CCK CONSOLIDATED HOLDINGS BHD

KLSE (MYR): CCK (7035)

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Last Price

0.715

Today's Change

+0.03 (4.38%)

Day's Change

0.685 - 0.715

Trading Volume

1,568,500


3 people like this.

3,453 comment(s). Last comment by BursaKakis 3 hours ago

Posted by iknbilis > 2022-01-03 17:07 | Report Abuse

good time to chip in? any advice?

Posted by invest2011 > 2022-02-23 17:06 | Report Abuse

Coming Q4 result should be favorable !

DickyMe3

658 posts

Posted by DickyMe3 > 2022-03-31 18:19 | Report Abuse

Glory days returning after April 15th.

Posted by lespaul1985 > 2022-05-26 19:16 | Report Abuse

Glory result indeed

CurryBento

344 posts

Posted by CurryBento > 2022-06-09 13:18 | Report Abuse

chicken chicken egg egg

after so many years, finally 扬眉吐气

PunTatBerSiul

1,001 posts

Posted by PunTatBerSiul > 2022-06-22 21:33 | Report Abuse

Chickens clucking! It's wonderful music.
Cluck! Cluck! Clucketty cluck!

adikkici

545 posts

Posted by adikkici > 2022-06-23 11:33 | Report Abuse

Cck follow layhong

adikkici

545 posts

Posted by adikkici > 2022-06-24 09:11 | Report Abuse

Ini director tak support company sendiri ke? Benda tengah panas dia boleh duduk senyap

aireez

305 posts

Posted by aireez > 2022-06-24 22:06 | Report Abuse

DJIA touch 31 K
Monday start rebound !
lalalalalallaaaa .....
60cts ++ open lorrr

aireez

305 posts

Posted by aireez > 2022-06-24 22:43 | Report Abuse

hope tonight DJIA can hit 31.5 K
welcome foreign fund investor to BSKL

CurryBento

344 posts

Posted by CurryBento > 2022-06-30 13:28 | Report Abuse

i thought eggs is going to shine hahahaha

aireez

305 posts

Posted by aireez > 2022-07-02 10:34 | Report Abuse

MACD never apply to this counter lorr
soon or sonner it will reach and and play at 60cts++
so ... i hope more share to be sell at cheap price to me to accumulate

aireez

305 posts

Posted by aireez > 2022-07-02 10:41 | Report Abuse

current crisis will never harm CCK at all
but ... giving CCK a big room to moving up gradually to hit at least 72cts near future

gohkimhock

2,547 posts

Posted by gohkimhock > 2022-07-02 11:17 | Report Abuse

This is a defensive counter. Nice one. I would say better than those consumer counters involved in confectionery or fcmg. Almost an essential category.

DickyMe2

1,507 posts

Posted by DickyMe2 > 2022-07-05 09:33 |

Post removed.Why?

CurryBento

344 posts

Posted by CurryBento > 2022-07-13 13:29 | Report Abuse

when egg rise, usually is market bad time hahahaha

CurryBento

344 posts

Posted by CurryBento > 2022-07-13 13:30 | Report Abuse

congrats those who patient and park their money here

CurryBento

344 posts

Posted by CurryBento > 2022-07-28 12:25 | Report Abuse

yo arse

Legend

4,119 posts

Posted by Legend > 2 months ago | Report Abuse

Sapuuuu la apa tunggu

UnicornP

2,434 posts

Posted by UnicornP > 2 months ago | Report Abuse

Will go 1

UnicornP

2,434 posts

Posted by UnicornP > 2 months ago | Report Abuse

Looks like the buying was spurred by the RHB article.

winlast

498 posts

Posted by winlast > 1 month ago | Report Abuse

woom, go

winlast

498 posts

Posted by winlast > 1 month ago | Report Abuse

today technical correction, tomorrow going up again

winlast

498 posts

Posted by winlast > 1 month ago | Report Abuse

yeah g o going up towards RM 67cents

Patron

1,080 posts

Posted by Patron > 1 month ago | Report Abuse

PTRB & CCK have been moving together closely..

Posted by constantine007 > 1 month ago | Report Abuse

CCK warrant hardly move...

Patron

1,080 posts

Posted by Patron > 1 month ago | Report Abuse

Egg subsidies has been increased from 3c / pc to 8c / pc !
Chicken export has been lifted !
Time to buy poultry stocks!

chon99

332 posts

Posted by chon99 > 1 month ago | Report Abuse

Take a look at the comments on Budget 2023 by BUSINESS TODAY.

Then you will have a better idea as how important is the food industries to Malaysia.

Incidentally, CCK is one of the food industries within the food and beverage sector.

chon99

332 posts

Posted by chon99 > 1 month ago | Report Abuse

Sooner or later CCK will rebound to a higher level.

