| |
Dividend, Bonus, Split & Consolidation Hints : Click here to modify the Visible Columns. 4 people like this. Good123 PETALING JAYA: Resilient domestic demand and a recovery in demand from the European market are helping to sustain Kawan Food Bhd’s revenue growth. According to Inter-Pacific Research, the company’s sales growth in key foreign markets, such as the rest of Asia, has remained stagnant. Additionally, sluggish sales in the North America market were largely attributed to lower consumer sentiment. Meanwhile, the tensions in the Middle East might also cause delays in shipments that affect the sales in North America and European markets. That said, the research house anticipated a recovery in demand from the North America market due to its economic resilience that should largely preserve demand growth. “Furthermore, we expect export sales in the Chinese market to regain momentum following the government’s efforts to bolster market confidence through stimulus measures,” it added. Kawan Food’s calendar year 2023 earnings came in below Inter-Pacific Research’s expectations, only accounting for 93% of its full-year forecast, mainly due to lower operational efficiency and higher taxes. The research house further reduced its earnings forecasts by 0.3% for 2024 after taking into account the higher operating expenses. “We also maintain our ‘neutral’ recommendation on Kawan Food with a higher target price of RM2.02 by pegging an unchanged 20 times target price to earnings ratio (PER) to our 2024 earnings per share,” Inter-Pacific Research said. It continues to like Kawan Food for its overseas market exposure, ongoing initiatives for social and labour compliance, and robust research and development to expand its product offerings. Kawan Food’s 2023 revenue exceeded the research house’s expectations, which accounts for 102.1% of its previous full-year forecast. However, net profit slightly missed expectations, only making up 93% of the research house’s previous full-year forecast, mainly due to the higher administrative expenses incurred. Revenue increased 12.5% to RM81.4mil in the fourth quarter of 2023 from RM72.4mil, as the sales contribution from the European and China markets showed a two-time jump to RM9.8mil and nearly 1.5 time jump to RM2.7mil, respectively. With improving sales, pre-tax profit rose 22.8% to RM10.2mil from RM8.3mil, which gave an uptick of 1.1% to its pre-tax profit margin. The company’s net profit increased marginally by 2.1% to RM8.9mil. 07/03/2024 7:24 AM Good123 OTHERS KAWAN FOOD BERHAD ("KAWAN" OR THE "COMPANY") - AN INTERIM SINGLE TIER DIVIDEND OF 4.2 SEN PER ORDINARY SHARE KAWAN FOOD BERHAD Type Announcement Subject OTHERS Description KAWAN FOOD BERHAD ("KAWAN" OR THE "COMPANY") - AN INTERIM SINGLE TIER DIVIDEND OF 4.2 SEN PER ORDINARY SHARE The Board of Directors of KAWAN is pleased to declare an Interim Single Tier Dividend of 4.2 sen per ordinary share in respect of the financial year ending 31 December 2024. The entitlement and payment date will be determined and announced at a later date. This announcement is dated 22 February 2024. Announcement Info Company Name KAWAN FOOD BERHAD Stock Name KAWAN Date Announced 22 Feb 2024 Category General Announcement for PLC Reference Number GA1-22022024-00034 07/03/2024 7:25 AM Good123 Mr Adam joined Kawan Food Berhad Group of companies ("Kawan Group") as Advisor to Executive Chairman and Head of Transformation. He has more than 35 years management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods. He started his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director ("MD") for Greater China and Southeast Asia for Kellogg. Prior to joining Kawan Group in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MDs office where he served in change management, business turnarounds and driving