money untuk election

cimb reduce tp to 1.85

0.54

0.55

maybe genting buy dataprep

than wait at 4.00pm for showtime

Is a high capex expenditure company. So becareful with tech co.

Next qtr will still be losses. Need to wait another quarter. The actual beneficiary is nestle.

(Previous) Target price RM0.390, RM0.410
• (New) Target price RM0.475, RM0.500
• Last closing price RM0.420
• Potential return 13.0%, 19.0%
• Support RM0.410
• Stop Loss RM0.390

Possible for further upside. With reference to the Technical note published on 31 March 2017, target prices previously set were achieved, suggesting an average return of 12.6%. Hence a proportion of holding is recommended to be sold in order to realize some profit. Nevertheless, the balance should be kept to ride along with the improving momentum towards next resistance levels of RM0.475 and RM0.500. However, failure to hold at support level of RM0.410 may indicate weakness in the share price and hence, a cut-loss signal

Board to let shareholders decide on Goldis' proposal to privatice IGB

by daniel khoo


PETALING JAYA: IGB Corp Bhd will put forward a proposal to its shareholders to take the company private.

In an announcement yesterday, IGB said that the proposal by its biggest shareholder Goldis Bhd to privatise the former that is the owner of Mid Valley Megamall will be forwarded to its shareholders to decide.

This follows after a deliberation by IGB’s board of directors on this matter where it requested at the end of March for an extension up to April 28 to evaluate the proposed offer.

In a statement to Bursa Malaysia, IGB said the board of directors, minus interested directors, has deliberated on the offer by Goldis and has decided to put forward the offer to the eligible shareholders for consideration based on the preliminary opinion of the independent adviser.

Goldis which owns 73.43% of IGB is proposing to privatise the latter for an offer price of RM3 for each IGB share not yet owned by itself and Goldis’ persons acting in concert (PAC).

The privatisation is proposed to be carried in either one of the three ways. Shareholders may choose a 100% cash option where the entire privatisation offer price of RM3 be fully satisfied in cash.

IGB’s shareholders may also choose a combination of cash and shares: of which 30% of the offer price or 90 sen will be settled in cash and 70% of the offer price or RM2.10 will be settled through the issuance of new ordinary shares in Goldis at an issue price of RM3 per Goldis share.

Shareholders may also choose the cash and redeemable convertible cumulative preference shares (RCCPS) option: wherein 20% of the offer price or 60 sen will be settled in cash and 80% of the offer price or RM2.40 will be settled via the issuance of new RCCPS of a new class in Goldis at an issue price of RM3.28 per new RCCPS.

“The new RCCPS has the right to receive cumulative preferential dividends at the rate of 4.3% per year based on the new RCCPS issue price, and its tenure is seven years, with a conversion ratio of 1 new RCCPS into 1 new Goldis share,” the statement said.

The new RCCPS shall rank ahead in regards to payment of dividends on all classes of shares of the issuer, other than the existing RCCPS, the company said.

The new RCCPS dividends will be paid on a semi-annual basis subject to the availability of distributable profits and applicable laws.

The statement further said that some 26.57% of IGB’s shares that are not owned by Goldis and its PAC are eligible for this offer and the total consideration for this scheme is approximately RM1.06bil.

“Upon completion of this exercise, IGB will become a wholly-owned subsidiary of Goldis. It is envisaged that the full consolidation of the businesses of IGB and Goldis will create a more cohesive and efficient operating structure going forward,” the announcement said.

It further noted that IGB and Goldis are currently required to comply with the listing obligations by Bursa Securities for listed issuers, representing an overlap of administrative efforts and costs.

“The proposed delisting (of IGB) is expected to eliminate such overlap, dispense with expenses in maintaining the listing status of IGB and re-divert resources towards its core business,” it added.

The privatisation effort by Goldis is the first by the company to absorb and to de-layer the shareholding structure between Goldis and IGB.

The earlier corporate exercises in 2013 was for a proposed merger while the 2014 exercise was a voluntary general offer to increase its stake in IGB.

Goldis is a property investment company that is controlled by the Tan family which is led by Datuk Tan Chin Nam.

The crown jewel of the group is located at Goldis’ subsidiaries: IGB Corp Bhd and IGB Reit, while the family’s interest is mainly concentrated at Goldis.

StarBizWeek had recently reported that a de-layering or a simplification of the corporate structure would work well for all shareholders of Goldis.

