Posted by mcheat > 2019-06-17 17:08 | Report Abuse

I cant really understand the rationale behind low valuation given by MIDF. I mean this company acquire a company with market capitalization of RM1.3 million and sold its condensed milk unit for RM800 million to RM1 billion.

But at RM3.65 a share, this company is only worth RM700 million which is slightly more than half of value of assets acquired and much less than assets that they are selling.

Not to mention Can-One has its own tin can business too.

Strange! Perhaps MIDF knows something we don't.

Posted by mcheat > 2019-06-18 14:23 | Report Abuse

The other research house BCT Asia valued them at RM5.30...also a huge discount over NTA

Posted by hazmanpp > 2019-06-18 14:59 | Report Abuse

mcheat, do u have that BCT ASIA research report?

Posted by mcheat > 2019-06-18 15:55 | Report Abuse

@hazmanpp You can register at BCT Asia website, its free

Posted by fengtzekai > 2019-06-20 15:50 | Report Abuse

What a crap report by MIDF