group synergy across operating divisions. Change in Principal Officer - MR ADAM PANDIAN | https://www.klsescreener.com/v2/announcements/view/6136917 07/03/2024 7:27 AM Good123 Tambah lagi , dividen ada KAWAN - Notice of Book Closure KAWAN FOOD BERHAD Interim Single Tier Dividend of 4.2 sen per ordinary share Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 20 Mar 2024 2) The last date of lodgment : 21 Mar 2024 3) Date Payable : 02 Apr 2024 Remarks : Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant. Announcement Info Company Name KAWAN FOOD BERHAD Stock Name KAWAN Date Announced 07 Mar 2024 Category Listing Circular Reference Number ILC-07032024-00001 07/03/2024 8:34 AM Good123 Up hehe.. Analyst forecast price terkini rm2+ interim dividen kian naik @4.2sen dah 07/03/2024 9:12 AM Good123 roti canai KAWAN adalah tersedap di Malaysia.... accumulate some before it rises above RM2 as per analysts' forecast. hehe 07/03/2024 1:45 PM Good123 Kawan pun ada jual frozen roti canai, just buy and heat it up. Tak payah ma'am kat kedai mamak lagi jimat :) KUALA LUMPUR: “I was about to enjoy my roti canai when I heard an explosion in the kitchen area of the shop,” said Muhaimin Ahmad, 39, one of the customers at a restaurant on Jalan Bangsar Utama here, which caught fire at 11.30am today.... 07/03/2024 8:21 PM Good123 BAGUS, LOWER WHEAT PRICE China has never cancelled this many shipments of US wheat By Michael Hirtzer & Tarso Veloso / Bloomberg 12 Mar 2024, 12:59 am https://theedgemalaysia.com/node/704236 12/03/2024 11:16 AM Good123 Kawan Food Berhad, a company listed on the Kuala Lumpur Stock Exchange, has shown promising potential for growth due to several factors: Earnings Growth: The company is forecasted to grow its earnings by 18.9% per annum, which is a robust rate indicating potential profitability and financial health1. Revenue Growth: Analysts predict an 8.1% annual growth in revenue, suggesting an expanding market presence and increasing sales1. Return on Equity: The expected return on equity is forecasted to be 9.1% in three years, which, while not exceptionally high, still indicates efficient use of shareholders’ equity1. Market Position: Kawan Food’s position in the global frozen food market, which is projected to grow at a CAGR of 3.4% from 2019 to 2027, provides a favorable environment for the company to leverage its production capacity and capture demand growth2. These forecasts are based on the company’s performance and market trends, suggesting that Kawan Food Berhad is well-positioned to capitalize on opportunities and expand its business in the coming years. 12/03/2024 1:50 PM Good123 REMEMBER these four things: Investing is not gambling – only if you know what you are doing. Don’t let your emotions control you. Investing is a marathon – not a sprint. Focus on long term. Every market downturn in history, has ended in an upturn. 12/03/2024 6:20 PM Good123 Save Print Back KAWAN - Notice of Book Closure KAWAN - Notice of Book Closure ILC-07032024-00001 Interim Single Tier Dividend of 4.2 sen per ordinary share Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Dividend? as from: 20 Mar 2024 2) The last date of lodgment : 21 Mar 2024 3) Date Payable : 02 Apr 2024 Remarks : Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant. MANAGER, REF. DATA MANAGEMENT You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com 07/03/2024 07:00 AM Ref Code: 202403075100020 15/03/2024 10:02 AM Good123 REWARDS Trading at 63.8% below our estimate of its fair value Earnings are forecast to grow 16.63% per year Pays a reliable dividend of 1.99% 15/03/2024 4:31 PM Good123 Share Price vs Fair Value What is the Fair Price of KAWAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model. 