The latest takeover differs from the voluntary general offer made in July 2014 which was proposed at RM2.88 per share and without any option of obtaining Goldis’ shares.

This latest takeover offer has this option and an RCCPS option as well.

For this privatisation to be successful, it will require a 75% shareholder approval out of the 26.57% shareholders that are eligible to vote.

IGB has prized assets such as Mid Valley City, which comprises 2.7 million sq ft of retail mall space, 3.2 million sq ft of prime office space in Kuala Lumpur and over 5,500 hotel rooms across the globe, according to a note by AllianceDBS Research.

IGB also owns a 52.3% stake in IGB Reit, which, in turn, owns Mid Valley Megamall and The Gardens Mall.

IGB’s balance sheet has also received an additional boost with the sale of the Renaissance Kuala Lumpur Hotel for RM765mil that was completed earlier this year.

Read more at http://www.thestar

Good lah if really take it private but what price..

2.80

VXL is led by its founder, Datuk Lim Chee Wah, the youngest son of late Tan Sri Lim Goh Tong, founder of the Genting Group that is one of the world's largest tourism developer and gaming operator. Today, the Genting Group has global operations that covers Oil & Gas, Plantations, Real Estate and Bio-tech.
Followed by the entrepreneurial spirit of the Lim family, VXL group continues to transform itself and makes strategic decisions in venturing into new markets to invest to achieve profitable long term growth. VXL and the Lim's family have successfully developed prominent integrated resorts and theme parks around the world, recent years investment includes Universal Studio Sentosa in Sentosa Island, Singapore; and the flagship development in China, the Genting Secret Garden in Zhangjiakou.

http://vxlgroup.com/face/investment.html

The Genting Secret Garden together with Chinese Government has won the right to host the 2022 Winter Olympics. Genting Secret Garden will host the free style and snow board events. This integrated resort is fast becoming the largest four-season resort in China in terms of size and variety of attractions and especially popular in Winter tourism.

Genting g share sooner or later will break the 10.00

project parthner with IGB Corp//

GOLDIS BERHAD (“GOLDIS” OR “COMPANY”)
(I) PROPOSED ACQUISITION BY GOLDIS OF THE ENTIRE EQUITY INTEREST IN IGB CORPORATION BERHAD (“IGB”) NOT ALREADY OWNED BY GOLDIS BY WAY OF A MEMBERS’ SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IGB PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016 (“PROPOSED SCHEME”);
(II) PROPOSED CHANGE OF NAME OF GOLDIS FOLLOWING THE COMPLETION OF THE PROPOSED SCHEME (“PROPOSED CHANGE OF NAME”); AND
(III) PROPOSED CHANGE TO THE CONSTITUTION OF GOLDIS (“PROPOSED CHANGE OF CONSTITUTION”)
(COLLECTIVELY THE “PROPOSALS”)
EXECUTIVE SUMMARY
On behalf of the Board of Directors (“Board”) of Goldis, CIMB Investment Bank Berhad wishes to announce that the Company has today submitted a formal proposal to the Board of IGB in respect of the Proposed Scheme for its consideration.
The Proposed Scheme is the proposed acquisition by Goldis of the entire equity interest in IGB not already owned by Goldis in order to amalgamate and make IGB a wholly-owned subsidiary of Goldis, which will likely eliminate the holding company discount of both entities. This would also create a more cohesive and efficient operating structure while eliminating the overlap of administrative efforts and costs as both Goldis and IGB are currently required to comply with the listing obligations prescribed by Bursa Malaysia Securities Berhad for listed issuers. The completion of the Proposed Scheme would result in the delisting of IGB from the Main Market of Bursa Malaysia Securities Berhad.
The Proposed Scheme would also present an opportunity for all the shareholders of IGB other than Goldis (“Scheme Shareholders”) to unlock their investment in IGB at a premium whilst providing them the option to participate as shareholders of Goldis by the exchange of securities, offering them exposure to a more diversified range of operations and earnings profile of the larger group. The potential participation of the Scheme Shareholders in Goldis will provide Goldis with a broader base and better spread of shareholders.
The Proposed Scheme offers RM3.00 for each IGB share held, to be settled by either one of 3 options, at the election of the Scheme Shareholders.
Summary of the 3 options offered:
Option 1 - Cash Option
:
100% cash
Option 2 - Cash and Share Option
:
30% cash + 70% Goldis shares
Option 3 - Cash and New RCPS Option
:
20% cash + 80% new redeemable convertible preference shares of Goldis (“New RCPS”)
 7-year New RCPS with 1:1 conversion into Goldis shares
 4.3% dividend rate per annum

