Posted by sangkancil > 2021-12-01 22:48 | Report Abuse

根据财报，可口可乐今年Q3的营收增长主要是由于销量的大涨和价格上调抵消了商品和运费上涨带来的影响。

随着新冠疫情相关的不确定性正在减弱，餐厅和电影院消费逐步复苏，消费者们重出家门，带动了可口可乐第三季度销量大增。另一方面，通货膨胀推动了大宗商品原材料成本的上涨，使得可口可乐的塑料瓶、铝罐包装材料和高果糖浆原浆等原材料成本显著上涨，可口可乐在今年4月宣布涨价，将价格上涨的成本转嫁给消费者，以提升利润空间。

这是可口可乐时隔三年后的再次提价，上一次涨价是在2018年，当时公司给出的官方原因是时任总统特朗普提高了罐装原材料铝的关税价格。今年全球其他食品和饮料公司巨头也对产品进行了提价。以麦当劳为例，三季度财报显示，麦当劳净利润21.5亿美元，高于去年同期的17.6亿美元，同样受到了美国大客户订单和菜单的价格上涨的影响。

然而，当前食品企业面临的成本压力绝不仅仅是来自于原材料的价格上涨，更深层次的原因在于供应链危机。

Posted by sangkancil > 2021-12-01 22:48 | Report Abuse

空前的供应链混乱正在全球各个行业上演，今年全球汽车行业因芯片短缺损失约2100亿美元，食品饮料行业也被波及。供应链危机导致包装、物流、能源等供不应求、价格上涨，这与大宗商品价格上涨和粮食供应短缺叠加，更加导致企业不得不通过涨价抵消成本的上涨。

和其他零售公司一样，可口可乐在供应链中的混乱和商品成本上涨的现状中，遭遇了供应短缺。此前据外媒报道，由于“铝罐短缺”造成供应链危机，可口可乐在英国和欧洲大陆的装瓶业务正面临压力。新冠疫情和英国脱欧加剧大型货运卡车司机的短缺，使批发商难以将货物送到商店，带了一系列物流挑战。

Posted by sangkancil > 2021-12-05 16:16 | Report Abuse

E. RISKS
Volatility in commodity prices. Raw material generally makes up 70% to 80% of Can-One’s cost. Any big changes
in commodity prices will result in margin compression as it takes time for the company to pass on costs to its customers.
Foreign exchange risks. Can-One’s profitability is subject to currency effects as the raw material it uses are directlyor indirectly quoted in USD. About 35% to 40% of the group’s raw material costs are quoted in USD while the
remaining is sourced locally in ringgit. However, its income is naturally hedged as about a quarter of its sales are for export market.
Operational risks. Can-One is subject to local and foreign policies that could impact its profitability. Such policies include minimum wage, import and export policies among others. As a manufacturing company, it may also experience operational disruption such as pro-longed machinery breakdown/ accidents that could potentially affect its output. As an established company, we believe that Can-One have implemented sufficient measures to prevent such events and minimise impact of these incidents.

Posted by thesteward > 2021-12-29 15:47 | Report Abuse

At current price so undervalue

Posted by thesteward > 2021-12-30 12:05 | Report Abuse

Hopefully close the year at 4.50 at least

Posted by sangkancil > 2022-01-15 18:10 | Report Abuse

survive the crash.. not tech stock, no forced labour issue , not glove related ,
Stable business

Posted by Ooi Cheng Kee > 2022-02-24 21:11 | Report Abuse

QR BOM

Posted by firehawk > 2022-02-24 23:03 | Report Abuse

The Group's net revenue for Q4, 2021 increased by RM101.2 million or 15.3% to RM763.8
million. Loss before tax reported by the Group was RM199.0 million in Q4, 2021 mainly due to
the following:
- Inventories written down of RM26.9 million; and
- Impairment of property, plant and equipment and right-of-use assets of RM214.0 million.

Posted by firehawk > 2022-02-24 23:37 | Report Abuse

Operation profit margin also deteriorates,

4Q21 4Q20
Revenue 763,790 662,583
Cost of sales (697,915) (571,721)
---------- ---------
Gross profit 65,875 90,862

Posted by firehawk > 2022-02-25 10:43 | Report Abuse

The most interesting part is,
the share price dropped significantly in high vol,
and later, after market closed, the Q result was announced at 5.42pm,

:D :D :D

Posted by nuke > 2022-02-25 11:05 | Report Abuse

Probably involves Myanmar operations write-off like Boxpak (an associated co.?) .

