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CANONE (5105) : CAN-ONE BERHAD
Mike
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Posts: 87
Joined: Dec 2011		 06 Jan 2012, 09:12 AMPost #1
Early morning already up another 30sen le??.
Mike
Member Star
Posts: 87
Joined: Dec 2011		 06 Jan 2012, 09:12 AMPost #2
Early morning already up another 30sen le??.
EricLim
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Posts: 9
Joined: Mar 2012		 09 Mar 2012, 03:58 PMPost #3
Just invested on some Canone shares. Hope it will finish their legal tussle soon and their price to shoot up.
EricLim
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Posts: 9
Joined: Mar 2012		 13 Apr 2012, 05:20 PMPost #4
Anyone have any latest news on the legal tussle?

Looks like, it should be good since the share is rising.

ILoveDividend
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Posts: 521
Joined: Dec 2011		 15 Apr 2012, 03:30 PMPost #5
Anyone have any latest news on the legal tussle?

Looks like, it should be good since the shar...EricLim @ 13 Apr 2012, 05:20 PM

It has a good and strong fundamental. Looks good to break RM2 in near future.
EricLim
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Posts: 9
Joined: Mar 2012		 16 Apr 2012, 09:43 AMPost #6


It has a good and strong fundamental. Looks good to break RM2 in near future. ILoveDividend @ 15 Apr 2012, 03:30 PM

Yup, will be keeping it till it reaches at least $2.50. Looking at the current share movements, it should break $2.00 very soon.
EricLim
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Posts: 9
Joined: Mar 2012		 19 Apr 2012, 09:49 AMPost #7
Passed $2.00 rolleyes

Hoping to reach my targetted selling price of $2.50 drool
ILoveDividend
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Posts: 521
Joined: Dec 2011		 19 Apr 2012, 03:03 PMPost #8
Passed $2.00 ...EricLim @ 19 Apr 2012, 09:49 AM

Running fast...star
EricLim
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Posts: 9
Joined: Mar 2012		 19 Apr 2012, 03:26 PMPost #9


Running fast......ILoveDividend @ 19 Apr 2012, 03:03 PM

thumbupyeah
Jacky
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Posts: 70
Joined: Dec 2011		 03 Jul 2012, 04:25 PMPost #10
OMG.... What happen to this counter again? starstar
gab102001
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Posts: 48
Joined: Jan 2012		 03 Jul 2012, 05:15 PMPost #11
OMG.... What happen to this counter again? ...Jacky @ 03 Jul 2012, 04:25 PM
Good revenue and good news, become one of the top share holder for Kianjoo. shy
EricLim
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Posts: 9
Joined: Mar 2012		 14 Aug 2012, 04:55 PMPost #12
They won the case and I sold all of my share position with a good profit.
Brian9818
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Posts: 244
Joined: Sep 2012		 10 Jun 2013, 10:46 AMPost #13
Stock to watch $3.65 together with KianJoo ($3.09)
Brian9818
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Posts: 244
Joined: Sep 2012		 10 Jun 2013, 10:48 AMPost #14
Stock to watch $3.65 together with KianJoo ($3.09)
LCCHONG
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Posts: 385
Joined: Jan 2014		 16 Sep 2014, 03:38 PMPost #15
CANONE analysis - https://lcchong.wordpress.com/2014/09/16/canone-fundamental-analysis-16-sept-2014/
erkongseng
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Posts: 285
Joined: Mar 2014		 04 Mar 2015, 04:52 PMPost #16
thumbup为什么 rm 2.68 買入 5105 canone 冠旺---
1)公司面对的风险;
a)滙率波动,美元上升,目前对公司有利.
b)原材料鋼铁,铝价的起落,对生产成本造成影响.
2)企业消息或官司结案,致使股价飞漲.
3)早年以每股rm1.65购买 kianjoo 32.9%股份,现市值约为4.3亿,因此,对于高债务问题,根本不足为患.
4)canone 主要生产錫罐,如milo 罐,而kianjoo生产铝罐,在大马铝罐有70%的市佔率,cocacola也是kianjoo的客户之一.
这些包装业务,产品消耗快,抗跌性强,因此公司多年都稳定赚钱.
5)2014年公司营业量为8.98亿,赚6377万,eps=41 sen,赚副=7.1%,股息5sen,随着乳制品业务的增长下,
公司有望每年取得eps=40sen的净利,试想想兩年后;nta(rm3.41)+rm0.80=rm4.21 ,到时股价是不是有很大的上升空间.
6)其他相同业务的公司如f&n,etika,dlady,nestle都在双位数的本益比交易,canone有80%的f&b nutrition sdn bhd
贡献30%多的净利,目前只是以单位数的本益比交易(6.1倍),是否被低估值?市场将会重新评价该公司.试目以待.
7)属下 dairy produsts 90% 供出口,未来成长看好.
8)官司一事,几年前高庭判定kianjoo 32.9%股份归属canone,之后kianjoo股东再起诉 canone,至今仍在进行中.
从另一方面看,两家公司生产照样,生意也很好,官司影响小,由此可见公司具备一流的管理人员.

