KAWAN FOOD BHD

KLSE (MYR): KAWAN (7216)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

1.80

Today's Change

0.00 (0.00%)

Day's Change

1.80 - 1.83

Trading Volume

37,500

IPO Info
Offer Period

Opening

Closing

Time Table

Allotment Date

Listing Date

Price

Issue Price

-

Units

-

Share Capital

0.000

No of Shares

Public Issue

-

Offer for Sale

-

Private Placement

-

Issuing House

-

ISIN Code

-

Prospectus:

PUBLIC ISSUE OF 10,320,000 NEW ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE PRICE OF RM1.00 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

(I) 3,600,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
(II) 3,200,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES; AND
(III) 3,520,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS

OFFER FOR SALE OF 10,400,000 ORDINARY SHARES OF RM0.50 EACH AT AN OFFER PRICE OF RM1.00 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

(I) 4,800,000 ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA;
(II) 3,200,000 ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND
(III) 2,400,000 ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC

OFFER OF OPTIONS UNDER OUR EMPLOYEES’ SHARE OPTION SCHEME TO OUR NON-EXECUTIVE DIRECTORS IN CONJUNCTION WITH OUR LISTING ON THE SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD

KAWANFOOD-Cover (746KB).pdf

KAWANFOOD-Definitions-Contents-CorpDirectory (402KB).pdf

KAWANFOOD-Summary-IPODetails-RiskFactors (912KB).pdf

KAWANFOOD-GroupInfo-InfoOnPromoters-BusinessOverview (1.2MB).pdf

KAWANFOOD-IndustryOverview-RPT-FinancialInfo (777KB).pdf

KAWANFOOD-AccountantsRpt-ExecutiveSummary-DraftESOS-DirectorsRpt (1.1MB).pdf

KAWANFOOD-AdditionalInfo-ApplicationProcedures-ADAList (1.1MB).pdf

KAWANFOOD-NoticeOfProspectus (68KB).pdf

Discussions
4 people like this. Showing 50 of 1,381 comments

Good123


Impressive :)

Kawan Food appoints Adam Pandian, formerly with Kellogg's, as CEO | https://www.klsescreener.com/v2/news/view/1255067

KUALA LUMPUR (Dec 29): Kawan Food Bhd has appointed Adam Pandian as its new chief executive officer, effective from next Monday (Jan 1).

In a bourse filing on Friday, the company said Adam will take on the role, which was left vacant by Ng Hooi Kai, who resigned on Aug 2 this year after serving the role for two years and seven months.

Adam joined Kawan Food in April 2023 as an adviser to the executive chairman and head of transformation.

Adam started his career in Procter & Gamble in brand management, then moved on to several senior positions including the 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's.

Prior to joining Kawan Food, he held the chief operating officer roles in various divisions within the Hap Seng group, as well as corporate roles within the group managing director office, where he served in change management, business turnarounds and driving group synergy across operating divisions.

He has more than 35 years of management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organisations with a foundation in fast-moving consumer goods, Kawan Food said.

Kawan Food's earnings has normalised after hitting a new record in the year ended Dec 31, 2022 (FY2022), with a net profit of RM38.5 million and revenue of RM293.2 million.

For the cumulative nine months ended Sept 30, 2023, Kawan Food's net profit fell 28.73% to RM21.27 million or 5.94 sen per share, from RM29.85 million a year earlier, despite revenue rising 2.22% to RM225.77 million, from RM220.88 million previously, as cost of sales inched up slightly, coupled with higher expenses as well as income tax recorded.

Shares in Kawan Food settled at RM1.80 each on Friday, down two sen or 1.1%, bringing the company a market capitalisation of RM653 million.

Year-to-date, the stock has fallen 19%.

1 month ago

Good123

Change in Principal Officer
KAWAN FOOD BERHAD

Date of change 01 Jan 2024
Name MR ADAM PANDIAN
Age 61
Gender Male
Nationality Singapore
Type of change Appointment
Designation Group Chief Executive Officer
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Degree
Bachelor of Business Administration
National University of Singapore

Working experience and occupation Mr Adam joined Kawan Food Berhad Group of companies ("Kawan Group") as Advisor to Executive Chairman and Head of Transformation.

