Posted by treasurehunt > 2021-09-02 11:04 | Report Abuse

This rally could be similar with the one in 2015.

Posted by suprnoob > 2021-09-02 11:59 | Report Abuse

LU!

Posted by treasurehunt > 2021-09-02 16:03 | Report Abuse

Market offers value Ablegroup at PER 10.5x. CanOne generates EPS 80 cents so fair value will be RM 8 or PER 10x.

Posted by nuke > 2021-09-03 10:40 | Report Abuse

Remember earnings are not set in stone. What goes up can come down. Invest in moderation.

Posted by sueng5618 > 2021-09-03 10:42 | Report Abuse

Up up up please. I have been holding it for years.

Posted by treasurehunt > 2021-09-03 10:49 | Report Abuse

Yeoh's strategy is to capture market share through price war and follow by price hike. Therefore, general can segment did not doing well in the past few years.

Posted by treasurehunt > 2021-09-03 10:55 | Report Abuse

Yeoh can't stand with the market cap CanOne 755m. DPIH is so small and yet market cap half its size.

Posted by treasurehunt > 2021-09-03 11:08 | Report Abuse

King of Malaysia can packaging has awaken. Go!

Posted by treasurehunt > 2021-09-03 13:18 | Report Abuse

There are only 2 companies producing Aluminium Cans and Easy-Open-End namely Kian Joo and Crown Beverage Can in Malaysia. The top 2 players of metal-can goes to Kian Joo and Ablegroup. The business is relatively stable due to high barrier of entry in capital and volume wise. Kian Joo has expanded the aluminium can manufacturing facilities in Myanmar.

Posted by BursaKakis > 2021-09-04 18:07 | Report Abuse

https://www.theedgemarkets.com/article/canones-share-price-hits-fiveyear-high-rm410

Posted by treasurehunt > 2021-09-05 11:51 | Report Abuse

RM 4 is merely an appetizer. It would break 5 soon supported by recovery of earnings, PER below 5x, high NTA, low share volume & involving in consumer packaging business.

Posted by bulldog > 2021-09-05 14:28 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by gemfinder > 2021-09-05 16:56 | Report Abuse

Same tactic like ghl system last time. Ofer rm1 when share px 150. In d end, tskeover failedm kickout by minority

Posted by treasurehunt > 2021-09-05 20:24 | Report Abuse

Gemfinder knows well. Give an opportunity for people to sell at cheap prices when the company was performing below par against its peers. MI are not so gullible. CanOne will lift up its peers together while share price are moving up. It is likely CanOne breaking PER 10x in the next few months. .

Posted by sangkancil > 2021-09-06 20:26 | Report Abuse

good pick

Posted by gemfinder > 2021-09-06 21:16 | Report Abuse

Tq for cheap tickets 378 today. Grab grab

Posted by treasurehunt > 2021-09-07 10:31 | Report Abuse

Canone will return to the valuation level in par or slightly below with its peers. It won't run too far away within a segment ie carton, stretch film, flexible packaging.

Posted by treasurehunt > 2021-09-07 10:50 | Report Abuse

PER valuation of packaging companies.

General Can segment (PER)
- Canone < 5x
- Ableglob 11x
-DPIH 30x

Stretch film segment (PER)
- BPplas 10.7x
- Tguan 12.7x

Flexible & Other plastic packaging (OER)
- Daibochi 14x
- SCGM - 13.7x
- Scientx - 16.4x
- SLP - 16.4x

Carton segment (PER)
- Master 7.3x
- Muda 7.3x
- Orna 7.5x
- PPHB 6.9x

Posted by Dulras > 2021-09-07 12:45 | Report Abuse

Good company make good profits but not paying good dividen no bonus how to run maa how high can go, stuck so long

Posted by treasurehunt > 2021-09-07 12:50 | Report Abuse

This is not a dividend play company. What happen to the share prices of glove companies paying high dividend?

Posted by treasurehunt > 2021-09-07 13:01 | Report Abuse

It's entirely different ball game. If you like dividends then go for gloves, plantation (Inno, TAAn, Swkplnt), consumer (HupSeng, Pwroot, cocolnd)....

Posted by absalom > 2021-09-07 13:35 | Report Abuse

ok then not for people who like dividend or capital gain, just for fresh air and sunshine. And let the fat cats get fatter.

