Posted by kiasuinvestor > 2016-05-06 18:41 | Report Abuse

i bought lot 100 to eat and it taste ordinary, nothing special. i also bought cocopie, the taste not so nice. and i notice cocopie is slightly cover by dust, seem like long time no one touch.

Posted by kakashit > 2016-05-07 11:38 | Report Abuse

There are only two things ppl will do, if they dont smoke, they'll eat sweets

Posted by Teo Hock Song > 2016-05-24 21:44 | Report Abuse

Waiting patiently for then QR

Posted by davors > 2016-05-24 22:38 | Report Abuse

hope good qr la~

Posted by Abudance > 2016-05-30 09:03 | Report Abuse

Usually announcement is in August.

Posted by Teo Hock Song > 2016-05-30 10:45 | Report Abuse

announcement in August? We still haven't get to know 1st QR

Posted by Teo Hock Song > 2016-05-30 10:47 | Report Abuse

2nd QR*

Posted by Abudance > 2016-05-30 22:58 | Report Abuse

Hock Song, dividend declaration is usually between 23-27 August each year. U can check it out in the disclosures.

Posted by Teo Hock Song > 2016-06-03 20:35 | Report Abuse

Good closing today

Posted by Chan SauWei > 2016-08-02 21:09 | Report Abuse

waiting for good QR result annouce.....wish the share price boom up............2.30++

Posted by littlelolita > 2016-08-04 18:43 | Report Abuse

they should export to canada
https://youtu.be/OS78TNJy_cY?t=97

Posted by omnigunk > 2016-08-16 12:05 | Report Abuse

Doing badly?

Posted by Godevil > 2016-08-17 16:25 | Report Abuse

what happening to coco, big sellers

Posted by Ah Ha > 2016-08-17 16:51 | Report Abuse

bad result for this Q.

Posted by Ah Ha > 2016-08-17 16:55 | Report Abuse

revenue drop and capex high... still not bottom yet.

Posted by NoSteveNoJohnnyNoBob > 2016-08-17 16:58 | Report Abuse

Ah Ha, doesn't make sense. This was the research report just a few months ago.

YTD 10 FY16 local sales value increased 12%. YTD 1Q FY16 operating margins came in at 16.5% vs 15.7% in YTD 10 2015. We expect operating margins of 14-18% to prevail over the next several quarters. Cocoaland has been taking steps to raise margins and is making good progress under very chal-lenging trading conditions. Exports account for about 52.5% of Cocoaland sales currently; however China demand is visibly slowing, so we have guided our sales forecast a bit lower. The strong USD, and the shift to own brand products have been beneficial for margins. See page five.
INVESTMENT RISKS
Risks to our recommendation and target price include: i) rising trends in material costs, ii) an increase in the general level of interest rates, and iii) a sharp slowdown in the general level of economic activity in Malaysia or in the economies of the company's major 'own brand' export markets -China/HK and the Middle East. See page five.
RECOMMENDATION
Major Shareholders (%)
Leverage Success Sdn Bhd 38 0
Fraser & Neave Holdings Bhd 27.2
Tan Booi Charn 2.6
FTSE-BURSA INDEX MEMBERSHIP
FBMKLCI 70 R3M I3A R3M HU RAH
No No Yes No
REPORT INDEX
We maintain our BUY recommendation on Cocoaland Holdings Bhd, but reduce our fair value estimate slightly to MYR 2.60. It is possible that the share price will surprise on the upside; sales growth and capacity utili-sation may accelerate more quickly than we expect. Cocoaland has very little debt on the balance sheet as well as plenty of cash.
Cocoaland has a clean balance sheet and a proven record of growing export sales (see page 5). Own brand exports are growing very strongly; and own brand margins are higher than OEM margins, implying more upside to profits. China/HK remains in the top spot as the company's largest export market, followed by Saudi Arabia in importance. Mean-while, management has been very diligent in developing the local market. Local sales rose about 12% YTD 10 2016 vs 10 YTD 2015.
COMPANY PROFILE
Cocoaland Holdings Bhd is ranked approximately in the middle of the thirty listed companies in the Malaysian snack food industry. The com-pany is one of the few home grown Malaysian consumer firms that have successfully penetrated regional markets. Cocoaland Holding's pred-ecessor company, MFESB, was formed in 1980. This company and others were consolidated and converted to a public limited company in 2000 under the name Cocoaland Holdings Bhd, prior to listing in 2005.

