Cab Cakaran

Cab Cakaran

Postby winston » Sun Jun 07, 2015 10:39 am

not vested

CAB CAKARAN BHD

Current stock price: RM1.07

POULTRY company CAB Cakaran Bhd may not appear exciting on the surface.

At its price, the stock is trading at a trailing price earnings (PE) ratio of 12 times and a 2015 PE of 10 times.

Nonetheless, all this is based on earnings from its existing core business of integrated poultry farming and processing.

It has 10 breeder farms and 140 broiler farms throughout Peninsular Malaysia, with a capacity of 3.6 million birds per month currently

However, this is set to grow by some 20% this year, as it recognises contributions from its new Singapore-based subsidiary Tong Huat Poultry Processing Factory Pte Ltd.

As of FY14, CAB Cakaran has already achieved revenue of RM672mil. It will likely hit RM900mil this year, with Tong Huat’s contribution.

The company will continue to buy up chicken farms to increase its capacity every year.

Secondly although on a longer term basis, CAB Cakaran has potential for a new revenue stream from its [b]biomass power generation business.[/b] In March, it signed an MoU with New Chemical Trading Co Ltd from Japan and Seri Kedah Corp Sdn Bhd to venture into the biomass project.

It will incinerate chicken droppings for the biomass project and also produce fertiliser and calcium as a by-product.

Under this MoU, New Chemical Trading and Seri Kedah would set up a joint-venture company for the licensing of specific technology and know-how related to biomass power generation.

The joint venture parties are now looking in the northern region for a 30 acre to set up the facility.

Lastly, CAB Cakaran has 227 acres of investment properties worth RM64.81mil as of Sept 31, 2014, mostly located in Bukit Metajam and Penang.

Out of the 52 parcels of land measuring 227 acres in Penang, Kedah, Selangor and Perak, some 59% of the land are empty lots. The other 41% are plantation land, vegetable farms, apartment and building lots which are now being rented out.

It recently also purchased 28 acres of land in Kedah and 168 acres in Johor. Some are convertible for development.

Source: The Star
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Re: Cab Cakaran

Postby winston » Sun Aug 28, 2016 6:29 pm

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2Q, 2016

Revenue: +17%
EPS: -45%
NAV: 1.31

http://www.bursamalaysia.com/market/lis ... ts/5189281
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Re: Cab Cakaran

Postby winston » Sun Aug 28, 2016 6:33 pm

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Aug 15, 2016

CAB Cakaran on track to achieve RM1bil revenue this year:

CAB Cakaran Corp Bhd is on track to achieve RM1bil in revenue this fiscal year ending Sept 30, 2016.

The group posted RM521mil in revenue in the first six months of its fiscal year.

Source: Star Biz
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Re: Cab Cakaran

Postby winston » Sun Aug 28, 2016 6:36 pm

15 August 2016

CAB Cakaran on track to achieve RM1bil revenue this fiscal year

BY DAVID TAN

SEBERANG JAYA: CAB Cakaran Corp Bhd is on track to achieve RM1bil in revenue this fiscal year ending Sept 30, 2016.

Group managing director Chris Chuah (pic) told StarBiz that the group had achieved a revenue of RM521mil for the six months of the 2016 fiscal year ended March 31.

“We expect the net profit to improve also due to better sales of broiler meat and improved efficiency in the management of our breeder and broiler farms,” Chuah added.

The group posted RM20.9mil in net profit or 2.3% of RM891mil turnover last year.

“For the last six months, the demand from the domestic market and from Singapore has improved by a double-digit percentage compared with a year ago.

“Our subsidiary in Singapore, Tong Huat Poultry Processing, has benefited from the growth in demand, and is expected to generate about 10% of group revenue for the 2016 fiscal year.

“Our company in Johor, CAB Cakaran Sultan Sdn Bhd, which started operations late last year, has also contributed recently.

“The Johor company serves the Johor and the Singapore markets,” he said.

According to Chuah, the joint-venture (JV) company with Salim Group in Jakarta would be ready in two months.

“In early 2017, the new JV company would undertake the construction of the planned integrated halal poultry hub, scheduled for completion in 2018,” he said.

Meanwhile, Chuah said it planned to start its power-generation business in 2018, although the plan to partner with a Japanese company to implement the project did not work out.

“We will consider alternative technologies from Europe and China. CAB is finalising its purchase of the land in Gurun, Kedah, and expects to apply to the Sustainable Energy Development Authority next year.

“The group is planning for the biomass facility to occupy a 30-acre site, which will take 18 months to set up. Sixty acres more will be taken up by a solar farm, while a 10-acre site will be used as a buffer zone,” he added.

Source: The Star

http://www.thestar.com.my/business/busi ... scal-year/
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