Posted by Blink22 > 2016-11-21 09:31 | Report Abuse

buy

Posted by Jay > 2016-11-21 09:56 | Report Abuse

johotin is very similar to canone. both in the packaging biz then diversified into condensed milk biz. canone price has remained relatively flat while johotin has surged. so is canone undervalued or johotin overvalued? I'm not sure but time will tell

Posted by popo92 > 2016-11-21 11:02 | Report Abuse

I think one should take consideration for canone over johotin is canone is only a oem. This take off some unnecessary risks isn't?

Posted by YiStock > 2016-11-21 11:55 | Report Abuse

1) If canone source sugar locally, sugar price increased only in 1st August if not mistaken. There should be enough old sugar stock. If the replenishment is done recently, there should bemixture of old + new stock and therefore there should be no cost spike.

If canone hold import permit, the sugar price hike is not a new issue and could have already absorb and pass through.
21/11/2016 11:54

Posted by YiStock > 2016-11-21 11:58 | Report Abuse

latest Q3 quarter contribution from kian joo should be around 16 mil, this is already about 60% of canone Q2 earning. Therefore, Canone should be able to exceed, or at least maintain it Q2's performance. Let wait and see.

Posted by YiStock > 2016-11-22 09:22 | Report Abuse

From latest MSM quarter result, there seem to be no sign of sugar price increase as press mentioned.

Posted by VitaminM > 2016-11-22 21:03 | Report Abuse

Expecting a good coming QR. But with KYY as one of the major shareholder, maybe this is the setback for the share price to surge.

Posted by Icon8888 > 2016-11-22 21:06 | Report Abuse

YiStock if canone makes 100 mil, I will send you some abalones

Posted by Icon8888 > 2016-11-22 21:06 | Report Abuse

To thank you for your golden mouth he he

Posted by YiStock > 2016-11-22 22:03 | Report Abuse

Icon, 3头鲍。。i treat you

Posted by popo92 > 2016-11-23 07:28 | Report Abuse

After johotin and msm results, I am more convince canone could possiblility post a > 30million.

Posted by Jay > 2016-11-23 09:35 | Report Abuse

johotin is a very close proxy

Posted by tftey > 2016-11-23 10:41 | Report Abuse

100 mil profit is highly possible looking at current trend.

Posted by cephasyu > 2016-11-23 12:14 | Report Abuse

I highly doubt 100m PAT is possible.

Nevertheless, I agree with YiStock, that the worst case scenario is matching Q2 and there is a good probability that it will outperform that.

Kianjoo is contributing record profit which will flow to Canone.

Posted by Jay > 2016-11-23 17:02 | Report Abuse

johotin food division PBT and margin did decrease this quarter compared to last q cushioned by some forex gain. but kian joo will contribute additional RM3.5m this quarter so it may be enough to offset any decrease

Posted by Flintstones > 2016-11-23 18:20 | Report Abuse

Hows the profit? Summoning @YiStock

Posted by Icon8888 > 2016-11-23 18:23 | Report Abuse

Profit very good , very good

I am all smile

Posted by Jay > 2016-11-23 18:24 | Report Abuse

decent, but not great

Posted by Jon Choivo > 2016-11-23 18:24 | Report Abuse

Lol, good luck tmr guys =P

Posted by Jon Choivo > 2016-11-23 18:25 | Report Abuse

Its decent but not rally 12% in one week great kind of results.

Posted by bee881 > 2016-11-23 18:29 | Report Abuse

Icon8888, why u said profit very good? Thanks

Posted by Jon Choivo > 2016-11-23 18:33 | Report Abuse

I think he's being sarcastic.

Posted by fattycat > 2016-11-23 18:34 | Report Abuse

Eps 12.30 sen

Posted by PlsGiveBonus > 2016-11-23 18:37 | Report Abuse

Holland...

Posted by Jon Choivo > 2016-11-23 18:39 | Report Abuse

Waiting for someone who bought at 3.6 to say that this is to hold long term one. Ahahaha

Posted by PlsGiveBonus > 2016-11-23 18:43 | Report Abuse

Too many guy buy with margin loan and one full lorry before quarterly result is announced
:)

Posted by PlsGiveBonus > 2016-11-23 18:53 | Report Abuse

General Cans division
Revenue of General Cans division decreased from RM96.8 million in Q2, 2016 to RM94.2 million in Q3, 2016 mainly due to lower demand in jerry cans. Profit before taxation decreased by RM0.7 million compared to the last quarter attributable mainly to lower sales and higher operating expenses.
Food Products division
Revenue of Food Products division decreased by RM27.1 million to RM143.1 million in Q3, 2016 when compared to Q2, 2016 mainly due to lower production. Profit before taxation was lower at RM12.2 million as compared to RM20.6 million for Q2, 2016. The decline in profit before taxation was mainly due to lower sales and higher material consumption.
International Trading division
International Trading division's revenue decreased by RM2.2 million to RM13.2 million for Q3, 2016 when compared with Q2, 2016.

Posted by YiStock > 2016-11-23 18:57 | Report Abuse

Bro, give me sometimes, i still looking at johotin.