Posted by treasurehunt > 2022-02-25 11:20 | Report Abuse

The impairments came from Myanmar operations & Contract Packing.

Impairment of PPE:
- Box Pak Myanmar - 95.6 million
- General Can Myanmar - 69.6 million
- Contract Packing - 59.8 million

Inventories written down:
- Box Pak Myanmar - 13.3 million
- General Can Myanmar - 15 million

Posted by alibiii > 2022-02-25 11:35 | Report Abuse

good info treasurehunt, where is all this info? cant find in the QR.

Posted by treasurehunt > 2022-02-25 11:53 | Report Abuse

Machineries in Myanmar remains running but at lower capacity due to economy slowing down after army has taken over government .

Posted by treasurehunt > 2022-02-25 11:59 | Report Abuse

alibiii. You have to read Box-Pak quarterly report first in the Review of Performance and follow by CanOne. Impairment PPE & inventories written down is derived from the total value in Canone after deducting Box-Pak's figures.

Posted by alibiii > 2022-02-25 12:03 | Report Abuse

i see i see. Thanks treasurehunt. This will be one off and next QR should be good. Rm3 should be good entry point

Posted by treasurehunt > 2022-02-25 12:04 | Report Abuse

It's actual a kitchen-sinking exercise.

Posted by alibiii > 2022-02-25 12:12 | Report Abuse

haha true. If situation improve there may have positive write back in the future

Posted by sheldon > 2022-03-01 13:15 | Report Abuse

Not much explanation given on the massive inventory & property, plant & equipment write down.

I personally have written-off this counter. I made >25k the first round. My 2nd strike doesn't look good in the near term. So I'll leave it aside & just collect whatever microscopic dividends they declare.

Posted by 8899EL8899 > 2022-04-10 14:32 | Report Abuse

sell profitable business,......go to buy unprofitable can joo company,......

Posted by sangkancil > 2022-04-19 15:01 | Report Abuse

China-based canmaker Baosteel’s first beverage can plant in Malaysia has started production. Located on a 16-acre site within the Eco Business Park V at Puncak Alam in the Klang Valley of Selangor state, construction of the plant began in December 2020 with commercial cans being made this month (February). The first phase of the RMB461 million (US$66m) project has the capacity..

Posted by sangkancil > 2022-04-19 15:03 | Report Abuse

It is a profitable business , otherwise china won't invest a plant in Malaysia

Posted by Leo1960 > 2022-05-02 15:00 | Report Abuse

China invest in Malaysia so that they can dump all their toxic materials in this Bolehland. The Japanese are also doing that now to keep their country clean after the Minimata incident

Posted by treasurehunt > 2022-05-02 15:54 | Report Abuse

Baosteel ad for employment of Assistant Production Manager. Salary: 4,500 - 6,300 MYR.
Salary so low ke?

Posted by Michael Kwok > 2022-08-24 21:17 | Report Abuse

Sell call canone 3.90-3.95.
Tp below 3
24/8/2022 9.16pm

Posted by sheldon > 2023-05-10 12:52 | Report Abuse

The miserly 4 sen dividend is not enough to excite and maintain an erection

Posted by princehero > 2023-05-30 20:37 | Report Abuse

Pathetic

Posted by sheldon > 2023-09-01 15:11 | Report Abuse

Now we have a Myanmar problem

Posted by goody99 > 2023-09-24 22:10 | Report Abuse

Did anyone attend the AGM? Any info worth sharing?

Posted by sheldon > 2023-11-30 12:46 | Report Abuse

If the current price is any indication, i think this quarterly results will be BAD!

Posted by sheldon > 2023-12-01 04:08 | Report Abuse

Told ya

Posted by firehawk > 2023-12-01 05:05 | Report Abuse

Variation of results against immediate preceding 3 months ended 30 June 2023 ("Q2,
2023")
General Packaging division
Revenue of General Packaging division in Q3, 2023 was RM713.3 million, an increase of
RM42.2 million from immediate preceding quarter mainly due to increase sales volume in all segments. However, profit before tax of the division decreased by RM25.5 million to loss before tax of RM0.4 million in Q3, 2023 mainly due to higher pre-operating expenses incurred for the set up of a new aluminium can plant in USA, unfavourable movement in foreign currency exchange rate and higher interest expense and partially offset by lower distribution expenses.
.
.
The new aluminium can plant in USA is expected to commence operations before the end of 2023. As a greenfield project, it is only expected to contribute positive results to the Group in 3 to 5 years time.

Posted by treasurehunt > 2023-12-01 09:27 | Report Abuse

Yeo family's excessive ambitious in expanding their business empire. They don't really care much about profitability of the business unit unlike the former, See family.

