Posted by chkhooju > 2017-12-14 23:21 | Report Abuse

Acquire or be acquired?

Posted by hslee5 > 2017-12-28 15:45 | Report Abuse

sign of REBOUND? volume and price increase since 2.66

Posted by Oon Chin Heng > 2018-01-24 18:59 | Report Abuse

Up lor...good news coming soon

Posted by firehawk > 2018-02-09 10:54 | Report Abuse

so yam gong ... P/E even drop to 6 only!

Posted by mcheat > 2018-03-02 09:10 | Report Abuse

Need more oomph

Posted by Jeffreyteck > 2018-07-10 11:48 | Report Abuse

So quiet here. TP1.80, est both revenue and profit will drop and DY remains low.

Posted by Chewchew > 2018-07-27 14:47 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/07/27/india-milk-powder-exports-to-surge-on-subsidies-dampen-global-prices/

Posted by Edwardong53 > 2018-08-23 17:57 | Report Abuse

The majority SH are holding tightly to avoid its market share price from moving up so that later they will make a mandatory takeover at a very cheap price even though the share is undervalued. Co. only reward very cheap div to retailer SH.

Posted by Oon Chin Heng > 2018-10-12 16:13 | Report Abuse

When market down. Canone follow down. When market up, Canone still down. Good

Posted by shpg22 > 2018-10-16 16:03 | Report Abuse

Edwardong53
Stop hallucinating. Low P/E does not automatically equal to cheap/undervalue. Other criteria like dividend payout, leverage & liquidity will affect the P/E valuation.

Posted by princehero > 2018-11-21 22:13 | Report Abuse

Bought this stock 2 yrs bec after reading kyy articles ... lost a huge amount of money... learn a vy valuable lesson ...

Posted by PotentialGhost > 2018-12-12 11:28 | Report Abuse

Take over?

Posted by sasuke > 2018-12-12 12:29 | Report Abuse

hope good news like bonus share and rights

Posted by firehawk > 2018-12-13 22:13 | Report Abuse

good news? Yeoh will only bring bad luck ....

Posted by watchdog88 > 2018-12-13 22:58 | Report Abuse

CanOne MGO to buy Kian Joo at RM3.10 per share.
Yeoh got reprimanded and fined RM455,000 for exceeding 33% without MGO

Posted by yipgusing > 2018-12-14 09:35 | Report Abuse

hey .. still propose only right the MGO ?

Posted by firehawk > 2018-12-14 10:17 | Report Abuse

not only fine, if SC can jail he up is even better for a healthy market operation .....

Posted by taitaumau > 2018-12-14 14:42 | Report Abuse

My doubts:

(1) Whether the PROPOSED MGO and SSA are merely remedy exercises "COMPELLED" by SC, in order to rectify wrongful acts done by YJH and his PACs ??. If so, can one say that it is never the intention of the company to trigger the take-over code??

(2) Upon completion of the MGO, gearing ratio swells from 0.63 to 2.41 ( Group debts ballooned to 1.9 billion). Isn't it too high ??

(3) whether YJH and PACs are "FREE" to cast "No" votes in the coming EGM ??

If u r a shareholder, say Yes or No ??
.

Posted by firehawk > 2018-12-14 15:15 | Report Abuse

yes, there are many doubts .... one of them is, from my understanding, the acquisition needs the CANONE shareholders approval, will the CANONE shareholders approve it?

but today KJ is already limit up, seems like the proposal of acquisition sure will be approved by CANONE shareholders!

Posted by sleang > 2018-12-16 12:39 | Report Abuse

as i understand it, Mr Yeoh needs to reverse back his stakes to <33% if this proposal is rejected in the EGM...that would be not rational since he bought Mr Tan's stakes earlier... from here this would mean that he will work this out to get this approved..

Posted by newbie4444 > 2018-12-17 04:19 | Report Abuse

So KJ MGO can still cancel if too high gearings? Why not sell KJ if really got some1 chased too high?

Posted by newbie4444 > 2018-12-17 04:23 | Report Abuse

KJ QR is worse than CanOne. Why must pay too high?

Posted by firehawk > 2018-12-17 09:27 | Report Abuse

From the SC letter, after paying the penalty, CANONE has the option to reduce their holding in KJ,
(c) restriction on the aggregate number of voting rights that may be exercised by the Parties Acting in Concert in KJCFB to not more than 33%. In addition, if the proposed corporate exercise for which consultation with the SC was held on 21 December 2017 is not carried out within six (6) months from the date of the SC Letter, the Parties Acting in Concert are required to reduce their collective holdings in KJCFB to 33% and below.

Reduce the KJ holding is in the best interest of CANONE and it is not reasonable for the shareholders to approve the acquisition!