Posted by NoSteveNoJohnnyNoBob > 2016-08-17 16:59 | Report Abuse

Though Cocoland has made very good progress developing its export markets over the years, the slowdown in global trade has made itself felt even in the resilient snacks market. The demand slowdown in China is directly affecting demand for all sorts of Malaysian exports, ranging from electronic parts to palm oil. Consequently, export sales at Cocoloand are likely to remain soft for a few quarters. There are still a few pockets of export growth, but odds are that total export growth will be subdued. Like any well run company, Cocoaland is not simply sitting on its hands. Local sales grew 12% YTD 10 2016 vs YTD 1C) 2015 - an impressive achievement, especially when compared with the results of many other companies which have recently reported. In addition, Cocoaland has been making steady progress in Singapore, which is now a lop five' export market.
Cocoaland has plans to build an additional factory in Rawang, bringing the total number of factories to seven. This new factory will come on line in 2018. Also, Cocoaland will invest another MYR 5-10 mn in packing machines to increase production capacity. Meanwhile, Cocoaland has been making impressive progress selling its 'own brand' products in China/HK and the Middle East. YTD 10 2016 own brand sales accounted for about 64% of export sales, up from 54% YTD 1C) 2015. Cocoaland's management has made commendable progress in growing new markets under very challenging conditions whilst maintaining very respectable margins.
Looking ahead, we expect sales growth rates to range between 0-3% pa as the outlook for growth in Asia and elsewhere is softening. Investors should expect more bumps ahead, but any short term weakness in the share price may be prove a useful buying opportunity. USDMYR rates appear to be softening again, and thus exports may perk up a bit. Cocoaland has been fairly successful in growing its overseas sales as shown by the table below. This is quite encouraging for the medium and long term as the company's export market is potentially many times the size of its domestic market. There are very few 'home grown' companies in Malaysia that achieved the record of consistent export success shown below.

Posted by NoSteveNoJohnnyNoBob > 2016-08-17 17:03 | Report Abuse

CEO was on The Edge a week ago: This is the affected paragraph: http://www.theedgemarkets.com/my/article/‘refined-sugar-price-rise-30’

"Cocoaland Holdings Bhd executive director Lau Kee Von told The Edge Financial Daily that an increase in sugar price will have an impact on sugar-related food manufacturers, but it may not be significant for Cocoaland as the company’s pricing is based on international sugar prices.

Lau said major food exporters like Cocoaland have been trading sugar based on international prices instead of the government-controlled price.

He said companies that buy sugar based on the government-controlled price are mostly for local consumption, and they normally comprise small and medium enterprises. (SMEs).

Lau also noted that unlike most commodities, which saw their prices trending down, the raw sugar price has gone up this year. However, he said it is difficult to say whether the move by the government to raise the price now is justified."

Posted by payungbasah > 2016-08-17 17:16 | Report Abuse

文文问：可口食品业务进展如何？盈利可期吗？

文文问：
可口食品（COCOLND，7205，主板消费品组）业务进展如何？盈利可期吗？

答：受到生产成本增加以及削价战影响，可口食品赚幅受到挤压，遭到分析员下调财测。

根据大马投行的一份报告，该公司的生产原料如白糖、可可以及包装原料价格预料平均将会增加10%，加上自7月1日起最低薪金调高11%以及外国雇员人头税调高48%也对公司营运造成压力。

该行下调其2016至2018年赚幅预测6至8%。

尽管内政部取消制造业外劳聘请冻结令，但管理层仍表示雇员聘请方面仍存在问题。

另外，该公司货物销售成本（COGS）也增加，这反映在该公司第一季毛利赚幅按年下挫2基点至28%。

虽然营运环境挑战重重，管理层仍认为公司今年获利表现仍符合预期。分析员预测可口食品第二季获利表现，将在下半年传统表现较佳时期之前获得改善。

市场对可口食品产品反应十分好，特别是出口市场方面，主要受到广告和促销活动支持。占了可口食品总销售30%软糖赚幅依然乐观，但是占了20%营业额饮料业务则预料表现平平，主要是因为该公司与Pt Asahi的合约到期以及受到削价战影响。

