CAN-ONE BHD

KLSE (MYR): CANONE (5105)

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Last Price

2.31

Today's Change

-0.01 (0.43%)

Day's Change

2.31 - 2.31

Trading Volume

200


9 people like this.

2,361 comment(s). Last comment by mcheat 2 months ago

Posted by Lukey_Greek > 2019-12-03 23:33 | Report Abuse

Thanks for correcting my mistake on the edible oil segment.

After a more detailed study, edible oils & fats is a new business segment that the company has venture in to tap on some existing assets after the divestment of milk powder segment. Yoy, revenue grows a whopping 183x from 789k to 145m, while asset grows 130m, from 579m to 709m. Qoq, revenue grows 84.5m based on the notes quoted from 2Q19 below.

(Contract Manufacturing division registered revenue of RM512.8 million in YTD Q2, 2019, an
increase of RM84.5 million compared to YTD Q2, 2018, mainly contributed by edible oils and
beverages segments)

The losses i suspect should be one off set up costs incurred of moving machinery & perform re-calibration on the machinery computer setting to swift from milk powder to edible oil, & hiring costs of the new staff.

This will be a new revenue stream to partially off set the impact after divest of milk powder segment once the setting up expenses stabilized.

sheldon

1,441 posts

Posted by sheldon > 2019-12-04 15:18 | Report Abuse

TQ Lukey_Greek - so you are referring to packaging of edible oils.

Posted by watchdog88 > 2019-12-19 15:37 | Report Abuse

Drop like a rock ! hahaha !

Posted by Lukey_Greek > 2019-12-22 22:48 | Report Abuse

The sale of F&B Nutrition was completed in early Oct 19. The profit will be booked in 4Q19. It will be fantastic.

Posted by Lukey_Greek > 2020-01-01 23:29 | Report Abuse

Can-one just announced that the company has received tranche 2 amount payment consists of RM153.5m principal amount plus RM2.5m interest.

It means the minimal selling price of F&B Nutrition is RM900m & the company has earned other income of RM2.5m. Also, additional interest saving of RM1m per quarter from this RM153.5 m received).

The remaining balance of tranche 2 amount will be known & be paid soon in 1Q2020 after audited the financial statement.

sheldon

1,441 posts

Posted by sheldon > 2020-01-09 09:55 | Report Abuse

I hope for a big fat dividend from this disposal. A lean company is good discipline for any management. However going by the track record and prejudiced by years of suffering as Kian Joo shareholder, I'm supremely confident that this will not happen.

Posted by hendrycheah > 2020-01-10 16:03 | Report Abuse

A PE @ 3.8 with PTBV @ 0.44, it's a super undervalue company, but why no one interested in canone?

lcng123

1,129 posts

Posted by lcng123 > 2020-01-15 12:35 | Report Abuse

suddenly up so much today.... good news ???

cclow41

26 posts

Posted by cclow41 > 2020-01-16 11:05 | Report Abuse

who are canone competitors?

Larrytrader

1,453 posts

Posted by Larrytrader > 2020-01-16 11:19 | Report Abuse

KIANJOO,who has been bought so probably F

Larrytrader

1,453 posts

Posted by Larrytrader > 2020-01-16 11:20 | Report Abuse

F

lcng123

1,129 posts

Posted by lcng123 > 2020-01-16 22:52 | Report Abuse

Johortin doing same business like CanOne but they are targeting in different markets. So they are not compete each other.

ruby20

308 posts

Posted by ruby20 > 2020-01-19 10:30 | Report Abuse

engine starting..

mmusang

4 posts

Posted by mmusang > 2020-01-19 10:51 | Report Abuse

Hope monday it will open even higher.

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-01-28 09:17 | Report Abuse

TP2.20 as dividends is likely to be low.

hng33

20,380 posts

Posted by hng33 > 2020-02-27 10:55 | Report Abuse

bought can-one at 2.95-3.00

hng33

20,380 posts

Posted by hng33 > 2020-02-27 15:57 | Report Abuse

Cao-one is expect to record massive one off gain worth > RM 600m or more than RM 3/share from disposal gain from creamer manufacturing unit

firehawk

4,783 posts

Posted by firehawk > 2020-02-27 22:07 | Report Abuse

Earning per share RM3.07;
NTA increase to RM9.02!

Seliing for RM3.04!

unbelievable? :D :D :D

hng33

20,380 posts

Posted by hng33 > 2020-02-28 09:13 | Report Abuse

sold back at 3.08-3.12

sheldon

1,441 posts

Posted by sheldon > 2020-02-28 10:13 | Report Abuse

I concur with firehawk

sheldon

1,441 posts

Posted by sheldon > 2020-02-28 12:38 | Report Abuse

So much profit but dividends are tiny in comparison.

If the share price rises due to profit retention then fine but it did not. So shareholders bang balls.

