Author Topic: KAWAN 7216  (Read 1158 times)

Offline Teosh

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KAWAN 7216
« on: May 10, 2021, 08:53:52 AM »
Kawan Food Berhad - My Food, My Friend
Author: PublicInvest    |    Publish date: Wed, 13 Jan 2021, 9:29 AM

Kawan Food Berhad (Kawan) is predominantly involved in the manufacturing of frozen food products and is the largest frozen paratha manufacturer in Malaysia with 40 years’ of experience in food manufacturing. The group manufactures frozen food products to cater for both local and export market. We forecast a 3- year earnings CAGR of 59% on the back of the capacity expansion and growing demand for frozen food. We believe this will be supported by the changing consumer’s preference towards frozen and convenient food and coupled with the Covid-19 outbreak, demand for longer shelf life food items are in favour. We initiate coverage on Kawan with an Outperform call and a TP of RM2.80, which suggests a potential upside of 35.9%. We derive our TP based on a PE multiple of 25x on its FY21F EPS.

An established frozen food manufacturer. Initially starting as a small scale family owned business, Kawan have since expanded to become one of Malaysia’s leading frozen food manufacturers with manufacturing bases in Pulau Indah, and Nantong, China. The group mainly focuses on frozen Asian food products, namely Paratha and Chapatti. Currently, its products are exported to 36 countries with US, UAE and UK being the major export markets.
Projecting strong earnings growth. Given the increasingly hectic lifestyles, there has been an increase in consumer preference towards frozen food that offers convenience. According to Grand View Research, global frozen food market is projected to grow at a CAGR of 3.4% from 2019 to 2027 to USD380.5bn. As the group is currently operating at 60-65% utilization rate, we believe that Kawan is poised to capture the demand growth given the ample additional production capacity. In addition, we are of the view that as consumers are slowly adopting to the new normal (ie: stay at home) to curb the spread of the Coronavirus pandemic, demand for frozen food will be sustainable going forward, likely to be driven by the increase in sales to retailers and e-commerce platforms. As such, we are projecting a 3-year earnings CAGR of 59% for Kawan Food.
Initiate with an Outperform call. We are initiating coverage on Kawan Food with an Outperform rating and a target price of RM2.80. We derive our 12- month target price for Kawan by pegging a P/E multiple of 25x (-0.5SD of Kawan’s 5-year historical average) to its FY21F EPS. We believe the valuation ascribed as fair considering the 3-year earnings CAGR of 59% given the change in consumption habits towards Ready-to-Eat (RTE) food, especially among the young working adults and millennials who value convenience that are expected to drive the demand for frozen food globally.
Source: PublicInvest Research - 13 Jan 2021

Offline Teosh

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Re: KAWAN 7216
« Reply #1 on: May 10, 2021, 09:31:02 AM »
https://www.theedgemarkets.com/article/kawan-food-continues-bank-positive-momentum

Kawan Food continues to bank on positive momentum

Esther Lee/The Edge Malaysia
March 10, 2021 14:00 pm +08


KAWAN Food Bhd had a good 2020. As Movement Control Order (MCO) restrictions kept many at home during the pandemic, the frozen food manufacturer enjoyed brisk sales last year.

Kawan Food’s revenue increased 18.9% to RM254.7 million in FY2020, backed by strong domestic sales, while net profit more than doubled to RM28.02 million from the previous year.

In the new year, Kawan Food is helmed by new CEO Ng Hooi Khai, following the resignation of Timothy Tan, who intends to pursue his own business interests, according to a company filing with Bursa Malaysia.

Ng, who officially took on the CEO role on Jan 1, describes the company as a “gold mine”. “The first impression I had about Kawan Food was that it is a gold mine because the necessary investments have been made and the team is committed. At this point, I think it is a matter of how we can further optimise the business, its systems and capacity,” he says in an interview with The Edge.

While 2020 saw Kawan Food sales pick up as a whole, one segment of its business did suffer — food services, previously identified as one of the company’s strategic growth areas. This year, Ng is looking to see not just a recovery but growth of the segment.

“This segment will certainly pick up once the movement restrictions are lifted because it is very much related to restaurants and the hotel industry. This is one very strategic segment that we continue to look at to keep growing our business,” he says.

It is worth noting that the food services segment contributed about 5% to the company’s total revenue in the pre-pandemic days. About 45% of its revenue was from the local market, with the bulk of sales derived from modern trade.

Kawan Food’s export markets make up about half of the group’s revenue and its products are mainly distributed to traditional retailers. In these markets, it is looking to be more aggressive in seeking new customers, including in new regions.

“One of my non-negotiable missions as CEO is the growth of the business, that is, to open new markets and bring in more customers. We’re doing pretty well overseas, but we recognise that a lot of it depends on organic growth of existing customers and only a small percentage comes from new customers,” says Ng.

These efforts continue to be a work in progress.

“We were unable to develop this kind of new customers [in modern trade] overseas last year because of the global lockdown. This year, we hope that, through our partners in selected regions, we will be able to develop customers in different segments, in addition to our current traditional retailers,” he says, adding that Kawan Food hopes to seal a deal in the second quarter of this year.

Ng believes there is potential in Europe, where its presence is still small, constituting about 8% of total group revenue for FY2020 ended Dec 31. At the same time, the group has plans for the local market, which grew faster than its export markets last year.

