The Board of Directors of CAB Cakaran Corporation Berhad ("CAB" or “the Company”) wishes to announce that CAB and FELCRA Food Industries Sdn. Bhd. (“FELCRA”) have through the non-binding letter of intent dated 7 April 2017 (“the Letter of Intent”) mutually agreed to explore the possibility of collaboration in the agriculture and aquaculture business activities.
Hi guys, Q2 FY17 result is expected to be better as compared to Q1FY17 result following the management is likely confident that average price for broilers for Q2 FY will be higher especially during Lunar New year and due to shortage in broiler supply.
Remember, only poultry division contributes much higher profit to the Company as compared to value added manufacturing & trading division (due to inefficiency of distribution and higher operation cost) and supermarket division ( due to higher food wastage and inefficiency of operation) which are recorded a less losses. However, the management is improving the efficiency of the distribution and reduce the operation cost and wastage in perishable food section via more promotion activities.
LATEST NEWS, CORPORATE CAB Cakaran, Felcra to explore collaboration in agri and aquaculture business By Sulhi Azman / theedgemarkets.com | April 7, 2017 : 6:40 PM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ KUALA LUMPUR (April 7): Food producer CAB Cakaran Corp Bhd has tied up with Felcra Food Industries Sdn Bhd to mutually explore the possibility of collaborating in the agriculture and aquaculture business activities.
In a filing with the stock exchange it announced that it has signed a non-binding letter of intent with Felcra.
“The company will make further announcements on the matter in the event both parties reach a formal agreement on this matter,” said CAB Cakaran, which operates 10 Kyros Kebab outlets Kuala Lumpur and Selangor.
Felcra Food Industries is a wholly-owned subsidiary of Federal Land Consolidation and Rehabilitation Authority (Felcra), the sister government agency of Federal Land Development Authority (Felda).
Prime Minister Datuk Seri Najib Razak had in December last year said Felcra would spearhead government efforts to reduce dependence on imported food and improve food security.
In 2015, Najib had said the food import value exceeded RM45.4 billion.
Of this, he said, RM5.2 billion was for staple food and edible product imports, RM3.4 billion for dairy products, RM1.8 billion for fruits and vegetables, and RM1.5 million for cocoa.
CAB Cakaran closed six sen or 2.59% up at RM2.38 today, giving it a market capitalisation of RM430.91 million.
oic, thx for your suggestion. We can always choose to sell at our desired target price. But very sorry for those who chase high, surely get trapped. But then for now lets further monitor the trend first, still early to say anything. In my humble opinion, I think the price shall traded in the range of 2.3x to 2.4x at the moment, before any momentum comes in. If the price fall below 2.3 then definitely its ugly.
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MQ Trader 3443 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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bing
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Posted by bing > 2017-04-07 10:24 | Report Abuse
That's why i only respect to DrWarrant! He buy he tell, he sell he also tell.
kakakaka....