KAWAN FOOD BHD

KLSE (MYR): KAWAN (7216)

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Last Price

1.67

Today's Change

-0.01 (0.60%)

Day's Change

1.65 - 1.68

Trading Volume

82,800

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 1,054 comments

Hoho22

My friend is coming back

2021-11-18 18:47

whocare1982

https://youtu.be/j6bQAw9pP98
KAWANFOOD 2021 ,第三季度分析

2021-11-18 19:22

trader808

Some analyst reports consist of bias opinion and over rated valuation. Let us compare and contrast Kawan AND Perak Transit
These are the performance parameters.

KAWAN PTRANS
EPS 7.19 8.32
ROE 7.96 10.68
DY 1.72 % 4.74%
DPS 3 Sen 3.2Sen
PROFIT 28.4m 53.6m
NTA 1.00 0.77
P/NTA 1.74X 1.13X
PE 21.8X 8.17X
market capital 626m 439m

SHARE PRICE Rm1.74 68sen

These numbers show that Ptrans is more superior and attractive in all aspect and yet it is trading at less than 40% of the value of Kawan.

Would you unfriend Kawan to ride on PTrans ?
A price earning multiple of 10x would price PTrans at 83sen.

2021-11-21 22:25

All_in_2021

what happen my friend?

2021-12-02 19:48

gordonn

Good Quarter results price even not moving up. Keep on down trend . So weird

2021-12-15 22:54

gordonn

Wake up ! How many months alrd still sleeping ?

2021-12-31 22:18

gordonn

Sleeping beauty..haizz

2022-01-12 13:23

Fujisnow

can collect more cheap ticket, slowly buy.

2022-01-24 01:15

All_in_2021

day day lower...no friend already

2022-01-27 19:45

Nicholas Loh

Gong Xi Fa Chai to Kawan kawan di sini :)

2022-02-02 18:58

monetary

join the boss. collect at 1.5

2022-02-18 16:42

gordonn

Waiting everyday waiting. Downstrend n sideway

2022-02-18 22:42

monetary

downtrend is over. check consumers goods stocks.

2022-02-19 10:20

CharlesT

Jan 24, 2022 2:10 PM | Report Abuse

IB gave TP 1.3. Every1 waiting to sell at 1.2. U think shark will push up beyond 1 for u to take profit meh? Shark runs 1st lor. Look at all those national team run companies. All blow cow very good prospect but eventually turn in disspointing result. The most recent 1 is the return of sugar King Msm. Even they make it market also won't give high valuation bcoz market r more conservative when investing in this types of companies. CMSB, MSM all low PE. Chances r will remain low. I only buy at huge discount from IB TP.

Jan 24, 2022 2:12 PM | Report Abuse

Look at msm price pattern. I hope Dnex won't b Msm II

Jan 24, 2022 2:21 PM | Report Abuse

I think Foxconn doesn't care silterra profitable onot. They just want siltera production capacity.

Jan 24, 2022 2:22 PM | Report Abuse

Rather than building a foundry they just pump some money into it to secure the chips output.

Jan 24, 2022 2:23 PM | Report Abuse

how profitable is it is dependent to the management, which is the national team

Jan 24, 2022 4:45 PM | Report Abuse

Look at MSM. Same modus operandi


monetary Talk so much u got buy onot? Ppl who earned big r those who built foundation at 0.7x

CharlesT monetary buy more Dnex. from 75c to $1 now only start horse back cannon. lol! don't get trapped. G luck
22/01/2022 5:32 PM

monetary now i tell u my Dnex money will all in MPI at 35
18/02/2022 5:28 PM

Shameless Sohxi Monetary has been posting rubbish all the while talking bad on Dnex in Jan now suddenly claimed he made profit fm Dnex.....lol

Really worst piece of shit.....no die also no lan use.....

If u listen to all his Holland Tips u will die very fast

2022-02-20 08:36

All_in_2021

finally moving my friend

2022-02-21 18:57

Vorster89

Bonus issue

2022-02-21 19:41

thesteward

Nice

2022-02-21 21:15

nixnix

Not much noise here. Printing money quietly.

