Highlights
KLSE: CANONE (5105)       CAN-ONE BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
3.03   +0.08 (2.71%)  2.92 - 3.06  45,200
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Overview

Market Cap: 582 Million
NOSH: 192 Million
Avg Volume (4 weeks):23,800
4 Weeks Range:2.82 - 3.06
4 Weeks Price Volatility (%):
87.50%
52 Weeks Range:2.55 - 3.99
52 Weeks Price Volatility (%):
33.33%
Average Price Target: 3.65
Price Target Upside/Downside: +0.62
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  28-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: 4.11  |  24.36%
T4Q DY | Payout %: 1.32%  |  5.42%
T4Q NAPS | P/NAPS: 6.1122  |  0.50
T4Q NP Margin | ROE: 16.97%  |  12.08%

Headlines

Date Subject
19-Jul-2019 Stocks on Radar - Can-One (5105)
10-Jul-2019 下跌股:冠旺RM3.27支撑
19-Jun-2019 Mplus Market Pulse - 19 Jun 2019
18-Jun-2019 热门股:冠旺上挑RM4.00
18-Jun-2019 【视频】冠旺 减债省息净利高
17-Jun-2019 PublicInvest Research Headlines - 17 Jun 2019
17-Jun-2019 Can-One Berhad - Creamer unit sale near-term positive
07-Jun-2019 PublicInvest Research Headlines - 7 Jun 2019
07-Jun-2019 Mplus Market Pulse - 7 Jun 2019
05-Jun-2019 [转贴] [CAN-ONE BHD:缅甸的两家新工厂于2019年第一季度开始运营。由于这是一个新项目,冠旺只能预计这两家工厂在开业后4至5年内会做出积极贡献] - James的股票投资James Share Investing
05-Jun-2019 上升股:冠旺阻力RM4.09
04-Jun-2019 PublicInvest Research Headlines - 4 Jun 2019
04-Jun-2019 Mplus Market Pulse - 4 Jun 2019
03-Jun-2019 Can-One receives offer up to RM1b for dairy product unit
31-May-2019 Can One - a New Chapter
20-May-2019 建裕告别股东会议/万年船
03-May-2019 热门股:冠旺上挑RM3.53
30-Apr-2019 Daily Technical Highlights – (PHARMA, CANONE)
10-Apr-2019 上升股:冠旺阻力RM3.46
08-Apr-2019 核心客户稳 盈利增长强‧柔佛珍全神罐注

Business Background

Can-One Bhd engages in manufacturing of metal and lithographed cans, plastic jerry cans, and packaging and distribution of dairy and non-dairy products. It operates through following segments: General Cans, Food Products, International Trading, and Property and Investment Holding. The General Cans segment includes manufacturing and distribution of lithographed tin cans, plastic jerry cans, flexi pack, and rigid pack. The Food Products segment offers manufacturing and distribution of foods products. The International Trading segment involves the trading of dairy products and raw materials. Firm’s Property and Investment Holding segment and Food Products segment account for majority revenue of the firm. The firm generates a majority of its revenue from Malaysia region.
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  9 people like this.
 
ongth60 egm today
09/08/2019 10:14 AM
terence775 what's going on with can-one? From nearly 4 drop to like this
16/08/2019 2:55 PM
wwolves Hopeless company
17/08/2019 4:44 PM
lionel messi read the Edge Financial Daily today. says no special dividend. that's why. as mentioned by some gurus above, not an easy counter to make money. have to be very patient and only buy at very low prices.

also as mentioned by guru Lukey above, it's in their interest to keep share price low and depressed so that it will be cheaper to take it private later.

it is a deeply undervalued counter but need do your homework, read between the lines and be patient so as to beat them at their own game.
19/08/2019 8:38 AM
Surewind Expect share price to drop today?
I mean alot of ppl bought in anticipation for Special dividend.
Its good for the company but not so good to the investors.
19/08/2019 8:41 AM
terence775 Messi, only recently announced no SD, but price drop since 2+ months ago.. I was wondering what's wrong
19/08/2019 9:13 AM
lionel messi welcome to the dark and dirty world of this animal called the stock market where most of the time only insiders and investors with deep understanding and pocket make money.

selling or buying way ahead of the fact/news. like you said, price was dropping since 2+ months ago even with all the positive news, persons close to the directors were already selling ahead. due to their selling, other small investors also panicked which accelerated the fall.

likewise, these same people are probably buying back today after the news seeing that price did not fall sharply which likely indicate that price has more or less bottom.

of course there were other macro fear factors as well which caused share price to fall but by and large, it is an insider and rich man game.

