Posted by treasurehunt > 2021-10-04 09:45 | Report Abuse

Keep up the momentum. Top up all the way.

Posted by Value_Investor_888 > 2021-10-04 09:46 | Report Abuse

going to fly to outer space....everybody should buy at low now but not chase when it reach RM10

Posted by Value_Investor_888 > 2021-10-04 16:30 | Report Abuse

Buy before too late everyone....company worth RM10 but now sell at 100% discount price at RM4-RM5 (NTA RM9.73)...

Posted by Value_Investor_888 > 2021-10-04 16:32 | Report Abuse

Last 4 quarter Earning per share RM1.05 with PE only 4.54....Extremely low valuation....

Posted by gemfinder > 2021-10-04 17:05 | Report Abuse

rm8 mari

Posted by treasurehunt > 2021-10-05 12:39 | Report Abuse

Slowdown and washing..

Posted by gemfinder > 2021-10-05 13:29 | Report Abuse

Sure can

Posted by sheldon > 2021-10-06 04:25 | Report Abuse

So long underperforming. Of late sold at handsome gains.

I've got one bullet left

Posted by Value_Investor_888 > 2021-10-07 10:57 | Report Abuse

Company worth RM10 but traded at RM4.xx with PE at 4.x, dah gila lah tu this market!! Earning per share so good at RM1.05...yet market dont want to but want to sell...apa lu mau lagi????

Posted by gozilla88 > 2021-10-08 15:11 | Report Abuse

canone cannot d.... kyy stuck money in hiaptek manyak susah liao.... value trap company will con all trader in this counter Kful

Posted by gemfinder > 2021-10-08 17:27 | Report Abuse

consolidation ended. next week fly again above rm5

Posted by treasurehunt > 2021-10-09 16:01 | Report Abuse

Not sure how long it takes. Next TP 6 or plus another 30%.

Posted by treasurehunt > 2021-10-09 16:18 | Report Abuse

Tin can business remains relevant in a stable consumer environment. Their customers are mostly established consumer conglomerate in the market. New players hardly venture into this business since the existing players don't price the products at high level even though shortage happens adding another barrier.

Posted by treasurehunt > 2021-10-09 16:38 | Report Abuse

Tin can business doesn't require high technology but high level of precision or quality (especially leaking and corrosion) requirements must be achieved consistently to ensure safety in packaging food and beverage. It won't easy to enter into the supply chain of the established consumer players due to high switching costs and many big consumer players don't want to take extra risks from a fresh new supplier. In addition, it is a capital intensive for 2 pieces aluminium cans.

Posted by treasurehunt > 2021-10-09 16:50 | Report Abuse

The biggest advantage to the existing players is the low depreciation costs. Europe automatic machines can be operated for more than 30 years. They are ready to go for price war with any new entrant as many of their old machines have depreciated to zero value.

Therfore, Tin can business players are able to maintain a comfortable level of profit margin in long term.

Posted by investorbat > 2021-10-11 10:25 | Report Abuse

"Flag" formation breakout with volumes, short term mid $5

Posted by Value_Investor_888 > 2021-10-11 10:57 | Report Abuse

Company worth RM10 (NTA RM9.73) but traded at RM4.xx with PE at 4.x, dah gila lah tu this market, mismatch the price too much!! Earning per share so good and so high at RM1.05....still cheap sell at this kind of price, what else you want? Mau sell lagi? Or chase to buy once it shot up above RM5 ?? or wait and see until it reach RM10 baru mau beli??

Posted by Value_Investor_888 > 2021-10-11 11:01 | Report Abuse

Everybody come to buy and let it break RM5 and fly to RM10!!!! back to it real value! Can one....Sure CAN ONE!

Posted by gemfinder > 2021-10-11 12:31 | Report Abuse

after lunch break rm5... hope continue up to rm8!!!!!

Posted by gozilla88 > 2021-10-11 13:22 | Report Abuse

Milo tin company worth 2.Xx only

Posted by Winningpost > 2021-10-11 13:54 | Report Abuse

Fair value 8.88

Posted by Winningpost > 2021-10-11 13:55 | Report Abuse

Sure can one

Posted by thesteward > 2021-10-11 15:00 | Report Abuse

If break 4.92 again later next wave potentially 5.50z. Holding tight like a baby

Posted by Value_Investor_888 > 2021-10-12 08:54 | Report Abuse

U will regret if you not buy now and let the price move above RM5 later. Once it break RM5, it will move toward RM10 target!!!

Posted by thesteward > 2021-10-12 09:04 | Report Abuse

Agree w you

Posted by thesteward > 2021-10-12 09:04 | Report Abuse

If break 5.05 whole new wave hopefully 5.5

Posted by treasurehunt > 2021-10-12 10:35 | Report Abuse

Aluminium cans segment (AR 2020)

Aluminium cans are one of the most recyclable package types available in the industry which offer numerous packaging benefits: long shelf life, light weight, easy to handle and carry, high strength, corrosion resistance and moisture free. As a result, the products are gaining global prominence. The rising eco-consciousness and recycling of the aluminium cans are the major trends which will drive the industry growth. Aluminium cans produced by the Group are primarily used as packaging material for single serve, ready to drink carbonated and non-carbonated beverage industry.

