【CANONE 5105 交流专区】冠旺

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	249,955	185,800	898,946	772,881
2	Profit/(loss) before tax	33,932	19,136	88,088	93,956
3	Profit/(loss) for the period	29,106	15,599	70,999	77,270
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,481	14,018	63,776	69,669
5	Basic earnings/(loss) per share (Subunit)	17.38	9.20	41.85	45.71
6	Proposed/Declared dividend per share (Subunit)	5.00	5.00	5.00	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.4174		3.0224

icy97

Type	Announcement
Subject	OTHERS
Description	Proposed first and final tax exempt (single tier) dividend of 10% (5 sen per share) in respect of the financial year ended 31 December 2014
The Board of Directors of Can-One Berhad ("the Company") is pleased to propose a first and final tax exempt (single tier) dividend of 10% (5 sen per share) on 152,400,000 ordinary shares in respect of the financial year ended 31 December 2014 for shareholders' approval at the forthcoming Eleventh Annual General Meeting of the Company. This announcement is dated 26 February 2015.

icy97

CAN-ONE BERHAD

EX-date	18/05/2015
Entitlement date	20/05/2015
Entitlement time	04:00:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	First and Final Single-Tier Dividend of 10% (5 sen per share)
Period of interest payment	to
Financial Year End	31/12/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Malaysia Tel No. : 603-2264 3883 Fax No. : 603-2282 1886
Payment date	29/05/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	20/05/2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in percentage (%)	10

icy97

新產能投運‧冠旺看好2015

2015-04-30 10:42      
（吉隆坡29日訊）冠旺（CANONE，5105，主板工業產品組）預計今年第二季投運的新產能將在2015財政年貢獻高單位數營業額增長。

該公司執行董事楊明璋在股東大會後表示，今年業務展望因全球經濟因素充滿挑戰，但業績表現料有望維持去年水平。

“主要是受飲食（F&B）新增產能帶動，加上今年原產品價格，料從去年高點回落，有望正面提振獲利。”

冠旺採購的原產品包括棕油、糖、奶粉及馬口鐵等，去年因市場競爭、高原產品價格及無法調高產品售價，導致利潤被壓縮2%。

楊明璋預計，隨著乳製品新產能投運，短期內產能將增加15%，未來1年半產能料可逐步提昇至30至40%。

該新生產線預訂於今年第二季投運，投資額3千萬令吉，預計可帶動整體集團2015財政年營業額取得高單位數成長，維持去年相同淨利或微幅增長。

2014財政年，冠旺取得8億9千895萬令吉營業額，淨利7千100萬令吉。

對於消費稅影響，楊明璋說僅影響前兩個月現金流，因冠旺必須先繳交稅務。

“在消費稅實行的首兩個月，我們必須先提交1千萬令吉的稅務，第三個月才可從消費者身上索回。”

AISB購建裕珍廠還在上訴

另外，關於Aspire Insight私人有限公司（AISB）收購建裕珍廠（KIANJOO，3522，主板工業產品組）的進展，楊明璋表示目前該案還在上訴階段，尚無法確定會否再延長。

“延長期限將由其他單位決定，而且還需視法庭未來幾個月出爐的審判結果，再決定是否延長期限。”

目前，建裕珍廠和AISB已同意延長達成買賣協議所有條款期限至今年9月，早前該收購案因建裕珍廠執行董事拿督施朝源提出禁令申請而停頓，去年11月吉隆坡高庭已解除該項起訴。

至於收購F&B Nutrition私人有限公司余下未持有20%股權，楊明璋表示，大馬交易所已於今年4月20日批准，預計5月杪將舉辦特大尋求股東批准。（星洲日報／財經）

sp13501

一个很好玩的东西 。。。

icy97

獲准購乳製品商股權 冠旺首季淨利漲45%

財經企業28 May 2015 20:36
（吉隆坡28日訊）冠旺（CANONE，5105，主要板工業）獲股東允許，以1億1290萬令吉收購乳製品製造商F&B Nutrition私人有限公司（簡稱F&B）余下未持有20%股權。

