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CGSCIMB Research continues to like Kawan Food Bhd’s defensive food and beverage (F&B) business, and believes its revenue growth will likely come from its new products such as “fresh frozen” breads
PETALING JAYA: Kawan Food Bhd’s net profit in the first half ended June 30 was below CIMB Research’s and Bloomberg’s consensus expectations at 32% of full-year forecasts, mainly due to weaker-than-expected export sales.
KUALA LUMPUR: CIMB Equities Research has added DRB-Hicom, Bonia Corp, Sasbadi and Karex to its top small cap picks, replacing AWC, Berjaya Food, Prestariang and BioAlpha.
KUALA LUMPUR: CIMB Research, which has maintained its “add” call on Kawan Food Bhd has raised its target price for the food manufacturer to RM5.56 from RM3.50.
WHILE the after-effects of recession in 2010 had left many fast-moving consumer goods (FMCG) companies hurt and looking for ways to cut costs, the weaker ringgit against the US dollar is certainly proving to be exciting for food manufacturer Kawan Food Bhd.