“We see that with all this awareness of modern trade distributors [about convenience and eating at home], they will certainly put all these frozen foods — including ours — into their key growth strategy and we will ride that wave,” he says.

Ng believes the surge in sales last year will subside this year, but it is difficult to gauge the extent of it at this stage. “When we talk about local sales, the first reason it is hard to say is that we don’t know what will happen next regarding the MCO. We are hoping that things can return to normal because that means it will help our food services segment. Whether the relaxation of movement restrictions will cannibalise the retail or e-commerce business is difficult to quantify for now.”

It is worth noting that Kawan Food commands about 60% of the domestic market when it comes to frozen flatbread. Its e-commerce venture has got off to a good start and the company plans to venture away from the Klang Valley to places such as Ipoh, Penang and Johor in the near future.

Nevertheless, Ng says there is a need to optimise the logistics aspect of e-commerce. “We are dealing with frozen food and it is different from selling a piece of garment. You need to identify local depots to work with you and the logistics cost is not cheap when it comes to frozen food.

“This is something we are addressing. Otherwise, it could tarnish our image if our products leave the factory in perfect condition but reach the customer in a condition that is less than perfect.”

In 2020, its e-commerce business hit RM1 million in sales and the aim is to continue growing this segment. Ng is confident that the company can reach double-digit revenue growth this year, given the pipeline and visibility seen in 1Q2021, the MCO notwithstanding.

“I am positive about the foundation that Kawan Food has built over the years. We can hit double-digit growth this year and it is not an unreasonable ambition,” he says.

Kawan Food closed at RM2.10 last Thursday, which translates into a market capitalisation of RM755 million.

 



Offline Teosh

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Re: KAWAN 7216
« Reply #2 on: May 10, 2021, 09:34:12 AM »
https://www.thestar.com.my/business/business-news/2021/01/15/kawan-to-ride-on-growing-frozen-food-demand
Kawan Food to ride on growing frozen food demand
By B.K. SIDHU
CORPORATE NEWS
Friday, 15 Jan 2021

PETALING JAYA: The history of Kawan Food Bhd dates back to the 1960s when the family of Gan Thiam Chai made and sold pastries such as “pau, spring roll and kuih.’’

All these were made manually then. It was only in the 1970s that he started a smallish outfit known as Kian Guan Trading Co and from there continued to expand the range of its products and supplied them to local grocers and supermarkets.

Kian Guan was subsequently renamed Kawan Food Bhd – now one of the major suppliers of frozen food.

Its products are also found in various supermarkets and grocery stores locally and in 36 countries globally. Its major export markets include the United States, the United Arab Emirates and the United Kingdom. Kawan was listed on Bursa Malaysia in 2005.

Sadly, only three broking houses are tracking this stock although during the Covid-19 pandemic and the lockdowns, demand for its products rose not just locally but also globally.

Frozen food market in Malaysia is forecast to grow at a compounded annual growth rate (CAGR) of more than 7% over five years, a report said. By the end of 2023, the market size would be about US$800mil.

Globally, Grand View Research forecasts the frozen food market to grow at a CAGR of 3.4% to US$380bil from 2019 to 2027.

Kawan Food has come a long way from its humble beginning and it now has manufacturing plants in Pulau Indah, and Nantong in China. From merely selling “kuih bakul’’ to ‘’kulit popiah, ” this company has expanded its product range since.

It is well known for its frozen ethnic food products. Its range includes paratha, spring roll pastry, frozen vegetable, chapati, finger food, bakery and desserts. They are sold under five brands – Kawan, KG Pastry, Passion Bake, Veat and Aman.

PublicInvest Research said flatbread or commonly known as paratha is the main revenue driver for Kawan, contributing about 45% of the group’s sales. Export sales account for 61% of Kawan’s export sales for financial year 2019 (FY19).

Overall, PublicInvest said the local market is the largest revenue contributor to Kawan, making up 39% of sales. North America is its largest export market, making up 27% of total revenue.

The house has forecast a three-year earnings CAGR of 59% on the back of the company’s capacity expansion and growing demand for frozen food.

“We believe this will be supported by the changing consumer’s preference towards frozen and convenient food and coupled with the Covid-19 outbreak, demand for longer shelf life food items are in favour, ’’ it said.

Both Kawan’s plants have enough capacity to grow to cater for growing demand.

During the first movement control order (MCO) in the country, its Nantong plant reached 60% utilisation, the report said. Prior to the MCO, the utilisation rate was about 45%.

Going forward, retaining margins and continued expansion of its product range is key.

For that, the group is working towards cost optimisation efforts including installing a solar panel system and automation to streamline its business processes to cut cost, both which could lead to lower operating cost.

Though the capital expenditure (capex) for solar installation is RM7.7mil, the savings in power bills over a period of time will be much more.

With cash reserves of over RM51mil as at end September 2020, the company is not likely to seek external funding. Each year, it put aside nearly RM20mil in capex maintenance.

PublicInvest said raw material costs accounted for about 38% of Kawan’s costs of goods sold.

In the past, its margins had been impacted by goods and services tax (FY16), foreign currency exchange losses (FY17), additional start-up cost for its plants (FY18), as well as higher labour cost and increase in depreciation cost from its new plant in Pulau Indah (FY19).

But the research house, which recently began tracking this stock, believes margins will be supported by Kawan’s ongoing cost optimisation efforts and higher utilisation rates.