同時，該公司今日發布本財年截至3月底首季業績，營業額按年微跌0.5%至1億9129萬令吉，淨利漲45%至1505萬令吉。

冠旺今日在特大上獲股東允許，從鄭國金（譯音）手中收購F&B 300萬股，在完成這項企業活動后，F&B將成為冠旺旗下子公司，並將通過發行3975萬新股的方式購買F&B，每股價格為2.84令吉，新股將佔公司繳足資本20.69%。

冠旺總營運長兼執行董事楊民章（譯音）在特大結束后接受媒體訪問時指出，儘管消費稅落實，但公司業務依然照常營運，並不會因消費稅造成嚴重影響。

“對我們來說，消費稅並不會構成挑戰，因為我們的系統相當完善，業務能照常營運。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	191,292	192,373	191,292	192,373
2	Profit/(loss) before tax	18,838	15,299	18,838	15,299
3	Profit/(loss) for the period	16,873	11,793	16,873	11,793
4	Profit/(loss) attributable to ordinary equity holders of the parent	15,053	10,382	15,053	10,382
5	Basic earnings/(loss) per share (Subunit)	9.88	6.81	9.88	6.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.5442		3.4174

icy97

CAN-ONE BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Acquisitions
Details of corporate proposal	CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY") - ACQUISITION BY CAN-ONE FROM TEH KHOY GEN OF 3,000,000 ORDINARY SHARES OF RM1.00 EACH IN F & B NUTRITION SDN BHD ("F&B") ("ACQUISITION")
No. of shares issued under this corporate proposal	39,753,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   2.8400
Par Value ($$)	Malaysian Ringgit (MYR)   0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units	192,153,000
Currency	Malaysian Ringgit (MYR) 96,076,500.000
Listing Date	16 Jun 2015

icy97

Notice of Interest Sub. S-hldr (29A)

CAN-ONE BERHAD

Particulars of Substantial Securities Holder

Name	GENKHO CANDOZ SDN BHD
Address	D117, Block D, First Floor, Kelana Square, 17Jalan SS 7/26, Kelana Jaya Petaling Jaya 47301 Selangor Malaysia.
NRIC/Passport No/Company No.	1145515-A
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Name & address of registered holder	Genkho Candoz Sdn BhdD117, Block DFirst Floor, Kelana Square17 Jalan SS 7/26Kelana Jaya47301 Petaling JayaSelangor Darul Ehsan

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	12 Jun 2015
No of securities	39,753,000
Circumstances by reason of which Securities Holder has interest	Allotment made by Can-One Berhad ("Can-One") pursuant to the Share Sale Agreement dated 13 June 2014 between Can-One and Teh Khoy Gen ("TKG"), in satisfaction of the purchase consideration of RM112,900,000 for the purchase by Can-One of 3,000,000 ordinary shares of RM1.00 in F & B Nutrition Sdn Bhd from TKG.
Nature of interest	Direct interest
Price Transacted ($$)
Total no of securities after change
Direct (units)	39,753,000
Direct (%)	20.69
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	16 Jun 2015

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	216,568	232,737	407,860	425,110
2	Profit/(loss) before tax	29,733	20,786	48,571	36,085
3	Profit/(loss) for the period	25,554	14,761	42,427	26,554
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,670	13,462	38,723	23,844
5	Basic earnings/(loss) per share (Subunit)	14.77	8.83	24.77	15.65
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.0540		3.4174

Remarks :

The Board of Directors of Can-One Berhad does not recommend the payment of any dividend in respect of the Second Quarter ended 30 June 2015.