9)鉴于利好行业前景，我们将继续成长。买股看公司的未来是否成长，净利多少等，当可见度变得清晰，投资风险相对变小，股价也将呈现上升势头，canone 会是不错的选择.
10)公司诚信度是很好的，因此数据造假应该不会发生在这公司上。
11)于28-2-2014止,30大股东已持有75.26%（114677张），市场流通量只有37723张(24.74%),总股数为152400張.
大股东己持 34.02% (Eller Axis Sdn Bhd -29.63% ,Yeoh Jin Hoe-4.39%).
canone 绝对是投资者的首选股，公司的潜在价值好，成长佳,将会是一只黑马股。
12)于31-12-2014 现金有9975万,loan为2.4亿
13)2014全年eps=rm0.41 ,合理的pe=8,股价=rm3.28
目前canone的股价=rm2.59 ,只是pe=6.19倍在交易,比较其他工业,食品股后,明显被低估了.
14)nta=rm3.41 ,食品业务成长良好,股价rm2.59 是吸引人的投资机会.
只供参考，进出自负。

Our customer base has grown from small retailers to large domestic and overseas customers in the following industries:-

edible oils
cereals products
biscuits products
dairy products
pharmaceutical products
motor oils
lubricants
paints
chemicals

Packaging products supplied by us are used to pack consumer products which are exported to the following countries:-

Singapore
Middle East
African Continent
Vietnam
Cambodia
Sri Lanka
Australia
New Zealand
Indonesia

