KAWAN FOOD BHD

KLSE (MYR): KAWAN (7216)

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Last Price

1.79

Today's Change

-0.01 (0.56%)

Day's Change

1.79 - 1.82

Trading Volume

110,800

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

1.79

Avg Target Price

2.17

Upside/Downside

+0.38 (21.23%)

Price Call

0

SELL

2

HOLD

3

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
4 people like this. Showing 50 of 1,510 comments

Good123

Future ROE (3yrs)
Company 11.0%
Industry 7.4%

1 month ago

Good123

Quality Earnings: KAWAN has high quality earnings.

1 month ago

Good123

Earnings Trend: KAWAN's earnings have grown by 15.3% per year over the past 5 years.

1 month ago

Good123

Kawan Food Berhad has a total shareholder equity of MYR393.2M and total debt of MYR3.6M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are MYR460.7M and MYR67.5M respectively. Kawan Food Berhad's EBIT is MYR25.0M making its interest coverage ratio 120.4. It has cash and short-term investments of MYR113.5M.

1 month ago

Good123

Key information
0.9%

Debt to equity ratio

RM3.56m

Debt

Interest coverage ratio 120.4x
Cash RM113.54m
Equity RM393.17m
Total liabilities RM67.54m
Total assets RM460.71m

1 month ago

Good123

Short Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its short term liabilities (MYR53.1M).

Long Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its long term liabilities (MYR14.5M).

1 month ago

Good123

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).

1 month ago

Good123

Stable Dividend: KAWAN's dividends per share have been stable in the past 10 years.

Growing Dividend: KAWAN's dividend payments have increased over the past 10 years.

1 month ago

Good123

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.

1 month ago

Good123

7.1yrs

Average Tenure
53yo

Average Age
Experienced Management: KAWAN's management team is seasoned and experienced (7.1 years average tenure).

1 month ago

Good123

Ownership Breakdown
General Public 19.3%
67,578,869 shares
Individual Insiders 34.3%
119,896,877 shares
Institutions 46.4%
161,979,134 shares

1 month ago

Good123

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%

1 month ago

Good123

Key Information
KAWAN logo
Name: Kawan Food Berhad
Ticker: KAWAN
Exchange: KLSE
Founded: 1960
Industry: Packaged Foods and Meats
Sector: Food, Beverage & Tobacco
Market Cap: RM636.008m
Shares Outstanding: 349.45m
Website: https://www.kawanfood.com

1 month ago

Good123

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.

$$$$$

1 month ago

Good123

share buyback macam alibaba, tencent, etc :)

Wednesday, 17 Apr 2024
5:56PM
KAWAN 33,000 shares purchased into treasury
Tuesday, 16 Apr 2024
5:48PM
KAWAN 70,900 shares purchased into treasury
Monday, 15 Apr 2024
5:54PM
KAWAN 105,600 shares purchased into treasury
Friday, 12 Apr 2024
5:48PM
KAWAN 100,000 shares purchased into treasury
Tuesday, 9 Apr 2024
5:08PM
KAWAN 191,800 shares purchased into treasury
5:07PM
KAWAN 425,300 shares purchased into treasury
Monday, 8 Apr 2024
5:33PM
KAWAN 93,700 shares purchased into treasury
Friday, 5 Apr 2024
5:44PM
KAWAN 118,100 shares purchased into treasury
Thursday, 4 Apr 2024
5:44PM
KAWAN 50,600 shares purchased into treasury
Wednesday, 3 Apr 2024
5:40PM
KAWAN 103,900 shares purchased into treasury
Tuesday, 2 Apr 2024
5:43PM
KAWAN 59,000 shares purchased into treasury

1 month ago

Good123

increase share buyback + dividend payout = share price UP....

1 month ago

Good123

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. 🌟🍽️🚀

1 month ago

Good123

Kawan Food Berhad's (KLSE:KAWAN) investors will be pleased with their 28% return over the last five years
Thu, 18 April 2024

1 month ago

RedOreo

Beli kawan, makan roti canai

1 month ago

Good123

many saw the potential of kawan, touched 1.91 just now.... on the way back to RM2+++

3 weeks ago

Good123

share buyback, powerful, rm2++ not hard hehe

3 weeks ago

Good123

retailers saw the potential of kawan.... RM2++ coming

3 weeks ago

Good123

1.9+ reached this morning.... RM2+ next hehe

3 weeks ago

Good123

MAYBE MAU PRIVATISE MACAM MAMEE DULU ATAUPUN TAKEOVER OFFER MACAM OLDTOWN COFFEE... BOLEH KAYA JIKA BERLAKU ANYTIME

3 weeks ago

Good123

SYARIAH STOK JUGA

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

3 weeks ago

Good123

Like mamee, munchy, oldtown, etc very likely

3 weeks ago

Good123

Kawan, kawanku hehe up lagi 1.88 kini terindah

3 weeks ago

Good123

Syer Buy back lagi? ;)

Circular/Notice to Shareholders
KAWAN FOOD BERHAD

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

3 weeks ago

Good123

Buy back more shares, nanti privatise, lagi senang... Kurang syer

3 weeks ago

Good123

kalau privatise, dll Rm1bil++ macam oldtown, etc pun syiok kan? hahaha

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

3 weeks ago

Good123

up 1.89 kini

3 weeks ago

Good123

downside risk limited, upside return unlimited haha

3 weeks ago

Good123

Kawan, the new king 👑hehe

CONSUMER Sector (KingKKK): Top Beneficiary of 13% Pay Bump for Government Workers?

3 weeks ago

Good123

gaji pekerja sektor awam naik, permintaan produk kawan naik, harga syer naik juga terbaik hehe

3 weeks ago

Good123

wow, suddenly rebound 1.8 & above now cantik

2 weeks ago

Good123

Accumulate b4 it continues to surge ya

1 week ago

Good123

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
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10 Best Roti Canai Spots You Must Try In KL & Selangor (2023 …
klfoodie.com
Recommended to you based on what's popular • Feedback
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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 …

EXPLORE FURTHER
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10 must-try roti canai places in KL for the best breakfast of …
sethlui.com
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Best roti canai in KL - Time Out Kuala Lumpur

1 week ago

Good123

Kawan's frozen roti canai would boom....etc

Global web icon
Lowyat.NET

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 …

1 week ago

Good123

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

1 week ago

Good123

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

1 week ago

Good123

Up esok most likely

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2024

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

1 week ago

Good123

terus memerhati... peluang masih ada... dulu sentiasa RM2 & ke atas

1 week ago

curiousq

announced good result but cannot .... actually unloading 😣

1 week ago

Good123

Thursday, 16 May 2024
6:08PM
KAWAN 1Q net profit 9.224 million (increased 17.09%)
Tuesday, 14 May 2024
6:08PM
KAWAN 282,700 shares purchased into treasury
Monday, 13 May 2024
7:16PM
KAWAN 225,000 shares purchased into treasury
Friday, 10 May 2024
5:40PM
KAWAN 111,300 shares purchased into treasury

1 week ago

Good123

Rm2+++ maybank inv


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.

4 days ago

Good123

$$$$$

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.

4 days ago

Good123

Syer Kawan untukmu??? Jualan& untung UP... Semoga Lebih kaya ya

2 days ago

curiousq

announced good result but price cannot .... 😣

2 days ago

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