It has forecast net profit margin to recover to 11.6%, 13.5% and 14.6% for FY20-FY22, respectively. This translates to RM31mil, RM39mil and RM46mil, respectively.

Bloomberg consensus estimates of revenue is RM269mil, RM300mil and RM330mil, respectively. Likewise, earnings per share is expected at 0.089 sen, 11 sen and 13 sen for FY20-FY22, respectively.

Of the three brokerages tracking the stock, two recommended “buy”, while the other has a “hold” call.

Although Kawan does pay dividends, it needs to formulate a formal dividend policy for investors to know what to expect in the future. PublicInvest has forecast a dividend per share of 4 sen (based on a 46% payout) which translates to a 1.9% dividend yield. As of FY20, the group has declared an interim dividend of 2.5 sen.

Year to date, its share price has risen 10 sen to close at RM2.14 yesterday. It has a market capitalisation of RM769mil. The consensus 12-month target price is RM2.98 a share.

Frozen food will always be in demand with the people’s changing lifestyles and the need for conveniences. But the challenge is about maintaining freshness and authentic taste to a competitive marketplace.

Offline Teosh

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Re: KAWAN 7216
« Reply #3 on: May 10, 2021, 09:37:49 AM »
KAWAN is best friend of everyone especially MCO major suppliers of frozen food :thumbsup:
and becoming China's kawan also lagi besar market  ;)

Offline Teosh

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Re: KAWAN 7216
« Reply #4 on: May 11, 2021, 09:41:53 AM »
steady cuz everyone still need to eat and Kawan is best friend when you hungry  :D

https://www.theedgemarkets.com/article/kawan-food-continues-bank-positive-momentum

Kawan Food continues to bank on positive momentum

Esther Lee/The Edge Malaysia
March 10, 2021 14:00 pm +08


KAWAN Food Bhd had a good 2020. As Movement Control Order (MCO) restrictions kept many at home during the pandemic, the frozen food manufacturer enjoyed brisk sales last year.

Kawan Food’s revenue increased 18.9% to RM254.7 million in FY2020, backed by strong domestic sales, while net profit more than doubled to RM28.02 million from the previous year.

In the new year, Kawan Food is helmed by new CEO Ng Hooi Khai, following the resignation of Timothy Tan, who intends to pursue his own business interests, according to a company filing with Bursa Malaysia.

Ng, who officially took on the CEO role on Jan 1, describes the company as a “gold mine”. “The first impression I had about Kawan Food was that it is a gold mine because the necessary investments have been made and the team is committed. At this point, I think it is a matter of how we can further optimise the business, its systems and capacity,” he says in an interview with The Edge.

While 2020 saw Kawan Food sales pick up as a whole, one segment of its business did suffer — food services, previously identified as one of the company’s strategic growth areas. This year, Ng is looking to see not just a recovery but growth of the segment.

“This segment will certainly pick up once the movement restrictions are lifted because it is very much related to restaurants and the hotel industry. This is one very strategic segment that we continue to look at to keep growing our business,” he says.

It is worth noting that the food services segment contributed about 5% to the company’s total revenue in the pre-pandemic days. About 45% of its revenue was from the local market, with the bulk of sales derived from modern trade.

Kawan Food’s export markets make up about half of the group’s revenue and its products are mainly distributed to traditional retailers. In these markets, it is looking to be more aggressive in seeking new customers, including in new regions.

“One of my non-negotiable missions as CEO is the growth of the business, that is, to open new markets and bring in more customers. We’re doing pretty well overseas, but we recognise that a lot of it depends on organic growth of existing customers and only a small percentage comes from new customers,” says Ng.

These efforts continue to be a work in progress.

“We were unable to develop this kind of new customers [in modern trade] overseas last year because of the global lockdown. This year, we hope that, through our partners in selected regions, we will be able to develop customers in different segments, in addition to our current traditional retailers,” he says, adding that Kawan Food hopes to seal a deal in the second quarter of this year.

Ng believes there is potential in Europe, where its presence is still small, constituting about 8% of total group revenue for FY2020 ended Dec 31. At the same time, the group has plans for the local market, which grew faster than its export markets last year.

“We see that with all this awareness of modern trade distributors [about convenience and eating at home], they will certainly put all these frozen foods — including ours — into their key growth strategy and we will ride that wave,” he says.

Ng believes the surge in sales last year will subside this year, but it is difficult to gauge the extent of it at this stage. “When we talk about local sales, the first reason it is hard to say is that we don’t know what will happen next regarding the MCO. We are hoping that things can return to normal because that means it will help our food services segment. Whether the relaxation of movement restrictions will cannibalise the retail or e-commerce business is difficult to quantify for now.”

It is worth noting that Kawan Food commands about 60% of the domestic market when it comes to frozen flatbread. Its e-commerce venture has got off to a good start and the company plans to venture away from the Klang Valley to places such as Ipoh, Penang and Johor in the near future.

Nevertheless, Ng says there is a need to optimise the logistics aspect of e-commerce. “We are dealing with frozen food and it is different from selling a piece of garment. You need to identify local depots to work with you and the logistics cost is not cheap when it comes to frozen food.

“This is something we are addressing. Otherwise, it could tarnish our image if our products leave the factory in perfect condition but reach the customer in a condition that is less than perfect.”