LONDON, Feb 21 (Reuters) SUGAR* March raw sugar futures SBc1 rose 0.12 cents, or 0.59 percent, to 20.42 cents per lb.* Focus remained on upcoming expiry of the March raws contract SBH7 on Feb. 28. * The market was also monitoring weather in Europe, with concerns emerging that a dry winter could delay upcoming beet sowing in some regions and negatively impact final crop maturity, INTL FCStone said in a note. * This could dampen plans by Europe's major producers to bolster output by as much as 20% ahead of the removal of EU quotas in October. * Thailand, the world's second largest sugar producer, will also stop subsidising sugar production and drop domestic control of consumer prices by the end of the year, a Ministry of Agriculture official said on Tuesday. (Full Story)* May white sugar LSUc1 was down $2.80, or 0.51 percent, at $551.50 a tonne.

WHILE Fraser & Neave Holdings Bhd’s plan to take up a 23% stake in Cocoaland Holdings Bhd has drawn attention because it’s the latest in a series of share acquisitions involving listed food players, there’s another aspect of the F&N-Cocoaland deal that deserves some discussion as well.

In separate announcements to Bursa Malaysia on Thursday, the two Main Market companies disclosed that the agreement for F&N’s proposed subscription of new Cocoaland shares covers board representation. One of the conditions is that F&N is entitled to nominate two persons to sit on the Cocoaland board, including one as an executive director.

That’s standard stuff. When you’re the second largest shareholder in a company and you intend to be more than just a passive investor, it’s prudent and sensible that you have a say in the board decisions and in the running of the business.

What’s interesting though is that the subscription agreement also grants F&N the right to nominate the chief financial officer (CFO) of Cocoaland. It’s rare in corporate Malaysia for strategic investors to insist on having the explicit power to select CFOs of investee companies, more so when the founders of the companies are still in the driver’s seat.

We maintain our BUY recommendation on Cocoaland
Holdings with a higher fair value of RM2.80/share.

We expect some education properties to be disposed of in the coming
months, in line with management’s asset light strategy. This could be the next
share price catalyst, in our view.

COCOALAND VOLUME BIG

We expect Paramount to be re-rated as its earnings contribution from the
education division, which is more sustainable in nature, would be more
significant after its acquisition of REAL. Management also indicated that
its plans to monetise some education properties remain unchanged, and
some asset disposals may materialise in the coming months. We believe
these strategic acquisitions and disposals would support investors’
interest in the stock. Maintain BUY with a TP of MYR2.24 (48% upside).

is an acquistion

SUSPENSION OF SECURITIES

PARAMOUNT CORPORATION BERHAD


Type Announcement
Subject SUSPENSION OF SECURITIES

Description PARAMOUNT CORPORATION BERHAD




Paramount Corporation Berhad (the Company) wishes to announce that Bursa Malaysia Securities Berhad (Bursa Securities) has approved the Company's request for suspension of trading of its securities on the Main Market of Bursa Securities on Wednesday, 11 January 2017 from 9.00 a.m. to 5.00 p.m..

The request for suspension was made pursuant to Paragraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 10 January 2017.

share suspended

The share price already down to RM1.38. Now is RM1.50.

Paramount is selling the Education arm to private reit.

Trump's latest tweet has attacked Boeing's plan to replace Air Force One with a new 747; specifically the "$4bn" he says it will cost.This tweet has caused Boeing's shares to slide, and reportedly wiped more than $1bn off the company's stock marketvalue.His statement on the cost of replacing Air Force one also seems to be inaccurate. The Air Force has earmarked $1.65bnfor two Presidential planes, each a four-engine Boeing 747-8.