令吉走软抬高业绩 冠旺股价涨14%

27/08/201519:20
（吉隆坡27日讯）制罐商冠旺有限公司（CANONE，5105，工业产品组）公布次季净利按年涨76%后，今早一度涨29仙或14%。

投资者冀望以出口为主的生产商，可从令吉兑美元汇率走低中受惠，而买入冠旺股票。

截至闭市，冠旺收窄涨幅，报2.25令吉，扬19仙或9.22%，共有135万7700股转手。

冠旺昨日公布，截至6月30日次季净利增长76%至2367万令吉，上财年同期为1346万令吉；营业额则从2亿3274万令吉，跌至2亿1657万令吉。

上半年净利从2384万令吉增至3872万令吉，营业额则从4亿2511万令吉跌至4亿786万令吉。

根据最新财报，冠旺的每股资产为3.05令吉。

令吉兑美元今日贬至4.2475，昨日曾触及4.2995的新低。

出口商如冠旺以美元出售产品，令吉汇率走低，当以美元交易的销售转换为令吉时，将推高进账。【光华日报财经】

kongsenger

canone 5105 冠旺 rm3.18 買入---

[size=13.1999998092651px]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
Saturday, 24 October 2015
Yes, we Can-One

GURMEET KAUR

Prized asset: A Kian Joo production line. Based on Kian Joo’s market cap of RM1.39bil or RM 3.15 share price, Can-One’s block is valued at RM460.27mil.
  
CAN-One Bhd, which has been involved in a long-drawn-out takeover of Kian Joo Can Factory Bhd, has shot onto investors’ radar. In a span of 17 days, its shares are up some 35% to trade at RM3.09.

The tin can manufacturer owns a 32.9% stake in Kian Joo, a stock in similar business but commanding a bigger market share and whose earnings are growing.

Based on Kian Joo’s market cap of RM1.39bil or RM 3.15 share price, Can-One’s block is valued at RM460.27mil. This is the amount it stands to get if the takeover exercise of Kian Joo goes through. The deal made some headway in June following a decision by the Court of Appeal to dismiss an attempt by a former Kian Joo director, Datuk Anthony See Teow Guan.

Teow Guan belongs the See family who founded Kian Joo more than four decades ago. He was voted out of the board at the company’s AGM earlier this year. There are a couple of catalysts driving interest in Can-One, one being a special dividends for shareholders could be on the offing. Another is Can-One could use the money to retire its debts to bring its gearing down. As at June 30, its loans and borrowings stood at RM262.4bil while cash was at RM71.29mil.

Can-One is smaller in size in terms of market value at RM559.17 bil based on Friday’s price. Yesterday alone, the stock added 18 sen or 6.19% to hit the new high of RM3.09. At this price it is trading at a price earnings of 6.06x.

In November 2013, Aspire Insight Sdn Bhd made an offer to take over Kian Joo at RM1.47bil or RM3.30 per share. The parties involved have until March 23, 2016 to sign a definitive agreement - the fourth extension in two years running to fulfil all the relevant conditions. The debate continues on whether the offer price should be revised. But so far there is no indication that Aspire Insight intends to review it although Kian Joo’s shares have been inching up recently to close at RM3.15 yesterday. According to Public Invest Research it is difficult for the See family to scupper the exercise unless it manages to get a number of institutional investors on its side.



Teow Guan’s elder brother Datuk See Teow Chuan has accumulated up to 8.6% of shares in the company now, while the other substantial shareholder is the Employees Provident Fund (EPF) with 10%. Notably, Aspire Insight is a joint venture between the EPF – which owns a 40% stake in the company through its unit Ekuiti Merdu Sdn Bhd – and Can-One Bhd’s former chief operating officer Chee Kay Leong. Chee owns the remaining 60% stake through private vehicle Alleyways Sdn Bhd.

What surprised many was Chee’s resignation from Can-One two days before the takeover offer was launched. Interestingly, soon after Aspire Insight’s offer Japan’s Toyota Tsusho Corp came in with an offer to take up a 51% stake in Kian Joo at RM3.74 per share. But that was not accepted by the company.

