Well, this is just a financial analysis on Can-One Bhd's core biz.. Besides, Can-One only owns Kianjoo 32.9% (Not even a subsidiary). Not to mention that Kianjoo's performance is not good as well. At the end of the day, it is still boils down to the Group's Cans division & Food division. The writer already analysed the "operating" cash flow generated by the Group which is generally not consistent. This automatically linked to both the Group's core biz cashflows.

Indeed, past performances does not determine future results but it is a good indicator of whether the Group's biz is resilient or not. The writers look at long-term. Unless you are pure asset play, then assets like Kianjoo maybe your focus.

Lol, do you even read the date of disposal? 13/07/2016

anyone can share what the management has talked about in their AGM today?

Everyday also dropping..but it will give me a chance to add more..

https://valuestockresearch.wordpress.com/2016/10/02/3-reasons-why-banking-stocks-should-be-on-your-watchlist/

Everyday drop bit by bit...from RM3.06 to now RM2.78....hmmm..lets see how low it can get to...

https://valuestockresearch.wordpress.com/2016/10/02/3-reasons-why-banking-stocks-should-be-on-your-watchlist/

https://valuestockresearch.wordpress.com/2016/10/02/3-reasons-why-banking-stocks-should-be-on-your-watchlist/

Why I find that this counter is worth to look into it deeper..

https://valuestockresearch.wordpress.com/2016/10/02/3-reasons-why-banking-stocks-should-be-on-your-watchlist/

It's just a renewal of share buy back authority..which they done it every yr..

But i still don't know why the sudden increase..must be the syndicate trying to "pump and dump" again..

TP RM3.34.... If it keeps increasing, its going to be overvalued..it is best to take out initial capital and leave the gains to the market and earned dividends =)

The sharp increase in PADINI share seems worrying..don't know whether is it sustainable or not.. ><

Dropped back to RM2.99

Hansolo1...mana? Plunge tml? Or the day after tml? What do you wanna say again?
Why you no comment here anymore?

Those keep ask ppl to sell, stop being hypocrite and scare the public that today share price will plunge..

This counter is still in uptrend..and its fundamental are still strong.. My Tp to sell is above rm3.30

Couldn't move past the RM2.95 level... next week maybe?

I notice padini yesterday listed a new "Call Warrants"... i wonder what happen..

When it drops...it just means the opportunity to buy more has come... its like when you go shopping malls and you see there is big sale going on with more than 50% discounts...

But AllianceDBS actually not wrong though, because Padini's current PE is actually near its highest PE since year 2012... to calculate the intrinsic value:

Take the median PE (highest + lowest PE/2), assuming the full yr 2016 EPS is RM0.20, that would workout the value to be RM2.28 (11.4 x 0.2 = RM2.28)...then add the net cash per share which is approx. RM0.32 per share (Cash on hand - total borrowings/ no. of outstanding shares), hence the intrinsic value should be RM2.60..

There are alot of assumptions here which i might be wrong:
1. I assume the fourth quarter will be doing well that earns PADINI at least EPS of 0.05 which will give the company full year EPS of RM0.20 (come one.. it is impossible to earn more than RM0.05 cents in 3 months time unless there is significant buy back of shares by the company which could reduce the no. of outstanding share and increase the EPS)

2. The median PE is basically based on historical PE and I have use the most optimistic way which is taking the highest and the lowest to find the median rather than average the PE over 10 years.

If u compare PADINI's current PE (15) against its industry peers (16.9)...although, PADINI is still pretty much lower than its industry but it is closer to it.. I do feel PADINI is abit overvalued but because my entry price is below RM2.00 and my Dividend yield is 5%..I don't think its a good time to sell too... thats my opinion.. =)

AllianceDBS reduce Target Price to RM2.60... retail investor react to this by selling it.. so thats why drop...

lose the chance of buying it..bcos you ppl keep pushing the prce up...lol!! give chance la..

Stop buying..let it drop till rm1 only go in la..aiyo, why everyone is buying..aiksss

Why ppl are concerned with bad quarter when the 3Q ended results is already comparable with its last full yr 2015 performance? Weird..

Pump and dumped...that's what happen but if your entry price is below rm2..then should be fine..

profit taking pressures...

correction: Not "net operating cashflow per share" but "net cash per share" =)

The average historical PE of Homeritz Corp approx. 7 times...if you take the current EPS of 10 cents (source: KLSE screener apps) multiply by the average PE is about RM0.70 and adds the current net operating cashflow per share of RM0.17. Hence, the intrinsic value would be RM0.88. When compare against current share price is slightly overvalued.

In my opinion, Homeritz valuation is at its historical high. Plus, when you compare the current PE against other companies like Lii Hen, Latitude Tree, Hevea & Poh Huat...Homeritz PE are the highest among them.

Drop till 2.69 dy..profit taking pressure

hahaa...drop back to 2.71

Mr.Chan selling his stakes again..

Post removed.Why?

Really? on what grounds that you say padini doing creative accounting?

why sell when it is a good counter?

Good result but people are selling this stocks...from increase 12 sen to 2.42....now is 2.34... good job, keep selling..

Nice to know you too James! :)

Well, the reason I use revenue is because if u use their eps, the CAGR is way below than 10% which makes the valuation much more lower than rm0.69/share.. Nope, I'm just an auditor who is interested in stock investing :)

It does makes a difference if u are using EPS in the DCF model.

Well, if u calculate its CAGR it is only 10% based on its revenue and using DCF Model with discount factor of 4% (current FD rate) and the trailing 12 months EPS of rm0.05..u will get a value which is at rm0.69/share...

I think we can't compare with muda paper in terms of its price because of their share capital par value. I notice quite a number of companies with share capital par value of rm1.00/0.50 tend to have higher share price. Example, BAT, Nestle, Latitude Tree, etc. But in terms of quality, I would say NTPM really is better than Muda Paper.

NTPM is growing but not fast enough due to intense competition that eats up their margin even though they have a 55% market share.

Hi James, I'm newbie here but thanks for your insights...at least I learn something new today :)

I don't think it will announce a bonus issue because the current share price par value is at rm0.10...further issue will dilute its eps..I do agree it's growing and the management has been very focused..so, maybe a higher dividends? :)