Posted by ruby20 > 2019-06-27 18:15 | Report Abuse

AGM highlight. Summary in 7 points.

"CAN-ONE is having a very eventful year. Apart from the stock being up 90% YTD, it had took over $KIANJOO private and recently sold off its subsidiary F&B Nutritient for RM 1b. This is my take from the AGM today"

Posted by chl1989 > 2019-06-27 19:25 | Report Abuse

any special dividend?

Posted by ruby20 > 2019-06-27 19:27 | Report Abuse

Mentioned in the article.

Posted by tsiang > 2019-07-01 09:38 | Report Abuse

For those remaining 2% who did not accept the MGO, did anyone receive the payment (cheque) from Canone already ?

Posted by chl1989 > 2019-07-01 16:33 | Report Abuse

midf noob analyst. must be a fresh grad

Posted by Shinnzaii > 2019-07-02 09:54 | Report Abuse

Hmmm...how low it can drop?not enough buy force

Posted by chl1989 > 2019-07-02 11:58 | Report Abuse

back to rm3?

Posted by tsiang > 2019-07-02 21:27 | Report Abuse

On behalf of the Board of Directors of Can-One, AmInvestment Bank wishes to announce that the Offeror had, on 28 June 2019, completed the compulsory acquisition of the Remaining Offer Shares held by the Dissenting Shareholders in accordance with Section 222(1) of the CMSA.

So when we expect to receive the payment from Can-one?

Posted by gift > 2019-07-05 10:59 | Report Abuse

Heading to 3.00 soon....

Posted by sueng5618 > 2019-07-05 15:34 | Report Abuse

what is next?

Posted by chl1989 > 2019-07-08 15:59 | Report Abuse

rebound from here to rm4.5 :)
watch out

Posted by gozilla88 > 2019-07-09 11:13 | Report Abuse

con one

Posted by flexibt > 2019-07-09 20:57 | Report Abuse

totally agree.

Posted by Shinnzaii > 2019-07-11 15:31 | Report Abuse

wew....still dropping...buy force still not strong

Posted by Sharebullous > 2019-07-11 19:44 | Report Abuse

It seems like an irrational panic sell down. This counter ain't worth this low. Stay calm guys.

Posted by moneycashrich > 2019-07-16 11:55 | Report Abuse

It is a good buy for me now. Others can disagree.

Posted by gozilla88 > 2019-07-16 15:25 | Report Abuse

https://klse.i3investor.com/blogs/koonyewyinblog/215011.jsp

Posted by gozilla88 > 2019-07-16 15:27 | Report Abuse

suggest can one go do "CAN EGG" business. Since Alot people eat EGG

Posted by moneycashrich > 2019-07-16 15:44 | Report Abuse

Canone is sure one for me at this time. Others can disagree.

Posted by mcheat > 2019-07-26 10:00 | Report Abuse

This is a strange strange counter.....based on the circular, the proforma EPS will be higher than the share price!!!

Posted by mcheat > 2019-07-26 10:03 | Report Abuse

Proforma miniumum earnings per share is at least RM5 with proforma net assets a share is between RM9.41 and RM10.62....the major shareholder might as well privatise this company as clearly the market has no trust in the company...even worse that Johortin....lol

Posted by Lukey_Greek > 2019-07-28 23:11 | Report Abuse

The owner is definitely eyeing to privatize canone after this disposal. The reason is simple: Canone is basically KianJoo no. 2 now after the disposal.

The borrowing of RM917 mil to wholly acquire KianJoo will be fully repaid (take the average of min & max of the purchase price).

If the owner values KianJoo for RM1.4 bil & privatize it, there is no reason he wont take Canone private with half the price. (Canone current market cap is < RM700m)

Posted by Lukey_Greek > 2019-07-28 23:13 | Report Abuse

We just need to be patient as this only will be happened after the disposal. & the time is on our side with the dropping of both aluminium and tin price from their peak. The profit margin should be back to normal & it eventually will be reflected in the share price.

Posted by ongth60 > 2019-08-09 10:14 | Report Abuse

egm today

Posted by terence775 > 2019-08-16 14:55 | Report Abuse

what's going on with can-one? From nearly 4 drop to like this

Posted by wwolves > 2019-08-17 16:44 | Report Abuse

Hopeless company

Posted by Surewind > 2019-08-19 08:41 | Report Abuse

Expect share price to drop today?
I mean alot of ppl bought in anticipation for Special dividend.
Its good for the company but not so good to the investors.

