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IPO Info
File Name: CANONE-NoticeOfProspectus (19KB).pdf Download
9 people like this. Showing 50 of 2,362 comments


@treasurehunt , a lot of possibilities, we wont know about it. They are operating at 60 % capacity , if still can make money is very good .
risk to Can1 is minimal .now Can1 drop due to market sentiment
1.The reemergence of omicron virus won't affect them much if another lock down , last MCO Can1 still can operate at 60% unlike a lot of factories .
2.The risk of force labor issue is minimal unlike the glove and EMS sector .
3.No single concentration of main customer .
4. Foreign worker : Can1 don't depend on Indonesia worker unlike construction and plantation sector

Can or cannot in this market will need Mr Market to answer ....

2021-12-01 19:15


@ sangkancil. In overall, we can't deny that general can division is operating in a relatively stable business environment.Wait and see the 4th Qtr 21.

2021-12-01 19:21


2021-12-01 22:41






2021-12-01 22:48




2021-12-01 22:48


Volatility in commodity prices. Raw material generally makes up 70% to 80% of Can-One’s cost. Any big changes
in commodity prices will result in margin compression as it takes time for the company to pass on costs to its customers.
Foreign exchange risks. Can-One’s profitability is subject to currency effects as the raw material it uses are directlyor indirectly quoted in USD. About 35% to 40% of the group’s raw material costs are quoted in USD while the
remaining is sourced locally in ringgit. However, its income is naturally hedged as about a quarter of its sales are for export market.
Operational risks. Can-One is subject to local and foreign policies that could impact its profitability. Such policies include minimum wage, import and export policies among others. As a manufacturing company, it may also experience operational disruption such as pro-longed machinery breakdown/ accidents that could potentially affect its output. As an established company, we believe that Can-One have implemented sufficient measures to prevent such events and minimise impact of these incidents.

2021-12-05 16:16


At current price so undervalue

2021-12-29 15:47


Hopefully close the year at 4.50 at least

2021-12-30 12:05


survive the crash.. not tech stock, no forced labour issue , not glove related ,
Stable business

2022-01-15 18:10

Ooi Cheng Kee


2022-02-24 21:11


The Group's net revenue for Q4, 2021 increased by RM101.2 million or 15.3% to RM763.8
million. Loss before tax reported by the Group was RM199.0 million in Q4, 2021 mainly due to
the following:
- Inventories written down of RM26.9 million; and
- Impairment of property, plant and equipment and right-of-use assets of RM214.0 million.

2022-02-24 23:03


Operation profit margin also deteriorates,

4Q21 4Q20
Revenue 763,790 662,583
Cost of sales (697,915) (571,721)
---------- ---------
Gross profit 65,875 90,862

2022-02-24 23:37


The most interesting part is,
the share price dropped significantly in high vol,
and later, after market closed, the Q result was announced at 5.42pm,

:D :D :D

2022-02-25 10:43


Probably involves Myanmar operations write-off like Boxpak (an associated co.?) .

2022-02-25 11:05


The impairments came from Myanmar operations & Contract Packing.

Impairment of PPE:
- Box Pak Myanmar - 95.6 million
- General Can Myanmar - 69.6 million
- Contract Packing - 59.8 million

Inventories written down:
- Box Pak Myanmar - 13.3 million
- General Can Myanmar - 15 million

2022-02-25 11:20


good info treasurehunt, where is all this info? cant find in the QR.

2022-02-25 11:35


Machineries in Myanmar remains running but at lower capacity due to economy slowing down after army has taken over government .

2022-02-25 11:53


alibiii. You have to read Box-Pak quarterly report first in the Review of Performance and follow by CanOne. Impairment PPE & inventories written down is derived from the total value in Canone after deducting Box-Pak's figures.

2022-02-25 11:59


i see i see. Thanks treasurehunt. This will be one off and next QR should be good. Rm3 should be good entry point

2022-02-25 12:03


It's actual a kitchen-sinking exercise.

2022-02-25 12:04


haha true. If situation improve there may have positive write back in the future

2022-02-25 12:12


Not much explanation given on the massive inventory & property, plant & equipment write down.

I personally have written-off this counter. I made >25k the first round. My 2nd strike doesn't look good in the near term. So I'll leave it aside & just collect whatever microscopic dividends they declare.

2022-03-01 13:15


sell profitable business,......go to buy unprofitable can joo company,......

2022-04-10 14:32


China-based canmaker Baosteel’s first beverage can plant in Malaysia has started production. Located on a 16-acre site within the Eco Business Park V at Puncak Alam in the Klang Valley of Selangor state, construction of the plant began in December 2020 with commercial cans being made this month (February). The first phase of the RMB461 million (US$66m) project has the capacity..

2022-04-19 15:01


It is a profitable business , otherwise china won't invest a plant in Malaysia

2022-04-19 15:03


China invest in Malaysia so that they can dump all their toxic materials in this Bolehland. The Japanese are also doing that now to keep their country clean after the Minimata incident

2022-05-02 15:00


Baosteel ad for employment of Assistant Production Manager. Salary: 4,500 - 6,300 MYR.
Salary so low ke?

2022-05-02 15:54

Michael Kwok

Sell call canone 3.90-3.95.
Tp below 3
24/8/2022 9.16pm

2022-08-24 21:17


The miserly 4 sen dividend is not enough to excite and maintain an erection

2023-05-10 12:52



2023-05-30 20:37


Now we have a Myanmar problem

2023-09-01 15:11


Did anyone attend the AGM? Any info worth sharing?

2023-09-24 22:10


If the current price is any indication, i think this quarterly results will be BAD!

2023-11-30 12:46


Told ya

2023-12-01 04:08


Variation of results against immediate preceding 3 months ended 30 June 2023 ("Q2,
General Packaging division
Revenue of General Packaging division in Q3, 2023 was RM713.3 million, an increase of
RM42.2 million from immediate preceding quarter mainly due to increase sales volume in all segments. However, profit before tax of the division decreased by RM25.5 million to loss before tax of RM0.4 million in Q3, 2023 mainly due to higher pre-operating expenses incurred for the set up of a new aluminium can plant in USA, unfavourable movement in foreign currency exchange rate and higher interest expense and partially offset by lower distribution expenses.
The new aluminium can plant in USA is expected to commence operations before the end of 2023. As a greenfield project, it is only expected to contribute positive results to the Group in 3 to 5 years time.

2023-12-01 05:05


Yeo family's excessive ambitious in expanding their business empire. They don't really care much about profitability of the business unit unlike the former, See family.

2023-12-01 09:27


Yeoh family is good at trading and marketing and that's the reason they did well in condensed milk business. What about tin can manufacturing business? obviously out of their expertise.

2023-12-01 09:52


Able global do well in tin can manufacturing even if the operation is much smaller than CanOne.

2023-12-01 10:06


Since the new aluminium can plant in USA is going to be loss making for a few years, maybe it is a good idea to sell now and buy back later.

2023-12-01 10:23


Its Myanmar aluminium can business has hit the snag due to political uncertainty. The first loss making entity in aluminium can, US is another loss making operations too.

2023-12-01 10:39


@treasurehunt With a result like that, and with high gearing, and the experienced president leaving, the future is bleak for the group if run by Yeoh family. I will be surprised if their financiers will not be concerned.

2023-12-01 11:04


Mcheat. Put it simple, Yeo family doesn't have sufficient expertise in managing the can manufacturing business.

2023-12-01 11:30


Yeoh did exceptionally well in trading and marketing business. He disposed 60% stakes in KingKoil for RM 116 million and condensed milk operations for RM 900 million in 2016. The biggest joke was he went into headache can manufacturing business through acquisition of Kian Joo.

2023-12-01 18:54


Yeoh made big fortune out of his investment in Can One and Kian Joo. But the guys who helped him left. Whether he and his family have enough expertise to run the business is questionable. The new finance team seems to only know how to kitchen sink it seems….

2023-12-02 22:01


The can factories in Kian Joo are far more diversed than original Can One. Production of cans ranging from exploiting high speed machine and low speed junks for big cans. Complex and messy. Being a CEO in CanOne is a life suffering job. Hahaha

2023-12-04 16:57


Yeoh is coming !!!

2024-02-26 16:39


Inventory of rm800m possibly are aluminum and tin?

1 month ago


Inventory of rm800m possibly include aluminium a Tin. Undervalued

1 month ago


What could possibly suddenly excite investors about this co? A freak spike in profitability? Another but generous dividend in the offing?

1 week ago

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