Kian Joo’s takeover exercise has been bogged down by lawsuits initiated by members of the See family. In November last year, the Kuala Lumpur High Court struck out See’s lawsuit against Can-One, with the last major hurdle seemingly out of the way for Aspire Insight to go ahead with the planned exercise.

Public Invest says that should the proposed transaction materialise, shareholders will have “a certain RM3.30 per share in our pockets.”

“If not, we will still see that value materialising. Over the longer-term it remains imperative that parent company Can-One derives stronger earnings (to increase its intrinsic value) from Kian Joo for greater dividend income.”

Kian Joo’s earnings have been growing steadily in recent years. It posted another good quarter with net profit up 28% to RM35.3mil in the second quarter ended June 30.

In terms of cumulative net profit for the first half of FY2015, it came in 34.2% higher at RM63.6mil. “This was slightly ahead of expectations and making up 54% of our full-year estimates,” notes Public Invest.

Kian Joo is the market leader in aluminium and tin can packaging with a market share of about 60%. According to a market observer, based Kian Joo’s first six months results, its net tangible asset (NTA) has risen to RM2.72. It is estimated to add another 10 sen to for the full financial year of 2015, bringing the NTA to RM2.82. When the RM3.30 offer was made, the stock’s NTA stood at RM2.33 or 1.42x and going by this benchmark the offer price should be revised to at least RM3.86 per share, the observer adds. Can-One’s bottom line is reflecting more from its 32.9% associate.

In the second quarter ended June 30, Can-One’s net profit jumped 76% to RM23.67mil, while revenue dropped nearly 7% drop. According to stock exchange filings, the higher profitability came from a stronger US dollar and higher contribution from Kian Joo that contributed RM11.4mil net profit to Can-One. This was an increase of RM2.5mil in the same period last year. Earlier this year, Can-One’s shareholders voted for the buyout of a minority 20% stake in F&B Nutrition Sdn Bhd - a producer of sweetened condensed milk in which it had 80% interest. It was an all-share deal worth RM112.9mil.

The company said that F&B is expected to contribute positively to earnings given that it has posted a 44.5% cumulative average growth in the last four years. It will also see the 76-year old founder of F&B, Teh Khoy Gen emerge as the second-largest shareholder in Can-One with close to 21% stake. Its largest shareholder Yeoh Jin Hoe’s stake in Can-One will be diluted to 23.5% from 29.63%. Yeoh is Can-One’s former MD and currently Kian Joo’s group MD.

kongsenger

BUY ONE FREE ONE STOCK!
Author: benjamin2013   |   Publish date: Sat, 17 Oct 2015, 10:25 PM
This stock has 32.9% stake in a company with 55% market share in tin can business and over 70% share in aluminium can business in Malaysia worth MORE THAN ITS OWN MARKET VALUATION!!!
The stake is worth at least RM484mn VS its market capitalization of RM450mn or Rm2.63 current market price.
Other than that, it has its own highly PROFITABLE business worth RM659mn or RM 3.42 per share.
At RM 2.63, you can take over the aptly named CAN-ONE with businesses WORTH AT LEAST RM6.23!

Scenario 1
If the deal to sell Kianjoo goes through, CAN-ONE will get RM484mn and possibly use 60% to pay debts and declare 40% as dividends. This would cut its gearing to only 24%! On the other hand, shareholders of CAN-ONE would get RM1.25 in dividends. My fair value for CAN-ONE is RM4.68 if the deal goes through.
Scenario 2
WHAT IF the deal does not go through? Japan’s Toyota Tsusho Corp (TTC) is waiting in line to BUY at RM 3.74 per share or RM0.43 more than offer from ASPIRE. EPF may join in the bid with sweeter deal for the market leader, said to be worth RM 4 per share by the See family. This will add another RM0.43 to shareholders of CAN-ONE, possibly through dividends.
Scenario 3
WORST CASE? No deal, but CAN-ONE will still have the 32.9% in Kianjoo and its own very profitable business. At current PER of only 5x, CAN-ONE is DIRT CHEAP! My fair value for CAN-ONE is RM3.77 based on 9x PER only.

