Posted by pharker > 2015-11-06 11:14 | Report Abuse

Canone ( the company) owns a major stake in KJ, a jewel worth more than 3.30

But the owner controlling holder of Canone is partnering with EPF to buy KJ for 3.30, take private, and how you view this like not stealing

if a company own an asset worth more than 3.30, but it is selling the asset privately to some shareholder of the company for less than 3.30 , is this not like stealing ??

Please enlighten me, tq

Posted by 360Capitalist > 2015-11-06 11:17 | Report Abuse

Mr. Koon like this type of stocks, strong and unbreakable earning growth with low PE..
Not all the people know how to appreciate this type of stock,, That make a big different...

Posted by 360Capitalist > 2015-11-06 11:33 | Report Abuse

Mr. Pharker.. How to proof Can One Owner is partnering with EPF to take private KJ ?
Court already given judgement and denying it.

I don't think KJ can be privatised at RM3.30 since Can One is refraining to vote in the EGM.

In order to mitigate your problem, I have good solution for you :-
Sell your Kian Joo shares and buy Can One shares. By doing so, you will end up indirectly still own Kian Joo shares via Can One and enjoy the dividends.

One Stone hit Two Birds..

Posted by pharker > 2015-11-06 11:48 | Report Abuse

Not a bad idea...anyway I am in both boats, thinking of jumping from KJ to add more on Can1

This counter controlled by many sharks, must be careful

Posted by Stevecheahsw > 2015-11-06 12:31 | Report Abuse

Canone really can fly high high!

Posted by 360Capitalist > 2015-11-06 14:44 | Report Abuse

I think Mr. Pharker is big investor.. He cleared all the sellers below RM3.60...

Posted by pharker > 2015-11-06 15:21 | Report Abuse

No lah....small time punter only.

people average down...I average up..hahaha

Posted by 360Capitalist > 2015-11-06 15:25 | Report Abuse

You won't regret,,, Next week you will be very happy and add more shares

Posted by GODinvest > 2015-11-06 16:36 | Report Abuse

400 coming

Posted by sayyouloveme > 2015-11-06 17:05 | Report Abuse

sayyouloveme!

Posted by ConnieChoo2015 > 2015-11-06 17:21 | Report Abuse

360 thank you.
I really wanted to learn from you how to "dig" these very useful information. To be my guru please!

Posted by ConnieChoo2015 > 2015-11-06 17:22 | Report Abuse

I do not have chance to buy as it shut up so fast today.

Posted by ywong888 > 2015-11-06 17:26 | Report Abuse

still can joint the ride??

Posted by 77huat77 > 2015-11-06 18:35 | Report Abuse

Let's ride tP at least 6

Posted by 360Capitalist > 2015-11-08 18:29 | Report Abuse

Can One easily worth RM1.28 Billion based on following :-
A) Kian Joo 32.9% shares worth minimum RM 480mil to RM 547mil
B) Can One 100% owned subsidiary in Fast Moving Consumer Goods alone worth RM 600mil
C) Aluminium Can and Packaging : RM100 Mil
So, the fair valuation is RM6.60..

KJ Privatisation Deal :
Kian Joo RM3.30 deal will hit snag. To recap, Toyota Tsusho on Nov 2013 offer to buy-out Kian Joo at RM3.75 or USD 1.16 per share. At today USD 1.16 is actually worth RM5.60, So, we hope the price tag for KJ should move above RM3.75 level soon if the buyer is really serious to get the deal done.

Posted by klee > 2015-11-08 18:46 | Report Abuse

Good.

Posted by master_tan > 2015-11-08 19:52 | Report Abuse

Shareholder disposing Canone share ??

Posted by Stevecheahsw > 2015-11-08 23:10 | Report Abuse

Is normal, I am waiting qtr results out on 2x Nov

Posted by mukah > 2015-11-09 08:50 | Report Abuse

cariyoyo suggested coastal. let's see if it moves.

Posted by 77huat77 > 2015-11-09 15:40 | Report Abuse

Shit uptrend reversal

Posted by firehawk > 2015-11-09 15:55 | Report Abuse

new related rising ctr ----- Kiann Joo subsidiary ----> BOXPAK !!

Posted by GODinvest > 2015-11-09 23:11 | Report Abuse

Yamateh

Posted by GODinvest > 2015-11-09 23:12 | Report Abuse

Turtle move

Posted by 360capitalist > 2015-11-11 14:37 | Report Abuse

I suggest aggressive accumulation on Can One as obviously BIG INVESTOR is on strong buying spree. Possibility of corporate exercise like bonus issue or free warrant in opting...

Posted by firehawk > 2015-11-11 15:19 | Report Abuse

sold Canone last week and bot Boxpak, fortunately Boxpak also not bad .....

Posted by 360capitalist > 2015-11-11 16:12 | Report Abuse

CanOne will go up straight.. fasten seatbelt to see it go to RM6.00 within 3 months,,,

Posted by GODinvest > 2015-11-11 16:12 | Report Abuse

When break 3.80 the price sure will new high . Maybe price will go to 5 or 6 if result coming qut is good . Jump jump jump wakakakaka

Posted by erkongseng > 2015-11-11 18:09 | Report Abuse

我最新估计是eps=rm0.50 ,pe=12 ,stock price=rm6.00 ,传官老己靜靜買入与红股计昼中.

