小资女向前冲（大马股市）

Business 

- 生产及销售普通锡罐和塑胶罐

- 生产及销售食物产品

- 冠旺生产的锡罐和塑胶罐专门提供给包装油脂、麦片、奶粉、饼干、咖啡粉、机械油、化学品及油漆产品等

- 冠旺食物产品业务领域，旗下子公司——F&B Nutrition Sdn Bhd承接国际品牌的乳制品代工，生产兼包装甜炼乳、饮料奶精及淡奶等乳制品，产品都有各种认证，并分销到中东、非洲、亚洲等多个国家

Financial Performance

Overall performance

- Revenue  (QoQ: -2.5% ; YoY: 27.36%) 

- NP (QoQ: -39.1% ; YoY:37.6%)

General Can division

- Revenue  (QoQ:      YoY: 27.3%)

               (Q12016:RM87.7m ; Q12017:RM111.7m) 

- Reason: Revenue increased was due to higher demand for tin can and jerry can

- Revenue achieved the second highest among the year

- PBT increased also (quarter report did not mention),because higher sales and better efficiency

Food Division

- Revenue  (QoQ:      YoY: 26.7%)m

               (Q12016:RM133.2m ; Q12017:RM168.8m) 

- PBT decreased to RM12.3 million

- Reason: Revenue increased was due to higher sales, PBT decreased was due to higher distribution expenses

- Food division contributed half of the revenue to the group

Balance Sheet

- Cash and cash equivalents decreased RM19m/23% from RM82,706,000 to RM63,557,000

- TR increased 15.53% from RM276,729,000 to RM319,710,000

- LTB decreased 5.9% from RM218,214,000  to RM205,146,000

- STB increased 5.36% from RM257,272.000 to RM271,062,000

Technical

- PE: historical PE was around 6-7.9

- Share price flat flow

- Current Share price:RM3.4 (2/6/2017)

- Support level: RM3.2

 - 20 MA 线下+最新突破20 MA （进场）

Dividend

- According to past record, from the date company declare to pay dividend, share price will drop all the way down~

Shareholding

 - 无意间看到，原来官老爷之前有买！卖了卖了

- 官老爷在1/4/2016分批买进15,958,300只股 （Low: RM3.79, Close: RM3.86）

- 在3/4/2017 disposed 后 KYY 还有14,039,000只share,相等于7.306% 

- 官老爷卖了1919300只股。假设cost=7274147, 总卖价=3.35  （总卖价：6429655）

- 亏损了RM844,492 

Factors that would affect Canone

- Selling price of sweetned condensed milk products, Evaporated Milk Products

- Raw materials price (Tin)

Conclusion

- Would choose not to eneter because

1) According to past, share price would drop from declaration date

2) Historical PE was around 6-7.9

3) Canone's 5 years performance was good,however historical PE was 6-7.9.

    Given projected EPS 12.9 and PE 7.5. Share price is already overvalued

Reference:
http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=6768

http://www.canone.com.my/mb_tc.html