Mr. Adam Pandian is Group Chief Executive Officer of Kawan Food Berhad since January 1, 2024 and was its Executive Advisor to the Executive Chairman & Head of Transformation since joining in April 2023 until January 1, 2024. He has management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods. Starting his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director for Greater China and Southeast Asia for Kellogg. Prior to joining Kawan in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MD’s office where he served in change management, business turnarounds and driving group synergy across operating divisions. He finished Advanced Management Program by Prof. Peter Doyle, University of Warwick; Creating Competitive Advantage by Prof. Karl Moore, Oxford University; Strategic Management for HiPos, by Saatchi & Saatchi; Leaders developing Leaders Program, Kellogg Leadership Academy; Kellogg Leadership coaching; Howard Epstein (New York) and Graham Richardson (Sydney). He has Bachelor of Business Administration from National University of Singapore.
Top 24 shareholders own 80.66% of the company Ownership Name Shares Current Value Change % Portfolio % 36.1% Gfg Foundation, Endowment Arm 126,257,402 RM229.8m 0% no data 17.7% Nareshchandra Nagrecha 62,001,200 RM112.8m -13.9% no data 7.29% Thiam Gan 25,490,799 RM46.4m 0.07% no data 5.57% Public Mutual Bhd. 19,454,899 RM35.4m 0% 0.22% 2.9% Hun Soon Lim 10,137,028 RM18.4m 32.7% no data 1.67% Poh Ying Kong 5,834,100 RM10.6m 0% no data 1.35% Kumpulan Wang Persaraan 4,707,933 RM8.6m 0% 0.01% 1.32% Chung-Chen Wu 4,626,000 RM8.4m 0% no data 1.05% Eastspring Investments (Singapore) Limited 3,667,400 RM6.7m 0% 0.01% 0.93% UBS Asset Management AG 3,262,500 RM5.9m 0% no data 0.8% Tsai-Tien Chen 2,792,466 RM5.1m 0% no data 0.75% Peter Chiang 2,604,000 RM4.7m 0% no data 0.62% Kamal Shah 2,168,382 RM3.9m 0% no data 0.6% Maybank Asset Management Group Bhd. 2,112,600 RM3.8m 0% 0.62% 0.59% Kah Yin Yoong 2,070,000 RM3.8m 0% no data 0.59% Chia-Lung Wu 2,051,682 RM3.7m 0% no data 0.37% PHEIM Asset Management Sdn Bhd 1,293,100 RM2.4m 0% 1.11% 0.15% RHB Asset Management Sdn Bhd 516,100 RM939.3k 0% 0.07% 0.066% BOS Wealth Management Malaysia Bhd. 230,700 RM419.9k 0% 0.25% 0.048% SEI Investments Company 166,200 RM302.5k 0% no data 0.038% Acadian Asset Management LLC 132,700 RM241.5k 0% no data 0.035% Ka Gan 121,220 RM220.6k 0% no data 0.029% Fidelity International Ltd 99,600 RM181.3k 0% no data 0.022% Amanah Raya Investment Management Sdn Bhd 78,000 RM142.0k 0% 0.05%
Kawan Food Berhad, a company specializing in frozen food, has shown remarkable growth due to several key factors:
1. **Product Quality and Range**: Kawan Food Berhad offers a wide array of high-quality Asian delicacies that appeal to a global market. Their commitment to authentic and affordable products has helped them establish a strong presence in the frozen food industry¹.
2. **Innovative Manufacturing**: The company operates out of a state-of-the-art factory in Pulau Indah, Klang, which allows for efficient production and innovation in their product lines¹.
3. **Market Expansion**: Kawan Food Berhad has been successful in expanding its geographical footprint. They have managed to penetrate new markets, including South America, contributing to their growth⁵.
4. **Consumer Preferences**: There has been a shift in consumer preference towards convenient and longer shelf-life food items, especially due to the Covid-19 pandemic. This trend has favored the demand for Kawan Food Berhad's frozen products⁴.