Conclusion
Any way you put it, CAN-ONE is DEEPLY UNDERVALUED at RM2.57!!!
My first target price is RM3.77. CAN-ONE rocketed to a high of RM3.90 in November 2013 after ASPIRE offers RM3.30 per share to acquire Kianjoo. I will revise my target price if there are any fresh developments on the deal.
-------

Toyota offers RM3.74
Soon after Aspire Insight’s offer, Japan’s Toyota Tsusho Corp (TTC) came in with an offer to take up a 51% stake in Kian Joo at RM3.74 per share, which, according to Kian Joo chief financial officer Ooi Teik Huat, did not come with any proof of funds.
According to Anthony, a company as large as TTC, Japanese car giant Toyota’s steel and aluminium trading arm, did not need to provide any proof of funds, or make its offer known to the public.
“They said the TTC offer was an un-solicited offer, and there was no proof of funds. How can you question proof of funds – this is Toyota! TTC does not need to make public its offer because it is not even 2% of material interest [TTC’s assets], so they don’t need to disclose it to the public,” explains Anthony.
The offer was also higher than Aspire Insight’s, and Yeoh’s detractors say he should have considered it in the best interest of the shareholders.
KIAN JOO is worth RM4 per share
The See family is of the opinion that Kian Joo is worth a more than the RM1.47bil offer by Aspire Insight which works out to RM3.30 per share. This is on the grounds that some of Kian Joo’s properties have not been revalued since 2009.
Whether the properties ought to be revalued or otherwise is an accounting issue. However, some shareholders aligned to the See family feel that the revaluation ought to be taken into account as it adds more than RM300mil to Kian Joo’s net asset value. This would then bring its valuation closer to RM4, they contend.
“Kian Joo has a market share of 55% in the tin can business and over 70% in the aluminium can business in Malaysia, Kian Joo is the biggest packaging company in Malaysia with good profits every year and also declares dividends consistently... so why sell cheap?” says a shareholder aligned to the See family.
6)
資產脫售計劃掃除障礙‧建裕珍漲21仙‧冠旺揚18仙
Author: Tan KW   |   Publish date: Wed, 3 Jun 2015, 03:07 PM

kongsenger

为什么 rm 2.68 買入 5105 canone 冠旺---2015-3-4 16:48
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.
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。
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）kianjoo过去几年都派息,为何2014年停止了,是否要公布消息?而省掉股息,
持有10%kianjoo的epf 看来也该说话了.
13)于31-12-2014 现金有9975万,loan为2.4亿
14)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.
15)nta=rm3.41  ,食品业务成长良好,股价rm2.59 是吸引人的投资机会.
16)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.
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
http://www.fnb.com.my/product_02.html
http://www.kianjoocan.com.my/index.php?id=&&lang=cn

kongsenger

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---

[size=13.1999998092651px]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。

kongsenger

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,,,

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-16112015-00002
Subject	ARTICLE ENTITLED: "TOYOTA TSUSHO STILL KEEN ON STAKE IN KIAN JOO"
Description	REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY (Ref: IQL-16112015-00002)
Query Letter Contents	We refer to the above article entitled "Toyota Tsusho still keen on stake in Kian Joo" appearing in The Edge Malaysia on Page 8, 16 November 2015, a copy of which is enclosed for you reference. In particular, we would like to draw your attention to the underlined sentence which are reproduced as follows : "The financial adviser has contacted Kian Joo's controlling shareholder, Can-One Berhad, to express Toyota Tsusho Corp's interest, say the source." In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other persons reasonably familiar with the matters about which the disclosure is to be made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to clarify any misleading aspects of the same. In the event you confirm the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.
We refer to Bursa Malaysia Securities Berhad's letter Ref. No. IQL-16112015-00002 dated 16 November 2015 in relation to the article entitled "Toyota Tsusho still keen on stake in Kian Joo" appearing in The Edge Malaysia on Page 8, 16 November 2015, in particular the sentence reproduced as follows: "The financial adviser has contacted Kian Joo's controlling shareholder, Can-One Berhad, to express Toyota Tsusho Corp's interest, say the source." Can-One Berhad ("Can-One") has made enquiry from its Directors, major shareholders and all such persons reasonably familiar with the matters and wishes to clarify that Can-One has not received any such interest from Toyota Tsusho Corp. This announcement is dated 16 November 2015.