that's why they go listing in the first place - to cash out and make money from minority shareholders. not many actually want to grow the company.

be careful and be very afraid.
19/08/2019 9:52 AM
Jeffreyteck Making profit but no dividend. Making losses or lesser profit eg sapura energy and airasia paid dividend. What's happened in bursa? Yes, is dirty world at your own risk amid beautiful governance structure. TP2.50.
19/08/2019 10:12 AM
terence775 Messi, thank you for your advice. But what choice do we have to invest our money and fight off inflation besides FD, unit trust and the share market... in the end kena makan also. Hard times we live in.
19/08/2019 10:49 AM
Op3rs after deducting one off's, profit is around 9m region. :)
29/08/2019 7:18 PM
Lukey_Greek Good sign... TA group also is looking at this stock. Too cheap to ignore
01/09/2019 5:39 PM
RainT PE 4???
16/09/2019 7:32 PM
princehero Kyy either a fool or a conman..
17/09/2019 3:16 PM
princehero Lost a lot few years bec in this Counter trusting him previously....
17/09/2019 3:17 PM
Up_down In the absent of profit contribution from condensed milk segment, Canone's prospect is seen gloomy in next 12 months. Myanmar Aluminum and Carton operations started operation in 1st Qtr 2019 but heavy start-up costs would pull down the performance. It takes at least 3 years to achieve break-even after commencement of the new factories.
17/09/2019 3:54 PM
Jeffreyteck Reasonable price if DY=3% at least.
14/10/2019 9:40 AM
gozilla88 this counter no hope for DY ..... put FD higher dividend than this counter.....
14/10/2019 4:43 PM
bsngpg AGM few years back, the BOD rejected request from small shareholders for free parking. If few ringgit also cannot be paid, we do not need to expect for high dividend from this company. But they use company money for luxury car.
14/10/2019 5:28 PM
Lukey_Greek Disposal of F&B Nutrition completed today. Company's borrowing power freed. Raw material tin price dropped. A good selection of asset play with good monetisation/ privitization prospect.
15/10/2019 7:23 PM
lcng123 Without F&B Nutrition business, CanOne financial result will like a shit.
18/10/2019 9:15 AM
KT197 This can one still haven't pay kianjoo investors their money after kianjoo been delisted for the past 5 months
28/10/2019 1:09 PM
Jeffreyteck Just noted this old news...
..Also, Kian Joo’s investment in carton and packaging plants in Myanmar is still in “deep investment cycle”, with profits only expected in the next three to five years.

“We need to look at the long-term growth of the group. We need to look after the company’s future growth rather than pay out everything as dividends.

That suggests minority eat grass will do for next few year but management and bod continue to live luxuriously since they work hard and are the best strategists that must be rewarded.
01/11/2019 6:48 PM
setia2u While you guys are so pessimistic on CAN-ONE, I am expecting some surprises from this so Can One company and I believe it is happening sooner than expected, cheers!!!
02/11/2019 8:51 PM
gozilla88 this counter waiting KYY to dump in money then sell.... no hope on management
05/11/2019 4:31 PM
setia2u Haha ....another baseless and negative comment!!!
07/11/2019 7:11 AM
Up_down I doubt the ability of the management in handling big operations. Look at their carton division, Boxpak, keep posting losses or tiny profit whereas Master, Orna & PPHB have been reporting increasing profit. Operations are sucked especially in Vietnam. They only focus in capturing market share and ignoring profit. Be prepared to hold for long term for investing in CanOne.
29/11/2019 10:24 AM
lcng123 CanOne management are crazy right now. Dispose profitable F&B business and privatised unprofitable business. You can just imagine the CanOne QR without F&B business in the future. No hope at all.
29/11/2019 11:24 AM
Up_down They should have dispose Boxpak since the operations is grossly inefficient. It's a liability. Carton business is operated in a very competitive environment due to low switching costs. Unlike canning business, switching costs is rather high to the customers in terms of testing and lead time. The operation went suck after the old management left Boxpak.
29/11/2019 11:59 AM
Up_down What a joke is they have expanded their carton business to Myamar. They can't even handle the existing operations and some more making new investment overseas in this low margin business.
29/11/2019 12:03 PM
lcng123 Agreed. The QR will getting bad. Look at JohorTin, they had expanded the F&B business in Mexico and the latest QR getting better. CanOne should go for F&B business rather than Canning and Packaging business.
29/11/2019 12:05 PM
Up_down Better migrate to Johortin for those who are interested in canning business asn CanOne may report lower and lower profit or even suffer losses.
29/11/2019 12:10 PM
lcng123 After dispose F&B business, sure loss in QR
29/11/2019 1:16 PM
Lukey_Greek Dont be too pessimistic. We are almost at the end of the tunnel and will see light in the next quarter result based on the following facts:

1) The tranche 1 of the selling price of F&B Nutrition of RM750m was paid on 15th Oct 2019 directly to AmBank & AmBank Islamic to settle the borrowings. This will translate to RM8.4m interest savings per quarter from 4Q19 onwards based on interest 4.5% p.a.

