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Overview
Financial Highlight
Headlines
Business Background Can-One Bhd engages in manufacturing of metal and lithographed cans, plastic jerry cans, and packaging and distribution of dairy and non-dairy products. It operates through following segments: General Cans, Food Products, International Trading, and Property and Investment Holding. The General Cans segment includes manufacturing and distribution of lithographed tin cans, plastic jerry cans, flexi pack, and rigid pack. The Food Products segment offers manufacturing and distribution of foods products. The International Trading segment involves the trading of dairy products and raw materials. Firm’s Property and Investment Holding segment and Food Products segment account for majority revenue of the firm. The firm generates a majority of its revenue from Malaysia region.
  YimPekHa The good news is that results will be out soon and this means that it is time for you to sell now. 15/11/2017 01:17 YimPekHa Market factors. You would likely see a compressed margin for the group mainly because of 1. higher tin/aluminium prices for packaging, 2. higher sugar cost in malaysia as this is monopolised by CSR/MSM by sweetened milk division, 3. higher minimum wage cost and many many more. So, if you can still expect this sector to improve this coming quarter, it is not advisable to remain invested. There is some form of support over the stock price, but YOUKNOWWHO is wanting out. It is important to know when you need to cut your losses, and the time is NOW. Come back during the correction. I am proud to say I have beaten Mr market FLAT over the long run. BRAVO. 24/11/2017 10:04 godhand1234 I agree to YimPekHa.. the quarter report most likely will drop.. May refer to KianJoo QR.. 27/11/2017 12:53 YimPekHa BRAVO to those who exited their positions. Super congratulations to those who listend. MIDF analyst must have no other stock to write about to come out with a report on this counter. KYY please sell down more. 2.65 and below would be an attrative price to get in and a 20-30% profit by mid next year would be achievable. Who knows, may be another acquisition rumour may help lift the stock back up to RM5 as we saw in 2015. 05/12/2017 11:46 Jeffreyteck So quiet here. TP1.80, est both revenue and profit will drop and DY remains low. 10/07/2018 11:48 Chewchew https://www.thestar.com.my/business/business-news/2018/07/27/india-milk-powder-exports-to-surge-on-subsidies-dampen-global-prices/ 27/07/2018 14:47 Edwardong53 The majority SH are holding tightly to avoid its market share price from moving up so that later they will make a mandatory takeover at a very cheap price even though the share is undervalued. Co. only reward very cheap div to retailer SH. 23/08/2018 17:57 Oon Chin Heng When market down. Canone follow down. When market up, Canone still down. Good 12/10/2018 16:13 shpg22 Edwardong53 Stop hallucinating. Low P/E does not automatically equal to cheap/undervalue. Other criteria like dividend payout, leverage & liquidity will affect the P/E valuation. 16/10/2018 16:03 princehero Bought this stock 2 yrs bec after reading kyy articles ... lost a huge amount of money... learn a vy valuable lesson ... 21/11/2018 22:13 watchdog88 CanOne MGO to buy Kian Joo at RM3.10 per share. Yeoh got reprimanded and fined RM455,000 for exceeding 33% without MGO 13/12/2018 22:58 firehawk not only fine, if SC can jail he up is even better for a healthy market operation ..... 14/12/2018 10:17 taitaumau My doubts: (1) Whether the PROPOSED MGO and SSA are merely remedy exercises "COMPELLED" by SC, in order to rectify wrongful acts done by YJH and his PACs ??. If so, can one say that it is never the intention of the company to trigger the take-over code?? (2) Upon completion of the MGO, gearing ratio swells from 0.63 to 2.41 ( Group debts ballooned to 1.9 billion). Isn't it too high ?? (3) whether YJH and PACs are "FREE" to cast "No" votes in the coming EGM ?? If u r a shareholder, say Yes or No ?? . 14/12/2018 14:42 firehawk yes, there are many doubts .... one of them is, from my understanding, the acquisition needs the CANONE shareholders approval, will the CANONE shareholders approve it? but today KJ is already limit up, seems like the proposal of acquisition sure will be approved by CANONE shareholders! 14/12/2018 15:15 sleang as i understand it, Mr Yeoh needs to reverse back his stakes to <33% if this proposal is rejected in the EGM...that would be not rational since he bought Mr Tan's stakes earlier... from here this would mean that he will work this out to get this approved.. 16/12/2018 12:39 newbie4444 So KJ MGO can still cancel if too high gearings? Why not sell KJ if really got some1 chased too high? 17/12/2018 04:19 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 firehawk From the SC letter, after paying the penalty, CANONE has the option to reduce their holding in KJ, (c) restriction on the aggregate number of voting rights that may be exercised by the Parties Acting in Concert in KJCFB to not more than 33%. In addition, if the proposed corporate exercise for which consultation with the SC was held on 21 December 2017 is not carried out within six (6) months from the date of the SC Letter, the Parties Acting in Concert are required to reduce their collective holdings in KJCFB to 33% and below. Reduce the KJ holding is in the best interest of CANONE and it is not reasonable for the shareholders to approve the acquisition! 17/12/2018 09:27 pharker KJ got many undervalued assets..may be thats what they are eyeing..not the earnings prospect..may be convert some of the land banks to prop dev..who knows 17/12/2018 13:28 firehawk if CANONE buy KJ@3.10, it financial conditions will be worsen ... and share price will be lower ..... 20/12/2018 16:38  James Ng https://klse.i3investor.com/blogs/general/189372.jsp [转贴] [CAN-ONE BHD：本财政年度最后一个季度的经营环境预计将继续面临挑战，原因是外汇汇率波动，原材料价格上涨以及尤其是一般罐头部门对果仁罐的需求减少] - James的股票投资James Share Investing 09/01/2019 12:37 Lukey_Greek From the price movement these few days, the last querter profit for FY18 will be one of the highest of the recent years. Canone business model is very similar to Johotin. Please refer to Johotin Q3 financial statement notes to gain some insights. ;-) 12/01/2019 18:28 lionel messi you are right. may even announce a bonus issue as a sweetener for a rights issue to fund the proposed MGO of KJOO (if it is not rejected by Canone shareholders at the forthcoming EGM). personally, I think it will be rejected. most investors are not aware that Canone's main business is no longer cans but more of F & B. this division contribute most to turnover and profit. a Dutch Lady or Nestle in the making. it is also likely to go for a listing soon. Canone has deep value and grossly under researched. may be the people running Canone are too low profile and not friendly to analysts or fund managers. 13/01/2019 10:33 PotentialGhost Canone already rise more than 40% in 1 week , THX those idiot sold below 2.20 day by day they morning sell until midnight. Hahaha 17/01/2019 21:11  |
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