In 2020, its e-commerce business hit RM1 million in sales and the aim is to continue growing this segment. Ng is confident that the company can reach double-digit revenue growth this year, given the pipeline and visibility seen in 1Q2021, the MCO notwithstanding.

“I am positive about the foundation that Kawan Food has built over the years. We can hit double-digit growth this year and it is not an unreasonable ambition,” he says.

Kawan Food closed at RM2.10 last Thursday, which translates into a market capitalisation of RM755 million.

Offline Teosh

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Re: KAWAN 7216
« Reply #5 on: May 12, 2021, 08:36:24 AM »
Today Bursa half day hope Kawan give RAYA  :cash: early

Offline Teosh

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Re: KAWAN 7216
« Reply #6 on: May 17, 2021, 08:54:22 AM »
Today Bursa half day hope Kawan give RAYA  :cash: early

never mind la i waiting see can up tak  :rofl:

Offline Teosh

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Re: KAWAN 7216
« Reply #7 on: May 18, 2021, 08:51:55 AM »
online shope pun bole order so u think their sales good or not  :)

KAWAN is best friend of everyone especially MCO major suppliers of frozen food :thumbsup:
and becoming China's kawan also lagi besar market  ;)

Offline Teosh

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Re: KAWAN 7216
« Reply #8 on: May 21, 2021, 09:46:49 AM »
everyone like roti canai  :D MCO lagi makan banyak  :nod:  :handshake:

Offline Teosh

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Re: KAWAN 7216
« Reply #9 on: May 24, 2021, 10:18:59 AM »
 :D Shorten business hour by 2 hour does not stop ppl carving for food  :dancing: frozen food still in high demand  :nod:

Kawan Business good = continue distribute dividend  :inlove:


https://www.thestar.com.my/business/business-news/2021/01/15/kawan-to-ride-on-growing-frozen-food-demand
Kawan Food to ride on growing frozen food demand
By B.K. SIDHU
CORPORATE NEWS
Friday, 15 Jan 2021

PETALING JAYA: The history of Kawan Food Bhd dates back to the 1960s when the family of Gan Thiam Chai made and sold pastries such as “pau, spring roll and kuih.’’

All these were made manually then. It was only in the 1970s that he started a smallish outfit known as Kian Guan Trading Co and from there continued to expand the range of its products and supplied them to local grocers and supermarkets.

Kian Guan was subsequently renamed Kawan Food Bhd – now one of the major suppliers of frozen food.

Its products are also found in various supermarkets and grocery stores locally and in 36 countries globally. Its major export markets include the United States, the United Arab Emirates and the United Kingdom. Kawan was listed on Bursa Malaysia in 2005.

Sadly, only three broking houses are tracking this stock although during the Covid-19 pandemic and the lockdowns, demand for its products rose not just locally but also globally.

Frozen food market in Malaysia is forecast to grow at a compounded annual growth rate (CAGR) of more than 7% over five years, a report said. By the end of 2023, the market size would be about US$800mil.

Globally, Grand View Research forecasts the frozen food market to grow at a CAGR of 3.4% to US$380bil from 2019 to 2027.

Kawan Food has come a long way from its humble beginning and it now has manufacturing plants in Pulau Indah, and Nantong in China. From merely selling “kuih bakul’’ to ‘’kulit popiah, ” this company has expanded its product range since.

It is well known for its frozen ethnic food products. Its range includes paratha, spring roll pastry, frozen vegetable, chapati, finger food, bakery and desserts. They are sold under five brands – Kawan, KG Pastry, Passion Bake, Veat and Aman.

PublicInvest Research said flatbread or commonly known as paratha is the main revenue driver for Kawan, contributing about 45% of the group’s sales. Export sales account for 61% of Kawan’s export sales for financial year 2019 (FY19).

Overall, PublicInvest said the local market is the largest revenue contributor to Kawan, making up 39% of sales. North America is its largest export market, making up 27% of total revenue.

The house has forecast a three-year earnings CAGR of 59% on the back of the company’s capacity expansion and growing demand for frozen food.

“We believe this will be supported by the changing consumer’s preference towards frozen and convenient food and coupled with the Covid-19 outbreak, demand for longer shelf life food items are in favour, ’’ it said.

Both Kawan’s plants have enough capacity to grow to cater for growing demand.

During the first movement control order (MCO) in the country, its Nantong plant reached 60% utilisation, the report said. Prior to the MCO, the utilisation rate was about 45%.

Going forward, retaining margins and continued expansion of its product range is key.

For that, the group is working towards cost optimisation efforts including installing a solar panel system and automation to streamline its business processes to cut cost, both which could lead to lower operating cost.

Though the capital expenditure (capex) for solar installation is RM7.7mil, the savings in power bills over a period of time will be much more.

With cash reserves of over RM51mil as at end September 2020, the company is not likely to seek external funding. Each year, it put aside nearly RM20mil in capex maintenance.

PublicInvest said raw material costs accounted for about 38% of Kawan’s costs of goods sold.

In the past, its margins had been impacted by goods and services tax (FY16), foreign currency exchange losses (FY17), additional start-up cost for its plants (FY18), as well as higher labour cost and increase in depreciation cost from its new plant in Pulau Indah (FY19).

But the research house, which recently began tracking this stock, believes margins will be supported by Kawan’s ongoing cost optimisation efforts and higher utilisation rates.