5. **Financial Management**: The company's financial strategies, including adjustments in selling prices and achieving greater economies of scale, have been pivotal in improving margins and sustaining growth³.
These factors combined have contributed to Kawan Food Berhad's continued growth in the competitive food industry.
Let’s explore why wars might have a positive impact on Kawan Food’s products, the frozen food manufacturer:
Shift in Consumer Habits: During wars or crises, consumer habits often change. The popularity of frozen food tends to increase as people seek convenient, long-lasting options. Kawan Food’s products, including roti, paratha, and spring rolls, fall into this category. Robust Demand: Despite disruptions to production facilities during the Covid-19 pandemic, Kawan Food experienced strong demand. Orders were not canceled, and the company even increased its market share in the domestic market. Before the pandemic, Kawan Food held about 60% of the domestic market share. Backlog of Orders: Temporary closures and workforce restrictions led to a backlog of orders from both local and overseas customers. Kawan Food’s utilization rate is expected to rise as it resumes production at full capacity. New Products and Export Markets: Kawan Food’s growth prospects lie in new products and export markets. South America, its newest overseas market, is expected to contribute positively. The company’s ability to secure new workers and increase headcount will boost production. Embracing Industry Revolution 4.0: Kawan Food is adopting digitization and efficiency-enhancing projects. These initiatives reduce wastage, improve production efficiency, and lessen reliance on manpower. In summary, wars indirectly drive demand for Kawan Food’s frozen products due to changing consumer habits, leading to a positive outlook for the company. 🌟🍽️🚀
Member of Indices Consumer Products & Services ISINMYL7216OO004Stock ExchangeBMListed OnMain MarketSectorConsumer Products & ServicesSub-SectorFood & BeveragesCurrencyMYRShares Per Lot100Share Issued363.486mPar Value-Paid Up Cap0.000Market Cap676.085mEntitlement-SyariahYes
Subject PART A - CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND PART B - STATEMENT TO SHAREHOLDERS IN RELATION TO PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES.
Please refer attachment below.
Attachments KAWAN FOOD BERHAD - CIRCULAR AND STATEMENT TO SHAREHOLDERS.pdf 661.5 kB
Announcement Info Company Name KAWAN FOOD BERHAD Stock Name KAWAN Date Announced 30 Apr 2024 Category Document Submission Reference Number DCS-30042024-00227
7216 KAWANKAWAN FOOD BHD Detailed Status Active. Member of Indices Consumer Products & Services ISINMYL7216OO004Stock ExchangeBMListed OnMain MarketSectorConsumer Products & ServicesSub-SectorFood & BeveragesCurrencyMYRShares Per Lot100Share Issued363.486mPar Value-Paid Up Cap0.000Market Cap686.989m
Global web icon Malay Mail https://www.malaymail.com/news/malaysia/2023/02/09/... Where is teh tarik and roti canai most expensive in Malaysia? WebRoti canai. Advertisement. This flatbread dish served among others with curry is synonymous with Indian-Muslim eateries called mamak, which are frequented by …
EXPLORE FURTHER Global web icon 6 Best Places To Get Roti Canai In KL & Selangor 2023 havehalalwilltravel.com Global web icon 10 Best Roti Canai Spots You Must Try In KL & Selangor (2023 … klfoodie.com Recommended to you based on what's popular • Feedback Global web icon Prestige Online https://www.prestigeonline.com/my/lifestyle/wine... Malaysia's ‘roti canai’ is the best street food in the world WebMalaysian ‘roti canai’ named the best street food in the world. In Malaysia, there is nothing quite like roti canai that unites the nation. As a breakfast staple in our youth to late-night …
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Rakyat so poor eat roti canai for lunch - Lowyat.NET WebMore people seem to be turning to roti canai for lunch, especially in the city centre here, says a restaurant operators association.Johor Indian Muslim Entrepreneurs Association secretary Hussein Ibrahim said 24-hour eateries or mamak restaurants used to only serve roti canai …