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-03-13 10:08 | Report Abuse

TP DY=5% under current market conditions.

sheldon

1,441 posts

Posted by sheldon > 2020-03-18 16:46 | Report Abuse

Jeffretteck - how did you derive 5%?? At the regular 4 sen per year dividends & at RM2 per share, the DY = 2%.

Your calculator has enough battery power ah?

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-03-23 08:03 | Report Abuse

Wait for price drop till DY=5% or increase dividend. This company management is not generous to minority, no point to support it now. It broke my previous TP below 2. Next level is 1.50 as market conditions is becoming bad.

papparich

216 posts

Posted by papparich > 2020-04-06 15:13 | Report Abuse

All these figures are ballpark, baseless and just as speculative as TA.

sheldon

1,441 posts

Posted by sheldon > 2020-04-09 16:49 | Report Abuse

The details of the pathetic 6 sen dividends will be announced in a matter of days.

kelvin17

565 posts

Posted by kelvin17 > 2020-04-13 12:00 | Report Abuse

the huge profit is for paying loans and investment in vietnam at the end become nothing ! how to pay dividend ?

sheldon

1,441 posts

Posted by sheldon > 2020-04-20 15:00 | Report Abuse

Kelvin17 - i think you are referring to the funds. The profits remain untouched

newbie8080

2,780 posts

Posted by newbie8080 > 2020-04-20 20:55 | Report Abuse

Already mentioned in Bursa annoucement, the disposal gains from F & B NUTRITION SDN BHD is utilised to payoff the company's borrowings.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=195308&name=EA_DS_ATTACHMENTS

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2994480

newbie8080

2,780 posts

Posted by newbie8080 > 2020-04-20 20:57 | Report Abuse

Last year October already settle debts. Still discussed about dividend?????

Daz Ng

587 posts

Posted by Daz Ng > 2020-04-29 13:43 | Report Abuse

should discuss about bonus issue

Posted by paulAdel > 2020-05-06 16:22 | Report Abuse

Canon heading Rm3.50. Big didvident waiting for all who stuck with her for a year.

northside

137 posts

Posted by northside > 2020-05-06 16:35 | Report Abuse

Finally, awakening ...

ywong888

48 posts

Posted by ywong888 > 2020-05-06 20:20 | Report Abuse

Great moment.... waiting!

northside

137 posts

Posted by northside > 2020-05-08 16:33 | Report Abuse

Next week touch 3.5, can reload somemore

ywong888

48 posts

Posted by ywong888 > 2020-05-27 09:52 | Report Abuse

quarterly result will release soon!

ywong888

48 posts

Posted by ywong888 > 2020-05-28 12:04 | Report Abuse

any prediction on the past quarter results? Guess that can manufacturing + F&B stuffs should be recession proof?

ywong888

48 posts

Posted by ywong888 > 2020-05-28 12:05 | Report Abuse

Why the big seller always appeared high volume Vs. buyer?

ywong888

48 posts

Posted by ywong888 > 2020-05-29 09:41 | Report Abuse

dividend 0.06 only Why so stingy???

sheldon

1,441 posts

Posted by sheldon > 2020-05-29 09:55 | Report Abuse

2 sen dividend announced as "Special Dividend" - Making a mountain out of a molehill.

It's like feeding scraps to diners and calling it was a sumptuous meal.

lching

1,405 posts

Posted by lching > 2020-05-29 15:04 | Report Abuse

suddenly up !

sheldon

1,441 posts

Posted by sheldon > 2020-05-29 22:40 | Report Abuse

isn't canone supposed to inform the shareholders if it's seeking to extend the submission of quarterly?

ywong888

48 posts

Posted by ywong888 > 2020-06-05 08:23 | Report Abuse

unexpected results

sheldon

1,441 posts

Posted by sheldon > 2020-06-05 10:07 | Report Abuse

6 sen dividends with 8 sen loss

ywong888

48 posts

Posted by ywong888 > 2020-06-05 18:07 | Report Abuse

Need to wait at least 3 more qtrs

Posted by eyinvest > 2020-06-15 12:15 | Report Abuse

does anyone know when their operation resumed in 2Q after MCO? 1Q revenue impacted even just for 10 days halt. trying to estimate the revenue impact for 2Q

Posted by trumpgreatagain > 2020-06-20 12:14 | Report Abuse

loss quarter result sad!!!

Posted by trumpgreatagain > 2020-06-20 12:15 | Report Abuse

just sharing for our better investment horizon & investment choice

https://youtu.be/lIsc9pmAsnU

Posted by focusinvesting > 2020-06-21 21:18 | Report Abuse

Just my thoughts on the industry and the company. It's probably trading at fair value even though the NTA is high. We have to consider the fact that the business does not generate high free cash flow as most of its cash if used up to purchase new equipment and to pay off debts.

https://focusinvesting484855354.wordpress.com/2020/06/21/fundamental-analysis-can-one-berhad-5105/

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