Posted by treasurehunt > 2023-12-01 09:52 | Report Abuse

Yeoh family is good at trading and marketing and that's the reason they did well in condensed milk business. What about tin can manufacturing business? obviously out of their expertise.

Posted by treasurehunt > 2023-12-01 10:06 | Report Abuse

Able global do well in tin can manufacturing even if the operation is much smaller than CanOne.

Posted by goody99 > 2023-12-01 10:23 | Report Abuse

Since the new aluminium can plant in USA is going to be loss making for a few years, maybe it is a good idea to sell now and buy back later.

Posted by treasurehunt > 2023-12-01 10:39 | Report Abuse

Its Myanmar aluminium can business has hit the snag due to political uncertainty. The first loss making entity in aluminium can, US is another loss making operations too.

Posted by mcheat > 2023-12-01 11:04 | Report Abuse

@treasurehunt With a result like that, and with high gearing, and the experienced president leaving, the future is bleak for the group if run by Yeoh family. I will be surprised if their financiers will not be concerned.

Posted by treasurehunt > 2023-12-01 11:30 | Report Abuse

Mcheat. Put it simple, Yeo family doesn't have sufficient expertise in managing the can manufacturing business.

Posted by treasurehunt > 2023-12-01 18:54 | Report Abuse

Yeoh did exceptionally well in trading and marketing business. He disposed 60% stakes in KingKoil for RM 116 million and condensed milk operations for RM 900 million in 2016. The biggest joke was he went into headache can manufacturing business through acquisition of Kian Joo.

Posted by fengtzekai > 2023-12-02 22:01 | Report Abuse

Yeoh made big fortune out of his investment in Can One and Kian Joo. But the guys who helped him left. Whether he and his family have enough expertise to run the business is questionable. The new finance team seems to only know how to kitchen sink it seems….

Posted by treasurehunt > 2023-12-04 16:57 | Report Abuse

The can factories in Kian Joo are far more diversed than original Can One. Production of cans ranging from exploiting high speed machine and low speed junks for big cans. Complex and messy. Being a CEO in CanOne is a life suffering job. Hahaha

Posted by ngyewchai76 > 2024-02-26 16:39 | Report Abuse

Yeoh is coming !!!

Posted by thesteward > 2024-04-12 09:25 | Report Abuse

Inventory of rm800m possibly are aluminum and tin?

Posted by thesteward > 2024-04-12 09:44 | Report Abuse

Inventory of rm800m possibly include aluminium a Tin. Undervalued

Posted by sheldon > 2024-05-14 21:07 | Report Abuse

What could possibly suddenly excite investors about this co? A freak spike in profitability? Another but generous dividend in the offing?

Posted by Dehcomic01 > 2024-08-02 13:47 | Report Abuse

Can One – can it remain No 1?

There was a change in the business profile of Can One in 2019. Post-2019, the average returns over the past few years were lower than the respective cost of funds, implying that there was no shareholders’ value creation.

While the Group is financially sound, there are no signs of improving operating performance.

The Group may be the biggest packaging company on Bursa Malaysia but size alone does not mean that it is a wonderful company in the Buffett sense.

Nevertheless, the market is pricing the company below its NTA. From a brick-and-mortar company perspective, this does not make sense unless you think that its assets are going to be impaired. https://www.youtube.com/watch?v=1f1GKKROsRQ

Posted by sheldon > 1 month ago | Report Abuse

What's the best strategy for this Co with fluctuating results from good to very bad? Given that its NTA is way above the share price, more so that a big chunk of real estate assets were not revalued for decades - its management should take initiatives to sell pieces of its massive real estate and realise some capital gains.

Use the gains / proceeds to reward the long-sufferring shareholders with nice fat dividends. Some companies have done likewise. Take Apollo for instance. What say you?

Posted by dompeilee > 4 weeks ago | Report Abuse

After earning from CanOne selling 1/3 on 8/1/17 above $3, 1/3 above $3.50 on 7/6/19 & 1/3 on 24/9/21 @ $3.85, I will wait for disappointed holders to throw all the way down to $1.8 give or take 20c b4 re-purchasing again! 😊

Posted by mcheat > 3 weeks ago | Report Abuse

This company is a piece of joke. Loss RM100 mil in a single quarter due to forex loss, albeit unrealised, indicated that their forex management is extremely lousy. There is another RM16.5 million forex loss buried under other comprehensive income!

However with US stengthening now, the unrealised losses will be reversed but the forex management is lousy!