Posted by YiStock > 2016-11-23 20:59 | Report Abuse

If you cannot read the table, please click right click and choose view in new tab

Posted by probability > 2016-11-23 21:46 | Report Abuse

YiStock ...ada gaya..

Posted by PlsGiveBonus > 2016-11-23 21:49 | Report Abuse

TP 3.00 like the last time before kyy promote it.
:)

Posted by PlsGiveBonus > 2016-11-23 21:50 | Report Abuse

Next quarter is weak quarter
Make sure to exit as fast as you can
:)

Posted by YiStock > 2016-11-23 22:20 | Report Abuse

PlsGiveBonus is well nurtured with optimus-ism. Not easy. Welldone.

Posted by YiStock > 2016-11-23 22:24 | Report Abuse

Bro probability, you ada isi..cheers

Posted by andyhard > 2016-11-23 22:39 | Report Abuse

May I ask where do you obtain the property rental income of 13mil? I cant find it in the quarter report

Posted by popo92 > 2016-11-23 22:49 | Report Abuse

andyhard, property income is recorded "others" in segment information.

Posted by andyhard > 2016-11-23 22:55 | Report Abuse

hello popo92, others is actually contribution from KianJoo, you check the share of resuts of associate is matching the YTD in the income statement

Posted by YiStock > 2016-11-23 22:59 | Report Abuse

Andy hard is correct, others include "property and investment holding"

Posted by andyhard > 2016-11-23 23:13 | Report Abuse

Ya..i think my eyes are blur at this moment..let me finish this and go zzz

I think others include associate result, and other investment holding as well...

this is why we have section like segment result which is negative and we have interest income

But, I wonder what have they financing and get high interest expense for this "others" section?? This interest expense of 10mil span for 3 quarters is about 3 mil per quarter..it is very high.

Regarding property rental income, I check cashflow, I din see any as well....Where do that figure comes from?

Posted by YiStock > 2016-11-23 23:18 | Report Abuse

Andy hard, a big chunk of it is loan took to purchase 32.9% kian joo shares years ago. Any differential sum between kjcan contribution (ex special item) vs "property" column i categorised as rental income.

Posted by YiStock > 2016-11-23 23:27 | Report Abuse

The core earning is derived directly from PAT + column R & S. So it will not change even the segmwnt figures are in error.

Posted by newbie92 > 2016-11-23 23:41 | Report Abuse

Hi yi stock, mind to share your FV? Thx

Posted by YiStock > 2016-11-23 23:47 | Report Abuse

I'm the PE 10 group member to keep myself safe. With current RM rate going, i anticipate core earning should be able to sustain as a whole. Q4 15 and Q1 16 was hit by forex. And Q4 16 so far more or less kian joo part is safe. 4.28 will be my forward fv based on core earning

Posted by probability > 2016-11-23 23:48 | Report Abuse

Yistock...please let us know your opinion on Johor Tin too...where do you see its forward FV

Posted by probability > 2016-11-23 23:54 | Report Abuse

and how does strengthening dollar affects them in the short term

Posted by YiStock > 2016-11-23 23:59 | Report Abuse

I love johotin and spend lot of time tracking it. I still not open any position, no idea of any 心水目标价。 Perhaps i need to be more brave. Partly because my analytical skill is still very poor. Need to work hard on this.

Ultimately, 25% FA, 25% TA, 50% banker..we are in bursa..no choice.

Any TP or FV up to individual.

Posted by YiStock > 2016-11-24 00:05 | Report Abuse

Canone seems to have better natural hedge over johotin. Can biz is park under kianjoo basically. Dairy biz (if got import permit for raw mat), will have natural hedge when export finished products.

Still, from q to q and year to year, not sure how is the dollar net exposure in changes. If keep too much dollar, scare ringgit turn around. If keep RM, afraid later become wall paper.

Posted by probability > 2016-11-24 00:06 | Report Abuse

puma is brave...;)

Posted by YiStock > 2016-11-24 00:08 | Report Abuse

..only when the pray really worth a chase..agree? :-)

Posted by probability > 2016-11-24 00:08 | Report Abuse

Ok thanks Yistock....

Posted by probability > 2016-11-24 00:10 | Report Abuse

true...and when it gets very hungry!

Posted by YiStock > Nov 24, 2016 12:08 AM | Report Abuse

..only when the pray really worth a chase..agree? :-)

Posted by andyhard > 2016-11-24 12:06 | Report Abuse

My summary for Q3.

1) The Q3 gross margin has dropped by 2 %. Diary margin (8.5% PBT) dropped by about 3-4% compared to Q1 and Q2 which is 12-13%. Tin manufacturing not much changes
2) SUgar and milk powder price is on uptrend
3) USD loan increase due to trade loan. However, loan in RM has dropped significantly by 20 mil to 379mil.
4) Interest expense remain high of 5mil. Majority of the interest expense (10mil in 3 quarters are paid for investment for a stake in KianJoo)
5) Depreciation remained high of 5.8mil perquarter
6) Outlook remained. But, monitor on milk powder on sugar price as government would like to increase the sugar ceiling price by 30%


Just to share a bit on my investment experience. I never expect the chart would continuously shoot up. I do expect a very good quarter report even better than 2Q. the result is not bad but not so excellent compared to 2Q. My take is this chart would consolidate for a while, but moving north is the way it is going.

Posted by paperplane2016 > 2016-11-24 13:56 | Report Abuse

一线鲍， hahahaaaaaaaaaaa

Posted by tftey > 2016-11-24 14:56 | Report Abuse

YiStock, Thank you very much for the analysis. One suggestion on your chart. Too small and difficult to read. Harry's way is better whereby the chart can be open up and expanded.

Posted by fengtzekai > 2016-11-24 15:37 | Report Abuse

YiStock, there is no property division in Can-One. The "other division" in the segment report includes the contributions by KJ Can already.

Posted by YiStock > 2016-11-24 15:39 | Report Abuse

Yes