Posted by Dulras > 2021-09-07 14:10 | Report Abuse

Tq treasure hunt at least got news got hope

Posted by Cakes Moon > 2021-09-08 09:44 | Report Abuse

All in!!! All in!!!
Today this 1 fly!!!

Posted by treasurehunt > 2021-09-08 11:28 | Report Abuse

Up slowly everyday to minimize involvement of contra traders.

Posted by gemfinder > 2021-09-08 11:53 | Report Abuse

huat rrrr

Posted by gemfinder > 2021-09-08 17:13 | Report Abuse

rm8 mari

Posted by treasurehunt > 2021-09-08 19:13 | Report Abuse

I don't expect CanOne up similar with SAM, jumped 50% in 3 days. It's a luck.

Posted by sangkancil > 2021-09-10 23:31 | Report Abuse

looking good , potential for long term growth

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

Updated PER valuation of packaging companies. Canone remains the lowest and catching up its peers.

General Can segment (PER)
- Canone < 5x
- Ableglob 11.6x
- DPIH 30x

Stretch film segment (PER)
- BPplas 12.7x
- Tguan 12.5x

Flexible & Other plastic packaging (OER)
- Daibochi 14.7x
- SCGM 14.2x
- Scientx 15.5x
- SLP 16.0x

Carton segment (PER)
- Master 7.0x
- Muda 7.3x
- Orna 7.0x
- PPHB 6.7x

Posted by wallstreetrookie > 2021-09-14 10:27 | Report Abuse

Unconditional mandatory takeover at RM2.50

Posted by Leo1960 > 2021-09-14 17:21 | Report Abuse

Is this good or bad?

Posted by wallstreetrookie > 2021-09-15 15:02 | Report Abuse

This company will perform similarly to Unisem

Posted by slowandsteady > 2021-09-19 12:27 | Report Abuse

Is the account receiveble considered too high for this company?

Posted by Bgt 9963 > 2021-09-19 14:36 | Report Abuse

Rock steady...

Posted by treasurehunt > 2021-09-19 14:50 | Report Abuse

Slowandsteady. Canone's receivables is about 90 days which is much higher than Ablegloble. However, If you compare with Scientex's receivable, Canone's receivables is merely 12 days higher than the former.

Posted by thesteward > 2021-09-24 10:03 | Report Abuse

Super undervalue . This new wave might see it break rm4 again n reach new high . Just need a F house to make analyses . Let’s hope some fund house will discover this gem

Posted by slowandsteady > 2021-09-26 12:33 | Report Abuse

treasurehunt. It shows how competitive this industry is, sales and profit are there but can't receive money. This might be one of the reasons why pe valuation is low. No offense, just a discussion and I am still following this company.

Posted by gozilla88 > 2021-09-27 18:11 | Report Abuse

this counter wont up without the power of KYY

Posted by thesteward > 2021-09-29 16:23 | Report Abuse

I think wave might goto rm4.50 or rm4.80 this wave

Posted by thesteward > 2021-09-29 16:35 | Report Abuse

If today can close above 4 hopefully tomorrow spike ….simply too undervalue I believe

Posted by treasurehunt > 2021-09-29 16:47 | Report Abuse

Coming..

Posted by thesteward > 2021-09-29 17:01 | Report Abuse

Sui

Posted by gozilla88 > 2021-09-29 17:04 | Report Abuse

""KY""-y is coming ?

Posted by gemfinder > 2021-09-29 17:06 | Report Abuse

lailiao

Posted by Kingfisher > 2021-09-29 17:30 | Report Abuse

Before taking over 100 % of Kian Joo which is much bigger than Canone own business in early 2019, Canone net asset bacing was $4.30.
After taking over, its net asset backing rose to $9.73 now
Plus it has shown big jump of profit and turnover in this half yr to $82m net profit or EPS of 44 ct for half yr.
Not many companies in klse can achieve these !!!
Thus , Canone is worth much.more than $4+ now !!
Should be trading at $8 !!!

Posted by thesteward > 2021-09-30 09:19 | Report Abuse

Holding tight as investment. Hopefully once some fund house recognise this gem and do a coverage go high hopefully at least 6/7 .

Posted by thesteward > 2021-09-30 09:19 | Report Abuse

Kingfisher you are right . Must be an old timer sifu in investments bursa

Posted by gemfinder > 2021-09-30 09:25 | Report Abuse

go go go

Posted by gozilla88 > 2021-09-30 09:34 | Report Abuse

pity those people buying at 4.xx sure kena con later