It has forecast net profit margin to recover to 11.6%, 13.5% and 14.6% for FY20-FY22, respectively. This translates to RM31mil, RM39mil and RM46mil, respectively.

Bloomberg consensus estimates of revenue is RM269mil, RM300mil and RM330mil, respectively. Likewise, earnings per share is expected at 0.089 sen, 11 sen and 13 sen for FY20-FY22, respectively.

Of the three brokerages tracking the stock, two recommended “buy”, while the other has a “hold” call.

Although Kawan does pay dividends, it needs to formulate a formal dividend policy for investors to know what to expect in the future. PublicInvest has forecast a dividend per share of 4 sen (based on a 46% payout) which translates to a 1.9% dividend yield. As of FY20, the group has declared an interim dividend of 2.5 sen.

Year to date, its share price has risen 10 sen to close at RM2.14 yesterday. It has a market capitalisation of RM769mil. The consensus 12-month target price is RM2.98 a share.

Frozen food will always be in demand with the people’s changing lifestyles and the need for conveniences. But the challenge is about maintaining freshness and authentic taste to a competitive marketplace.

Offline Teosh

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Re: KAWAN 7216
« Reply #10 on: May 24, 2021, 10:20:59 AM »
tahpao and stay home work from home be safe  8)


:D Shorten business hour by 2 hour does not stop ppl carving for food  :dancing: frozen food still in high demand  :nod:

Kawan Business good = continue distribute dividend  :inlove:

Offline Teosh

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Re: KAWAN 7216
« Reply #11 on: May 31, 2021, 03:40:12 PM »
:D Shorten business hour by 2 hour does not stop ppl carving for food  :dancing: frozen food still in high demand  :nod:

Kawan Business good = continue distribute dividend  :inlove:



 :cash:

Offline Teosh

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Re: KAWAN 7216
« Reply #12 on: June 09, 2021, 04:12:55 PM »
KAWAN declared FY21 interim dividend of 3.0sen :cash: vs FY20 baru 2.5sen/share

 :clap: :clap: :clap: :clap:
Announcement Info
Company Name   KAWAN FOOD BERHAD
Stock Name   KAWAN
Date Announced   22 Feb 2021
Category   Entitlement(Notice of Book Closure)
Reference Number   ENT-22022021-00002
Corporate Action ID   MY210222DVCA0002


Entitlement subject   Interim Dividend
Entitlement description   
Interim Single Tier Dividend of 3.0 sen per ordinary share
Ex-Date   08 Mar 2021
Entitlement date   09 Mar 2021
Entitlement time   5:00 PM
Financial Year End   31 Dec 2021
Period   
Share transfer book & register of members will be    to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date   30 Mar 2021
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers   09 Mar 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit   
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)   
Entitlement indicator   Currency
Announced Currency   Malaysian Ringgit (MYR)
Disbursed Currency   Malaysian Ringgit (MYR)
Entitlement in Currency   Malaysian Ringgit (MYR) 0.0300

Offline Teosh

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Re: KAWAN 7216
« Reply #13 on: June 11, 2021, 10:00:02 AM »
steady cuz everyone still need to eat and Kawan is best friend when you hungry  :D

:D Shorten business hour by 2 hour does not stop ppl carving for food  :dancing: frozen food still in high demand  :nod:

Kawan Business good = continue distribute dividend  :inlove:


online shope pun bole order so u think their sales good or not  :)


Offline Teosh

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Re: KAWAN 7216
« Reply #14 on: June 15, 2021, 04:22:35 PM »
https://www.theedgemarkets.com/article/kawan-food-manufacturing-unit-temporarily-stops-production-due-covid19

Kawan Food manufacturing unit temporarily stops production due to Covid-19

 :(

Offline Teosh

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Re: KAWAN 7216
« Reply #15 on: June 16, 2021, 11:42:11 AM »
https://www.theedgemarkets.com/article/kawan-food-manufacturing-unit-temporarily-stops-production-due-covid19

Kawan Food manufacturing unit temporarily stops production due to Covid-19

 :(

M'sia here stop production till clear quarantine SOP no issue, when open back continue as usual  :)

China and other places production no affected still continue  :thumbsup:
 
Kawan Food Berhad - My Food, My Friend
Author: PublicInvest    |    Publish date: Wed, 13 Jan 2021, 9:29 AM

Kawan Food Berhad (Kawan) is predominantly involved in the manufacturing of frozen food products and is the largest frozen paratha manufacturer in Malaysia with 40 years’ of experience in food manufacturing. The group manufactures frozen food products to cater for both local and export market. We forecast a 3- year earnings CAGR of 59% on the back of the capacity expansion and growing demand for frozen food. We believe this will be supported by the changing consumer’s preference towards frozen and convenient food and coupled with the Covid-19 outbreak, demand for longer shelf life food items are in favour. We initiate coverage on Kawan with an Outperform call and a TP of RM2.80, which suggests a potential upside of 35.9%. We derive our TP based on a PE multiple of 25x on its FY21F EPS.