1.最新公司况态--
(a)
CAN-ONE BERHAD
(Company No. 638899-K)
EXPLANATORY NOTES TO QUARTERLY FINANCIAL STATEMENTS
FOURTH QUARTER ENDED 31 DECEMBER 2014
PART B: REQUIREMENTS OF MAIN MARKET LISTING REQUIREMENTS OF BURSA
MALAYSIA SECURITIES BERHAD
Review of performance
The Group’s revenue increased from RM185.8 million in Q4,2013 to RM250.0 million
in Q4,2014. The pre-tax and post-tax profit increased from RM19.1 million and
RM15.6 million in Q4,2013 to RM33.9 million and RM29.1 million respectively in
Q4,2014.
General Cans division
Current quarter ("Q4,2014") compared with previous corresponding quarter
("Q4,2013")
Revenue from International Trading division increased from RM19.3 million in
Q4,2013 to RM38.1 million in Q4,2014.
Investment in associate
Associated company, Kian Joo Can Factory Berhad (“KJCF”) contributed RM11.6
million net profit to the Group for Q4,2014, an increase of RM3.8 million compared
with Q4,2013.
Revenue from General Cans division for Q4,2014 increased by 21.3% to RM111.5
million from RM91.9 million in Q4,2013 mainly due to higher demand for both tin cans
and jerry cans.
Gross profit margin improved for General Cans division from 12.4% to 13.7% in
Q4,2014 mainly due to higher sales and better operating efficiency.
Food Products division
Revenue from Food Products division increased from RM113.4 million in Q4,2013 to
RM161.2 million in Q4,2014 mainly due to higher demand for both sweetened
creamer and evaporated creamer.
Gross profit margin dropped by 0.2% to 12.2% in Q4,2014 mainly due to higher
operating cost of wages and electricity.
International Trading division
Page 12 of 25CAN-ONE BERHAD
(Company No. 638899-K)
EXPLANATORY NOTES TO QUARTERLY FINANCIAL STATEMENTS
FOURTH QUARTER ENDED 31 DECEMBER 2014
1.
(b)
Revenue from Food Products division increased from RM484.5 million in YE 2013 to
RM585.2 million in YE 2014 due to higher demand of its products.
Gross profit margin decreased by 2.7% to 10.3% compared with YE 2013 due to
lower average selling price and higher wages and electricity cost.
Review of performance (cont’d.)
The Group’s revenue increased from RM772.9 million in YE 2013 to RM898.9 million
in YE 2014. However, the pre-tax and post-tax profit dropped from RM94.0 million
and RM77.3 million in YE 2013 to RM88.1 million and RM71.0 million respectively in
YE 2014.
General Cans division
Food Products division
Revenue from General Cans division for YE 2014 increased by 12.5% to RM405.6
million from RM360.4 million in YE 2013 mainly due to increase in tin can and jerry
can sales.
Gross profit margin reduced by 2.3% to 10.5% from YE 2013 mainly due to higher
raw material cost of jerry can resins and losses incurred by flexi pack and rigid pack
as it has yet to reach optimum production level.
Revenue from International Trading division increased from RM81.2 million in YE
2013 to RM110.6 million in YE 2014.
Associated company, KJCF contributed RM35.9 million net profit to the Group for the
YE 2014 compared to RM39.0 million in YE 2013.
International Trading division
Investment in associate
Current financial year ended 31 December 2014 ("YE 2014") compared with
previous financial year ended 31 December 2013 ("YE 2013")
Page 13 of 25CAN-ONE BERHAD
(Company No. 638899-K)
EXPLANATORY NOTES TO QUARTERLY FINANCIAL STATEMENTS
FOURTH QUARTER ENDED 31 DECEMBER 2014
2.
International Trading division
Revenue from Food Products division increased from RM146.9 million in Q3,2014 to
RM161.2 million in Q4,2014. Gross profit margin for Q4,2014 improved from 10.0% to
12.2% mainly attributable to higher turnover and better operating efficiency.
Variation of results against immediate preceding quarter ("Q3,2014")
The Group’s net revenue increased from RM223.9 million in Q3,2014 to RM250.0
million in Q4,2014. Pre-tax and post-tax profit increased from RM18.1 million and
RM15.3 million in Q3,2014 to RM33.9 million and RM29.1 million respectively in
Q4,2014.
General Cans division
Food Products division
Revenue from General Cans division increased from RM104.9 million in Q3,2014 to
RM111.5 million in Q4,2014 mainly due to higher demand for tin cans.
Gross profit margin for General Cans division increased from 7.9% to 13.7% in
Q4,2014 mainly due to higher sales and better operating efficiency.
International Trading division contributed revenue of RM38.1 million for Q4,2014.
http://www.canone.com.my/index.html
erkongseng
Member Star
Posts: 285
Joined: Mar 2014		 08 Mar 2015, 05:36 PMPost #17

