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  investlogic Recently it suddenly change the auditor Messrs ChengCo PLT, yesterday news finally explains why, it is because Kawan Food auditor ChengCo being punished and prohibited from taking audit job by SC, due to non-compliance. ChengCo has been Kawan Food auditor for the past few years, this make me worry whether Kawan Food account also has non-compliance issues? I think management should come out to clarify and give confidence to shareholders in this matter, rather just cover it up saying that change of Auditor is due to rotation requirement. 21/08/2019 6:48 PM value88 Insiders/directors have been buying Kawan's stocks in Jun-July'19 at quite significant amount. I suppose that means the coming Apr-Jun19 quarterly result should not be too poor ? The current price level is at new low and very tempting. 22/08/2019 11:28 AM AudemarsPiguet This company sells a fad product. When hand made roti canai costs a lot more cheaper than a factory made roti canai, you have got a problem 27/08/2019 10:21 PM value88 Kawan's earnings is lower YoY but higher QoQ in Q2. From the quarterly report, i can see several positive signs as follows : i) The revenue achieved in this quarter is the record highest since listing. ii) The gross profit margin has improved QoQ. iii) Management is positive on the growing sales demand in domestic and export market, especially China. iv) Kawan won the Product Innovation 2019 Award. I can see Kawan's performance should get better in quarters to come. It just need time to generate higher sales revenue and achieve higher capacity utilisation in order to offset the higher depreciation and higher operating cost from new plant. I am almost certain that next quarter's earnings will see further improvement QoQ. 27/08/2019 11:09 PM RainT KAWAN case is similar with SCGM also new plant then high depreciation costs and low utilization the costs of new plant need more time to ramp up sales 28/08/2019 10:27 AM RainT won Product Innovation Award will not make the share price go up KAWAN, please show your profit up non stop 28/08/2019 10:28 AM value88 For a company with new plant/capacity, it is important to see if its sales revenue has been increasing. If yes, this means the additional capacity is gradually taken up, and soon or later, the earning performance will improve when utilisation rate is high enough to offset the higher depreciation and operating cost resulted from the new plant. We can see the above is happening to Kawan as it achieved the record highest revenue since listing. This substantiates the new capacity expansion is serving its purpose. The opposite example is TomyPak. After its new plant commenced operation, its sales revenue is even lower than before installing the new capacity. We should ask a question why then TomyPak wanted to do expansion then if it doesn't help to sell more products but the opposite. 28/08/2019 4:43 PM RainT bkawan is do plantation one la kawan is food processing name same only but not relate 09/09/2019 10:45 PM RainT @heehaa911 why con counter? recent drop is due to low profit as the expansion have delay & problems KAWAN biz is defensive, food industry and they are coming out with new bread products soon 19/09/2019 9:45 AM Fabien "The Efficient Capital Allocater" 200mil revenue company. sales growing every year interrupted. china sales growing double digit. business is resilient ample of production capacity to absorb growing demand. sales in expansionary mode profit margin temporarily squeezed due to high depreciation charges. intensify cost optimisation and automation to mitigate potential escalating cost and further enhance profit margin new products to meet growing demands moving forward, capex is reducing. more free cash flows to support dividend payment. recent quarter positive FCF 01/10/2019 1:55 PM RainT not only recent qtr , i see the past few quarters also positive free cash flows 08/10/2019 11:08 AM Fabien "The Efficient Capital Allocater" From CIMB estimates FCF 2018: 9.18m 2019: 0.16m 2021: 26.74m 2022: 31.90m massive FCF growth in 2021 onwards. forward P/FCF is below 15x. 21/10/2019 9:14 PM witan Fabien "The Efficient Capital Allocater" Thanks for the info. Mind sharing the article where you get the above figure from? 22/10/2019 10:14 AM Fabien "The Efficient Capital Allocater" No one interested in Kawan? It's creeping up nicely 30/10/2019 5:25 PM amitabha Technical very strong... Future prospect is catching up, more room to fly... 31/10/2019 6:43 AM Fabien "The Efficient Capital Allocater" if u have a longer term view, this stock is worth at least RM2 At current price, you have above 30% margin of safety 13/11/2019 3:17 PM bose00 Results are improving.. if next quarter shows the same sign . most investor will rush in to buy. Better collect now then later.. 14/11/2019 9:53 AM factslim1 We had earlier forecast a 30% revenue growth for Kawan Food Bhd for the financial year ending 2019 (FY19), mainly driven by the launch of new major bread products in the first half of 2019, a strong US dollar against the ringgit, and an organic growth in export markets 14/11/2019 3:53 PM RainT profit drop capacity over than demand high depreciation due to expansion next qtr will be good ? lets see 27/11/2019 9:39 AM shpg22 Believe the new factory utilisation rate is still low. It will pick up as revenue is still keep on growing. Once utilisation rate exceed its depreciation rate, its when magic happens. 27/11/2019 2:10 PM Fabien "The Efficient Capital Allocater" i still believe earnings recovery are imminent i have sold mine at 1.65 yesterday will look to re-enter again 27/11/2019 2:12 PM shpg22 I ll only concern if the revenue stagnant or drop. As long as revenue keep growing, profit growth is imminent. 27/11/2019 3:21 PM Think May need to wait for a few quarters to see the recovery. Need to factor in opportunity cost if were to enter this counter. Heavily impacted by hike in labor cost and operating expenses. Hope to see more automation to bring down the operating cost. 27/11/2019 11:38 PM  |
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