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KAWAN FOOD BHD: CGS-CIMB has a positive view on Kawan Food’s new factory in Pulau Indah, Selangor, saying that “we view this positively as the market recognises Kawan Food’s management and its product quality”
KUALA LUMPUR: CIMB Equities Research is maintaining its forecasts and target price of RM3.02 for Kawan Food, which is 59.8% above the last traded price of RM1.89.
KUALA LUMPUR: Shares of Kawan Food fell to a low of RM2.20 on Thursday – the lowest since June 4 -- after it reported weaker net profit and prompted analysts to cut the target price from RM3.14 to RM2.76.
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
KUALA LUMPUR: Kawan Food’s new RM200mil factory in Pulau Indah is slated to start in July and is now waiting for a Halal certification from JAKIM, says CIMB Equities Research.
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.
WITH the coming of National Day, we once again reflect on what makes us Malaysians.
KUALA LUMPUR: Kawan Food’s net profit in the first half ended June 30, 2017 was below CIMB Equities Research and Bloomberg consensus expectations at 32% of full-year forecasts, mainly due to weaker-than-expected export sales.
THERE is a new version of instant ketupat palas – glutinous rice wrapped in triangular fan palm leaves (licuala triphylla) – in the market. It is close to the real thing and tastes just as good.
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.