2022-02-24 21:01

All_in_2021

result not out?wonder good or bad

2022-02-25 18:44

Vorster89

No worry, confirm good news. 0.03 dividend bonus issue

2022-02-25 19:35

All_in_2021

heard any news ha?

2022-02-28 15:13

Noni

Sudah unfriend....

2022-02-28 17:15

monetary

the last time kawan had 10m pat was mid 2016. share price was 2.5

2022-02-28 18:18

monetary

noni. u just unfriended a most sincere friend. lol!

2022-02-28 18:24

All_in_2021

but today's share price still drop

2022-02-28 18:38

monetary

u sold? sbb at 1.62 today. Hehe...

2022-02-28 18:55

All_in_2021

panic awhile but i believe QR is good so hang on to it..

2022-02-28 19:00

All_in_2021

but why sbb? any intention? seems like buying back at low price rather than pushing it higher

2022-02-28 19:15

Pang

Public Bank TP :2.60

2022-03-01 17:10

All_in_2021

today not much movement

2022-03-01 17:17

gordonn

Qr results is out around 10mi net profit. Superb results. And dividend 3sen per share.

2022-03-02 11:30

All_in_2021

still continue share buy back...

2022-03-04 13:21

Mark Goh

Want to compare this stock with its peers?

LVI: Food & Beverages Sector Price to EPS Peer Comparison (and economic moat)
https://klse.i3investor.com/web/blog/detail/VIE/2022-03-11-story-h1600...

2022-03-11 12:18

All_in_2021

director keeps buying back after company share buy back..what motif?

2 months ago

Noni

Wayang?

2 months ago

All_in_2021

but he is not selling, or maybe waiting for the right timing to sell

2 months ago

All_in_2021

good move, acquiring lands to expand the business

2 months ago

GoldenCoin23

run... put money in pocket first

2 months ago

hengman

Bangkitlah Kawanku. Time to stand and rise.

2 months ago

Good123

dah mau terbang ka?
Strong demand a boon for Kawan
TheStar Wed, May 25, 2022 12:00am - 12 hours



Kawan Food

PETALING JAYA: Kawan Food Bhd is expected to be driven by the resilient demand for its products.

The company, which manufactures frozen food, can also benefit from greater efficiencies in the midst of the heightened inflationary environment economically.

Public Invest Research said its most recent reported first-quarter (1Q) results were in line with its and consensus expectations, and this had accounted for 23.1% and 20.3% of their forecasts, respectively.

The research house noted that Kawan’s valuation looked undemanding, as it was currently trading at a price-to-earnings ratio (PER) of 16 times, which is almost minus one standard deviation of its three-year historical average.

Kawan Food products
Kawan Food products

“We are still positive on Kawan’s future outlook, which will be underpinned by strong demand for frozen food products and greater production efficiency to mitigate the impact on the rising raw material prices,” Public Invest Research said.

It has maintained its “outperform” call on the counter with a lower target price of RM2.50 from RM2.60 as it had lowered its PER multiple to 20 times from 25 times.

Meanwhile, CGS-CIMB said that it expects Kawan to post better earnings over the next nine months, especially in the second half of the 2022 year and this would be supported by by higher sales.

It also said that the company would benefit from strong demand while it had also secured more new export clients.

“Also, Kawan should benefit from raising its selling prices by up to 8% in 1Q. In our view, raising the selling prices should help to mitigate rising input costs which constituted about 45%-50% of total costs last year, further aided by better cost control,” CGS-CIMB said.

The research house is also expecting a new warehouse and facility to only begin operating in 1Q of next year.

“With the 1Q results in line with expectations, we reiterate our ‘add’ call and a target price of RM2.50 based on a 20 times 2023 forecast PER, which is a 40% discount to our 33.2 times 2023 forecast PER for the consumer sector,” CGS-CIMB said.

1 month ago

Good123

RSI(14) Neutral 42.9
Stochastic(14) Oversold 5.6
Average Volume (3M) 2,502
Relative Volume 0.3

1 month ago

Good123

52w 1.450 - 2.160
ROE 8.92
P/E 18.36
EPS 9.10
DPS 3.00
DY 1.80%

NTA 1.0200
P/B 1.64
RPS 70.96
PSR 2.35
Market Cap 600.4M
Shares (mil) 359.52

1 month ago

Good123

Sapu balik dah bermula?

