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5 comment(s). Last comment by fengtzekai 2019-06-20 15:50
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
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mcheat
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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.