Posted by lcng123 > 2019-11-29 12:05 | Report Abuse

Agreed. The QR will getting bad. Look at JohorTin, they had expanded the F&B business in Mexico and the latest QR getting better. CanOne should go for F&B business rather than Canning and Packaging business.

Posted by Up_down > 2019-11-29 12:10 | Report Abuse

Better migrate to Johortin for those who are interested in canning business asn CanOne may report lower and lower profit or even suffer losses.

Posted by lcng123 > 2019-11-29 13:16 | Report Abuse

After dispose F&B business, sure loss in QR

Posted by Lukey_Greek > 2019-12-01 22:23 | Report Abuse

Dont be too pessimistic. We are almost at the end of the tunnel and will see light in the next quarter result based on the following facts:

1) The tranche 1 of the selling price of F&B Nutrition of RM750m was paid on 15th Oct 2019 directly to AmBank & AmBank Islamic to settle the borrowings. This will translate to RM8.4m interest savings per quarter from 4Q19 onwards based on interest 4.5% p.a.

2) The profit for 3Q19 was pull down mainly by loss of RM8.7M in 3Q19 in the Edible Oils & Fats segments in Contracts Manufacturing Division. As we all know, crude palm oil price has strongly rebound. A positive return in 4Q19 is almost certain.

3) Boxpak, the subsi of Canone, has break even after many years of losses. This is due to drop in the corrugated paper price, resulted from the drop in the paper pulp price. Next quarter result should remain the same or a more positive return if the downtrend of corrugated paper price continues.

The combine of 1) + 2) will gives a profit of RM17m, which enough to offset the impact of the discontinued operations of dairy segments.

Posted by sheldon > 2019-12-02 10:15 | Report Abuse

Lukey_Greek - I don't see how an increase in price of Edible oils & fats can be positive for Contracts Manufacturing Division?

I thought it'll be the opposite affect as the cost of input will rise.

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.

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.

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?

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

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

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

who are canone competitors?

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

KIANJOO,who has been bought so probably F

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

F

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.

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

engine starting..

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

Hope monday it will open even higher.

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

TP2.20 as dividends is likely to be low.

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

bought can-one at 2.95-3.00

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

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

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

sold back at 3.08-3.12

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

I concur with firehawk

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.

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

TP DY=5% under current market conditions.

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?

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.

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

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

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.

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 ?

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

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

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

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

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

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.

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

Finally, awakening ...

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

Great moment.... waiting!

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

Next week touch 3.5, can reload somemore

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

quarterly result will release soon!

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?

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

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

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

dividend 0.06 only Why so stingy???

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.

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

suddenly up !

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?

Posted by nicklelinea > 2020-06-05 07:20 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3056178

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

unexpected results

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

6 sen dividends with 8 sen loss