包装领域赚副达10.5%，食品领域赚副达10.3%，可见公司深具競争力。
Holding 1 share of CAN-ONE equal to holding 0.965 shares of KIANJOO,
0.071 shares of BOXPAK
1000 股 canone的价值是--
kianjoo 的股价为rm3.02乘以965股=rm2914 ,boxpak的股价为rm2.30乘以71股=rm163
因此 rm2914+rm163=rm3077 (每股canone只是持有kianjoo 股份都值rm3.07),完全还未计算本身有80%的f&b,
投资得过一眼就知.
erkongseng
Member Star
Posts: 285
Joined: Mar 2014		 27 Oct 2015, 03:51 PMPost #18

canone 5105 冠旺rm3.10 再加倉,美丽的前景己看到,買进与持有是良策---
2015 eps=44sen ,pe=10 ,stock price=rm4.40 ,官司迟早会解决,
对canone始终佔上风,因早年以便宜价购买kianjoo 3522
转自卡卡西兄,谢谢他的功课--
a)#quote from latest quarter result

Review of performance

Current quarter ("Q2, 2015") compared with previous corresponding quarter
("Q2, 2014")

The Group’s revenue decreased from RM232.7 million in Q2, 2014 to RM216.6 million
in Q2, 2015. The profit before taxation and profit after taxation increased from RM20.8
million and RM14.8 million in Q2, 2014 to RM29.7 million and RM25.6 million
respectively in Q2, 2015.

General Cans division

Revenue from General Cans division for Q2, 2015 decreased by 2.5% to RM95.5
million from RM97.9 million in Q2, 2014 mainly due to lower demand for tin cans.
Profit before taxation for Q2, 2015 decreased to RM4.5 million, from RM5.9 million
mainly due to lower revenue and higher raw material cost due to stronger USD
currency.

Food Products division
Revenue from Food Products division decreased from RM160.3 million in Q2, 2014 to
RM138.8 million in Q2, 2015 mainly due to weaker demand for sweetened creamer.
Even though there was a drop in revenue, profit before taxation for Q2, 2015
increased to RM17.7 million, from RM9.3 million mainly due to stronger USD currency
and better operating efficiency.

International Trading division

Revenue from International Trading division increased from RM24.4 million in Q2,
2014 to RM31.0 million in Q2, 2015.

Investment in associate

Associated company, Kian Joo Can Factory Berhad (“KJCF”) contributed RM11.4
million net profit to the Group for Q2, 2015, an increase of RM2.5 million compared
with Q2, 2014.

b)谢谢“曾经沧海难为水”的宝贵分享



公司有什么值得留意的地方
1. 公司旗下食品业务仍在快速成长中。加上公司投资的新淡奶生产线将在2015年6月开始投产，届时公司食品业务利润将增加。
2. 无论公司脱售或者不脱售建裕珍厂都对公司有利。若公司不脱售该股权，公司仍能每年从建裕珍厂分享3500万令吉的纸上利润，同时每年也将能取得913万至1826万令吉的股息收入用作偿还收购建裕珍厂借贷的利息开支。倘若公司脱售该股权公司将取得一次性4亿8000万令吉的现金。公司可以利用这笔现金去偿还银行贷款，为公司每年节省至少1200万令吉的利息开支，对公司长期而言绝对有利。
3. 若公司成功脱售建裕珍厂的股权，公司可能将利用部分款项充作特别股息派发给股东，而大部分的现金将用作偿还银行贷款。假设公司不以特别股息方式来回馈股东，公司也可能通过红股方式回馈股东。公司目前可分发利润占公司股本4.90倍，公司绝对有能力发红股回馈股东。




另加：
4. 公司食品业务的盈利贡献将会提高，原因是
a) CANONE持有的F&B股份已经从80%增加去100%, 所有F&B的盈利会贡献给CANONE
b) 奶价依然游走在低价，公司的成本会变得便宜，而且加工后的乳制品可以被保存。
c) 虽然上个季度的食品业务的营业额有下降，可是因为美金走强，该业务的利润却大幅度增加，从RM9.3 million增加至RM17.7 million。
erkongseng
Member Star
Posts: 285
Joined: Mar 2014		 11 Nov 2015, 05:09 PMPost #19