Posted by cariyoyo > 2015-11-11 18:19 | Report Abuse

Dear All,

As mentioned earlier several "big guns" are mopping up Can-one shares. These investors are still buying at the time of this report as foreign buyers are involved as well. My target price remains at RM5 within 6 months.

Posted by kltan > 2015-11-11 19:24 | Report Abuse

Low milk price and weak ringgit will benefit Canone. Expect good q3 results! Is there any news on Kianjoo disposal?

Posted by 360capitalist > 2015-11-11 23:24 | Report Abuse

Can One Berhad : Why you should invest for long term ? Target Price RM 6.40 to RM8.00

As most FMCG companies like F&N reporting strong growth in condensed milk division, we are also predicting Can One will report strong quarterly result this month with EPS around 16 cts to 20 cts or annualise at 64 cts to 80 cts. At P/E multiple of 10 times, Can One share price is worth RM6.40 to RM8.00. With possibility of bonus issue/ free warrant exercise, strong earning growth, Kian Joo revise upwardof take-over price PLUS interest of international fund managers into acquiring a strategic block of share, we shall see CanOne htting RM6.00 very soon.

Net Cash Company In Future :-
1) If company decide to sell Kian Joo, the company will be end up with RM260million cash after settling all bank loans.
2) If the company decide not to sell-off Kian Joo controlling stakes, the company may also looking into private placement of company shares to foreign investor to pair down its loans, a 10% private shares placement (19.2million shares) at RM5.00 to 5.50 per share, the company can easily raise RM100 million to reduce its total borrowing (RM200 Million) by half and within 2 years the company can be a net cash company, The conversion of warrant (if Issue) will provide additional funding for future capex requirements or source of funds to pair down company loans.

Taking a longer term view or 2 to 3 years, Can One will be a Cash Cow with solid industry leader like Kian Joo Berhad and Box Pak Berhad under its umbrella. As I said earlier, my suggestion to hold Can One shares compared to Kian Joo is yielding positive results.

Posted by Stevecheahsw > 2015-11-11 23:36 | Report Abuse

Tq 360capitalist analyst .

Posted by sunztzhe > 2015-11-12 10:05 | Report Abuse

OK..I wait for TP higher than 5

Posted by ywong888 > 2015-11-12 15:20 | Report Abuse

up up hooray!!! Finally, we as a small investor reward from this good counter.

Posted by erkongseng > 2015-11-12 15:56 | Report Abuse

360capitalist 兄,谢谢你无私之分析.

Posted by GODinvest > 2015-11-13 00:18 | Report Abuse

Wakaka

Posted by erkongseng > 2015-11-13 04:06 | Report Abuse

19天呈上升走势,后面必有利好,进与守为良策,rm6.00在等着上演.

Posted by pharker > 2015-11-13 10:41 | Report Abuse

thanks to 360capitalist n cariyoyo for good analysis and support for this counter

Posted by Bok Tan > 2015-11-13 11:20 | Report Abuse

yes TQ..Huat arrrr

Posted by Bok Tan > 2015-11-13 11:21 | Report Abuse

he2 paiseh..huat small small actually, only got v small amount compared to som of u guys out there

Posted by erkongseng > 2015-11-13 16:44 | Report Abuse

2015年11月13日星期五
5105 canone冠旺的利好--

a)奶制品原料下跌近50%.
b)铝材料价格也下滑,(有32.9%于kianjoo股份).
c)开扩更多的海外市场.
d)年底美国升息,美元上升.
e)11月底Q3业绩向好,累积净利三季己达6千多万,全年可破8千5百万.
F)企业消息如发红股,WARRANT或股票拆细以回報股东,加强股票流通量.
G)官司和平解决,CANONE为大胜家.
这些因素都是使CANONE继续向北,引起人们的购兴,目前仍以单位数的本益比交易.
2015全年估计eps=rm0.50 ,pe=12 ,stock price=rm6.00
19天呈上升走势,后面必有利好,进与守为良策,rm6.00在等着上演.
供参考,进出自负.

Posted by 8wpwtmt8 > 2015-11-13 16:59 | Report Abuse

http://www.klse.my/stock/result/qr/quarter/5105.jsp

Posted by jasonor > 2015-11-13 17:50 | Report Abuse

any relation between canone and johotin beside in same industry?

Posted by 77huat77 > 2015-11-13 20:28 | Report Abuse

Erkongseng make me feel confident about this stock thank and appreciate your info !!!

Posted by Pol Boon Tat > 2015-11-13 22:42 | Report Abuse

Well said erkongseng!

Posted by greatful > 2015-11-13 22:53 | Report Abuse

nothing can up so long, beware.

Posted by Ivan Lim > 2015-11-14 00:05 | Report Abuse

canone is very undervalue company ....i like it...