Posted by pharker > 2018-12-17 13:28 | Report Abuse

KJ got many undervalued assets..may be thats what they are eyeing..not the earnings prospect..may be convert some of the land banks to prop dev..who knows

Posted by firehawk > 2018-12-20 16:38 | Report Abuse

if CANONE buy KJ@3.10, it financial conditions will be worsen ... and share price will be lower .....

Posted by James Ng > 2019-01-09 12:37 | Report Abuse

https://klse.i3investor.com/blogs/general/189372.jsp
[转贴] [CAN-ONE BHD：本财政年度最后一个季度的经营环境预计将继续面临挑战，原因是外汇汇率波动，原材料价格上涨以及尤其是一般罐头部门对果仁罐的需求减少] - James的股票投资James Share Investing

Posted by Lukey_Greek > 2019-01-12 18:28 | Report Abuse

From the price movement these few days, the last querter profit for FY18 will be one of the highest of the recent years. Canone business model is very similar to Johotin. Please refer to Johotin Q3 financial statement notes to gain some insights. ;-)

Posted by lcng123 > 2019-01-17 09:59 | Report Abuse

Any good news for CanOne. Keep going up from RM1.93 to current RM2.87

Posted by PotentialGhost > 2019-01-17 21:11 | Report Abuse

Canone already rise more than 40% in 1 week , THX those idiot sold below 2.20 day by day they morning sell until midnight. Hahaha

Posted by Syndicates > 2019-01-23 22:11 | Report Abuse

egm can pass or no pass?

Posted by Icon8888 > 2019-01-23 23:13 | Report Abuse

The major shareholder can vote

It will pass

Posted by Icon8888 > 2019-01-23 23:14 | Report Abuse

MGO is good deal for canone

Just need to sort out gearing

Posted by pharker > 2019-01-28 10:48 | Report Abuse

How can your financials be worsened if :-
1) if you have a chance to acquire a grossly under valued asset
2) if you have the means to get the financing to acquire it
3) if you are able to service the financing obligation with your internal cash flow

Yes ratio wise it may deteriorate such as gearing ratio, but common sense wise, what do you think ?

Posted by Lukey_Greek > 2019-02-13 22:06 | Report Abuse

Agreed with Icon, EGM tomorrow will pass. Mr Yeoh & his friendly business alliance, Mr Teh hold total about 50%

Posted by apolloang > 2019-02-13 22:15 | Report Abuse

another iwcity/ekovest deal?

Posted by Larrytrader > 2019-02-14 10:15 | Report Abuse

Anyone tell EGM please

Posted by Larrytrader > 2019-02-14 10:15 | Report Abuse

Tell me news lates

Posted by Larrytrader > 2019-02-14 11:00 | Report Abuse

Anyone attend EGM can update news here pleeasr

Posted by Syndicates > 2019-02-14 11:07 | Report Abuse

passed

Posted by Larrytrader > 2019-02-14 11:15 | Report Abuse

Yesssss!!!!!

Posted by Larrytrader > 2019-02-14 11:15 | Report Abuse

Thank you for the news

Posted by QQ12 > 2019-02-27 08:46 | Report Abuse

Sad to know Kian Joo and Boxpak also making loss in 4Q 18.....

Posted by QQ12 > 2019-02-27 08:51 | Report Abuse

Canone is getting bigger pressure to own it....

Posted by bsngpg > 2019-02-27 08:52 | Report Abuse

Adjust number to make it a lost and not attractive so that more small investors lose faith and sell back to controlling shareholders.

Posted by lcng123 > 2019-02-27 16:50 | Report Abuse

They purposely making KianJoo result loss during the MGO. May be KianJoo will loss again in next quarter.

Posted by Avalon > 2019-03-12 17:53 | Report Abuse

One question: if Kian Joo is estimated at RM 3.10 per share, what is the value of Canone who is going to take over Kian Joo?

Posted by Icon8888 > 2019-03-15 10:35 | Report Abuse

kianjoo is a very valuable asset

canone will be RM4 to RM5 within 3 years

Posted by bsngpg > 2019-03-15 12:26 | Report Abuse

3.08 is still quite high than my holding cost. Have to wait for much longer. Unless uncle comes back to push it up in rocket way.

Posted by bsngpg > 2019-03-15 20:19 | Report Abuse

Canone is in very good biz f&b, unfortunately, owned by no so good people. I bot it for its good biz and hope for the not good bosses to change to good. Just like those naive girl hoping for bad boyfriend to change to good. It is like "flower in mirror, moon in water".

Posted by Icon8888 > 2019-03-18 19:10 | Report Abuse

Received valid acceptances resulting in 56% shareholding in Kian Joo