value creation can come in many forms...... sale of Kian Joo sale of milk division
restructuring with listing of milk division sale of can division to Kian Joo
as the market PE for food consumables - milk is 15 -25 much higher than the PE 8 to 12 for can division by restructuring and focusing on milk division will be re-rated to $6.
of course, there is previous talk of KWAP taking a stake in the milk division at PE 20, the share will be rerated once the deal is confirmed.
The share is much over sold at current price. Milk division profits FY 2015 is $ 62 million....and growing fast.
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....
ksng0307
1,038 posts
Posted by ksng0307 > 2016-06-29 16:12 | Report Abuse
Safety wise, buy when it breaks 3.50