2015年11月11日星期三
5105 canone 冠旺rm3.82 再加倉--
360capitalist 网友分析--
a)Now RM 3.06,,,All Time high and Sky is limit,,, Still far from fair value RM 5.00 to 7.50..
Based on EPS 50 cts, at P?E 10 is RM 5.00, P/E 12,, RM 6.00 and PE 15.. RM7.50
b)I heard Investment Guru Koon Yew Yin is accumulating Can One shares. Is it true ?
c)CanOne is so cheap and only trade at P/E less than 6 based on EPS 60 cents. Look at its pace of growth, export oriented business with solid forex gains and fat margin from milk powder division (profit boost from low material cost from New Zealand, F&N registered 50% jump in profit).
So many corporate exercise can be explores with many subsidiaries can go for public listings. It carried King Koil matteress, Ibume instant noodles and many more.

It should be worth to hold with potential to shoot up to RM6.00. International Big Boy is eyeing at this stock now, but I don't think the owner will sell at this level or even RM6.00 on table deal. It has many synergistic for big boy like F&N with its controlling stake of 32.9% in Kian Joo that controls another public listed company BoxPak.

This is the real 3 in 1 Mega Deal of the century.
The bullet trains will not stop here,, Happy Trading
d)Mr. Pharker, we are talking about CanOne Berhad and not Kian Joo. We have received our dividend regularly around 10 cents. This is a well run company with smart guys running the operations that end up `Mouse swallow Elephant' scenario.. I referred to Can One controls Kian Joo..

We understand your frustrations and you should sell your Kian Joo shares because you are not getting any dividends and not happy with the way company being managed.

Mr, Koon, please enlighten Mr. Pharker a bit. Thanks
e)Mr. Koon like this type of stocks, strong and unbreakable earning growth with low PE..
Not all the people know how to appreciate this type of stock,, That make a big different...
Mr. Pharker.. How to proof Can One Owner is partnering with EPF to take private KJ ?
Court already given judgement and denying it.

I don't think KJ can be privatised at RM3.30 since Can One is refraining to vote in the EGM.

In order to mitigate your problem, I have good solution for you :-
Sell your Kian Joo shares and buy Can One shares. By doing so, you will end up indirectly still own Kian Joo shares via Can One and enjoy the dividends.

One Stone hit Two Birds..
f)Can One easily worth RM1.28 Billion based on following :-
A) Kian Joo 32.9% shares worth minimum RM 480mil to RM 547mil
B) Can One 100% owned subsidiary in Fast Moving Consumer Goods alone worth RM 600mil
C) Aluminium Can and Packaging : RM100 Mil
So, the fair valuation is RM6.60..

KJ Privatisation Deal :
Kian Joo RM3.30 deal will hit snag. To recap, Toyota Tsusho on Nov 2013 offer to buy-out Kian Joo at RM3.75 or USD 1.16 per share. At today USD 1.16 is actually worth RM5.60, So, we hope the price tag for KJ should move above RM3.75 level soon if the buyer is really serious to get the deal done.
g)I suggest aggressive accumulation on Can One as obviously BIG INVESTOR is on strong buying spree. Possibility of corporate exercise like bonus issue or free warrant in opting...
CanOne will go up straight.. fasten seatbelt to see it go to RM6.00 within 3 months,,,
erkongseng
Member Star
Posts: 285
Joined: Mar 2014		 14 Nov 2015, 06:34 PMPost #20

5105 canone冠旺的利好--

a)奶制品原料下跌近50%.
b)铝材料价格也下滑,(有32.9%于kianjoo股份).
c)开扩更多的海外市场.
d)年底美国升息,美元上升.
e)11月底Q3业绩向好,累积净利三季己达6千多万,全年可破8千5百万.
F)企业消息如发红股,WARRANT或股票拆细以回報股东,加强股票流通量.
G)官司和平解决,CANONE为大胜家.
这些因素都是使CANONE继续向北,引起人们的购兴,目前仍以单位数的本益比交易.
2015全年估计eps=rm0.50 ,pe=12 ,stock price=rm6.00
19天呈上升走势,后面必有利好,进与守为良策,rm6.00在等着上演.
供参考,进出自负.
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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