An established frozen food manufacturer. Initially starting as a small scale family owned business, Kawan have since expanded to become one of Malaysia’s leading frozen food manufacturers with manufacturing bases in Pulau Indah, and Nantong, China. The group mainly focuses on frozen Asian food products, namely Paratha and Chapatti. Currently, its products are exported to 36 countries with US, UAE and UK being the major export markets.
Projecting strong earnings growth. Given the increasingly hectic lifestyles, there has been an increase in consumer preference towards frozen food that offers convenience. According to Grand View Research, global frozen food market is projected to grow at a CAGR of 3.4% from 2019 to 2027 to USD380.5bn. As the group is currently operating at 60-65% utilization rate, we believe that Kawan is poised to capture the demand growth given the ample additional production capacity. In addition, we are of the view that as consumers are slowly adopting to the new normal (ie: stay at home) to curb the spread of the Coronavirus pandemic, demand for frozen food will be sustainable going forward, likely to be driven by the increase in sales to retailers and e-commerce platforms. As such, we are projecting a 3-year earnings CAGR of 59% for Kawan Food.
Initiate with an Outperform call. We are initiating coverage on Kawan Food with an Outperform rating and a target price of RM2.80. We derive our 12- month target price for Kawan by pegging a P/E multiple of 25x (-0.5SD of Kawan’s 5-year historical average) to its FY21F EPS. We believe the valuation ascribed as fair considering the 3-year earnings CAGR of 59% given the change in consumption habits towards Ready-to-Eat (RTE) food, especially among the young working adults and millennials who value convenience that are expected to drive the demand for frozen food globally.
Source: PublicInvest Research - 13 Jan 2021

Offline Teosh

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Re: KAWAN 7216
« Reply #16 on: June 18, 2021, 10:15:18 AM »
 :o :o :o :o :o :dancing: :dancing: :dancing: :dancing: :thumbsup:

https://www.nst.com.my/business/2021/06/699504/kawan-foods-robust-outlook-solid-frozen-food-demand-rise-exports

Kawan Food's robust outlook on solid frozen food demand, rise in exports: PublicInvest
By Azanis Shahila Aman - June 17, 2021 @ 10:36am

Offline Teosh

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Re: KAWAN 7216
« Reply #17 on: June 18, 2021, 10:23:16 AM »
 :clap:

:D Shorten business hour by 2 hour does not stop ppl carving for food  :dancing: frozen food still in high demand  :nod:

Kawan Business good = continue distribute dividend  :inlove:

:o :o :o :o :o :dancing: :dancing: :dancing: :dancing: :thumbsup:

https://www.nst.com.my/business/2021/06/699504/kawan-foods-robust-outlook-solid-frozen-food-demand-rise-exports

Kawan Food's robust outlook on solid frozen food demand, rise in exports: PublicInvest
By Azanis Shahila Aman - June 17, 2021 @ 10:36am


Offline Teosh

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Re: KAWAN 7216
« Reply #18 on: June 21, 2021, 11:02:56 AM »
https://www.theedgemarkets.com/article/analysts-maintain-positive-calls-kawan-food-frozen-food-demand-remains-robust

Analysts maintain positive calls on Kawan Food as frozen food demand remains robust
Izzul Ikram/theedgemarkets.com
June 17, 2021 11:40 am +08

 :thumbsup:

Offline Teosh

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Re: KAWAN 7216
« Reply #19 on: June 22, 2021, 12:21:43 PM »
still above 2.00  :phew:

Offline Teosh

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Re: KAWAN 7216
« Reply #20 on: June 28, 2021, 11:03:11 AM »
https://www.thestar.com.my/business/business-news/2021/06/18/kawan-food-expanding-into-new-markets

Kawan Food expanding into new markets :o :o :o
CORPORATE NEWS
Friday, 18 Jun 2021


Offline Teosh

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Re: KAWAN 7216
« Reply #21 on: July 09, 2021, 09:54:41 AM »
https://www.theedgemarkets.com/article/kawan-food-invests-rm73m-solar-pv-system-selangor-hq


Kawan Food invests RM7.3m in solar PV system at Selangor HQ

Izzul Ikram/theedgemarkets.com
July 07, 2021 15:05 pm

KUALA LUMPUR (July 7): Kawan Food Bhd has invested RM7.28 million in a solar photovoltaic (PV) installation at its headquarters in Pulau Indah Selangor Halal Hub.

In a statement today, the group said the amount covers an energy performance management system developed by Plus Xnergy Holdings Sdn Bhd called SOURCE that uses the artificial intelligence of things.

According to Kawan Food senior factory manager Andy Yeap, one of the company's key moves is to invest in a solar solution, which was recently completed in the first quarter of this year, with projected savings worth RM1 million annually.

"Our energy consumption would benefit greatly from reductions in operating cost with solar in the long run," he said.


Andy Yeap, Senior Factory Manager, Kawan Food Manufacturing Sdn Bhd
"Furthermore, this investment reduces carbon emissions, in line with global warming prevention and contributes positively towards corporate social responsibility and sustainability," he added.

Meanwhile, Plus Xnergy group chief executive officer Ko Chuan Zhen said he observed that many businesses have taken advantage of the Net Energy Metering (NEM 3.0) NOVA, a government initiative to increase solar adoption for the commercial and industrial sectors.


Ko Chuan Zhen, Group CEO, Plus Xnergy Holding Sdn Bhd
This is demonstrated by the 100% uptake in just three months since the programme was launched in April, he noted.

"I hope the government considers extending the quota upwards to a range of 1,000MW-3,000MW to encourage new interest and meet present demand.

"We foresee rapid job creation within the emerging clean energy sector as more industries recognise the rate of return with solar," he added.