此外，该公司位于金宝工厂的总值100万令吉火险索偿已经在今年第一季进账。去年10月发生的火灾对于该公司生产线，并没有影响，因为相关制造订单皆可以转移至万挠工厂生产。

未来更专注国外市场

相比其国内，该公司未来会更专注国外市场，该公司目前销售有高达53%来自于外国市场。该公司目前正致力提高中国和印尼市场的产品知名度，并打算在新市场推出新产品，韩国是他们其中一个目标。

另一方面，为了更好管理外汇曝险，该公司将占了出口20%中国市场销售以人民币结算，65%出口产品以美元结算，剩余部份则以新币和港币结算。

财务方面，该公司处于净现金状态，同时每年大约4%周息率以及低资本开销也相当吸引人。

大马投行维持可口食品“买进”评级不变，合理价为2令吉60仙。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2016.08.07

Posted by payungbasah > 2016-08-17 17:23 | Report Abuse

FifthPerson：可口食品(Cocoaland Holdings)七个月内带来65%回报
股市资讯研究团队股市资讯研究团队 2016年 07月 27日 热门股票
本文由FifthPerson提供

笔者很喜欢吃Lot 100品牌的糖果，尤其是芒果口味的。我们在新加坡的邻里杂货店通常都能买到Lot 100糖果，如果仔细看一看糖果包装，原来马来西亚上市公司可口食品(Cocoaland Holdings)是这些糖果的生产商。投资于日常消费品与服务的业者是赚取回报的一种方法，而可口食品就是一个好例子。

图片来源：可口食品
图片来源：可口食品
笔者于2015年初进场买入可口食品的股票，并在大约七个月后把股票卖掉，当时赚到的利润相等于本钱的65%，并且是已扣除了经纪费用和外汇换算支出。希望大家能从笔者对可口食品的分析和投资经验中获益。

可口食品的业务是生产一系列的甜食，包括糖果、零食、威化饼、曲奇、汽水和果冻等等。公司也涉足于企业对企业的电子商贸市场，并为GlaxoSmithKline、花莎尼控股(Fraser & Neave)、利宾纳(Ribena)、Pokka及Coffee Bean等企业代工生产瓶子。

众所周知，甜食市场的竞争十分激烈。到任何一家超市的糖果部逛一逛，我们不难发现玲琅满目、不同品牌的各种甜食。这些皆是可口食品的竞争对手。作为一家规模不算大的业者，或许我们会认为可口食品与业界内的巨头较劲是鸡蛋碰石头。

与其直接把这只股拒于门外，笔者对这家公司作了一些功课，看看它到底有什么特点。公司的收入和盈利在FY08至FY13之间的五年里翻了一倍尤其吸引笔者的注意：

FY08收入及净利：1亿2,900万令吉/900万令吉
FY13收入及净利：2亿5,400万令吉/1,800万令吉
收入增幅：98%
净利增幅：100%

在经过一些研究之后，笔者发现，可口食品取得成功的一大原因是其管理层能够不断地扩大分销网络。其产品不仅仅在新马两地的霸级市场、超市和杂货店均有出售，这些产品也出口至中东、香港、台湾及越南等40多个地方，甚至是网购巨头亚马逊(Amazon.com)的平台上也可以买到可口食品的产品！

可口食品是由刘氏九兄弟在经营，他们合计持有公司的54.4%股份。他们九人在开发和营销自家品牌方面功不可没，像Lot 100、fruit10及Sour+等品牌都是他们经过一番努力之后的杰作。