5.30

Current year to-date vs. preceding year to-date
The Group registered a higher revenue of RM765.34 million for the period ended 30 September 2016 as compared
to RM561.14 million a year ago. Correspondingly, the Group's profit before tax increased by 56.2% to RM41.98
million against RM26.88 million a year ago. All divisions performed better in the current period.
YEE LEE CORPORATION BHD.
(Company No. 13585-A)
14.
15.
16. NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Profit before tax is arrived at (crediting)/charging:-
30/09/15
RM'000 RM'000
Interest income (281) (818) (432)
Interest expense 1,366 4,264 3,759
Depreciation of property, plant and equipment 3,146 9,260 8,443
Provision for and write off of receivables 104 490 492
Provision for and write off of inventories 371 1,062 1,402
Loss/(Gain) on disposal of property, plant and equipment 2 (20) 18
Gain on disposal of assets held for sale - - (228)
Property, plant and equipment written off 1 3 25 146
(Gain)/Loss on foreign exchange (375) 1,317 (3,381)
(Gain)/Loss on derivatives - - -
Exceptional items - - -
-
9 months ended
Trading division
The trading division achieved a substantial increase in profit before tax from RM6.57 million a year ago to RM14.94
million on the back of remarkable sales growth of 48.9%. The impressive result was contributed from higher sales of
Campbell products, bottled water and Red Bull energy drinks.
5
30/09/16
(173)
Plantation division
The plantation division recorded a lower loss before tax of RM0.48 million in the current period as compared to
RM0.75 million a year ago. The lower loss was due to profit generated from sales of timber logs arising from
clearing of land for our new oil palm plantation project in Sabah. Although the tea plantation has not turnaround, the
loss has been reduced as compared to a year ago as a result of increase in sales. The palm oil plantation's
profitability was also affected by its replanting project.
RM'000
(2,879)
MATERIAL CHANGES IN THE QUARTERLY RESULTS COMPARED TO THE RESULTS OF THE PRECEDING
QUARTER
Despite the decrease in revenue by 6.5%, the Group recorded a higher profit before tax of RM13.49 million in this
quarter as compared to RM12.69 million in the preceding quarter. The improvement in the Group's profitability was
mainly due to higher sales of aerosol cans and palm oil mill able to turnaround in this quarter with better OER and
higher fresh fruit bunches ("FFB") processed offsetting the lower sales of consumer products in trading division.
138
2,972
-
-
-
1,251
CURRENT YEAR PROSPECTS
With the recent removal of palm based cooking oil subsidy scheme, except 1kg poly bag effective 1 November
2016, the Group is now able to compete in an open market without quantity quota restriction and with reasonable
profit margin. Despite challenging, the Board views this as an opportunity for the Group to increase its market share
with its long established cooking oil brands.
The tightening of quality control on FFB had shown positive sign of improvement in our palm oil mill's OER.
Together with improvement on production processes to enhance its OER, the palm oil mill is expected to remain
profitable in the remaining quarter.
Facing with the cautious consumer spending behaviour arising from the increasing cost of living, our trading division
has adopted a more aggressive marketing strategy with creative marketing campaigns and innovative products to
drive sales growth. The trading division had successfully secured the distributorship of the well known brands
"Ribena" and "Lucozade" range of products in September 2016. With expansion of warehouse and logistics, this
division will continue to secure for more profitable product distributorships to further enhance its products portfolio
and profitability.
Barring any unforeseen and adverse circumstances, the Board believes that the Group will continue to remain
profitable for the financial year ending 31 December 2016.

up

Dependence on raw materials. An estimated 70% of raw materials, such as wheat flour,
sugar, yeast, milk powder and soya beans, used in the food processing industry are imported.
As such, raw material prices are subject to fluctuations of world commodity markets, and
can negatively impact food manufacturers.

It has also successfully secured a contract to manufacture fruit
pastilles for GlaxoSmithKline Consumer Healthcare Sdn Bhd, a multi-national pharmaceutical
company.

1 Leverage Success Sdn. Bhd. 38.04% 87,046,628.00
2 Fraser and Neave Ltd 27.19% 62,211,466.00
3 RHB Asset Management Sdn. Bhd. 2.52% 5,756,632.00
4 Tan (Booi Charn) 2.40% 5,481,500.00
5 Public Mutual Berhad 1.87% 4,280,933.00
6 Employees Provident Fund (EPF) 1.60% 3,650,000.00
7 Rickoh Corporation Sdn. Bhd. 1.46% 3,333,333.00
8 Koh (Kin Lip JP) 1.45% 3,318,332.00
9 Norges Bank Investment Management (NBIM) 1.44% 3,302,906.00
10 Gibraltar BSN Life Berhad 1.42% 3,256,265.00
11 Mak (Tian Meng) 1.11% 2,548,666.00
12 KAF Investment Funds Berhad 0.89% 2,036,666.00
13 UOB Asset Management (Malaysia) Berhad 0.79% 1,804,032.00
14 Lau (Kee Von) 0.60% 1,373,066.00
15 Ho Sek Kee Sdn. Bhd. 0.59% 1,346,666.00
16 Chew (Pui Ming) 0.54% 1,246,197.00
17 Petroliam Nasional Bhd 0.52% 1,200,000.00
18 Pertubuhan Keselamatan Sosial 0.52% 1,188,000.00
19 Permodalan Nasional Berhad (PNB) 0.52% 1,180,000.00
20 Areca Capital Sdn Bhd 0.14% 325,333.00
21 Amfunds Management Berhad 0.04% 100,000.00

