Posted by Louisngu > 2021-05-04 17:34 | Report Abuse

waste of investors time. please don't sell to thm

Posted by caonima > 2021-05-04 17:49 | Report Abuse

RM2.50
https://www.klsescreener.com/v2/announcements/view/3353375

Posted by gozilla88 > 2021-05-04 17:57 | Report Abuse

buy besi buruk meh 2.5 ? so simple to talk like tat.

Posted by firehawk > 2021-05-04 19:57 | Report Abuse

this shows that, mr. yeoh is a very smart and clever person !!

Posted by Syndicates > 2021-05-04 20:14 | Report Abuse

LU kikiki

Posted by lassy > 2021-05-04 20:22 | Report Abuse

This OLDMAN Yeoh will squeeze minority shareholders BONE DRY because he is super rich. Look how he control the share price of OCB berhad a NTA RM 1.80 company share price is only worth 65sen on the KLSE., giving dividend n making Ton of money with IBUMEE and Kingkoil mattresses due to upgrading works by hotels.

Posted by lionel messi > 2021-05-04 21:58 | Report Abuse

Why would this Teh fella sell at RM2.50 when the NTA is more than RM9.00 and when he got the shares at RM2.84 back in mid 2015?? I smell a rat and some scam taking place. I hope Bursa and SC will investigate their corporate governance. I have heard this Yeoh fella has a very very bad reputation of ripping off minority shareholders like what he did to Kian Joo but this is ridiculous.

Posted by RiverOfSilver > 2021-05-05 01:13 | Report Abuse

Can-One gets RM2.50 per share takeover offer from major shareholder

https://www.thestar.com.my/business/business-news/2021/05/04/can-one-gets-rm250-a-share-takeover-offer-from-major-shareholder

Posted by sheldon > 2021-05-05 09:39 | Report Abuse

I've never heard of offer far below market price before. It's usually far above. Normally the target co share price will shoot through the roof.

He's doing the same trick as in Kian Joo. Drive the share price down (or in this case keep it down) & then offer a small premium over it.

Posted by nuke > 2021-05-05 09:42 | Report Abuse

Appears scam to panic investors into selling at low prices. Right hand selling to left hand. All in Yeoh family. Not obliged to sell. Don't sell. BUY!

Posted by ctooi51 > 2021-05-05 09:46 | Report Abuse

Rubbish..even when he is in the coffin his will not rest in peace..

Posted by Mc_Wei > 2021-05-05 09:56 | Report Abuse

You guys misunderstand. It's bursa rules he has to offer the same price to rest of minorities whenever he buys from other shareholders in private deals. (maybe seller lost some football bets to him, so have to sell the shares cheaply to buyer) Since he bought at RM2.50, he is obliged to extend the offer to everyone else. I believe he also doesn't expect minorities will sell to him, because he will need to fork our RM250m if that happens. Also it is stated he intends to maintain the listing, i.e. no intention to take it private. So just ignore it

Posted by sheldon > 2021-05-05 13:34 | Report Abuse

Agree with Mc_Wei - it could be a compliance thing.

Also agree with "nuke" as of this offer fiasco, it had caused a panic amongst investors. Based on the volume of trade, this predator had bought a big chunk of shares for a song!

Thus it was rewarding for him.

Posted by gozilla88 > 2021-05-05 13:37 | Report Abuse

waste paper send me offer letter. i will draw ""coffin Tin"" send back to him.

Posted by DreamHunter > 2021-05-05 13:39 | Report Abuse

yah kah

Posted by DreamHunter > 2021-05-05 13:40 | Report Abuse

ha ha ha

Posted by lionel messi > 2021-05-06 08:43 | Report Abuse

No misunderstanding. We know the rules and how the game is played. Just want to ask the Teh fella: why were you so BODOH???. Unless there is more than meets the eye......

Posted by sheldon > 2021-05-10 09:50 | Report Abuse

There's definitely more than meets the eye. Teh guy doesn't need the money. The 4 sen dividend is enough to meet his yearly needs, more so during lockdown.

Private deals perhaps between major shareholders to deep fry the minority shareholders.

Posted by lionel messi > 2021-05-18 08:28 | Report Abuse

Actual selling price much much higher than actually declared to hoodwink many parties??? Just like what has always been happening in the property market. No need to make general offer at a higher price. That's how the game is played. Regulators, are you still sleeping on high gaji buta??

Posted by sheldon > 2021-05-27 12:31 | Report Abuse

Still have all sorts of useless documents published at Bursa website - wasting time & money

Posted by jyooi87 > 2021-05-31 21:12 | Report Abuse

Qr result haven't out?

Posted by sheldon > 2021-06-01 16:30 | Report Abuse

Called the co sect office - Bursa granted 1 month extension due to Covid. So by end of Jun 21.

Posted by jyooi87 > 2021-06-02 17:09 | Report Abuse

OK.. Thanks... This share still can hold?

Posted by mcheat > 2021-06-04 14:52 | Report Abuse

Let's see the logic.... In 2015 Teh exchange his 20% shares in F&B in exchange for 39.753 million shares in canone…..In 2019 canone sell F&B for RM1 billion (so 20% means RM 200 million...right? unless my math is so bad).