There are only 2 manufacturers for aluminium cans in Malaysia although it is possible for domestic beverages manufacturers to import empty cans from suppliers aboard. The majority of aluminium cans produced by the Group are to cater to the domestic beverage manufacturers. Hence, the growth of aluminium cans business is dependent upon the demand at the end-consumers, whether from domestic or overseas market. The Group’s direction of targeting and developing new export markets has been positive and which are expected to consume the existing excess capacities.

The Group’s entity in Myanmar commenced commercial operation in the first quarter of FYE 2019. In its second year of commercial operation, the Group consolidated Myanmar entity’s revenue amounting to RM94.5 million (FYE 2019 : RM69.1 million (2)) and a LBT of RM9.1 million (FYE 2019 : LBT of RM10.4 million (2)). As a green field project, the Group anticipates the entity to contribute positive results after 4 to 5 years from its commencement of operations. Demand for aluminium cans is anticipated to increase when the growth momentum in Myanmar gathers
pace.

Posted by treasurehunt > 2021-10-12 15:45 | Report Abuse

Summarised comparative data between CanOne and Ablegloble.

CanOne:
PER : 6x
NTA : 9.74
Price /NTA : 0.50x
Gearing : 0.65

Ablegloble :
PER: 12x
NTA : 1.21
Price/NTA : 1.44x
Gearing : 0.46 (included loan for acquisition of lands)

Posted by thesteward > 2021-10-13 14:45 | Report Abuse

Hopefully soon some IB make a coverage of this gem n kaboom

Posted by treasurehunt > 2021-10-14 12:53 | Report Abuse

General can segment in both Canone & Ablegroup to workout the PBIT margin. Ablegoup apparently enjoyed one off gain from hiking ASP and stocking activities in 3rd quarter 2020.

CanOne:
30 Jun 21 - 13%
31 Mar 21 - 10%
31 Dec 20 - 11%
30 Sep 20 - 5%

Ablegroup:
30 Jun 21 - 20%
31 Mar 21 - 17%
31 Dec 20 - 7%
30 Sep 20 - 24%

Posted by EVEBITDA > 2021-10-18 21:43 | Report Abuse

another 100M cash in the company.

Posted by gozilla88 > 2021-10-22 11:02 | Report Abuse

haiz why always stuck in this counter, tot can break tp5. mana tau drop suddenly. sad sad.......

Posted by Value_Investor_888 > 2021-10-22 12:20 | Report Abuse

Company worth RM10 but selling at 4.6x now...still ppl want to sell at this cheap price...dah gila tu

Posted by treasurehunt > 2021-10-22 12:25 | Report Abuse

Washing & churning volume...or distribution?

Posted by gozilla88 > 2021-10-22 13:17 | Report Abuse

Latest tips!!! Sell canone buy supermx now!!!!

Posted by treasurehunt > 2021-10-22 13:30 | Report Abuse

Tips oh.. I heard about this popular 'tip si' since 30 years ago.

Posted by treasurehunt > 2021-10-22 15:16 | Report Abuse

Momentum is back?

Posted by gohkimhock > 2021-10-23 15:20 | Report Abuse

Should not be afraid of holding this counter. It is undervalued..

Posted by gozilla88 > 2021-10-25 09:49 | Report Abuse

no value company. pity those who bought at 5level

Posted by treasurehunt > 2021-10-29 12:35 | Report Abuse

Thoroughly cleaning... soaking, rinse out, and removing.

Posted by treasurehunt > 2021-10-29 16:35 | Report Abuse

Heavy buying volume and price down & vice versa... Same pattern.. Hahaha

Posted by treasurehunt > 2021-10-29 20:04 | Report Abuse

The additional 9% windfall tax would be around 9 million provided Canone is able to achieve PBT 200 million in 2022. Minimal impact to mid company.

Posted by mcheat > 2021-11-03 11:58 | Report Abuse

@treasurehunt Can-One profit not entirely derived from Malaysia as Vietnam and Singapore contributed a sizable chunk of profit too.

Posted by treasurehunt > 2021-11-03 14:35 | Report Abuse

Mchea. Canone's Trading arm is located in Singapore. The entire purpose is to centralise the export sales from its Malaysia's operations to overseas customers The Trading arm earns the differences between higher selling prices to customers and intercompanies purchases.

Posted by Ooi Cheng Kee > 2021-11-03 15:04 | Report Abuse

Can one become Cannot one

Posted by mcheat > 2021-11-03 15:37 | Report Abuse

@treasurehunt Exactly, that's why they may not have big exposure to cukai makmur as sizable chunk of profit are not derived in Malaysia. Furthermore, the profit earned in Malaysia is captured in several entities instead of just one entity. Hence, taking into these consideration may not even have exposure to cukai makmur.

Posted by mcheat > 2021-11-03 15:39 | Report Abuse

Or i should not use the tëchnical term "derive".....i should use the term "captured" or "booked" in Malaysia

Posted by Value_Investor_888 > 2021-11-10 10:56 |

Post removed.Why?

Posted by gemfinder > 2021-11-15 10:42 | Report Abuse

luckily booked profit at 4.51. tq tq

Posted by mcheat > 2021-11-15 15:15 | Report Abuse

Just realise that there were some changes in the head of finance of both boxpak and canone earlier this year....both cfos left