At 2.36pm today, Kawan Food's share price slipped two sen or 1% to RM1.98, giving it a market capitalisation of RM711.85 million.

Lam Jian Wyn

Offline Teosh

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Re: KAWAN 7216
« Reply #22 on: July 09, 2021, 10:49:04 AM »
Kawanku bila baru nak gerak ni  :yawn: :yawn: :yawn: :yawn: :yawn: :yawn:

https://www.theedgemarkets.com/article/kawan-food-invests-rm73m-solar-pv-system-selangor-hq


Kawan Food invests RM7.3m in solar PV system at Selangor HQ

Izzul Ikram/theedgemarkets.com
July 07, 2021 15:05 pm

KUALA LUMPUR (July 7): Kawan Food Bhd has invested RM7.28 million in a solar photovoltaic (PV) installation at its headquarters in Pulau Indah Selangor Halal Hub.

In a statement today, the group said the amount covers an energy performance management system developed by Plus Xnergy Holdings Sdn Bhd called SOURCE that uses the artificial intelligence of things.

According to Kawan Food senior factory manager Andy Yeap, one of the company's key moves is to invest in a solar solution, which was recently completed in the first quarter of this year, with projected savings worth RM1 million annually.

"Our energy consumption would benefit greatly from reductions in operating cost with solar in the long run," he said.


Andy Yeap, Senior Factory Manager, Kawan Food Manufacturing Sdn Bhd
"Furthermore, this investment reduces carbon emissions, in line with global warming prevention and contributes positively towards corporate social responsibility and sustainability," he added.

Meanwhile, Plus Xnergy group chief executive officer Ko Chuan Zhen said he observed that many businesses have taken advantage of the Net Energy Metering (NEM 3.0) NOVA, a government initiative to increase solar adoption for the commercial and industrial sectors.


Ko Chuan Zhen, Group CEO, Plus Xnergy Holding Sdn Bhd
This is demonstrated by the 100% uptake in just three months since the programme was launched in April, he noted.

"I hope the government considers extending the quota upwards to a range of 1,000MW-3,000MW to encourage new interest and meet present demand.

"We foresee rapid job creation within the emerging clean energy sector as more industries recognise the rate of return with solar," he added.

At 2.36pm today, Kawan Food's share price slipped two sen or 1% to RM1.98, giving it a market capitalisation of RM711.85 million.

Lam Jian Wyn

Offline Teosh

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Re: KAWAN 7216
« Reply #23 on: July 21, 2021, 09:49:55 AM »
why no moving yet with good news  :think: :wonder:

price no drop also mean support well enough for those sell on news

bila nak move ni  :sleep: :sleep: :sleep: :sleep: :sleep: :sleep: :sleep:

https://www.theedgemarkets.com/article/kawan-food-invests-rm73m-solar-pv-system-selangor-hq


Kawan Food invests RM7.3m in solar PV system at Selangor HQ

Izzul Ikram/theedgemarkets.com
July 07, 2021 15:05 pm

KUALA LUMPUR (July 7): Kawan Food Bhd has invested RM7.28 million in a solar photovoltaic (PV) installation at its headquarters in Pulau Indah Selangor Halal Hub.

In a statement today, the group said the amount covers an energy performance management system developed by Plus Xnergy Holdings Sdn Bhd called SOURCE that uses the artificial intelligence of things.

According to Kawan Food senior factory manager Andy Yeap, one of the company's key moves is to invest in a solar solution, which was recently completed in the first quarter of this year, with projected savings worth RM1 million annually.

"Our energy consumption would benefit greatly from reductions in operating cost with solar in the long run," he said.


Andy Yeap, Senior Factory Manager, Kawan Food Manufacturing Sdn Bhd
"Furthermore, this investment reduces carbon emissions, in line with global warming prevention and contributes positively towards corporate social responsibility and sustainability," he added.

Meanwhile, Plus Xnergy group chief executive officer Ko Chuan Zhen said he observed that many businesses have taken advantage of the Net Energy Metering (NEM 3.0) NOVA, a government initiative to increase solar adoption for the commercial and industrial sectors.


Ko Chuan Zhen, Group CEO, Plus Xnergy Holding Sdn Bhd
This is demonstrated by the 100% uptake in just three months since the programme was launched in April, he noted.

"I hope the government considers extending the quota upwards to a range of 1,000MW-3,000MW to encourage new interest and meet present demand.

"We foresee rapid job creation within the emerging clean energy sector as more industries recognise the rate of return with solar," he added.

At 2.36pm today, Kawan Food's share price slipped two sen or 1% to RM1.98, giving it a market capitalisation of RM711.85 million.

Lam Jian Wyn

Offline Teosh

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Re: KAWAN 7216
« Reply #24 on: July 28, 2021, 09:36:11 AM »
slow ... but steady  :D


https://www.theedgemarkets.com/article/kawan-food-invests-rm73m-solar-pv-system-selangor-hq


Kawan Food invests RM7.3m in solar PV system at Selangor HQ

Izzul Ikram/theedgemarkets.com
July 07, 2021 15:05 pm

KUALA LUMPUR (July 7): Kawan Food Bhd has invested RM7.28 million in a solar photovoltaic (PV) installation at its headquarters in Pulau Indah Selangor Halal Hub.

In a statement today, the group said the amount covers an energy performance management system developed by Plus Xnergy Holdings Sdn Bhd called SOURCE that uses the artificial intelligence of things.