It’s interesting that more people are turning to roti canai for lunch, especially in the city center of Johor Baru. According to the Johor Indian Muslim Entrepreneurs Association, 24-hour eateries or mamak restaurants used to serve roti canai only for breakfast, but now they’re serving it round the clock due to rising demand. Customers find flatbread more affordable than mixed rice dishes, with prices around RM1.20 to RM1.50 per piece. Some even order roti canai for dinner! However, it’s essential to maintain a balanced diet and exercise to prevent health issues1. If you’re curious about how to enjoy your roti canai, here’s a suggestion: tear it into bite-sized pieces, soak it in curries, add some sugar, and pair it with a glass of hot, thick teh tarik
workers are poorer due to inflation... more n more workers or family buy frozen foods to heat up for breakfast, lunch and dinner.... accumulate some kawan shares for growth, etc
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 Mar 2024 31 Mar 2023 31 Mar 2024 31 Mar 2023 $$'000 $$'000 $$'000 $$'000 1 Revenue 80,642 73,695 80,642 73,695 2 Profit/(loss) before tax 11,221 9,143 11,221 9,143 3 Profit/(loss) for the period 9,224 7,878 9,224 7,878 4 Profit/(loss) attributable to ordinary equity holders of the parent 9,224 7,878 9,224 7,878 5 Basic earnings/(loss) per share (Subunit) 2.54 2.17 2.54 2.17 6 Proposed/Declared dividend per share (Subunit) 4.20 3.60 4.20 3.60
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 1.1100 1.0800
KAWAN FOOD BHD: (KFB MK, CP: MYR1.79, Not Rated) Off to a good start in FY24 Maybank IBG Retail Research
Kawan Food’s 1Q24 PAT grew 17% YoY to MYR9.2m. Excluding net exceptional loss of MYR2.4m, its 1Q24 core PAT grew 45% YoY to MYR11.6m. Recall that the group also booked in net exceptional loss (mainly provision of slow moving inventories) of MYR0.1m a year ago. This met 32% of consensus earnings estimate. No dividend was declared for the quarter.
In 1Q24, revenue grew 9% YoY thanks to rising demand from North America (+22.5% YoY) and Malaysia (+15.6% YoY), which accounted for 25% and 50% of 1Q24 revenue respectively. Meanwhile, GP margin expanded by 2.7ppts to 28.7% (1Q23: 26%) due to lower operating costs.
The strong 1Q24 results will help to justify the street’s expectation of a 19.3% 3-year EPS CAGR for FY20-23. Outlook wise, although inflationary pressure on production cost remains a concern, our analyst expects the added disposable income from financial support measures (eg. EPF account 3 withdrawals and the salary increase for civil service) should help buffer the negative impact.
Brokers are positively biased on the stock with one Buy and two Holds. The mean target price is MYR2.04. At current price, the stock is trading at 17.1x FY24E consensus EPS of 10.5sen, which is lower than its 3-year historical average PER of 20.8x. The group has a healthy balance sheet. Its net cash stood at MYR111.1m at end-Mar 2024, approximately 17.8% its market capitalisation.
Brokers are positively biased on the stock with one Buy and two Holds. The mean target price is MYR2.04. At current price, the stock is trading at 17.1x FY24E consensus EPS of 10.5sen, which is lower than its 3-year historical average PER of 20.8x. The group has a healthy balance sheet. Its net cash stood at MYR111.1m at end-Mar 2024, approximately 17.8% its market capitalisation.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
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Posted by Good123 > 2024-04-16 06:42 | Report Abuse
Debt Level: KAWAN has more cash than its total debt.
Reducing Debt: KAWAN's debt to equity ratio has reduced from 5.2% to 0.9% over the past 5 years.
Debt Coverage: KAWAN's debt is well covered by operating cash flow (1582.3%).
Interest Coverage: KAWAN's interest payments on its debt are well covered by EBIT (120.4x coverage).