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9 comment(s). Last comment by stockmanmy 2016-04-21 13:27

Posted by Mohd Fahmi Bin Jaes > 2016-04-20 23:36 | Report Abuse

when article come out, its time to sell

paperplane2016

21,659 posts

Posted by paperplane2016 > 2016-04-20 23:56 | Report Abuse

Selling kianjoo fail

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-04-21 01:50 | Report Abuse

Long term investors, directors, substantial shareholders need to think strategically....and on this score, the directors of Can One are brilliant.

How did they made so much money selling milk? and now selling off 30% of the milk business at a PE of 20 to pay off all the bank borrowing for the acquisition of Kian Joo......Brilliant....and get to keep and control Kian Joo, a blue chip company .

and when you sell off 30% of the milk division at a PE of 20, there is very little earnings dilution, and what the company can do with the bonanza. and the listing of the milk business within 1 or 2 years., at a good valuation./


bad business to sell off Kian Joo on the cheap.

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-04-21 01:53 | Report Abuse

Can One also has their own can business. Now they also control Kian Joo....giving them a near monopoly status.

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-04-21 01:59 | Report Abuse

its a monopoly business run by brilliant people. Buy Can One and buy Kian Joo.

Posted by littlelolita > 2016-04-21 11:20 | Report Abuse

can anyone elaborates why kj is sunset industrial??

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-04-21 11:23 | Report Abuse

as long as you see cans in supermarkets, it is still not a sunset industry.

YiStock

1,984 posts

Posted by YiStock > 2016-04-21 13:15 | Report Abuse

Littlelolita got valid point. I should not put "sunset" business. Thanks for pointing out.

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-04-21 13:27 | Report Abuse

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.

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