Posted by DreamCapturer > 2015-11-14 00:20 | Report Abuse

dis one can one or cannot one ... ki ki ki

Posted by Bok Tan > 2015-11-14 09:59 | Report Abuse

undervalued

Posted by erkongseng > 2015-11-14 17:14 | Report Abuse

建裕股權‧豐田通商虎視眈眈
Published at 2015-11-14 16:17:00 by 星洲财经

（吉隆坡14日訊）知情人士透露，豐田集團貿易臂膀，豐田通商（Toyota Tsusho）仍有意收購建裕珍廠（KIANJOO,3522,主板工業產品組）的控股股權，並已諮詢國際金融顧問公司。該金融顧問已聯繫建裕珍廠的控股股東——冠旺（CANONE,5105,主板工業產品組）。

冠旺是擁有32.9%股權的單一大股東，而冠旺的大股東為其非執行董事楊仁和，他也是建裕珍廠的董事經理。

建裕珍廠不置評
大股東未回复

在聯繫時，建裕珍廠不願為此事置評，楊仁和也未回复。

回溯當時，豐田通商是在去年3月向建裕珍廠發非約束性投資意向書，表示有意以每股3令吉74仙收購建裕珍廠51%股權，高於Aspire Insight私人有限公司（AISB）的3令吉30仙。

在2013年11月，AISB也曾欲以14億7千萬收購建裕珍廠的資產及債務。

AISB是僱員公積金局（EPF）及首席營運員兼執行董事徐啟良共同成立的一家特別通途公司。

或與AISB競購

若豐田通商正式向建裕珍廠出價，或許就會跟AISB掀開競購戰。

若競購戰開打，豐田通商會因馬幣走跌而得到更高的金融實力。

當馬幣兌美元在3令吉60仙時，豐田通商出價為8億3千令吉，大約2億3千萬美元。若2億3千萬美元是豐田通商收購預算，以目前馬幣兌美元4令吉20仙而言，豐田通商可把收購價格提高至每股4令吉。

以營運能力而來，建裕珍廠比去年更有吸引力。

建裕珍廠在前3季裡，無論在營業額及淨利上都不斷成長。截至6月30日，半年營業額成長至7億3千770萬令吉，淨利也成長6千350萬令吉。

同時，建裕珍廠債務也下跌至1億5千110萬令吉，保留盈利則增加17%至10億8千萬令吉。

擁有建裕珍廠控股股權的另一個知情人士表示，收購建裕珍廠可讓豐田通商在東盟擴充消費者產品業務，也可為該公司的原料業務提供固定及穩定的客源。對豐田通商而言，這是垂直整合。

設立于名古屋及東京的豐田通商，主要供應鐵、鋁、鐵板等跌制產品。建裕珍廠。本地的鋁罐包裝領頭羊每年需要5萬5千至6萬噸的錫片和3萬5千噸鋁片。

若豐田通商提高收購價，AISB也可能會提高價格。

冠旺是大贏家

到最後，冠旺將會是這次競購戰的大贏家，這可為該公司在建裕珍廠的投資釋放更多價值。

而且，值得注意的是，建裕珍廠並非讓大股東急欲脫手的陷困公司，相反的，該公司非常穩健，過兩年的財務表現更是耀眼，累積持有龐大現金與盈利。

金屬罐包裝具成長動力

追求強勁盈利增長者可能對金屬罐包裝領域興趣缺缺，但相信與否，一些銷售活躍的金屬罐製造商，卻面對產能不足問題。

建裕珍廠（KIANJOO,3522,主板工業產品組）因柔佛珍（JOHOTIN,7167,主板工業產品組）無法應對顧客過高的需求及優先考慮乳製品包裝，而由後者手中贏得一些顧客。

這或許是市場開始對建裕珍廠、冠旺（CANONE,5105,主板工業產品組）及柔佛珍購興增加的原因，導致這3家金屬罐包裝公司股價走高10至94%。



根據theedgemarkets.com，冠旺及柔佛珍出現企業活動的可能性很高。

行業專家相信，近期有關公司股價走揚，主要是由基本面強穩、乳製品需求強勁、生產成本低及匯率利多帶動。

“業者具原料價格下滑優勢，目前鋁價處於低水平紀錄，鐵價疲弱及馬幣走疲也為涉及出口業務的公司加分。＂倫敦金屬交易所3個月期貨顯示，鋁價跌26%至每噸1千518美元；馬口鐵售價則每噸介於800至900美元；馬幣兌美元則在一年內下跌30%，令出口業務受惠，也讓製造商進口成本增加。

明年或漲價7至8%

考量潛在匯率風險、能源價格及過路費調漲，金屬罐業者正在醞釀明年調漲價格7至8%，以轉嫁成本給顧客。

業者認為，長期而言，金屬罐領域屬夕陽工業，促使冠旺及柔佛珍多元化至食品及乳製品領域，以降低對傳統金屬罐製造業的依賴。

不過，部分人士並不認同金屬罐包裝業務是夕陽工業，因大部分業者依然為訂單忙碌及拓展產能。（星洲日報／財經‧The Edge專版）