63.8% Undervalued Current Price RM1.81 Fair Value RM5.00 15/03/2024 4:31 PM Good123 Below Fair Value: KAWAN (MYR1.81) is trading below our estimate of fair value (MYR5) Significantly Below Fair Value: KAWAN is trading below fair value by more than 20%. 15/03/2024 4:32 PM Good123 Earnings vs Savings Rate: KAWAN's forecast earnings growth (16.6% per year) is above the savings rate (3.5%). Earnings vs Market: KAWAN's earnings (16.6% per year) are forecast to grow faster than the MY market (11.5% per year). 15/03/2024 4:33 PM Good123 Revenue vs Market: KAWAN's revenue (8.2% per year) is forecast to grow faster than the MY market (5.6% per year). 15/03/2024 4:34 PM Good123 Earnings Trend: KAWAN's earnings have grown by 15.3% per year over the past 5 years. 15/03/2024 4:34 PM Good123 Kawan Food Berhad Balance Sheet Health Financial Health criteria checks 6/6 Kawan Food Berhad has a total shareholder equity of MYR393.2M and total debt of MYR3.6M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are MYR460.7M and MYR67.5M respectively. Kawan Food Berhad's EBIT is MYR25.0M making its interest coverage ratio 120.4. It has cash and short-term investments of MYR113.5M. Financial Health Score 6/6 Short Term Liabilities Long Term Liabilities Debt Level Reducing Debt Debt Coverage Interest Coverage 15/03/2024 4:35 PM Good123 Key information 0.9% Debt to equity ratio RM3.56m Debt Interest coverage ratio 120.4x Cash RM113.54m Equity RM393.17m Total liabilities RM67.54m Total assets RM460.71m 15/03/2024 4:36 PM Good123 Short Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its short term liabilities (MYR53.1M). Long Term Liabilities: KAWAN's short term assets (MYR235.6M) exceed its long term liabilities (MYR14.5M). 15/03/2024 4:36 PM Good123 Debt Level: KAWAN has more cash than its total debt. Reducing Debt: KAWAN's debt to equity ratio has reduced from 5.2% to 0.9% over the past 5 years. Debt Coverage: KAWAN's debt is well covered by operating cash flow (1582.3%). Interest Coverage: KAWAN's interest payments on its debt are well covered by EBIT (120.4x coverage). 15/03/2024 4:37 PM Good123 Key information 2.0% Dividend yield 43% Payout ratio Industry average yield 2.7% Next dividend pay date 02 Apr 24 Ex dividend date 20 Mar 24 Dividend per share RM0.036 Earnings per share RM0.086 Dividend yield forecast in 3Y 2.8% 15/03/2024 4:38 PM Good123 Stable Dividend: KAWAN's dividends per share have been stable in the past 10 years. Growing Dividend: KAWAN's dividend payments have increased over the past 10 years. 15/03/2024 4:38 PM Good123 Earnings Coverage: With its reasonably low payout ratio (43.1%), KAWAN's dividend payments are well covered by earnings. 15/03/2024 4:39 PM Good123 Cash Flow Coverage: With its low cash payout ratio (24.5%), KAWAN's dividend payments are well covered by cash flows. 15/03/2024 4:39 PM Good123 Recent management updates Kawan Food Berhad Appoints Adam Pandian as Group Chief Executive Officer, effective 01 January 2024 Dec 30 15/03/2024 4:39 PM Good123 Adam Pandian Tenure Mr. Adam Pandian is Group Chief Executive Officer of Kawan Food Berhad since January 1, 2024 and was its Executive Advisor to the Executive Chairman & Head of Transformation since joining in April 2023 until January 1, 2024. He has management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods. Starting his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director for Greater China and Southeast Asia for Kellogg. Prior to joining Kawan in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MD’s office where he served in change management, business turnarounds and driving group synergy across operating divisions. He finished Advanced Management Program by Prof. Peter Doyle, University of Warwick; Creating Competitive Advantage by Prof. Karl Moore, Oxford University; Strategic Management for HiPos, by Saatchi & Saatchi; Leaders developing Leaders Program, Kellogg Leadership Academy; Kellogg Leadership coaching; Howard Epstein (New York) and Graham Richardson (Sydney). He has Bachelor of Business Administration from National University of Singapore. 