大马花莎尼控股于2010年入股可口食品成为大股东之一，拥有可口食品的23.08%股份。花莎尼在大马及东南亚拥有最大的分销网络之一。在这个行业大哥的协助下，可口食品的分销渠道日益扩大。这是它能够大大地加强其“经济护城河”的主要因素。

cocoaland-revenue-net-profit-chart

财务表现方面，可口食品在2006至2013年之间录得销售额步步高升。其2008年的净利润率下跌7%，由于当时它大手笔斥资在大马及国际市场打广告和搞促销。公司的净利润率继而在2011年回升至11%。在花莎尼的慷慨投资下，可口食品于2012及2013年积极地拓展业务，因此其2013年的业务开创成本攀升，令其净利润率回落至7%。

cocoaland-net-margin

笔者对这只股作出分析的时候，适逢可口食品公布其9M14的财报：

9M13收入及净利：1亿8,800万令吉/1,400万令吉
9M14收入及净利：1亿8,800万令吉/1,200万令吉
收入变化：0%
净利变化：下跌14%

其业绩差强人意，收入仅仅持平，但投资者预期的是有所增长。更糟的是，同期的盈利下跌14%。公司的出口销售额占其总销售额的35%至40%，而美元走弱影响了其表现，并导致其股价下跌。

公司管理层解释道，盈利下跌的主因是，大马当局于2013年1月1日开始实施最低工资政策，这令公司的业务开创成本和日常开支增加。公司也在越南、印尼及中国等市场积极地进行推广和营销活动。这些开支对公司未来的增长及盈利潜力起着一定的作用，相信其业绩将在几年之后恢复正常水平。

若把公司盈利所面对的短期压力排除在外，公司的资产负债表显示它并没有任何债务，其流动资产与负债比为3.5比1。自2010年起，可口食品每年都有派息，从2010年的每股4.4仙(0.044令吉)提高至2013年的6.5仙。其派息比例也一直保持在50%到60%之间。

公司也说过，它不会在2014年作出任何大型投资，直至盈利稳定下来为止。这表示，管理层正致力于提高公司的净利润率。由于2014年并没有任何庞大的资本开支，所以公司得以把任何多余的资本派发给股东。即便公司无法在短期内提高盈利，它也能在能力范围以内提高派息比例来维持每股股息的水平。

可口食品于2015年1月2日的股价为1.52令吉，相等于笔者的经调整现金流的8倍。笔者对这样的估值十分满意，这只股的4.3%股息获益率也算诱人，因此便进场买入这只股。

可口食品股价。来源：金融时报
可口食品股价。来源：金融时报
在持有这只股的几个月后，它于2015年5月获得投资基金Navis Asia以每股2.20令吉把它私有化的提议。一个星期之后，公司又获得印尼富商林逢生旗下第一太平(First Pacific)以每股2.70令吉把它私有化的献议。笔者趁此良机以每股2.68令吉把手上的可口食品股票脱手，从中赚了65%的回报。

按笔者的经验而言，当一只股的股价升幅比其基本面增长高出许多时，我们必须认真考虑是否要继续持有这只股。另一方面，在股价达到目标价时回吐套利是笔者的投资策略，以释放相关股票的投资价值。

在把股票卖掉之后，可口食品的股价甚至还升至2.94令吉。不过第一太平最终撤消其私有化收购献议。可口食品也宣布以1配3的形式发红股。其FY15盈利回升，由于之前的投资有助其厂房利用率提高；原料(白糖)成本减低；以及令吉兑美元走弱。

展望未来，公司管理层预期其出口至中国的销售额将会提高。但笔者有其他方面的顾虑。FY15的盈利提高是因白糖价格特别便宜及令吉走弱。笔者不认为白糖价格将会持续偏低。一旦白糖价格回升，可口食品的短期盈利将受到冲击。

投资锦囊

上述的个案研究显示，赚取格外丰厚的回报是可能办到的事，甚至是在短短几个月的时间内也可能办得到！你必须做的是，在股市中找到这样的良机。

但多数人面对的问题是，要物色到像可口食品这样的机会需要花很多时间来查找资料和进行研究，而许多全职工作人士缺乏的就是时间。即使你有的是时间，自己做研究和分析也是一件十分繁杂累人的事，并非每个人都愿意去做。

文章链接：http://cj.sharesinv.com/20160727/37037，所有文章均为本网站原创，转载请注明来源，作者信息并保留文章链接。

Posted by lkwah86 > 2016-08-17 17:53 | Report Abuse

long time no eat lot 100... haha

Posted by limweebeng > 2016-08-18 16:48 | Report Abuse

drop like hell.