kongsenger

2015年11月18日星期三canone 5105 破了rm4.00,是否还有上升之路---

[size=13.1999998092651px]Kianjoo Q3 净利4424/3=1474万,贡献canone 7.6 sen 净利了,
Canone Q3 估计eps有18 sen,
Q1+Q2=24.5, Q3=18,Q4=18 全年eps=60 sen ,pe=10 ,stock price=rm6
a)转贴--
SOP ****兵慌马乱，心乱乱？除了汇率，对股值有影响吗？现在应该做什么？听多消息听杂音？
Author: SOP2   |   Publish date: Fri, 14 Aug 2015, 01:59 PM

yes 如果你投资的是股票，别再理会杂音。

yes 披甲准备出征，price is what you pay, value is what you get.

1* 经过估价后，选出一批精英，淘汰一些至足以组成一支队伍，准备上场比赛。

2* 挑选过程，经过计算，那个股会比较有潜能，策略二悌级或三梯级，跌多后由上买下，摊平持股。
最好买下摊平不要少过15%，虽然已超低价.得看个股为准。

3*要知道买到何价算便宜？比底部不超过20%是很理想。

4*如果第二级才回弹，可考虑卖一级，持一级。（因为到时会有选择机会和循环出现。）

5*懂得利用 技术交易者，可进行 buy on dip ,sell on strength交易，未必需要长期持有.(不是沿慢上升或下跌。）

兵荒马乱，心不乱。路的盡头有花开。赚钱需冒计算过的风险。

b)
投资股票的“黄金法则”就是只买会赚钱的公司，最好是盈利每年都在增长的公司。
也就是所谓的成长股，冷眼前辈称之为优质二线股。而官有缘先生更是只买EPS不断增长爆发的公司，
当中包括了VS, LATITUD, POHUAT, LIIHEN

c)
现在只是食品股的刚復苏，路还很長，也有很好的机会，进 canone可固定收股息,
并享受到资本上升,任何的投资都具有风险,我觉得这个股风险小.

正确机率多才能成功
所以，总括一句，我们只是平民散户，通过本身对投资的喜好和研究，希望（努力）在股市中挣到不错的回酬，
什么大师专家，受之有愧，不必对号入座。
不论我们做什么决定，都会诚实的面对结果。投资组合不是考试，不能每次要求一百分。
这三年多来，我们确然做了一些低级错误，不过也做了更多的正确决定，所以我们才能获得如此不差的成绩。
现实生活里，错和对总是交叉发生，每次都做对，不叫“成功”，那是“完美”，是每个人追求的境界（却不大可能达到）。
成功的投资者，只需要把正确的投资机率更多发生就是了。
取自于--http://klse.i3investor.com/blogs/golden_years/55570.jsp

kongsenger

从早期的TNLOGIS,PRLEXUS,LATITUT,PWRROT,LILLHEN,INARI,VITRO,KESM,WELLCAL,MAGNI,HOMERIZ,POHUAT,
EVERGREEN,SUCCESS,RGB,GADANG等,大致上只赚些绳头小利,并没给净化奔跑,其实中長期投资者只要
进入价合理与低价,都可以收藏,公司基本面不变情况下,不必急于出售,这次CANONE有3次进入价,
RM2.68，3.18，和近期的3.82 ,因此安全线很好,打算收中長期求更好的回酬.

