CAN-ONE BHD

KLSE (MYR): CANONE (5105)

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Last Price

2.74

Today's Change

-0.05 (1.79%)

Day's Change

2.74 - 2.85

Trading Volume

3,200


9 people like this.

2,363 comment(s). Last comment by Dehcomic01 1 month ago

timetokoon

305 posts

Posted by timetokoon > 2016-05-07 13:48 | Report Abuse

I got koon by Ah Koon. He quietly bought 2.15 and only promote 4.30. Very snaky koon koon

Posted by kiasuinvestor > 2016-05-07 14:16 | Report Abuse

"It will be interesting to see how Koon makes disclosures for Can-One and Lii Hen when he decides to reduce his interest in both companies."

canone and lii hen good luck

Posted by projecti2016 > 2016-05-08 10:21 | Report Abuse

dont get used by him.

Posted by leslieroycarter > 2016-05-10 11:36 | Report Abuse

in v bad shape ....

48kiasu

12 posts

Posted by 48kiasu > 2016-05-11 00:21 | Report Abuse

canone is undervalued. dairy product industry is growing, f&b nutrition will bring you to north pole

calvintaneng

56,156 posts

Posted by calvintaneng > 2016-05-11 00:37 |

Post removed.Why?

moneycashrich

2,101 posts

Posted by moneycashrich > 2016-05-11 07:52 | Report Abuse

I buy it from RM2.00 to RM3.00 and sold out after it break through RM4.00. Everybody have their own agenda. Treat it as business and we will make profit. If it falls, I buy. Up I will sell. No love involved. Happy trading or investing.

tan lucy

153 posts

Posted by tan lucy > 2016-05-11 16:58 | Report Abuse

quickly catch the falling knife

Posted by littlelolita > 2016-05-12 18:15 | Report Abuse

can"玩" or can“完”

Mgician

716 posts

Posted by Mgician > 2016-05-12 18:36 | Report Abuse

wait for QR

Posted by kiasuinvestor > 2016-05-13 11:01 | Report Abuse

this time is can完

Mgician

716 posts

Posted by Mgician > 2016-05-13 12:31 | Report Abuse

whole market down ...

calvintaneng

56,156 posts

Posted by calvintaneng > 2016-05-16 12:10 |

Post removed.Why?

princehero

556 posts

Posted by princehero > 2016-05-18 22:28 | Report Abuse

hopefully f n b nutrition can spring some surprises to make bec kj reduced profit..

soros228

2,035 posts

Posted by soros228 > 2016-05-18 22:35 | Report Abuse

KUALA LUMPUR (May 18): Kian Joo Can Factory Bhd saw its net profit for the first quarter ended March 31, 2016 (1QFY16) drop 58.1% to RM11.87 million from RM28.3 million a year ago due to foreign exchange losses and higher operating costs.

PDTs

61 posts

Posted by PDTs > 2016-05-18 22:47 | Report Abuse

run before it is too late

fengtzekai

125 posts

Posted by fengtzekai > 2016-05-19 12:30 | Report Abuse

Kian Joo Q1
Revenue up 24%. Gross profit up 29%. Good sign.
Profit down 53%. Bad sign.
Main reason - foreign currency loss 25.2 million of which 22.3 million unrealised. Take unrealised loss out of equation - profit up should be 34.8 million, up 18%.
Why forex loss - USD reserved for capital expenditure and Myanmar investment. Make sense? Judge by yourself. :(

moneycashrich

2,101 posts

Posted by moneycashrich > 2016-05-20 17:06 | Report Abuse

it is more of a sleeping stock after the powerful run which many should make tons of profit already. Should be enjoying holidays and nice dinners now.

ah_boon

249 posts

Posted by ah_boon > 2016-05-23 13:44 | Report Abuse

Another share that people should watch out is Canone. If you noticed, it's dropping during the last few days and broke the RM4.00 level. Financial result announcement anytime soon. It may not be good as seen from lower than expected Kian Joo contribution. The F&B nutrition is overpriced as mentioned in this week Focus Malaysia.

Posted by treasure_hunter > 2016-05-23 14:02 | Report Abuse

can share link for canone news in focus malaysia?

moneycashrich

2,101 posts

Posted by moneycashrich > 2016-05-23 16:55 | Report Abuse

I notice the every afternoon session before closing is a 400 or 500 lots to support at higher price to make it close at a nice high price. However, today no closing support is seen. why ? Bad result ? unseen hand at work ? I am very interested.

PDTs

61 posts

Posted by PDTs > 2016-05-23 23:22 | Report Abuse

another warning run before u can

Posted by MangoLassi > 2016-05-23 23:28 | Report Abuse

moneycashrich, sharp eyes you have there. I think its some kind of share buyback by canone, they do it quite frequently (~3 days in a week), but unfortunately not today. I don't see this as a signal of bad results coming.. or maybe it is?

fengtzekai

125 posts

Posted by fengtzekai > 2016-05-24 10:39 | Report Abuse

Funny thing is the price tag of F&B is not given by Can1, but by the buyer. It is funny because Can1 should be the one who is eager to announce rather than potential buyer. So to say that F&B is overpriced when buyer is the one announcing it, I just cant comprehend.