no Investor Name % Outstanding Position
1 RHB Asset Management Sdn. Bhd. 2.52% 5,756,632.00
2 Tan (Booi Charn) 2.40% 5,481,500.00
3 Employees Provident Fund (EPF) 1.60% 3,650,000.00
4 Gibraltar BSN Life Berhad 1.42% 3,256,265.00
5 KAF Investment Funds Berhad 0.89% 2,036,666.00
6 UOB Asset Management (Malaysia) Berhad 0.79% 1,804,032.00
7 Petroliam Nasional Bhd 0.52% 1,200,000.00
8 Pertubuhan Keselamatan Sosial 0.52% 1,188,000.00
9 Permodalan Nasional Berhad (PNB) 0.52% 1,180,000.00

EPF buy recently

Yee Lee Corporation may consolidate with a bullish bias after climbing above the downtrend line. Traders may buy if it breaches the MYR2.32 level, with a target price of MY2.45, followed by MYR2.60. The stock may turn sideways if it cannot breach the MYR2.32 mark in the near term. In this scenario, support may be found at MYR2.18, where traders can exit upon a breach to avoid the risk of a further correction.

both good and bad.

2.31 strong support

DKSH Valuation is more expensive than parent co

Cocoaland is currently trading at undemanding FY16-
FY18F PEs of 12-14x, which are below the group's 5-
year mean of 17x. We think that Cocoaland deserves a
premium valuation due to its 4% attractive dividend
yields, debt-free balance sheet, and strong brand value
and rising global position.

no leg to run

but price built in the new already

DKSH Holding AG-DKSH, Zurich, has been appointed by the consumer goods multinational The Procter & Gamble Company, Cincinnati/USA (P&G) to sell and distribute P&G’s brands in Hong Kong. DKSH as the leading Market Expansion Services provider with a focus on Asia started these sales and distribution activities for P&G with effect from October 1, 2016.

Technologies 04-Oct-2016 06:45:02 PM DKSH's Business Unit Consumer Goods, Asia's leading Market Expansion Services provider for fast moving consumer goods of international and local brands, has been appointed as distributor of P&G products in independent stores in Hong Kong and will provide order management as well as field marketing for P&G's business with the chain retailers in Hong Kong.With a dedicated sales team of over 80 people on the P&G business alone and a unique capillary distribution network, DKSH will drive excellence in sales and in-store execution and create demand by providing a positive shopper experience with the P&G brands at every point of sale.'The cooperation with DKSH is crucial for us to ensure a sustainable business model in a rapidly changing environment. We are highly impressed by the expertise of DKSH and its dedication to drive business in local markets. Hong Kong is an important market for us. We have had operations in Hong Kong for 30 years and with DKSH as our strategic partner we are looking forward to making our existing and new brands available to more Hong Kong consumers in the coming years,' said Michael Yates, President, Greater China Market Strategy & Planning, Hong Kong & Taiwan for P&G.Dr. Joerg Wolle, President & CEO of DKSH: 'Together with our clients, we develop tailor-made partnership solutions. They benefit from our capillary market penetration, reaching the smallest customer entity, and from our critical mass. We have deployed a dedicated team of DKSH specialists to ensure that P&G will reach its targets. The fact that one of the most important and most professional consumer goods companies partners with DKSH in an important region, speaks for itself.'DKSH Hong Kong was established in 1923 and employs more than 1,000 specialists. Its market expertise, local knowledge and capillary distribution network provide the basis upon which DKSH offers its customers and clients attractive, tailored business solutions.

http://www.srikdu.edu.my/

i find out that cocoaland help to manufatured ribena plastic bottled drinks, Lucozade drinks for suntory b&f malaysia sdn bhd

Here at Lucozade Ribena Suntory (LRS), we combine 85 years of knowledge, insight and expertise with an appetite for innovation to create some of the nation’s best-loved soft drink brands.


