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 > 1 month ago | Report Abuse

Yeoh is coming !!!

Posted by thesteward > 1 week ago | Report Abuse

Inventory of rm800m possibly are aluminum and tin?

Posted by thesteward > 1 week ago | Report Abuse

Inventory of rm800m possibly include aluminium a Tin. Undervalued