Posted by Godevil > 2016-08-18 16:56 | Report Abuse

don't worry, good company and management. can collect if not over expose.

Posted by omnigunk > 2016-08-18 18:19 | Report Abuse

Should i sell? Lucky my exposure in this company very low.

Posted by limweebeng > 2016-08-18 20:50 | Report Abuse

Drop like no tomorrow.

Posted by smalltimer > 2016-08-19 00:00 | Report Abuse

Wen next q announcement?

Posted by Pici > 2016-08-19 11:26 | Report Abuse

Any idea? Why the price drop like hell?

Posted by syedded > 2016-08-19 11:26 | Report Abuse

good time to buy?

Posted by Teo Hock Song > 2016-08-19 13:54 | Report Abuse

Might be bad qr expecting.

Posted by Ah Ha > 2016-08-22 10:23 | Report Abuse

USD go down to Rm3.99.. impacted.

Posted by Hk Wong > 2016-08-27 21:56 | Report Abuse

Fund manager selling rhb

Posted by Teo Hock Song > 2016-08-29 18:04 | Report Abuse

Not bad QR

Posted by latlut > 2016-08-29 18:19 | Report Abuse

but no dividend?

Posted by Invest1188 > 2016-08-29 22:33 | Report Abuse

dividend later

Posted by yewniengwei2693 > 2016-08-31 15:05 | Report Abuse

Why not announce with QR?

Posted by Superb99 > 2016-09-05 11:10 | Report Abuse

this counter is really quiet...I just bought some...potential counter

Posted by Superb99 > 2016-09-05 11:57 | Report Abuse

I think it can easily back to RM2

Posted by Superb99 > 2016-09-09 12:11 | Report Abuse

how come this counter is so slow and quiet? if it does not want to go up, please go down for me to collect more...lol

Posted by Superb99 > 2016-09-09 12:11 | Report Abuse

please drop below 1.9

Posted by Hk Wong > 2016-09-09 16:21 | Report Abuse

collecting now

Posted by omnigunk > 2016-09-14 11:49 | Report Abuse

no dividends?

Posted by Superb99 > 2016-09-15 08:34 | Report Abuse

buy more before it shoot up again

Posted by Superb99 > 2016-09-15 12:41 | Report Abuse

I will collect more so long the price is below rm2

Posted by Hk Wong > 2016-09-21 10:39 | Report Abuse

Several consumer goods in talks to buy malaysian based cocoaland the Wall Street Journal reported on Sept. 15. The financial terms of the deal were not disclosed, citing people familiar with the matter.
Cocoaland deserves a premium valuation due to its attractive dividend yields of 4%, debt free position, strong brand value and rising global position. Its valuations are also supported by its position as a takeover target and exporter in a defensive sector (F&B).

Posted by Hk Wong > 2016-09-22 16:12 | Report Abuse

1.96

Posted by Hk Wong > 2016-09-26 10:23 | Report Abuse

No more takeover target say Cocoaland ED

Posted by davors > 2016-09-26 11:36 | Report Abuse

http://www.theedgemarkets.com/my/article/no-more-takeover-offers-says-cocoaland%E2%80%99s-ed

Posted by Hk Wong > 2016-09-26 15:28 | Report Abuse

KUALA LUMPUR: After being the subject of two failed takeover bids last year, snacks and candy maker Cocoaland Holdings Bhd said it will not consider anymore takeover offers — at least for now — and will concentrate instead on expanding its business.

“We are not considering anymore offers now as we don’t think we can get a good price under the current prevailing market condition,” said its executive director (ED) Lau Kee Von in a recent interview with The Edge Financial Daily.

“It would be a waste of time for us to spend our time discussing another takeover offer, which may turn out to be nothing eventually,” Lau said.

Hence, he said it would be better for him and his eight siblings to focus on their business and expand the company’s market share. He also gave assurance that there is no need to worry about the company’s succession plan.