Now he is selling the share for RM 100 million? What is wrong with him?

Posted by Bursanumber1 > 2021-06-04 14:57 | Report Abuse

RM2.50?? Don’t waste my time by sending me any letter, if RM4.5 only lets talk.

Posted by CoolBull > 2021-06-06 00:33 | Report Abuse

can-one takeover below fair value

https://www.thestar.com.my/business/business-news/2021/06/05/takeover-offer-below-fair-value

Posted by firehawk > 2021-06-06 00:55 | Report Abuse

This showed that mr. teh is a very kind and generous person! And he also help mr. yeoh very much, if he sell to mr.yeoh @3.50/share or higher (fair value @5.00 ?), then mr.yeoh has to pay the offer price much higher .....

is very good friend lah! "u help me, i help u"

Posted by mcheat > 2021-06-09 13:08 | Report Abuse

strong performance reminiscent of Kian Joo at its best, making the GO price a mockery

Posted by hope > 2021-06-09 17:25 | Report Abuse

Small shareholders have to unite together to get for higher offer price from Mr. Yeoh.

Posted by YOLOorLOL > 2021-06-09 17:51 | Report Abuse

Yes. .

.they can sit down and goyang kaki
What about us ??
Stand up and cari makan??
Fight this con company

Posted by sheldon > 2021-06-09 21:32 | Report Abuse

Public Investment Bank as per the docs valued Canone at 9.77 per share.

If they offer me 9.70, I'll take it - 7 sen keep the change la

Posted by nuke > 2021-06-10 00:46 | Report Abuse

No need to accept offer as offerer intends to maintain listing.

Posted by YOLOorLOL > 2021-06-10 11:13 | Report Abuse

Super con ompany and director
Get our 2.50and now 3.10 ???
They just can goyang kaki

Posted by Mkttalk > 2021-06-10 14:35 | Report Abuse

Retailers made suckers to accept 2.50

Posted by milosh > 2021-06-14 20:11 | Report Abuse

https://miloshtrading.blogspot.com/2021/06/canone-can-one-of-course-can.html

Posted by smoking > 2021-06-19 19:45 | Report Abuse

Any dateline for this takeover issue?

Posted by treasurehunt > 2021-08-24 09:55 | Report Abuse

Migrate to CanOne as Able has diversified into property development.

Posted by treasurehunt > 2021-08-27 09:14 | Report Abuse

ConOne can packaging business is seriously undervalue.

CanOne - Market cap 650m PAT > 100 million
Ableglob - Market cap 481m PAT 45 million
DPIH - Market cap 318m PAT 12 million

Posted by treasurehunt > 2021-08-27 10:30 | Report Abuse

Yeoh has shifted to bottom-lines oriented since the ASP hike half a year ago. CanOne can actually dump the aerosol market to grill DPIH but they don't do it anymore.

Posted by treasurehunt > 2021-08-30 18:12 | Report Abuse

Volume building while price is moving up.

Posted by BursaKakis > 2021-08-30 22:11 | Report Abuse

Fair value should have appreciated above RM9.77 since revenue, profits, nta are all higher now ( Q2 June 2021 - released on 26 August 2021 ) as compared to 5 June 2021 when the above fair value was given by Public Invest. Canone is now trading at a PE of 3.29 @ RM3.46 as at 30 August 2021.

Posted by treasurehunt > 2021-08-30 23:28 | Report Abuse

After stripping one off gain from the disposal of the F&B, Canone made EPS 60 cents for the last 3 quarters from the operations. At the price of 3.46, the market offers an undemanding PER 5.8x in comparison with its peers. Expect EPS 80 cents for a full year.

Ablegroup PER 10.8x
DPIH PER 30x

Posted by thesteward > 2021-08-31 11:28 | Report Abuse

Agree w you bursakakis and treasure hunt . Thanks for the analysis . I am holding this for mid to long term.
Gogo rm9.77 please .

Posted by thesteward > 2021-09-01 11:03 | Report Abuse

Personally feel even at rm4 this stock super undervalue

Posted by treasurehunt > 2021-09-01 12:14 | Report Abuse

This is the only consumer related company traded at PER below 5x.

Posted by thesteward > 2021-09-01 12:15 | Report Abuse

Exactly . Once fund gets identify or gets approval to buy could kaboom.

Posted by treasurehunt > 2021-09-01 12:44 | Report Abuse

First TP 4.0, 2nd TP 5.0 and 3rd TP 6.0. Consumer theme is back when Fed will start tapering in next few months.

Posted by treasurehunt > 2021-09-01 15:56 | Report Abuse

In general, carton packaging business ( Muda, Orna, PPHB & Master) is traded at PER 7x. Can packaging barriers of entry is much higher. Therefore, fair value of can packaging business will be at least PER 10x. Consumer plastic packaging (BPlastic & Tguan ) shouted at PER > 11x. As for another 2 consumer plastic packaging (SCGM & SLP) are much higher priced ... PER 15x.

Posted by suprnoob > 2021-09-01 19:19 | Report Abuse

undervalued. buy more. LU!

Posted by Invest_888 > 2021-09-01 19:47 | Report Abuse

Bought at RM3.55