAVCO BHD AND Bank Islam , anytime
This one I already give tips while at lowest and already limit upppp
////m

next will be favco and bank islam
16/12/2018 14:20
Lukey_Greek The intention of YJH & PAC is clear. They wanna proceed with MGO & accumulate KianJoo shares in current weak sentiment. Else they wont incurred cost & time to engage AmInvestment Bank to undertake the exercise. They can easily pare down their shareholding to <30% in the market to comply with SC sanctions imposed.
16/12/2018 17:51
Datokim
THis is one counter i regretted letting go to buy DIGI..... looks like going to hit RM3 any time soon.
https://youtu.be/wOt_aIQlUbs
16/12/2018 17:51
sheldon The previous offer by Aspire was RM3.30 & that was considered low by minority shareholders.

Now a year plus later, the following cannot be denied

- RM is weaker against USD
- RM is of lower value from time value of money context
- Net asset value per share has increased given that the peanuts dividends paid lately were far less
the earnings.

One can conclude that 3.10 which is a steal !
16/12/2018 23:40
newbie4444 Why lousy QR also chased so high?
17/12/2018 04:21
newbie4444 If chased bec NTA many stocks below NTA why not chased also?
17/12/2018 04:22
lionel messi actually it was 5 years ago that EPF tried to buy KJ at RM3.30 and people were screaming it undervalued the company.

there is merit to this deal even at RM3.10 but the way Canone went about it is in bad taste. they tried to hide it and not make a MGO but somebody whistleblow to SC and they got fined and forced to do the MGO.

they did not want to do it because they already have controlling interest and running the show in KJ. why spend so much money?

I have a feeling if this deal is not aborted or failed, the acceptance will not be high as the See family and EPF will not accept it.

the major positive to this deal is not the earnings of KJ but their large portfolio of undervalued properties and another listed company Boxpak.
17/12/2018 08:22
mudah288 Lukey_Greek, your observation is SPOT ON ! This guy do not go to so much effort for nothing. Look at the BIG picture why he wants to collect as much shares as possible at this level ?
17/12/2018 11:13
pharker This guy is now collecting at below 3.10..at 2.75 level...once reached 50%..can take the entire KJ at much lower cost whether u like it or not..He is not stupid..very shrewd..pity KJ minority.
17/12/2018 13:16
pharker That time MGO will jadi Mandatory Take over offer
17/12/2018 13:20
pharker i.e Unconitional take over
17/12/2018 13:24
pharker Now pressing down price for ppl to unload n collect till reach more thwn 50%
17/12/2018 13:26
sheldon I think as Can One & gang picks up the shares cheap, they are also throwing the shares if the price goes beyond 2.80 due to the demand so that the net shares bought will be cheaper than 3.10.
17/12/2018 14:30
crash8593970308 better sell c 1 acting like conman counter
17/12/2018 17:29
mbge7clt looks like arbitrage opportunity. is the offer for real? can the offeror cancel anytime?
18/12/2018 22:04
AlfI3 Bear in mind tat this grp of conmen goreng Boxpack till 2.68 for trapping naive investors to subscribed rghts issues. Once d rights listed, dey trapped n siphon away all those funds n pressed Boxpack till belo $1.20 w/in a yr time. I remembered this lesson well n hope u guys b cautious on this conmen tactics. Dun drop till u cant tear out.......
26/12/2018 21:11
watchdog88 Funny, why nobody buy at RM2.62 and sell at offer price of RM3.10 ? Unless nobady expect the offer will be successful ?
03/01/2019 00:50
johnbrooks Watchdog, i also think the same thing. But logically can one should already know that they will need to do an mgo before negotiating the deal w mr tan right? I mean they are already @ 32.9%. Buy 500k shares also already trigger mgo. Why the heck nego to buy 2.2mil share with a friendly party to only back away at the last minute? I think deal will go through. Just that now everyone is too pessimistic. I think last month it even fell to 2.48. Mayb just buy and hold till egm. Pray a lot and hope deal will go through.. Dunno where to put money anyway.. Every thing looks crazy now..
04/01/2019 21:02
apolloang a few times mgo unsuccessful,maybe won't again,if really can now is between 3.00-3.05
04/01/2019 21:05
sheldon EPF is buying in chunks. Perhaps they are acting in concert with Can One
05/01/2019 04:55
lionel messi pls be aware that this need Canone shareholders' approval at an EGM later. if they reject it, the whole MGO thing will be aborted and KJoo will go back to sleep at around RM2.00.
06/01/2019 10:50
AlfI3 Lionel, any idea when wud b d dateline for Canone EGM for this aprvl? As SPB mgo prc increased frm 5.70 to 6.30. Wud kianjoo folo d same pattern?
16/01/2019 10:12
AlfI3 Lionel, any idea when wud b d canone egm?
16/01/2019 10:13
AlfI3 As spb mgo had increased frm 5.70 to 6.30。Wud u think kianjoo mgo folo d same pattern?
16/01/2019 10:14
lionel messi not sure when the EGM but should be before Apr this year. my view is Canone shareholders are likely to reject it as there is no good reason for the MGO. it won't add to its earnings and Canone is already the tai kor in KJoo anyway, running the operations and the controlling shareholder.

therefore no question of it raising the offer price ala SPB. SPB is different because it is grossly undervalued and most assets are in Damansara Heights.
16/01/2019 10:28


 

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