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
KAWAN FOOD BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 26 Apr 2022

No Salutation Name Designation Description Of "Others" Designation
1 MR GAN THIAM CHAI Chairman & Executive Director
Type of Transaction Acquired
Description of "Others" Type of Transaction
Date of Transaction 23 May 2022
Description of Securities Ordinary Shares
(Direct Interest)
No of Securities Transacted 6,600
% of Securities Transacted 0.002
Consideration Malaysian Ringgit (MYR) 1.650


Remarks :
1. The percentage of holdings is based on the total number of issued shares of 358,637,660 (excluding 882,100 Treasury Shares).

2. Deemed interested in the shares by virtue of Section 59 of the Companies Act 2016, held through his children, namely Gan Ka Hui and Gan Ka Ooi who holds 4,700,300 and 6,011,300 ordinary shares respectively, representing a total of 2.987% in the shareholdings of the Company.

This announcement is dated 24 May 2022.

1 month ago

Good123

Price Target

Kawan Food Berhad - Backed by Strong Demand
Source : PUBLIC BANK, Price Call : BUY, Price Target : 2.50
Last Price : 1.67, Upside/Downside : +0.83(49.70%)

1 month ago

Good123

Market cap rm600mil@1.67 today

31.12.2020 market cap was rm747.8mil... @rm2.08

Expecting rebound based the quarterly performance reported, etc ... Sabar ya!

1 month ago

GoldenCoin23

Sold at 1.74, today reenter at 1.66. When exdate for 3 cents dividends?

1 month ago

Good123

Commentary on the prospect




As the Malaysia’s economy is keeping its solid momentum, assisted by the transition to the Endemic phase of Covid-
19, the Group has observed an encouraging rebound in export sales and uptrend sales in modern trade and HORECA.
Ongoing raw material costs hike mainly due to the volatile global markets leads to the higher commodity price, the
Group has initiated the hedging to key raw materials price that significantly mitigating the risk of margin erosion.
The Group will continue to remain competitive and seek opportunities to grow its business. Despite the challenges on
higher raw material prices, with the cash reserves that allow the Group to capitalise on suitable M&A opportunities, that
will adequately support the expansion plans moving forward.
The Group is expecting the issue of labor shortage to be resolved in Q2 by increasing the workforce capacity in 2022 in
line with government policies. This in turn has provided the opportunity to generate higher revenue while at the same
time would be able to drive the readiness to launch more new healthy food products such as plant-based meals.
The Group continuously focuses in ensuring the operational efficiencies and cost optimization in our business. Adding
to that, the implementation of Industry 4.0 in strategic phases has notably enhanced the production of output and
manufacturing capability.

1 month ago

Good123

Baguslah :)

2022-05-25

Insider

MR GAN THIAM CHAI (a substantial shareholder) acquired 6,600 shares on 23-May-2022.

2022-05-25

Insider

MR GAN THIAM CHAI (a substantial shareholder) acquired 6,600 shares on 23-May-2022.

2022-05-25

Insider

MR GAN THIAM CHAI (a company director) acquired 6,600 shares on 23-May-2022.

2022-05-24

Announcement

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period

2022-05-24

1 month ago

Good123

Macam mau naik lagi :)

Market Depth
Best Buy
Position

Price

Volume

Orders

1

1.66

16,000

4

2

1.65

31,700

8

3

1.64

34,000

4

4

1.63

26,000

4

5

1.62

2,000

1

Best Sell
Position

Price

Volume

Orders

1

1.69

23,100

3

2

1.70

4,000

1

3

1.76

8,000

3

4

1.77

2,000

1

1 month ago

Good123

Insiders beli berterusan :)

2022-05-30

Announcement

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

2022-05-30

Insider

MR GAN THIAM CHAI (a substantial shareholder) acquired 50,000 shares on 26-May-2022.

2022-05-30

Insider

MR GAN THIAM CHAI (a company director) acquired 50,000 shares on 26-May-2022.

2022-05-27

1 month ago

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