China-based canmaker Baosteel’s first beverage can plant in Malaysia has started production. Located on a 16-acre site within the Eco Business Park V at Puncak Alam in the Klang Valley of Selangor state, construction of the plant began in December 2020 with commercial cans being made this month (February). The first phase of the RMB461 million (US$66m) project has the capacity..
SB survive crash of glove related stock than the crash of tech stock. SB also survived from force labour issue and the price was holding on despite major crash ..sound too good to be true and it holding strongly at 0.35.... As it is still suspended!!!!...:)
E. RISKS Volatility in commodity prices. Raw material generally makes up 70% to 80% of Can-One’s cost. Any big changes in commodity prices will result in margin compression as it takes time for the company to pass on costs to its customers. Foreign exchange risks. Can-One’s profitability is subject to currency effects as the raw material it uses are directlyor indirectly quoted in USD. About 35% to 40% of the group’s raw material costs are quoted in USD while the remaining is sourced locally in ringgit. However, its income is naturally hedged as about a quarter of its sales are for export market. Operational risks. Can-One is subject to local and foreign policies that could impact its profitability. Such policies include minimum wage, import and export policies among others. As a manufacturing company, it may also experience operational disruption such as pro-longed machinery breakdown/ accidents that could potentially affect its output. As an established company, we believe that Can-One have implemented sufficient measures to prevent such events and minimise impact of these incidents.
just collect in dips .. not many company able to make money in Q3 .conservative calculation , EPS 5cents x4 ..minimum EPS 20cents.. how many stock in bursa can give u EPS 20 cents for 1.xx share with a stable business ( non cyclical )
@treasurehunt , a lot of possibilities, we wont know about it. They are operating at 60 % capacity , if still can make money is very good . risk to Can1 is minimal .now Can1 drop due to market sentiment 1.The reemergence of omicron virus won't affect them much if another lock down , last MCO Can1 still can operate at 60% unlike a lot of factories . 2.The risk of force labor issue is minimal unlike the glove and EMS sector . 3.No single concentration of main customer . 4. Foreign worker : Can1 don't depend on Indonesia worker unlike construction and plantation sector
Can or cannot in this market will need Mr Market to answer ....
"I have slightly less than 5% of the total issued shares to avoid reporting my trading activities under SC rules:I have slightly less than 5% of the total issued "shares to avoid reporting my trading activities under SC rules"
analysis from treasure hunt was good, the main problem with this counter is lack of coverage by analyst + the management team not doing enough cooperate presentation in engaging with investor unlike Able Global (Johor Tin )
I owned Kianjoo berhad (KJB)share previously as long term investor until the day it was privatized by Can1 KJB was valued at 1.4 B , KJB was also bid by a Japanese consortium value it around 1.4x B when they want to get the 32.9 % KJB share owned BY Can1. --------------------------------------------------------------------------------------- Before privatization KJB market cap around 1.4B Can1 around 600M after privatization Today market cap about 800m that mean a combined market cap of 2 B become 800M Can1 sold their creamer business for 1B that is extra money so now at this price u buy Canone is like last time u buy KJB and get free can1 share with Extra 1B cash proceed from selling the creamer business + their factory land machinery +etc
Business model market condition 2015 vs 2022 didn't change much business model didn't change much recession proof industry market leader in South east Asia and Malaysia ( 70% market share ) now share price around RM 4
In summary , you can do your math and its just my opinion . Buy at your own risk P/s I owned Canone bhd share
Despite movement restriction in Vietnam and Malaysia, Can1 still recorded profit. Lower revenue thus translate to lower profit, if they regain in full capacity ,I think they should have a better quarterly report on 4th quarter .
She noted that SSPN deposits rose to a record-high of RM1.99 billion last year -- an increase of RM623.82 million or 45.6 per cent from RM1.37 billion in 2019 -- bringing the total amount of SSPN deposits to RM7.88 billion as at Dec 31, 2020. Noraini also added that 436,101 new SSPN accounts were opened in 2020, bringing the total number of accounts to 4.82 million since it was established.
KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) today unveiled a new product under its National Education Savings Scheme (SSPN).
Known as Simpan SSPN Plus, it is an improved and new look of its existing (SSPN)-i Plus.
PTPTN chief executive Ahmad Dasuki Abdul Majid said the Simpan SSPN Plus offers more options to the depositors through its strategic partnership with three takaful operating companies namely Hong Leong MSIG Takaful Bhd, Great Eastern Takaful Bhd, and Takaful Ikhlas Family Bhd.
