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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.
KAWAN Food Bhd is Malaysia’s largest frozen flour products producer. Its main products are roti paratha, chapatti and spring roll pastry. The domestic market makes up the largest share of the group’s revenue at 40%, while the United States is its largest export market at 30% of group revenue.
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.
News from the Malay and Chinese newspapers.
WITH the coming of National Day, we once again reflect on what makes us Malaysians.
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”