Hope the share will be well sought after like fruitcakes, yummy and mouth watering.

fruitcake

583 posts

Posted by fruitcake > 3 weeks ago | Report Abuse

common indicators heading south. price weakness for now

CurryBento

344 posts

Posted by CurryBento > 3 weeks ago | Report Abuse

telur bawangggggggg

CurryBento

344 posts

Posted by CurryBento > 3 weeks ago | Report Abuse

next tp 0.62

CK Jeff

1 posts

Posted by CK Jeff > 3 weeks ago | Report Abuse

will increase soon...

fruitcake

583 posts

Posted by fruitcake > 2 weeks ago | Report Abuse

how do you expect investors to buy this kind of stock for investment. no capital appreciation & what not. even there is how far can it go. seriously don't waste the investors' time

Target1

121 posts

Posted by Target1 > 6 days ago | Report Abuse

$$$$$$$$$$$$$$$$$$$

Posted by Srsm Trader > 5 days ago | Report Abuse

looking good.

fruitcake

583 posts

Posted by fruitcake > 2 days ago | Report Abuse

ain't go far. farthest 0.70

TSHRicky

154 posts

Posted by TSHRicky > 1 day ago | Report Abuse

The Domestic Trade and Consumer Affairs Ministry has issued compound notices totalling RM534,200 to 2,205 producers, wholesalers and retailers of chicken and eggs from Feb 2 until Monday (Nov 28)

TSHRicky

154 posts

Posted by TSHRicky > 1 day ago | Report Abuse

The ministry's chief secretary Datuk Azman Mohd Yusof said the compounds were issued through 2,205 enforcement actions against profiteering in subsidised price-controlled products throughout the period

fruitcake

583 posts

Posted by fruitcake > 1 day ago | Report Abuse

target hit. sell

fruitcake

583 posts

Posted by fruitcake > 5 hours ago | Report Abuse

target hit. sell again

BursaKakis

136 posts

Posted by BursaKakis > 3 hours ago | Report Abuse

TP 1.03 by CgsCimb on 25 Nov 2022

BursaKakis

136 posts

Posted by BursaKakis > 3 hours ago | Report Abuse

CCK Consolidated Holdings
3Q22: Robust results from retail and poultry
■ 9M22 core net profit of RM36m (+102.6% yoy) was above expectations, due
to better-than-expected results from its retail and poultry segments in 3Q22.
■ We expect CCK to record slightly weaker qoq results in 4Q22F, due to higher
input costs (weak ringgit) and seasonally slower sales.
■ Reiterate Add, with a higher TP of RM1.03 (12x CY24F P/E).
9M22 core net profit rose 102.6% yoy, beating expectations
3Q22 core net profit came in at RM13m (+106.3% yoy), after accounting for one-off gains
of RM13.4m (gain on disposal of investment properties of RM6m and estimated RM7.5m
in subsidies from the government in relation to the price ceilings on chicken and eggs).
This brought 9M22 core net profit to RM36m (102.6% yoy); above expectations at 83.8%
of our and 86.5% of Bloomberg consensus full-year estimates. The earnings beat in 3Q22
was due to stronger-than-expected contribution from its retail and poultry divisions. We had
expected weaker sales volume from both segments due to surge in feed cost prices.
3QFY22: Stronger qoq performance across all divisions
On a qoq basis, 3Q22 revenue and core net profit rose 12.2% and 10.8% respectively.
Retail segment’s 3Q22 EBIT rose 87.4% qoq to RM27m, owing to: i) better overall cost
control and ii) margin enhancements from selling price hikes. Poultry segment’s 3Q22 EBIT
rose to RM7.3m, lifted by the government subsidy of RM7.5m. Excluding this, the segment
would have posted a 3Q22 EBIT of -RM0.2m, still narrower than the -RM0.8m in 2Q22,
thanks to higher selling prices. Prawn segment’s 3Q22 EBIT expanded to RM2.1m (>100%
qoq) owing to the maiden contribution from PT Bonzana, an Indonesia prawn processing
plant whose acquisition it completed in 3Q22. Food service segment’s 3Q22 EBIT rose
58.7% qoq, thanks to higher demand from schools (increase in student activities).
Expecting a slightly weaker 4Q22F qoq
We expect CCK to record a slightly weaker core net profit qoq in 4Q22F, premised on: i)
weaker sales owing to lower consumer affordability (reduced spending power amid
inflationary pressures), ii) higher input costs from a weaker ringgit, and iii) seasonally
weaker performance from its food services unit (lower demand from school due to festive
and year-end school holidays) and prawn segment (weaker demand due to seasonality
factors). Nevertheless, we project CCK to post net profit growth of 6.6%/5.7% in
FY23F/24F, to be mainly driven by its retail (more store openings), poultry (lower feed cost
prices) and prawn (full contribution from PT Bozana) segments.
Maintain Add, with higher TP of RM1.03 (12x CY24F P/E)
In tandem with the 3Q22 results beat, we raise our FY22-24F EPS to account for higher
contribution from its retail and poultry segments. Accordingly, our TP rises to RM1.03 (12x
CY24F P/E, its current 5-year mean), and we keep our Add call. Besides its attractive
valuation (7.7x CY23F P/E, a 35.8% discount to its 5-year mean), we like CCK for: i) the
defensive nature of its retail business, ii) its captive market in East Malaysia, and iii) the
inelastic demand for poultry goods in Malaysia.

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