Posted by treasurehunt > 2023-12-01 10:06 | Report Abuse

Able global do well in tin can manufacturing even if the operation is much smaller than CanOne.

Posted by goody99 > 2023-12-01 10:23 | Report Abuse

Since the new aluminium can plant in USA is going to be loss making for a few years, maybe it is a good idea to sell now and buy back later.

Posted by treasurehunt > 2023-12-01 10:39 | Report Abuse

Its Myanmar aluminium can business has hit the snag due to political uncertainty. The first loss making entity in aluminium can, US is another loss making operations too.

Posted by mcheat > 2023-12-01 11:04 | Report Abuse

@treasurehunt With a result like that, and with high gearing, and the experienced president leaving, the future is bleak for the group if run by Yeoh family. I will be surprised if their financiers will not be concerned.

Posted by treasurehunt > 2023-12-01 11:30 | Report Abuse

Mcheat. Put it simple, Yeo family doesn't have sufficient expertise in managing the can manufacturing business.

Posted by treasurehunt > 2023-12-01 18:54 | Report Abuse

Yeoh did exceptionally well in trading and marketing business. He disposed 60% stakes in KingKoil for RM 116 million and condensed milk operations for RM 900 million in 2016. The biggest joke was he went into headache can manufacturing business through acquisition of Kian Joo.

Posted by fengtzekai > 2023-12-02 22:01 | Report Abuse

Yeoh made big fortune out of his investment in Can One and Kian Joo. But the guys who helped him left. Whether he and his family have enough expertise to run the business is questionable. The new finance team seems to only know how to kitchen sink it seems….

Posted by treasurehunt > 2023-12-04 16:57 | Report Abuse

The can factories in Kian Joo are far more diversed than original Can One. Production of cans ranging from exploiting high speed machine and low speed junks for big cans. Complex and messy. Being a CEO in CanOne is a life suffering job. Hahaha

Posted by ngyewchai76 > 2024-02-26 16:39 | Report Abuse

Yeoh is coming !!!

Posted by thesteward > 2024-04-12 09:25 | Report Abuse

Inventory of rm800m possibly are aluminum and tin?

Posted by thesteward > 2024-04-12 09:44 | Report Abuse

Inventory of rm800m possibly include aluminium a Tin. Undervalued

Posted by sheldon > 2024-05-14 21:07 | Report Abuse

What could possibly suddenly excite investors about this co? A freak spike in profitability? Another but generous dividend in the offing?

Posted by Dehcomic01 > 2024-08-02 13:47 | Report Abuse

Can One – can it remain No 1?

There was a change in the business profile of Can One in 2019. Post-2019, the average returns over the past few years were lower than the respective cost of funds, implying that there was no shareholders’ value creation.

While the Group is financially sound, there are no signs of improving operating performance.

The Group may be the biggest packaging company on Bursa Malaysia but size alone does not mean that it is a wonderful company in the Buffett sense.

Nevertheless, the market is pricing the company below its NTA. From a brick-and-mortar company perspective, this does not make sense unless you think that its assets are going to be impaired. https://www.youtube.com/watch?v=1f1GKKROsRQ

Posted by sheldon > 3 weeks ago | Report Abuse

What's the best strategy for this Co with fluctuating results from good to very bad? Given that its NTA is way above the share price, more so that a big chunk of real estate assets were not revalued for decades - its management should take initiatives to sell pieces of its massive real estate and realise some capital gains.

Use the gains / proceeds to reward the long-sufferring shareholders with nice fat dividends. Some companies have done likewise. Take Apollo for instance. What say you?

Posted by dompeilee > 3 weeks ago | Report Abuse

After earning from CanOne selling 1/3 on 8/1/17 above $3, 1/3 above $3.50 on 7/6/19 & 1/3 on 24/9/21 @ $3.85, I will wait for disappointed holders to throw all the way down to $1.8 give or take 20c b4 re-purchasing again! 😊

Posted by mcheat > 3 weeks ago | Report Abuse

This company is a piece of joke. Loss RM100 mil in a single quarter due to forex loss, albeit unrealised, indicated that their forex management is extremely lousy. There is another RM16.5 million forex loss buried under other comprehensive income!

However with US stengthening now, the unrealised losses will be reversed but the forex management is lousy!