Posted by terence775 > 2019-08-19 09:13 | Report Abuse

Messi, only recently announced no SD, but price drop since 2+ months ago.. I was wondering what's wrong

Posted by Jeffreyteck > 2019-08-19 10:12 | Report Abuse

Making profit but no dividend. Making losses or lesser profit eg sapura energy and airasia paid dividend. What's happened in bursa? Yes, is dirty world at your own risk amid beautiful governance structure. TP2.50.

Posted by terence775 > 2019-08-19 10:49 | Report Abuse

Messi, thank you for your advice. But what choice do we have to invest our money and fight off inflation besides FD, unit trust and the share market... in the end kena makan also. Hard times we live in.

Posted by Op3rs > 2019-08-29 19:18 | Report Abuse

after deducting one off's, profit is around 9m region. :)

Posted by Lukey_Greek > 2019-09-01 17:39 | Report Abuse

Good sign... TA group also is looking at this stock. Too cheap to ignore

Posted by RainT > 2019-09-16 19:32 | Report Abuse

PE 4???

Posted by princehero > 2019-09-17 15:16 | Report Abuse

Kyy either a fool or a conman..

Posted by princehero > 2019-09-17 15:17 | Report Abuse

Lost a lot few years bec in this Counter trusting him previously....

Posted by Up_down > 2019-09-17 15:54 | Report Abuse

In the absent of profit contribution from condensed milk segment, Canone's prospect is seen gloomy in next 12 months. Myanmar Aluminum and Carton operations started operation in 1st Qtr 2019 but heavy start-up costs would pull down the performance. It takes at least 3 years to achieve break-even after commencement of the new factories.

Posted by Jeffreyteck > 2019-10-14 09:40 | Report Abuse

Reasonable price if DY=3% at least.

Posted by gozilla88 > 2019-10-14 16:43 | Report Abuse

this counter no hope for DY ..... put FD higher dividend than this counter.....

Posted by bsngpg > 2019-10-14 17:28 | Report Abuse

AGM few years back, the BOD rejected request from small shareholders for free parking. If few ringgit also cannot be paid, we do not need to expect for high dividend from this company. But they use company money for luxury car.

Posted by Lukey_Greek > 2019-10-15 19:23 | Report Abuse

Disposal of F&B Nutrition completed today. Company's borrowing power freed. Raw material tin price dropped. A good selection of asset play with good monetisation/ privitization prospect.

Posted by lcng123 > 2019-10-18 09:15 | Report Abuse

Without F&B Nutrition business, CanOne financial result will like a shit.

Posted by KT197 > 2019-10-28 13:09 | Report Abuse

This can one still haven't pay kianjoo investors their money after kianjoo been delisted for the past 5 months

Posted by Jeffreyteck > 2019-11-01 18:48 | Report Abuse

Just noted this old news...
..Also, Kian Joo’s investment in carton and packaging plants in Myanmar is still in “deep investment cycle”, with profits only expected in the next three to five years.

“We need to look at the long-term growth of the group. We need to look after the company’s future growth rather than pay out everything as dividends.

That suggests minority eat grass will do for next few year but management and bod continue to live luxuriously since they work hard and are the best strategists that must be rewarded.

Posted by setia2u > 2019-11-02 20:51 | Report Abuse

While you guys are so pessimistic on CAN-ONE, I am expecting some surprises from this so Can One company and I believe it is happening sooner than expected, cheers!!!

Posted by gozilla88 > 2019-11-05 16:31 | Report Abuse

this counter waiting KYY to dump in money then sell.... no hope on management

Posted by setia2u > 2019-11-07 07:11 | Report Abuse

Haha ....another baseless and negative comment!!!

Posted by Up_down > 2019-11-29 10:24 | Report Abuse

I doubt the ability of the management in handling big operations. Look at their carton division, Boxpak, keep posting losses or tiny profit whereas Master, Orna & PPHB have been reporting increasing profit. Operations are sucked especially in Vietnam. They only focus in capturing market share and ignoring profit. Be prepared to hold for long term for investing in CanOne.

Posted by lcng123 > 2019-11-29 11:24 | Report Abuse

CanOne management are crazy right now. Dispose profitable F&B business and privatised unprofitable business. You can just imagine the CanOne QR without F&B business in the future. No hope at all.

Posted by Up_down > 2019-11-29 11:59 | Report Abuse

They should have dispose Boxpak since the operations is grossly inefficient. It's a liability. Carton business is operated in a very competitive environment due to low switching costs. Unlike canning business, switching costs is rather high to the customers in terms of testing and lead time. The operation went suck after the old management left Boxpak.

Posted by Up_down > 2019-11-29 12:03 | Report Abuse

What a joke is they have expanded their carton business to Myamar. They can't even handle the existing operations and some more making new investment overseas in this low margin business.