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2016-03-05 13:23 | Report Abuse
Just wanna investor play safe not asking them buy high unless can buy more when below 9
2016-03-03 21:18 | Report Abuse
Yup MATB. Your name tell everything . Must Add To Buy ^=^
2016-03-02 21:26 | Report Abuse
This year will become Gab n Carslberg member^=^
2016-03-02 00:10 | Report Abuse
Kawan Food Hit by 4Q forex loss
CIMB
■ FY15 net profit in line with market expectations but below ours at 89% of our
forecast, mainly due to unexpected 4Q15 RM0.9m forex loss.
■ 2015 revenue growth mainly due to the stronger US$ as production was already
running at full capacity.
■ New plant in Pulau Indah able to triple total production capacity. Management
targets growth in the ready-to-eat (RTE) market.
■ New plant expected to be ready by mid-2016; plant completion was delayed by 2-3
months due to delay by the contractors.
■ Maintain Add and target price.4.48
FY15 net profit up 54% yoy
FY15 revenue was up 11% yoy, driven by stronger export sales, mainly in US$. FY15 net profit growth was up 54.6%, mainly due to greater economies of scale and forex gains. No final DPS was declared, in line with our expectations. Production growth was generally flat – we estimate only 3-4% growth – as its existing factories were already running at full capacity. In fact, we believe the company had to turn down new orders as it could not fulfil the orders. Turning down new orders is a good problem to have.
2016-01-13 12:38 | Report Abuse
F&B the only one left behind...time to fly
2016-01-13 10:44 | Report Abuse
bye bye ..Kia ah...Lim ah...CNY angpao..^=^
2016-01-12 14:44 | Report Abuse
This Kia speed up by Mdm Lim, may be want rescue her son..see can speed up to 120 ka...hehe
2016-01-01 22:27 | Report Abuse
Dear Tan,
My pick as below 20% each
Aji
Kawan
Kialim
Rex
Upa
Thanks !
Tsong
2015-12-22 09:30 | Report Abuse
hehe..luckily sold yesterday..^=^
2015-12-14 14:35 | Report Abuse
godlike, as long can hit new high even heavy rain consider as dividend la..huat ah!
2015-12-08 11:46 | Report Abuse
cuma touch je 100 unit...3.00...testing water
2015-11-27 00:28 | Report Abuse
好朋友,出外靠朋友
朋友一升一起走,那些便宜日子不再有。。
CIMB New TP 4.48
Kawan Food
Best quarter ever
-9M net profit results were above our expectations mainly due to huge 3Q15 forex gains. 9MFY15 net profit met 95% of our full-year forecast.
-3QFY15 forex gains of RM4.8m were due to stronger US$. 9M15 forex gains stood at RM7.2m.
-New factory should be up by 1Q2016. Kawan can offer new products from new factory.
-Maintain Add. As we raise our FY15-16 EPS by 14-37% and roll over our P/E valuation to end-2016, our target price rises to RM4.48.
9M15 net profit up 64% yoy
9MFY15 revenue was up 10% yoy but net profit skyrocketed 64% to RM25.1m. The higher profit growth was mainly due to lower raw material costs and the stronger US$. 70% of Kawan’s revenue are exported, with the US being its biggest export market. No interim dividend was declared, in line with our expectations.
3Q15 the best quarter ever
3Q15 was the best quarter ever for Kawan. 3Q net profit came in at RM12.2m, aided by forex gains of RM4.8m in just this quarter. 9M15 forex gains came in at RM7.2m, compared to forex gains of only RM0.5m in 9M04.
Domestic sales were flat
The domestic market was the largest revenue contributor in 9MFY15, but revenue inched down 0.9% yoy. This is one of the rare few times where domestic revenue slid. Even during the 2008-2009 global financial crisis, domestic sales were up yoy. North America, the second-largest market, saw sales rise by 20% yoy to RM39.9m in 9MFY15. Europe posted the fastest growth in 9MFY15, with sales rising by 24% yoy.
New plant target to be ready by end-1Q16
Kawan is building a new factory in Pulau Indah, Selangor, which will be 5-6x the size of the existing freezer warehouse. Expected to be up and running by end-1Q16, the new factory and production line will allow the company to develop new products and target new markets. Its existing plant is already running at full capacity.
Net cash balance sheet
Kawan's balance sheet is healthy, with net cash of RM33m as at end-Sep. Its existing cash pile and proceeds from warrants (RM20m thus far in 9M15) should help fund most of the new factory's capex.
Maintain Add, target price raised
We raise our FY15-16 EPS by 14-37% to reflect forex gains and lower raw material costs. Our target price rises, as we roll it forward to end-2016, with the target P/E basis unchanged at 20x, a 25% discount to our F&B sector P/E of 25x. The stock remains an Add. Potential catalysts include successful completion of its new factory and strong export sales.
2015-11-23 17:17 | Report Abuse
sui sui boh chao zui....2 moro 1 more time
2015-11-20 13:40 | Report Abuse
够朋友。。ni macam baru kawan mah..Huat ah!
2015-10-21 19:58 | Report Abuse
2.60..luckly add more on monday 2.42...ni macam baru kawan mah...huat ah!
2015-10-18 00:35 | Report Abuse
Its subsidiary , Macro plastics s/b benefit export
2015-10-15 22:53 | Report Abuse
Become KFC Liao .. Kawan Fried Chicken. Crispy golden fried chicken n nuggets.. Xd
2015-10-12 18:47 | Report Abuse
UMA Liao .. Ular Mkn Anjing..xd
Stock: [AJI]: AJINOMOTO (M) BHD
2016-03-07 11:29 | Report Abuse
9.60 cannot tahan hari2 naik...man at work ^_^