---
這樣投資才會賺！決定一檔股票的「買進價」後，就閉上眼睛不要再看任何新聞
2015年11月18日星期三  撰文者dolin66  
http://www.businessweekly.com.tw/KBlogArticle.aspx?id=14641

yvonne5399

canone 5105 ~请问为什么今天股价升到那么夸张？

icy97

聯號公司貢獻增‧冠旺第三季淨利飆104%

2015-11-26 10:21      
（吉隆坡25日訊）食品銷售和聯號公司貢獻增加，帶動冠旺（CANONE，5105，主板工業產品組）截至2015年9月30日止第三季淨利大漲104.04%至2千744萬6千令吉。

首3季淨利也升高77.42%至6千616萬9千令吉。第三季營業額增長8.25%至2億4千235萬3千令吉，至於首3季營業額則微升0.19%至6億5千零21萬3千令吉。

冠旺在文告中表示，普通罐頭部門第三季營收增長8.6%，因所有包裝品的銷售升高，但由於彈性和硬性包裝及外匯虧損，而令盈利下跌。

食品部門營收增加5.1%，因新廠啟用令乳品銷售升高，加上營運效率提昇，令盈利有所改善。

聯號公司建裕珍廠（KIANJOO，3522，主板工業產品組）的淨利貢獻則增加540萬令吉至1千440萬令吉。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	242,353	223,881	650,213	648,991
2	Profit/(loss) before tax	32,560	18,071	81,131	54,156
3	Profit/(loss) for the period	27,446	15,339	69,873	41,893
4	Profit/(loss) attributable to ordinary equity holders of the parent	27,446	13,451	66,169	37,295
5	Basic earnings/(loss) per share (Subunit)	14.28	8.83	39.29	24.47
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.2509		3.4174

Remarks :

No interim dividend has been declared for the Third Quarter ended 30 September 2015.

kongsenger

2016 年的强势黑马 canone 5105 冠旺--
can one time profit rm2.60 (rm 4.60 to rm 7.20),


a)2016年2月底(Q4业绩公布),eps=15sen,股价可达rm5.00,nta=rm3.40
2015财政年eps=54sen,pe=12,股价=rm6.48

b)2016年5月底(Q1业绩公布),eps=15sen,股价可达rm5.50
(和2015年同季相比,净利约增长100%,因此股价上升机率大).

c)2016年8月底(Q2业绩公布),eps=15sen,股价可达rm6.00

d)2016年11月底(Q3业绩公布),eps=15sen,股价可达rm6.50

e)2017年2月底(Q4业绩公布),eps=15sen,股价可达rm7.00,nta=rm4.00
2016 财政年 eps=60sen,pe=12,股价=rm7.20

canone利好--
1)奶制品原料下跌近50%.
2)铝材料价格也下滑,(有32.9%于kianjoo股份).
3)开扩更多的海外市场.
4)年底美国升息,美元上升.
5)2016年2月底Q4业绩向好,累积净利三季己达6616万,全年可破9千万.
6)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.
7)官司和平解决,CANONE为大胜家.
8)余先生，kian joo 是我的顾客 , 马来西亚和越南的生产线在12月都会增加一倍，
他们的员工bonus都3，4个月的，哪看来这家公司真的在赚大钱喔！
(一个网友告知 ,那canone 10,11,12 月末季Q4业积会好).
Canone 持有32.9%kianjoo股份,而kianjoo 有54%boxpak,因此canone 更具投资价值,
canone 並有100%乳制品公司(f&b nutrition),未長成長空间大.
9)官有缘前辈的加股后,投资者更有信心了,canone也是投行的投资对象.
10)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.
11)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100%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(9.4倍),
是否被低估值?市场将会重新评价该公司.试目以待.
12)属下 dairy produsts 90% 供出口,未来成长看好.
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.
进与守为良策,rm7.20在等着上演.
供参考,进出自负.