THE INVESTMENT APPROACH OF CALVIN TAN
Canone & CBIP: Compare & Contrast Their Performance to Determine Their Future Growth Prospect
calvintaneng
Publish date: Thu, 21 Apr 2016, 06:31 AM
calvintaneng
0 1,832
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
CAN-ONE BERHAD [S] (5105)
Company Website
Annual Report
General Meetings
Chart Period:
Above is the 5 Year Price Chart of Canone.
Below is the 5 Year Price Chart of CBIP
CB INDUSTRIAL PRODUCT HOLDING BERHAD [S] (7076)
Company Website
Annual Report
General Meetings
Chart Period:
From the Charts You Can SEE that the price of Canone has suddenly spiked upward while the Chart for CBIP shows A More Gradual Growth Pattern.
Canone is now at All Time High while CBIP is still selling below its previous High of Year 2014.
Now let's take a closer look at Canone & CBIP
Please Refer to Bursa Report
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2015
|
31 Dec 2014
|
31 Dec 2015
|
31 Dec 2014
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
236,260
|
249,955
|
886,473
|
898,946
|
| 2 | Profit/(loss) before tax |
17,178
|
33,932
|
98,309
|
88,088
|
| 3 | Profit/(loss) for the period |
13,938
|
29,106
|
83,811
|
70,999
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
13,938
|
26,481
|
80,107
|
63,776
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.25
|
17.38
|
45.93
|
41.85
|
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00
|
5.00
|
4.00
|
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 ($$) |
3.3110
|
3.4174
|
||
Above is the Latest Quarterly Report of Canone
Below is the Quarterly Report for CBIP
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2015
|
31 Dec 2014
|
31 Dec 2015
|
31 Dec 2014
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
196,810
|
206,033
|
554,088
|
600,893
|
| 2 | Profit/(loss) before tax |
66,027
|
32,812
|
139,594
|
108,446
|
| 3 | Profit/(loss) for the period |
46,349
|
27,226
|
102,709
|
97,222
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
38,989
|
24,196
|
93,647
|
91,205
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.42
|
4.55
|
17.82
|
17.17
|
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00
|
0.00
|
10.00
|
8.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.2700
|
1.1300
|
||
From the Results you will notice that
Canone last year quaterly result was 17.38 compared to 7.25 sen this year - a huge drop of 58%
While CBIP last year quarterly result was 4.55. Compared to this quarterly report of 7.42 sen - Up 37%
DIVIDEND YIELD
Current Price of Canone is Rm4.40 while its dividend yield is 4 cents or about less than 1%
The Current price of CBIP is Rm2.26. Dividend yield is 4 sen Plus 4 sen special dividend. So yield is 3.5%
What is The Forward P/E of Canone & CBIP
Canone last quarter result was 7.25 sen (Annualized 29 sen). At Rm4.40 it has a forward P/E of 15.17
CBIP last quarter result was 7.42 sen (Annualized 29.68. At Rm2.26 it has a P/E of 7.61
From here you can SEE that Canone is fairly valued While CBIP Shows Powerful Growth Potential
So To SUM It Up
CBIP Has Better Growth Potential Than Canone due to these factors
1) Canone now looks Toppish While CBIP is just stating its uptrend. CBIP is an uptrending stock.
2) Last Yearly Quarterly Result shows Canone suffered a 58% drop while CBIP enjoyed a 37% gain.
3) Canone dividend yield is less than 1% while CBIP is 3.5% - about same as one year Bank F/D rate.
4) So Putting money into CBIP will be superior compared to Canone now.
5) With CBIP Management stating that Business is now at its Best Due to Huge Incoming Orders for MODIALM Mill the future is very bright.
6) DYNAQUEST's STOCK PERFORMANCE GUIDE GIVES A 7* (Star) Rating for CBIP while it assign only a 4.5* (Star) for Canone.
7) BY ALL FUNDAMENTAL YARDSTICKS & COMING PROSPECTS CBIP IS THE BETTER CHOICE.
Final Decision is Yours
By Calvin Tan Research
Calvin,
Republic of Singapore
STOP PRESS!
What is the Target Price for CBIP?
If we take the P/e 15 (as Canone) CBIP Should trade at Rm4.20
YES! THE TARGET PRICE IS RM4.20
CHEERS!!
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Discussions
Be the first to like this. Showing 13 of 13 comments
canone......in the short term, as long as the Nutrition deal is not yet signed, it will keep interest in the stock.
in the long run, Canone is in a better position than CBIP.
2016-04-21 12:21
CBIP also not a bad stock. Chart wise, can give me some short term profits and hence bought some.
2016-04-21 12:24
as long as food is not sunset industry, packaging food is not sunset industry.
does not matter how it is packaged, Kian Joo and Can One will be there.
2016-04-21 13:27
joyswan Hi Calvin. Yr supporter. I hv invested in CBIP. Can i know what do you think of Boilermech? Could you give me some advises on this? TQ
21/04/2016 09:28
Joyswan,
boilermech looks a bit complicated. It has very little NTA. Revenue is down from past year quarter. But since it's also in Oil Palm biomass job I think it should also do better with coming El Nino. Another interesting thing is - Insiders are accumulating.
I need to see more clarity before forming a judgement. For now I think it is better to concentrate on CBIP as it has a Moat in Modipalm patent.
2016-04-21 20:38
rosetan An overly simplistic comparison!
21/04/2016 17:10
Rose
I like to invest in simple things I can understand. Warren invested in simple things like Coca Cola, Walmart & Wrigley Chewing Gum. Also SEE's Candy.
2016-04-21 20:40
Laughable to conclude based on Q4 results. If you look at annual results, clearly EPS of Can-One is 3 times of CBIP. Also no basis of comparison because both are in totally different industry!
2016-04-26 17:15
how can you trade pe of canone as same as cbip.different type of business.unless you say cbip got a good prospect will had peg of 15
2016-05-01 13:27
why dont you do comparison between Nestle and Xinquan? come on, CBIP and Canone is in total differ industry
2016-05-11 11:45
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
joyswan
Hi Calvin. Yr supporter. I hv invested in CBIP. Can i know what do you think of Boilermech? Could you give me some advises on this? TQ
2016-04-21 09:28