A few years back, Canone sold their F&B business for 1 billion. Johore tin's F&B business is at par if not superior than Canone, considering its venture into mexico. Its partner in mexico is a well established distributor and working closely with Walmart. At current market value of 500million, still very undervalued considering Canone's F&B sold at rm 1 billion, excluding tin business
Part of it is used for expansion. the rest is for property development in which the director Ng has experience in this field. who knows they might grow like Scientex
The management must first prove that the Mexico's operation is successful. I remain conservative on the prospect with regards to diversification to property development.
Spend so much money on lands, Net cash became net debt. Higher financial cost, depreciation cost, No more financial income. Short term pain (1-2 years) , long term gain. better stay away from this counter first
Anyone here have any insights into the land acquisition? Even though the deal will only complete in 2022, with property development the fundamental would be diffident... So more in Banting... Aiyo..
quite like the undemanding value proposition. But venturing in property development in this trying times, might not be the best bet. Mexico investment have not produce any profit yet.
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paperplane
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Posted by paperplane > 2021-06-01 13:19 | Report Abuse
mexico oh mexico