According to Kawan Food senior factory manager Andy Yeap, one of the company's key moves is to invest in a solar solution, which was recently completed in the first quarter of this year, with projected savings worth RM1 million annually.

"Our energy consumption would benefit greatly from reductions in operating cost with solar in the long run," he said.


Andy Yeap, Senior Factory Manager, Kawan Food Manufacturing Sdn Bhd
"Furthermore, this investment reduces carbon emissions, in line with global warming prevention and contributes positively towards corporate social responsibility and sustainability," he added.

Meanwhile, Plus Xnergy group chief executive officer Ko Chuan Zhen said he observed that many businesses have taken advantage of the Net Energy Metering (NEM 3.0) NOVA, a government initiative to increase solar adoption for the commercial and industrial sectors.


Ko Chuan Zhen, Group CEO, Plus Xnergy Holding Sdn Bhd
This is demonstrated by the 100% uptake in just three months since the programme was launched in April, he noted.

"I hope the government considers extending the quota upwards to a range of 1,000MW-3,000MW to encourage new interest and meet present demand.

"We foresee rapid job creation within the emerging clean energy sector as more industries recognise the rate of return with solar," he added.

At 2.36pm today, Kawan Food's share price slipped two sen or 1% to RM1.98, giving it a market capitalisation of RM711.85 million.

Lam Jian Wyn

Offline Teosh

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Re: KAWAN 7216
« Reply #25 on: August 11, 2021, 09:50:01 AM »
green   :clap:

Offline Teosh

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Re: KAWAN 7216
« Reply #26 on: August 17, 2021, 12:13:22 PM »
 :( why ada good news but no sell down  :phew: and no move forward  :yawn: :yawn: :yawn: :yawn: :sleep: :sleep: :sleep: :sleep:
 


https://www.theedgemarkets.com/article/kawan-food-invests-rm73m-solar-pv-system-selangor-hq


Kawan Food invests RM7.3m in solar PV system at Selangor HQ

Izzul Ikram/theedgemarkets.com
July 07, 2021 15:05 pm

KUALA LUMPUR (July 7): Kawan Food Bhd has invested RM7.28 million in a solar photovoltaic (PV) installation at its headquarters in Pulau Indah Selangor Halal Hub.

In a statement today, the group said the amount covers an energy performance management system developed by Plus Xnergy Holdings Sdn Bhd called SOURCE that uses the artificial intelligence of things.

According to Kawan Food senior factory manager Andy Yeap, one of the company's key moves is to invest in a solar solution, which was recently completed in the first quarter of this year, with projected savings worth RM1 million annually.

"Our energy consumption would benefit greatly from reductions in operating cost with solar in the long run," he said.


Andy Yeap, Senior Factory Manager, Kawan Food Manufacturing Sdn Bhd
"Furthermore, this investment reduces carbon emissions, in line with global warming prevention and contributes positively towards corporate social responsibility and sustainability," he added.

Meanwhile, Plus Xnergy group chief executive officer Ko Chuan Zhen said he observed that many businesses have taken advantage of the Net Energy Metering (NEM 3.0) NOVA, a government initiative to increase solar adoption for the commercial and industrial sectors.


Ko Chuan Zhen, Group CEO, Plus Xnergy Holding Sdn Bhd
This is demonstrated by the 100% uptake in just three months since the programme was launched in April, he noted.

"I hope the government considers extending the quota upwards to a range of 1,000MW-3,000MW to encourage new interest and meet present demand.

"We foresee rapid job creation within the emerging clean energy sector as more industries recognise the rate of return with solar," he added.

At 2.36pm today, Kawan Food's share price slipped two sen or 1% to RM1.98, giving it a market capitalisation of RM711.85 million.

Lam Jian Wyn

Offline Teosh

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Re: KAWAN 7216
« Reply #27 on: August 30, 2021, 11:56:46 AM »
No   Date of change   
No of securities
Type of Transaction   Nature of Interest
1   25 Aug 2021   
1,000,000
Acquired   Indirect Interest
Name of registered holder   Gan Ka Ooi
Description of "Others" Type of Transaction   

Circumstances by reason of which change has occurred   Acquisition of Shares
Nature of interest   Direct and Indirect Interest
Direct (units)   17,724,405
Direct (%)   4.93
Indirect/deemed interest (units)   6,711,600
Indirect/deemed interest (%)   1.867
Total no of securities after change   24,436,005
Date of notice   26 Aug 2021
Date notice received by Listed Issuer   26 Aug 2021




No   Date of change   
No of securities
Type of Transaction   Nature of Interest
1   25 Aug 2021   
1,000,000
Acquired   Indirect Interest
Name of registered holder   Gan Ka Ooi
Description of "Others" Type of Transaction   

Circumstances by reason of which change has occurred   Acquisition of Shares
Nature of interest   Direct and Indirect Interest
Direct (units)   88,170,148
Direct (%)   24.524
Indirect/deemed interest (units)   6,711,600
Indirect/deemed interest (%)   1.867
Total no of securities after change   94,881,748
Date of notice   26 Aug 2021
Date notice received by Listed Issuer   26 Aug 2021

Offline Teosh

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Re: KAWAN 7216
« Reply #28 on: September 10, 2021, 10:58:16 AM »
 :thumbsup: :cash: