(5105)
Description
Can-One Berhad, an investment holding company, incorporated on 7 January 2004. While its subsidiary companies are principally involved in the manufacture of metal and lithographed cans, plastic jerry cans and the manufacture, packaging and distribution of dairy and non-dairy products. Aik Joo Can Factory Sdn Bhd ("Aik Joo"), its wholly-owned subsidiary, has been involved in the manufacturing of tin cans for more than forty (40) years. It has evolved from a small tin can manufacturer to one of the leading tin can manufacturers in Malaysia. Can-One Group's venture into the manufacture of plastic jerry cans ("JC") via Aik Joo and Canzo Sdn Bhd, another wholly-owned subsidiary company, started with two (2) JC lines in 2003. It has since expanded to fifty (50) JC lines as at current date. In order to meet customers' demands for substitute packaging products, the Group introduced Bag-in-Boxes in 2008 thereby widening its range of packaging products. Can-One Group's penetration into the production of sweetened condensed milk via F&B Nutrition Sdn Bhd ("F&B") in 2006 has also met with astounding success. With the completion of a new plant in mid-2009, F&B continues to strengthen its position as an OEM manufacturer with the inclusion of an additional new product, evaporated milk, to its range of products.
Basic Information
| Category | Ind-Prod - Main Market | ||
| High | 3.350 | ||
| Low | 3.290 | ||
| Volume | 239,400 | ||
| Volume (B/S) | 5,000 / 3,600 | ||
| ROE | 23.8973 | ||
| P/E | 5.12 | ||
| EPS | 65.0007 | ||
| DPS | 4.00 | ||
| DY | 1.20% | ||
| PTBV | 1.2243 | ||
| Market Cap | 507M |
Financial Quarter Result
Profit for latest Q is far lower than Q1 last year which i believe, it was due to some company corporate exercise. However, NTA of the company continues to show a good growth.. Cant discuss more details on the financial cause i am not the right guy.. I will just go for basic financial information. I am not an investor but rather a trader.
From Chart we can see price on correction now after 2 days of very high spike recently.
If we compare to his partner, Kian Joo, we can see that KianJoo already breakout from the correction.. The movement of these 2 counters almost similar and clearly CANONE has thing to cath up.
Pairing trading is quite well known in Market.. So, i would pick CANONE to follow KIANJOO footstep. You can buy on confirmation once breakout.