By the way, F&B counters are priced at that kind of PE.

fengtzekai

125 posts

Posted by fengtzekai > 2016-05-24 10:40 | Report Abuse

If Can1 did a share buyback, it has to make announcement according to the listing requirement. There is no announcement to that effect.

fengtzekai

125 posts

Posted by fengtzekai > 2016-05-24 10:40 | Report Abuse

i would tend to agree more with moneycashrich comment on the push at closing

calvintaneng

56,156 posts

Posted by calvintaneng > 2016-05-24 11:22 | Report Abuse

CANONE

Can as in canning

One as in one sotong after another sotong

So Canone equals to

Canning sotong and water fish one by one?

Mat Cendana

2,335 posts

Posted by Mat Cendana > 2016-05-24 12:07 | Report Abuse

@ah_boon is right again. Was thinking about buying Canone again after selling last month. But his comment yesterday made me hesitant. Fortunately, as it turns out. The slide today is likely due to some people already knowing the quarter results. Should wait and see the figures and others' analysis first before jumping in.

Have to admit the price now is looking ever more attractive. I'm looking at whether the support holds. It tends to recover in the afternoon, but it doesn't, there will likely be more bleeding ahead. Can't be too hasty in this kind of gloomy market conditions.

michaelwong

3,072 posts

Posted by michaelwong > 2016-05-24 19:17 | Report Abuse

Last minute fake push to support the price by big timer punters !

ah_boon

249 posts

Posted by ah_boon > 2016-05-25 18:49 | Report Abuse

As expected profit not so good. Maybe it's good to fresh my analysis again http://klse.i3investor.com/blogs/marketcheck/97016.jsp

Posted by shareinvestor88 > 2016-05-25 20:03 | Report Abuse

The value is in its stake in KJ and FnB

henry0420

35 posts

Posted by henry0420 > 2016-05-25 21:00 | Report Abuse

Goodbye for Canone tmr

Posted by shareinvestment7 > 2016-05-25 21:09 | Report Abuse

Gap down list : Monday - Focus Lumber, Wed - Latitude tree, Thursday - ??

Posted by shareinvestment7 > 2016-05-25 21:28 | Report Abuse

Food products division (F&B) continued provide promising results, which is a good sign but i cannot understand why general cans division keep deteriorating. They explained it as intense competition. Competition from whom? Kian Joo is belongs to Canone also, right?

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-05-25 21:41 | Report Abuse

Johor Tin and Kian Joo both see great growth in can sales but not Canone.....

It seems they have quietly shifted can manufacturing to Kian Joo.


Why they do that?

Posted by shareinvestment7 > 2016-05-25 22:32 | Report Abuse

Why looking forward for the sale of F&B? Since F&B contributed so much profit to Canone, sale of F&B will decrease revenue and profit of Canone?

firehawk

4,782 posts

Posted by firehawk > 2016-05-26 09:37 | Report Abuse

everyday also drop ... so terrible ....

Posted by shareinvestment7 > 2016-05-26 10:05 | Report Abuse

Today Canone looks stable.. No gap down.

Posted by leslieroycarter > 2016-05-26 18:24 | Report Abuse

Wednesday, 25 May 2016

6:15PM CANONE 1Q net profit 10.953 million (decreased 35.09%)

Too bad , very poor results....may breach RM 3.00?

TomyamGong

4,144 posts

Posted by TomyamGong > 2016-05-26 19:52 | Report Abuse

After the latest amendment out, still tak cantik. Tmr Drop!!

Posted by buddyinvest > 2016-05-26 20:00 | Report Abuse

No problem, will keep amending until the account is cantik

mcheat

60 posts

Posted by mcheat > 2016-05-26 20:56 | Report Abuse

Latest announcement still contain error, if you are an accountant you should be able to spot it.....hehehe. Not serious though.

TomyamGong

4,144 posts

Posted by TomyamGong > 2016-05-26 21:50 | Report Abuse

Haha.. IF tmr drop 10% I will buy 1 lot and try. :D

fengtzekai

125 posts

Posted by fengtzekai > 2016-05-26 23:01 | Report Abuse

No fear if it is good stocks with good fundamentals....

Posted by leslieroycarter > 2016-05-27 11:49 | Report Abuse

non -stop droppings.....when the 1q result out with reduced profit >35% and so it may adjust accordingly with the price ...

goreng_kaki

1,909 posts

Posted by goreng_kaki > 2016-05-27 14:32 | Report Abuse

KOON STOCK FAIL AND FAIL......LATUTUD, FLB, CHINWEL, GESHEN,CANONE.....

AND THREE MONTH AGO GOT STUPID SAY PPL FORGET THE VALUE DURING PANIC......

CANONE? CANNOT ONE!!!!!

SELLLLLLLLLL

henry0420

35 posts

Posted by henry0420 > 2016-05-27 15:20 | Report Abuse

Its "business value" reflect on stock price this few days. This few days make KYY burnt lot money in account, his future post in blog may update in few days (for decreasing his lossing)

moneycashrich

2,101 posts

Posted by moneycashrich > 2016-05-27 15:51 | Report Abuse

Everybody got their own agenda. If already make money from CAN, then good. If u buy high at RM4.00 and higher. U got struck. Sorry that is wrong perhaps ? I know is good stock. so what? Have to go higher back over RM4.00 then make money. A long painful wait perhaps. Why care what people promote. what is important is to make profits, not their nice HIGH target. What is our Target then ?

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