There are a few powderful forummer start cursing after canone result, don't know why they curse... for that i hope to get more point from them..


Posted by Flintstones > Nov 23, 2016 06:20 PM | Report Abuse

Hows the profit? Summoning @YiStock

Posted by popo92 > 2016-11-23 18:59 | Report Abuse

good results, no problem

Posted by lkoky > 2016-11-23 19:01 | Report Abuse

disappointing results...
profit was lift by 2+ million forex gain... without this, the earning/eps will be lower by 10%.

Posted by pharker > 2016-11-23 19:07 | Report Abuse

To abalone lovers :

hairless one liner abalone is better than 3 headed abalone

无毛一线鲍

Posted by ming > 2016-11-23 19:14 | Report Abuse

Still got abalone now? =(

Posted by Icon8888 > 2016-11-23 19:21 | Report Abuse

Results not good meh ? I scratching my head...

Btw, it is true there were RM2.4 mil forex gain, but there are also 0.55 mil impairment loss and 0.55 mil derivative loss

As such, effect off exceptional items are 1.3 mil only

So core earning is still very strong

Posted by PlsGiveBonus > 2016-11-23 19:27 | Report Abuse

Always sell before the quarterly result
:)
Do not trust any hype

Posted by CharlesT > 2016-11-23 19:29 | Report Abuse

I must say johotin's boss pandai goreng...manipulating q results

Posted by Up_down > 2016-11-23 19:40 | Report Abuse

Johortin got a lot of cheap cheap Inventory kept in previous months especially Milk powder and sugar.

Inventory level
Johortin - 80 million ( Turnover RM 116 million )
CanOne - 111 million ( Turnover RM 214 million )

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

CanOne is one of kyy's top pick started early 2016. By looking at the past earnings records heading south for the last 2 consecutive quarters, is it kyy golden rules still applicable in this case? Or this is an exceptional case due to
1. potential of CanOne dispose of its F & B to KWAP at premium price.
2. current earnings just a temporary setback as a result of higher raw material costs
3. potential export play as RM keeps depreciating against USD
4. potential higher contribution from the associate, KianJoo

EPS
30 Sep 16 - 12.3 cents
30 Jun 16 - 14.05 cents
31 Mar 16 - 5.7 cents
31 DEc 15 - 7.25 cents
30 Sep 15 - 14.28 cents
30 Jun 15 - 14.77 cents

Posted by firehawk > 2016-11-23 23:16 | Report Abuse

only mr. tey can smile .....

Posted by Blink22 > 2016-11-24 03:24 | Report Abuse

With 12 sen earnings last quarter, I wouldn't be worried.....Kian Joo earnings have recovered a long way in the last few quarters........and the milk is exported to many countries......can look forward to even better days ahead.

Posted by Jay > 2016-11-24 06:48 | Report Abuse

don't get all the pessimism, let's just put figures to get a clearer picture

Can-One v Johotin
Trailing 4Q profit: RM75.5m vs RM28m
Annualised last q: RM94.6 vs RM43.1m
Market cap: RM718m vs RM313m

One quarter sometimes have a lot of noise, so let's say we use 4Q.

we know KJ was hit by forex, last 4q total around RM22.3m, impact on Can-One is around 33% or RM7.4m while Can-One has forex gain of 2m so Can-One adjusted 4Q is RM80.9m. Johotin in the same period was forex gain of RM2.3m so adjusted 4Q is RM25.7m.

so basically the adjusted trailing 4Q PE of Can-One is 8.9 times vs Johotin 12.1 times
Even if we just take last q annualised without adj PE is 7.6 times vs 7.3 times

current share price even after slight increase for the past week doesn't seem overpriced but like I said, it's a decent quarter but not the greatest can-one had.

hope this will put things into context.

Posted by popo92 > 2016-11-24 07:47 | Report Abuse

This year profit highly chance can exceed last year, days are brighter ahead also

Posted by stockmanmy > 2016-11-24 08:47 | Report Abuse

drops 10 sen then continue its up trend......

Posted by stockmanmy > 2016-11-24 09:01 | Report Abuse

considering Canone only made 7 sen in the Q4 2015..............Canone 2016 full should easily surpass full 2015 earnings.

Posted by goreng_kaki > 2016-11-24 09:22 | Report Abuse

Canone???can not one la…

Posted by CharlesT > 2016-11-24 09:26 | Report Abuse

Must go to learn goreng skill from Johotin's Boss

Posted by Up_down > 2016-11-24 09:41 | Report Abuse

Don't be surprised when kyy get out shouting..." 规矩是死的，人是活的. sometimes, you must use common sense"

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

The Q results is rather good. With this result, it is cheap at current price.

Posted by kongxkong > 2016-11-24 11:09 | Report Abuse

Gila wei, nowadays people really hard to please. Everyone throwing despite result good, ok or bad..price cannot fly like that lol

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

before result out cant anticipate also dump first...siao

Posted by Up_down > 2016-11-24 11:53 | Report Abuse

Longkang dah tersangkut....kena flush kuat sikit.