“My youngest brother is only 40 years old and each of us has several children that we can groom to take over the business,” Lau said, although he admitted that none of the second generation had expressed their interest in taking over the business so far.

Cocoaland is controlled by Leverage Success Sdn Bhd, which has a 38% stake. The shareholders of Leverage Success are Lau and his brothers Liew Fook Meng, Liew Yoon Kee, Lau Pak Lam, Lew Foo Chay @ Lau Foo Chay and Lau Kwai Choon.

The second-largest shareholder of Cocoaland is Fraser & Neave Holdings Bhd, with a 27.19% stake.

Since 2014, Cocoaland’s management has been on the lookout for buyers to take over the company, citing the lack of successors to take over the business.

News reports in April 2015 said it was in talks with Swedish private equity group EQT Partners to dispose of a controlling stake in the company, though no firm offers were disclosed.

On the heels of that, the company received a takeover offer amounting to RM377.52 million or RM2.20 per share from Navis Asia Fund VII, LP. But the board decided to reject the offer in May that year.

A month later, it got a takeover offer from Hong Kong-listed First Pacific Co Ltd to acquire its entire business for RM2.70 per share or RM463.32 million, cash. But First Pacific, which is controlled by Indonesian tycoon Anthony Salim, withdrew its offer a month later, saying Cocoaland’s product range did not meet its overall regional food expansion plans.

Meanwhile, Lau shared Cocoaland will introduce a new series of “healthy” gummy candies — including collagen gummy, vitamic C gummy, multivitamin gummy and a calcium gummy — in the domestic market by the first quarter of 2017.

This, he said, is to tap the middle to higher-end market segments, where the company has no presence currently, and to capture more market share as consumers become more health-conscious.

More interestingly, Lau said the company plans to sell the new gummy candies solely on a new e-commerce platform to be established, eschewing the usual supermarket channel.

“The costs of production for the new products are relatively higher compared with normal gummy products. To keep the price affordable, we think it would be good to sell them via the online platform,” he explained.

The platform is in the making, he said, and should be ready early next year. However, he declined to share the capital outlay required for the new product range and e-commerce platform, or any expected sales figure.

For the first half ended June 30, 2016 (1HFY16), its net profit gained 20% year-on-year to RM18.67 million from RM15.56 million due to lower freight and forwarding charges and foreign exchange gain, while revenue stayed largely flat at RM129.89 million compared with RM129.41 million previously.

Aside from expanding its local market, Lau said the company will intensify its advertising and promotion campaign in China to capture more market share.

“We have now established our presence in almost every province in China,” he said. The company hopes to see between 10% and 20% sales growth in the country each year.

Besides China, which is its biggest overseas market, Cocoaland is also exporting its products to the Middle East, Indonesia, the US and Europe.

In a report dated Aug 29, 2016, Wilson & York Global Advisers Sdn Bhd maintained its “buy” call on Cocoaland, with a higher target price of RM2.78 from RM2.60 previously, after projecting that the company’s sales growth and capacity utilisation may accelerate faster than expected.

The research outfit also noted that the gummy and jelly maker is shifting to its own brand products, which have been beneficial for margins, citing the 12.7% jump in local sales value in 1HFY16.

Though it expects annual sales growth to be muted (0% to 3%) for the next few quarters as growth outlook in Asia and elsewhere softens, it said any short-term weakness in Cocoaland’s share price may be a good chance to buy.

Cocoaland shares closed down one sen or 0.51% at RM1.95 last Friday, valuing it at RM446.16 million.

Posted by Hk Wong > 2016-10-07 09:49 | Report Abuse

i find out that cocoaland help to manufatured ribena plastic bottled drinks, Lucozade drinks for suntory b&f malaysia sdn bhd

Posted by Hk Wong > 2016-10-12 10:47 | Report Abuse

Cocoaland is currently trading at undemanding FY16-
FY18F PEs of 12-14x, which are below the group's 5-
year mean of 17x. We think that Cocoaland deserves a
premium valuation due to its 4% attractive dividend
yields, debt-free balance sheet, and strong brand value
and rising global position.