"Simpan SSPN Plus is a competitive and unique product that combines savings for education with the benefits of takaful protection, which is indeed the best among other education savings plans that are available on the market
MNRB’S TOPLINE IMPROVED BY 25% 1 Sep 2021 Kuala Lumpur, 1 September 2021 – MNRB Holdings Berhad (MNRB) has announced its financial results for the first quarter ended 30 June 2021 (Q1 FY2022). Despite the challenges imposed by the ongoing resurgence of COVID-19 cases and the reinstatement of Movement Control Order (MCO), the Group delivered a 34.9% increase in its Gross Written Premiums and Takaful Contributions to RM675.4 million as compared to RM500.8 million recorded in the same period last year. MNRB’s Group Net Profit however, declined slightly by 8.3% to RM46.6 million from RM50.8 million recorded in the corresponding quarter last year.
Commenting on the performance of MNRB Group for the period under review, Zaharudin Daud, President & Group Chief Executive Officer of MNRB said, “The impact arising from the COVID-19 pandemic including the emergence of the new Variants of Concern (VOC) will continue to cause challenges to our operating landscape. Despite this, our operating subsidiaries continued to persevere and focused on operational resiliency and as a result, contributed to the growth in our Gross Premiums and Takaful Contributions”.
Malaysian Re continues its overseas expansion
Malaysian Reinsurance Berhad (Malaysian Re), the Group’s reinsurance subsidiary, registered a 30.1% increase in Gross Premiums to RM421.0 million as compared to RM323.7 million registered in the same period last year. This was primarily driven by growth from the overseas business segment. Its Net Profit registered lower by 32.4% to RM23.8 million against RM35.2 million in Q1 FY2021, mainly due to lower net investment income attributed to the weakened equity market.
Zaharudin further added, “Malaysian Re continued to demonstrate solid growth trajectory by recording its highest first quarter premium of RM421.0 million. As we advance further in FY2022, we shall capitalise on opportunities to grow our business in the overseas markets as their businesses re-open after positive progress in containing the pandemic”.
Higher Gross Contributions for Takaful IKHLAS General
The Group’s general takaful arm, Takaful Ikhlas General Berhad (Takaful IKHLAS General)’s Gross Contributions grew 23.0% to RM94.0 million in Q1 FY2022 from RM76.4 million in Q1 FY2021, mainly contributed by growth in the Agency and Bancatakaful channels. Its Net Profit however, declined by 18.3% to RM5.8 million from RM7.1 million recorded in the same period last year mainly due to lower net investment income and higher acquisition expenses.
Takaful IKHLAS Family charting growth in Q1 FY2022
Q1 FY2022 saw the Group’s family takaful business recorded substantial improvements in its performance. Takaful Ikhlas Family Berhad (Takaful IKHLAS Family)’s Gross Contributions increased by 58.6% to RM161.9 million from RM102.1 million recorded in Q1 FY2021, which was largely contributed by recovery in the credit-related business from its Bancatakaful channel. New Business for Takaful IKHLAS Family, as measured by Annual Contribution Equivalent, rose by 97.8% to RM18.4 million from RM9.3 million in Q1 FY2021. Its Net Profit grew substantially by 411.5% to RM13.3 million from RM2.6 million in Q1 FY2021 which came on the back of higher wakalah fee due to growth in Gross Contributions.
“Our takaful businesses remained resilient and carried out relentless efforts including launches and campaigns of new products, such as our new Cancer Rider. At the same time, we also observed a higher participation in our products as we see that Malaysians are more aware of the importance of getting takaful protection amidst the current uncertain environment,” said Zaharudin.
Outlook for FY2022
Commenting on the outlook for MNRB Group, Zaharudin said, “The Group is cognizant of the risk from the Delta variant which may potentially hinder the economic recovery globally. Nevertheless, we remain hopeful with the National Recovery Plan adopted by the Government as well as the speed of our country’s vaccination rate in driving the country’s economic recovery. In view of this development, MNRB Group continues to strengthen our businesses and prepare for the expected economic recovery to ensure we emerge stronger collectively in FY2022 while continuing to carefully mitigate the setbacks from the ongoing COVID-19 pandemic”.
MNRB has recently announced the payment of a final single-tier dividend of 4.0 sen per share for its financial year ended 31 March 2021, amounting to approximately RM31.3 million, which is subject to shareholders approval at the forthcoming Annual General Meeting.