He has more than 35 years 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.

He started 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 ("MD") for Greater China and Southeast Asia for Kellogg.

Prior to joining Kawan Group 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 MDs office where he served in change management, business turnarounds and driving group synergy across operating divisions.
Directorships in public companies and listed issuers (if any) None
Family relationship with any director and/or major shareholder of the listed issuer None
Any conflict of interests that he/she has with the listed issuer None
Details of any interest in the securities of the listed issuer or its subsidiaries Direct interest - 3,330,000 ordinary shares in the Company.


Announcement Info
Company Name KAWAN FOOD BERHAD
Stock Name KAWAN
Date Announced 29 Dec 2023
Category Change in Principal Officer
Reference Number C04-04042023-00002

1 month ago

Good123

KUALA LUMPUR (Dec 30): Bursa Malaysia is likely to trend higher in the first week of 2024 with a mild upside, to be driven by banking and technology stocks.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan expects the local market to trend between 1,450 and 1,460 next week with some bargain hunting likely to emerge.

"Furthermore, we see the year-end Christmas rally driven by feel-good factors and window dressing as well as overnight strength from Wall Street, coupled with signs that inflation has retreated and interest rate is expected to go down,” he told Bernama.

He also noted that the trading volume had surged past four billion units and market breadth has been positive, therefore, the market could be bullish next week.

Looking ahead to 2024, Rakuten Trade equity research vice-president Thong Pak Leng said the brokerage firm holds a positive view on the performance of Malaysian equities, buoyed by the prospect that the US Federal Reserve is set to begin interest rate cuts and the return of foreign funds to the region.

"We anticipate the FTSE Bursa Malaysia (FBM KLCI) to linger around the 1,590 mark, based on the prevailing valuation premised on 2024 estimates, and could test the 1,650 level," he said.

For next week, he projects further upward potential if the FBM KLCI Index surpasses the 1,465-resistance line.

"As such, we expect the index to trend within the 1,450-1,470 range next week, with immediate support at 1,450 followed by 1,440," he said.

For the holiday-shortened week just ended, Bursa Malaysia traded mixed amid muted trading as investors continued to stay on the sidelines due to the holidays, amid mild bargain-hunting activities after the recent sell-off.

On a Friday-to-Friday basis, the FBM KLCI rose marginally by 0.28 of-a-point to end the week at 1,454.66 versus 1,454.38 a week ago.

On the index board, the FBM Emas Shariah Index lost 27.86 points to 10,988.71, the FBM 70 Index fell 3.86 points to 14,612.98, while the FBM ACE Index went up 105.83 points to 5,322.03, the FBM Emas Index gained 3.78 points to 10,823.70, and the FBMT 100 Index was 0.79 of-a-point better at 10,485.72.

Sector-wise, the Industrial Products and Services Index inched up 0.23 of-a-point to 172.99, the Financial Services Index added 55.95 points to 16,303.04, while the Energy Index slid 0.87 of-a-point to 817.73 and the Plantation Index shed 28.49 points to 7,007.96.

Bursa Malaysia ended the week with a lower turnover of 15.11 billion units worth RM9.38 billion versus 18.39 billion units worth RM12.04 billion in the preceding week.

The Main Market volume shrank to 9.41 billion shares valued at RM8.10 billion against 10.75 billion shares valued at RM10.40 billion in the previous week.

Warrants turnover tumbled to 1.54 billion units valued at RM187.57 million from 3.04 billion units valued at RM356.87 million last week.

The ACE Market volume declined to 4.03 billion shares worth RM1.08 billion compared to 4.44 billion shares worth RM1.28 billion previously.

1 month ago

Good123

as developed markets approach their peak cycle, risk appetite is expected to return to the emerging market (EM) space

1 month ago

Good123

AHAM Capital said there had been encouraging signs pointing to a return of foreign inflows since July 2023, thanks to an improving domestic macro situation.

It added that historical pattens suggested a strong correlation between FTSE Bursa Malaysia KLCI (FBM KLCI) returns and foreign flows as seen over the past 10 years.