15/03/2024 4:40 PM Good123 Ownership Breakdown General Public 19.4% 67,960,969 shares Individual Insiders 34.3% 119,878,877 shares Institutions 46.3% 161,979,134 shares 15/03/2024 4:42 PM Good123 Top 24 shareholders own 80.57% of the company Ownership Name Shares Current Value Change % Portfolio % 36.1% Gfg Foundation, Endowment Arm 126,257,402 RM228.5m 0% no data 17.7% Nareshchandra Nagrecha 62,001,200 RM112.2m -13.9% no data 7.28% Thiam Gan 25,472,799 RM46.1m 0% no data 5.56% Public Mutual Bhd. 19,454,899 RM35.2m 0% 0.22% 2.9% Hun Soon Lim 10,137,028 RM18.3m 32.7% no data 1.67% Poh Ying Kong 5,834,100 RM10.6m 0% no data 1.35% Kumpulan Wang Persaraan 4,707,933 RM8.5m 0% 0.02% 1.32% Chung-Chen Wu 4,626,000 RM8.4m 0% no data 1.05% Eastspring Investments (Singapore) Limited 3,667,400 RM6.6m 0% 0.01% 0.93% UBS Asset Management AG 3,262,500 RM5.9m 0% no data 0.8% Tsai-Tien Chen 2,792,466 RM5.1m 0% no data 0.74% Peter Chiang 2,604,000 RM4.7m 0% no data 0.62% Kamal Shah 2,168,382 RM3.9m 0% no data 0.6% Maybank Asset Management Group Bhd. 2,112,600 RM3.8m 0% 0.63% 0.59% Kah Yin Yoong 2,070,000 RM3.7m 0% no data 0.59% Chia-Lung Wu 2,051,682 RM3.7m 0% no data 0.37% PHEIM Asset Management Sdn Bhd 1,293,100 RM2.3m 0% 1.18% 0.15% RHB Asset Management Sdn Bhd 516,100 RM934.1k 0% 0.07% 0.066% BOS Wealth Management Malaysia Bhd. 230,700 RM417.6k 0% 0.26% 0.048% SEI Investments Company 166,200 RM300.8k 0% no data 0.038% Acadian Asset Management LLC 132,700 RM240.2k 0% no data 0.035% Ka Gan 121,220 RM219.4k 0% no data 0.028% Fidelity International Ltd 99,600 RM180.3k 0% no data 0.022% Amanah Raya Investment Management Sdn Bhd 78,000 RM141.2k 0% 0.05% 15/03/2024 4:43 PM Good123 Name: Kawan Food Berhad Ticker: KAWAN Exchange: KLSE Founded: 1960 Industry: Packaged Foods and Meats Sector: Food, Beverage & Tobacco Market Cap: RM633.172m Shares Outstanding: 349.82m Website: https://www.kawanfood.com 15/03/2024 4:43 PM Good123 Baik... Malaysia market has been under-appreciated with the KLCI only recording 2 positive returns (in 2017 and 2020) over the past 10 years. This is mainly due to foreign fund selling, inconsistent policy follow-through, along with external forces such as the US sticking to higher rates for a longer period and a sluggish recovery in China. However, things have improved since the 2H of last year and this strong momentum persists into 2024, with KLCI registering +6.7% gains YTD as of Feb 2024, indicating signs of renewed optimism towards the Malaysia market. Despite the recent rally, we hold a positive view on Malaysia market over the medium to long term. $$$$$$$$$$$$ 16/03/2024 5:21 PM Good123 LAST DAY FOR 4.2 SEN INTERIM DIVIDEND. BUY B4 IT IS TOO LATE :) 1.83 - 1.84 NOW 19/03/2024 3:34 PM Good123 post pandemic , ramai yg kian susah...hanya mampu makan and masak kat rumah.. kawan mempunyai potensi tak terhingga bukan hanya di malaysia tapi global jugak. $$$$$$$$$$$$$$$$$$In 2022, according to the World Instant Noodles Association, humanity collectively bought a record 121 billion servings of instant noodles – some 17 per cent more than in 2018. In countries as diverse as Nigeria, Bangladesh and Turkey, the surge has been far more acute, with increases ranging from 53 per cent to 425 per cent. https://www.channelnewsasia.com/commentary/inflation-economic-outlook-instant-noodles-ramen-demand-4194896 20/03/2024 11:04 AM Good123 kian ramai makan kat rumah.../ frozen foods macam roti canai, capati, nasi lemak, dll dari KAWAN pasti melambung... beli sebelum terlambat 26/03/2024 3:13 PM Good123 BILA DALAM RADAR, BALIK rm2 TO RM3 HEHE @RedOreo Underlooked counter 1 day ago 27/03/2024 2:16 PM | |