Formed in January 2014, when Japanese global beverage company – Suntory Beverage & Food, the world's 3rd largest soft drinks company - acquired Lucozade and Ribena, giving us access to some of the world’s best beverage insight, research, development, production and marketing.

KUALA LUMPUR: After being the subject of two failed takeover bids last year, snacks and candy maker Cocoaland Holdings Bhd said it will not consider anymore takeover offers — at least for now — and will concentrate instead on expanding its business.

“We are not considering anymore offers now as we don’t think we can get a good price under the current prevailing market condition,” said its executive director (ED) Lau Kee Von in a recent interview with The Edge Financial Daily.

“It would be a waste of time for us to spend our time discussing another takeover offer, which may turn out to be nothing eventually,” Lau said.

Hence, he said it would be better for him and his eight siblings to focus on their business and expand the company’s market share. He also gave assurance that there is no need to worry about the company’s succession plan.

“My youngest brother is only 40 years old and each of us has several children that we can groom to take over the business,” Lau said, although he admitted that none of the second generation had expressed their interest in taking over the business so far.

Cocoaland is controlled by Leverage Success Sdn Bhd, which has a 38% stake. The shareholders of Leverage Success are Lau and his brothers Liew Fook Meng, Liew Yoon Kee, Lau Pak Lam, Lew Foo Chay @ Lau Foo Chay and Lau Kwai Choon.

The second-largest shareholder of Cocoaland is Fraser & Neave Holdings Bhd, with a 27.19% stake.

Since 2014, Cocoaland’s management has been on the lookout for buyers to take over the company, citing the lack of successors to take over the business.

News reports in April 2015 said it was in talks with Swedish private equity group EQT Partners to dispose of a controlling stake in the company, though no firm offers were disclosed.

On the heels of that, the company received a takeover offer amounting to RM377.52 million or RM2.20 per share from Navis Asia Fund VII, LP. But the board decided to reject the offer in May that year.

A month later, it got a takeover offer from Hong Kong-listed First Pacific Co Ltd to acquire its entire business for RM2.70 per share or RM463.32 million, cash. But First Pacific, which is controlled by Indonesian tycoon Anthony Salim, withdrew its offer a month later, saying Cocoaland’s product range did not meet its overall regional food expansion plans.

Meanwhile, Lau shared Cocoaland will introduce a new series of “healthy” gummy candies — including collagen gummy, vitamic C gummy, multivitamin gummy and a calcium gummy — in the domestic market by the first quarter of 2017.

This, he said, is to tap the middle to higher-end market segments, where the company has no presence currently, and to capture more market share as consumers become more health-conscious.

More interestingly, Lau said the company plans to sell the new gummy candies solely on a new e-commerce platform to be established, eschewing the usual supermarket channel.

“The costs of production for the new products are relatively higher compared with normal gummy products. To keep the price affordable, we think it would be good to sell them via the online platform,” he explained.

The platform is in the making, he said, and should be ready early next year. However, he declined to share the capital outlay required for the new product range and e-commerce platform, or any expected sales figure.

For the first half ended June 30, 2016 (1HFY16), its net profit gained 20% year-on-year to RM18.67 million from RM15.56 million due to lower freight and forwarding charges and foreign exchange gain, while revenue stayed largely flat at RM129.89 million compared with RM129.41 million previously.

Aside from expanding its local market, Lau said the company will intensify its advertising and promotion campaign in China to capture more market share.

“We have now established our presence in almost every province in China,” he said. The company hopes to see between 10% and 20% sales growth in the country each year.

Besides China, which is its biggest overseas market, Cocoaland is also exporting its products to the Middle East, Indonesia, the US and Europe.

In a report dated Aug 29, 2016, Wilson & York Global Advisers Sdn Bhd maintained its “buy” call on Cocoaland, with a higher target price of RM2.78 from RM2.60 previously, after projecting that the company’s sales growth and capacity utilisation may accelerate faster than expected.

The research outfit also noted that the gummy and jelly maker is shifting to its own brand products, which have been beneficial for margins, citing the 12.7% jump in local sales value in 1HFY16.

Though it expects annual sales growth to be muted (0% to 3%) for the next few quarters as growth outlook in Asia and elsewhere softens, it said any short-term weakness in Cocoaland’s share price may be a good chance to buy.

Cocoaland shares closed down one sen or 0.51% at RM1.95 last Friday, valuing it at RM446.16 million.