1 month ago

Good123

A Singaporean as ceo with ~1% stake in KAWAN. COOL



Save Print Back

7216 KAWAN KAWAN FOOD BHD
Change in Principal Officer
Date of Change: 01/01/2024
Type of Change: Appointment
Designation: Others
Directorate:
Name: ADAM PANDIAN
Age: 61
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
None
Family relationship with any director and/or major shareholder of the listed issuer:
None
Details of any interest in the securities of the listed issuer or its subsidiaries:
Direct interest - 3,330,000 ordinary shares in the Company.
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

29/12/2023 07:00 AM


Ref Code: 202312295200104

1 month ago

Good123

Uptrend , above 1.8++, new ceo, new improvements hopefully

1 month ago

Good123

more2come. 2023-12-29

Principal Officer

Group Chief Executive Officer Appointment - MR ADAM PANDIAN on 01-Jan-2024.

1 month ago

Good123

tak banyak syer... bagus

Share Issued362.581m Market Cap663.524m

1 month ago

Good123

Pandian, investors are waiting to see what value can you add to kawan with your background, etc...


Save Print Back

7216 KAWAN KAWAN FOOD BHD
Change in Principal Officer
Date of Change: 01/01/2024
Type of Change: Appointment
Designation: Others
Directorate:
Name: ADAM PANDIAN
Age: 61
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
None
Family relationship with any director and/or major shareholder of the listed issuer:
None
Details of any interest in the securities of the listed issuer or its subsidiaries:
Direct interest - 3,330,000 ordinary shares in the Company.
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

29/12/2023 07:00 AM


Ref Code: 202312295200104

1 month ago

Good123

New CEO pun labur Dan guna duit sendiri untuk 3.33juta kawan syer

Sungguh yakin.harga syer akan fly

1 month ago

Good123

>RM2 balik, see kena wait how long. :)

1 month ago

Good123

new ceo, kena buat kerja dengan kuat... tunggu balik rm2++ kejap nanti

1 month ago

Good123


Save Print Back

7216 KAWAN KAWAN FOOD BHD
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Date of Buy Back : 22/12/2023
No. of Shares Purchased : 110,400 shares
Minimum Price Paid For Each Share Purchased : RM 1.870
Maximum Price Paid For Each Share Purchased : RM 1.880
Total Amount Paid For Shares Purchased : RM 208,434.96
Shares Were Purchased Through : Bursa Malaysia Securities Berhad
No. of Shares Purchased Retained in Treasury : 110,400 shares
Total No. of Shares Retained in Treasury : 13,157,200 shares
Total Issued Capital as Diminished :
Date Lodged With Registrar of Company : 03/01/2024
Lodged By : Tai Yuen Ling
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

03/01/2024 07:00 AM


Ref Code: 202401034300144

1 month ago

Good123

Ok :)

https://kawanfood.com/

###

1 month ago

Good123

Hey, new CEO, wake up ok, not like a pandi@khinzir , ok? Hahaha


Save Print Back

7216 KAWAN KAWAN FOOD BHD
Change in Principal Officer
Date of Change: 01/01/2024
Type of Change: Appointment
Designation: Others
Directorate:
Name: ADAM PANDIAN
Age: 61
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
None
Family relationship with any director and/or major shareholder of the listed issuer:
None
Details of any interest in the securities of the listed issuer or its subsidiaries:
Direct interest - 3,330,000 ordinary shares in the Company.
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

29/12/2023 07:00 AM


Ref Code: 202312295200104

1 month ago

Good123

Stock Price Target
Last Price Avg Target Price Upside/Downside
1.79 2.23 +0.44 (24.58%)

1 month ago

Good123

Short term target RM2, bro Singaporean pandi dah join as CEO, cool :)

1 month ago

Good123

New Singaporean CEO semoga dapat improve prestasi... Bukan si malas sertai untuk enjoy gila saja ;)

1 month ago

Good123

Kawan, buy call, kos hidup naik, ramai masak sendiri kini

1 month ago

Good123

Up 2sen today... Good lah, people saw its potentialas consumer stable products

1 month ago

Good123

Accumulate in stages.. Food is essential, more n more people eat at home or masak sendiri

