KAWAN FOOD BHD

KLSE (MYR): KAWAN (7216)

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Last Price

2.25

Today's Change

+0.08 (3.69%)

Day's Change

2.15 - 2.25

Trading Volume

444,100

Discussions
4 people like this. Showing 50 of 1,078 comments

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-h1600187815-LVI_Food_Beverages_Sector_Price_to_EPS_Peer_Comparison_and_economic_moa

2022-03-11 12:18

All_in_2021

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

2022-04-11 19:47

Noni

Wayang?

2022-04-13 04:31

All_in_2021

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

2022-04-13 19:32

All_in_2021

good move, acquiring lands to expand the business

2022-04-21 19:52

GoldenCoin23

run... put money in pocket first

2022-04-25 10:42

hengman

Bangkitlah Kawanku. Time to stand and rise.

2022-04-25 19:37

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.

2022-05-25 12:15

Good123

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

2022-05-25 12:16

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

2022-05-25 12:16

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.

2022-05-25 12:18

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%)

2022-05-25 12:20

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!

2022-05-25 12:35

GoldenCoin23

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

2022-05-25 17:35

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.

2022-05-25 17:54

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

2022-05-25 21:13

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

2022-05-31 09:21

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

2022-05-31 09:22

wallstreetrookie

Recession means people will eat fast food (refrigerated/frozen food).
Kawan Food will do well in the next quarter

1 month ago

wallstreetrookie

Reloaded again

1 month ago

wallstreetrookie

Still no analyst coverage = STRONG BUY

1 month ago

wallstreetrookie

I cannot say too much but their quarterly result looks promising

1 month ago

wallstreetrookie

Buy

1 month ago

wallstreetrookie

Who cares about him. If a company reports good earnings, well then just hold it

1 month ago

wallstreetrookie

Capital Dynamics will buy more Kawan shares you wanna wait for them to pump the price up before buying

1 month ago

wallstreetrookie

Buy side analysts LOVE this stock.

1 month ago

wallstreetrookie

Kawan Food Catalysts
1. Drop in raw material cost - palm oil price has been dropping since Q2 2022
2. Recession-proof industry - poor people will eat more frozen food instead of fresh food to save costs
3. Their Roti Canai seriously tastes delicious
4. Acquisition target of major F&B players like Nestle Malaysia
5. Good MGMT. MR GAN THIAM CHAI is a smart businessman.

1 month ago

wallstreetrookie

Capital Dynamics will buy Kawan Food. Just wait

1 month ago

wallstreetrookie

They either missed the boat or they all in already

1 month ago

wallstreetrookie

Kawan Food is one of the few stocks analysts should go overweight on. Price target upgrade to RM3.50 based on reverse DCF analysis. Dumb sell side analysts trying to predict cash flow will fail. No need to use complex revenue forecasting model
I am using a different valuation method. I believe that Kawan Food at RM2.24 still presents the best opportunity from a risk-reward perspective.

Long term, based on bull case, we think that Kawan Food will be the No 1 player in the Malaysian Food & Beverages. Management provided very good guidance for the next few quarters forward. I won't sell Kawan Food yet.

3 weeks ago

Srsm Trader

strong stock but no publicity.

2 weeks ago

wallstreetrookie

Good morning

2 weeks ago

wallstreetrookie

Easy to forecast their future earnings. When economy is not doing good, people become poor. So they eat more fast food and frozen food.
Which company is leading in frozen food in Malaysia?

That’s right. It’s Kawan Food
Buy

2 weeks ago

wallstreetrookie

Kawan Food is the only stock that didn’t drop when the whole market crashed in 2007 and 2008. Just look at the chart. We continue to like Kawan Food for their profitability, resilient customer base

1 week ago

wallstreetrookie

Kawan Food will be acquired by a major F&B player if market does not support its valuation. We still think it’s highly likely

1 week ago

investortrader88

RHB 20 Jewels 2022 Edition


Aemulus Holdings
Bonia Corporation
CJ Century Logistics Holdings
Coastal Contracts
Dayang Enterprise Holdings
Dufu Technology Corp
Homeritz Corporation
Kawan Food
Kumpulan Fima
KKB Engineering
Nova Wellness Group
Optimax Holdings
Samchem Holdings
Sedania Innovator
Supercomnet Technologies
Texchem Resources
Tune Protect Group
Unimech Group
VSTECS
YBS International

1 week ago

investortrader88

KUALA LUMPUR (April 21): Convenience food manufacturer Kawan Food Bhd is buying five parcels of land measuring 7.08 acres in Shah Alam, Selangor for a total of RM50.46 million, as part of its expansion plans.

Kawan Food said it intends to build a second manufacturing facility for its operations on the proposed site. It plans to expand its cold room facility to include a warehouse and cold chain distribution for in-house and external products, equipped with new technology such as robotic automated warehouse to cater for frozen, chilled and ambient food products.

"This would enable Kawan Food to explore new ideas and growing product diversity for new markets. Also, with the strategic location in Shah Alam, there is potential reduction in logistic cost for deliveries in local market," it said in a bourse filing on Thursday (April 21).

Kawan Food's wholly-owned subsidiary Kawan Food Manufacturing Sdn Bhd (KFMSB) has entered into a sale and purchase agreement with RGP Warehouse Solutions Sdn Bhd to buy three parcels of land totalling 4.07 acres for RM28.94 million or RM163.199 per sq ft. KFMSB is also in the process of acquiring another two parcels of land totalling 3.01 acres from Perbadanan Kemajuan Negeri Selangor (PKNS) for RM21.52 million.

The group said it will finance the land acquisition through internal funds and/or external borrowings.

"The acquisition is in line with Kawan Food's corporate strategy of expanding and growing its operations, and diversification, as well as exploring and developing new segments of the industry, manufacturing a variety of products including plant-based products, etc, in chilled ambience, aside from frozen food. This business strategy will provide an opportunity for Kawan Food to create greater economic value and increase the earnings potential of the group," it added.

Barring any unforeseen circumstances, the land acquisition is expected to be completed by the last quarter of 2022. The acquisition is not expected to have any material effect on the group's gearing for the financial year ending Dec 31, 2022.

1 week ago

wallstreetrookie

Yep

1 week ago

wallstreetrookie

Land acquisition is nothing. The key factor is their resilient customer base.

1 week ago

wallstreetrookie

Buy side have nothing else to buy except F&B companies

1 week ago

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