2) The profit for 3Q19 was pull down mainly by loss of RM8.7M in 3Q19 in the Edible Oils & Fats segments in Contracts Manufacturing Division. As we all know, crude palm oil price has strongly rebound. A positive return in 4Q19 is almost certain.

3) Boxpak, the subsi of Canone, has break even after many years of losses. This is due to drop in the corrugated paper price, resulted from the drop in the paper pulp price. Next quarter result should remain the same or a more positive return if the downtrend of corrugated paper price continues.

The combine of 1) + 2) will gives a profit of RM17m, which enough to offset the impact of the discontinued operations of dairy segments.
01/12/2019 10:23 PM
sheldon Lukey_Greek - I don't see how an increase in price of Edible oils & fats can be positive for Contracts Manufacturing Division?

I thought it'll be the opposite affect as the cost of input will rise.
02/12/2019 10:15 AM
Lukey_Greek Thanks for correcting my mistake on the edible oil segment.

After a more detailed study, edible oils & fats is a new business segment that the company has venture in to tap on some existing assets after the divestment of milk powder segment. Yoy, revenue grows a whopping 183x from 789k to 145m, while asset grows 130m, from 579m to 709m. Qoq, revenue grows 84.5m based on the notes quoted from 2Q19 below.

(Contract Manufacturing division registered revenue of RM512.8 million in YTD Q2, 2019, an
increase of RM84.5 million compared to YTD Q2, 2018, mainly contributed by edible oils and
beverages segments)

The losses i suspect should be one off set up costs incurred of moving machinery & perform re-calibration on the machinery computer setting to swift from milk powder to edible oil, & hiring costs of the new staff.

This will be a new revenue stream to partially off set the impact after divest of milk powder segment once the setting up expenses stabilized.
03/12/2019 11:33 PM
sheldon TQ Lukey_Greek - so you are referring to packaging of edible oils.
04/12/2019 3:18 PM
watchdog88 Drop like a rock ! hahaha !
19/12/2019 3:37 PM
Lukey_Greek The sale of F&B Nutrition was completed in early Oct 19. The profit will be booked in 4Q19. It will be fantastic.
22/12/2019 10:48 PM
Lukey_Greek Can-one just announced that the company has received tranche 2 amount payment consists of RM153.5m principal amount plus RM2.5m interest.

It means the minimal selling price of F&B Nutrition is RM900m & the company has earned other income of RM2.5m. Also, additional interest saving of RM1m per quarter from this RM153.5 m received).

The remaining balance of tranche 2 amount will be known & be paid soon in 1Q2020 after audited the financial statement.
01/01/2020 11:29 PM
sheldon I hope for a big fat dividend from this disposal. A lean company is good discipline for any management. However going by the track record and prejudiced by years of suffering as Kian Joo shareholder, I'm supremely confident that this will not happen.
09/01/2020 9:55 AM
hendrycheah A PE @ 3.8 with PTBV @ 0.44, it's a super undervalue company, but why no one interested in canone?
10/01/2020 4:03 PM
lionel messi Because the people running the show in Canone are too low profile and they don't entertain analyst, fund managers or syndicates resulting in low visibility and coverage. Most investors prefer to buy on the uptrend rather than buy and wait.

But smart money are slowly and quietly buying into it. The cheaper the better.
11/01/2020 9:57 AM
lcng123 suddenly up so much today.... good news ???
15/01/2020 12:35 PM
cclow41 who are canone competitors?
16/01/2020 11:05 AM
Larrytrader KIANJOO,who has been bought so probably F
16/01/2020 11:19 AM
16/01/2020 11:20 AM
lcng123 Johortin doing same business like CanOne but they are targeting in different markets. So they are not compete each other.
16/01/2020 10:52 PM
ruby20 engine starting..
19/01/2020 10:30 AM
mmusang Hope monday it will open even higher.
19/01/2020 10:51 AM
Jeffreyteck TP2.20 as dividends is likely to be low.
28/01/2020 9:17 AM


 

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