1 month ago

Good123

Employeespun yakin, exercise esos terbaiklah



Save Print Back

7216 KAWAN KAWAN FOOD BHD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees Share Scheme
No. of shares issued under this corporate proposal : 250,000
Issue price per share ($$) : 1.6600
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 362,831,760
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 184,918,480.000
Listing Date : 22/01/2024
2. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees Share Scheme
No. of shares issued under this corporate proposal : 150,300
Issue price per share ($$) : 1.6500
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 362,982,060
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 185,166,475.000
Listing Date : 22/01/2024
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

19/01/2024 02:45 PM


Ref Code: 202401193000054

1 month ago

Good123

The FBM KLCI’s dip notwithstanding, Ambrose maintains his view that Malaysian and Asean equities, as well as the ringgit are undervalued, pegging his year-end target for the leading index at 1,784 if the market’s prospective price-earnings ratio returned to its normal level of 16 times.

“After all, foreign investors are almost out of the market and local institutions have stopped selling at the end of 2023. There are many ways things can go wrong, but I am bullish for 2024,” he said.

1 month ago

Good123

orang ramai kian susah, masak kat rumah, more potentials for kawan

1 month ago

Good123

Buy!

Frozen foods companies often perform well for several reasons:Convenience: Frozen foods offer convenience as they have a longer shelf life, reducing the need for frequent grocery shopping. Consumers appreciate the ability to stock up on items that can be stored for an extended period.Time-Saving: Frozen foods are often pre-prepared or partially cooked, saving consumers time in the kitchen. This convenience is particularly appealing to those with busy lifestyles.Variety: Frozen food companies offer a wide variety of options, ranging from fruits and vegetables to fully prepared meals. This variety caters to diverse consumer preferences and dietary needs.Nutrient Retention: Flash freezing technology used in the production of frozen foods helps retain the nutritional value of the products, making them a convenient and relatively healthy option compared to some other convenience foods.Seasonal Availability: Frozen foods provide access to seasonal items year-round, allowing consumers to enjoy fruits, vegetables, and other products regardless of the time of year.Reduced Food Waste: Frozen foods have a longer shelf life, reducing the likelihood of spoilage and food waste. This appeals to environmentally conscious consumers.Global Cuisine: Many frozen food companies offer a range of international cuisines, allowing consumers to enjoy diverse flavors without the need for extensive ingredient sourcing and preparation.

1 month ago

Good123

Asian markets were supported yesterday by a more positive momentum following a Bloomberg report that the Chinese authorities were considering a stimulus package worth two trillion yuan to stabilise the country’s stock markets.

1 month ago

Good123

Up 1.84 now

1 month ago

Good123

**Kawan Food Berhad: Nourishing Success Through Innovation and Quality**

Kawan Food Berhad has emerged as a notable player in the Malaysian food industry, setting itself apart through a combination of innovation, unwavering commitment to quality, and a customer-centric approach. The company's journey towards success reflects a steadfast dedication to providing consumers with high-quality frozen food products.

At the heart of Kawan Food's success lies its unyielding commitment to quality. The company's frozen food offerings, including an array of convenient and delicious options, have gained widespread acclaim for their consistency and taste. Kawan Food has been successful in creating a strong bond of trust with consumers who appreciate the reliability and excellence that the brand consistently delivers.

Innovation is a hallmark of Kawan Food's strategy, enabling the company to keep pace with evolving consumer preferences. The incorporation of advanced technologies and modern production methods has not only elevated the efficiency of operations but has also allowed Kawan Food to introduce innovative products that cater to diverse tastes. This commitment to staying at the forefront of culinary trends has positioned the company as a dynamic force in the market.

Kawan Food Berhad is not merely a business entity; it is also a responsible corporate citizen. The company actively engages in initiatives aimed at making a positive impact on society. Through various corporate social responsibility (CSR) programs, Kawan Food demonstrates its commitment to giving back to the communities it serves, reinforcing its role as a socially conscious organization.

Financial prudence and strategic management have played a crucial role in Kawan Food's trajectory of success. The company's sound financial practices have not only ensured stability but have also garnered confidence from investors. This financial resilience positions Kawan Food as a reliable and attractive investment choice in the competitive landscape.

