Kawan Food Manufacturing Sdn Bhd is Malaysia’s leading exporter and largest manufacturer of frozen Asian food delicacies. The company based in Shah Alam, Malaysia. The vision of the company are about providing their consumers with authentic, safe and higest-quality produts at affordable price, while making a different in the lives for the shareholders, consumers, business partnes, employees and the community.
The company's products:
Past performance,
In the past 5 years, the company posted strong and stable earning which is between 11sen-13.48sen in year 2009 to 2013. In the latest 4 quarter 2014, tatal earning is 17.07sen per share. The company performance is growing up every year and starting to growing faster in the latest yearly result.
Past 5 years cash flow,
Latest quarter Cash balances,
From the above two table, cash flow of the company is getting better and better. In the latest quarter report the updated cash and bank balances is Rm37.03m slightly growth up compare to last year cash c/f of Rm36.146m
In the chart above, share price of the company all the way go up since 2013 and slow down in last year December after bonus issue. After consolidate for few month times, share price surge back above MA26 line and forming uptrending again.
I believe currently the share price on consolidation period again with lower transaction volume but share price maintain around Rm1.90 level.
If the share price can close above Rm1.94, we will see continue uptrending before reach another consolidation level.
Target Price: Rm2.48
Happy Trading!
Regards,
Nick Loke
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