The ability of Kawan Food Berhad to adapt to market dynamics has been a key factor in its sustained success. The company's agility in navigating challenges and embracing change has not only solidified its position in the market but has also allowed it to thrive in the face of economic uncertainties. Kawan Food's resilience underscores its strategic foresight and ability to turn challenges into opportunities.

In conclusion, Kawan Food Berhad stands as a shining example of success in the Malaysian food industry. Its dedication to quality, commitment to innovation, and a strong sense of corporate responsibility have positioned it as a trusted brand. As Kawan Food continues to grow and evolve, it remains an inspiring model for businesses aspiring to combine culinary excellence with a socially responsible approach, nourishing both its customers and the communities it serves.

4 weeks ago

Good123

Kawan Food Berhad is a company that produces and sells authentic and convenient frozen food products for local and international markets. It offers a range of brands, recipes, innovations and services to suit different consumer needs and preferences. Some of the positive aspects of Kawan Food Berhad are:

- It is one of Malaysia’s leading exporter and largest manufacturer of frozen Asian food delicacies worldwide¹². It has a strong distribution network and a loyal customer base in over 40 countries¹.
- It is committed to providing high quality products that are halal certified, safe and affordable. It has obtained various certifications and accreditations, such as ISO 22000, HACCP, GMP, BRC and MESTI¹².
- It is dedicated to innovation and continuous improvement. It has a well-equipped R&D centre and a team of experienced food technologists who develop new products and recipes to cater to the changing consumer trends and preferences¹².
- It is involved in the corporate social responsibility activities and contributes to the society and the environment. It supports various charitable causes, such as education, health, welfare and environmental protection².
- It has a clear vision and mission to be a leading frozen food manufacturer in the region and to create business opportunities for its partners¹².

Kawan Food Berhad is a company that has a long history, a wide variety of products, a large customer base, and a clear vision and mission. It is a company that can be proud of its achievements and contributions to the frozen food industry.



Source:
(1) Kawan Food Berhad - Truly Friendlicious. https://kawanfood.com/.
(2) Our Company - Kawan Food Berhad.

4 weeks ago

Good123

Up 1.82 now

4 weeks ago

Good123

Undervalued. People tak notice pun. :)

3 weeks ago

Good123

KUALA LUMPUR (Jan 29): Foreign investors returned as net buyers on Bursa Malaysia, contributing to a net foreign inflow of RM267.7 million last week after disposing of local equities worth RM66.3 million in the prior week during a shortened trading week in conjunction with the Thaipusam holiday on Thursday.

3 weeks ago

Good123

Now up 6sen at 1.85 ;)

3 weeks ago

Good123

KUALA LUMPUR: Investors should remain steadfast in seeking fundamentally sound stocks despite the recent turmoil in the small-cap market, according to RHB Research.

In a note, the investment bank said while the small-mid cap space is often preferred for its higher growth prospects, a balanced pick, combined with value-focusing and growth-focused stocks is appropriate in the current environment.

As such, it emphasised that a focus on earnings quality, margins preservation, cash flow, and yield generation is paramount, especially on the backdrop of tense geopolitical conflict, cost escalations, and demand uncertainty.

3 weeks ago

Good123

It's noteworthy that Kawan Food Berhad's growth might contribute to addressing hunger by providing more food options. Addressing Malaysia & global hunger requires comprehensive efforts involving sustainable practices, local & international collaboration, and targeted initiatives.

3 weeks ago

Good123

mantap 1.80+++ ... resting first :) 52w HIGH @rm2.28. Fun ride soon

3 weeks ago

Good123

7216 KAWANKAWAN FOOD BHD Detailed Status Active. Member of Indices Consumer Products & Services
ISINMYL7216OO004Stock ExchangeBMListed OnMain MarketSectorConsumer Products & ServicesSub-SectorFood & BeveragesCurrencyMYRShares Per Lot100Share Issued362.982mPar Value-Paid Up Cap0.000Market Cap653.367mEntitlement-SyariahYesShort Sell IndicatorYesDelivery BasisReady

3 weeks ago

Good123

bagus.. 1.84... more to come

2 weeks ago

Good123

up 1.85 now... cantik

1 week ago

Post a Comment