First of all,
I would like to apologize to those who expecting me to share about the whole AGM,
the fact is I only watched the Q&A session,
because I was late..........
How can someone be late to a meeting from home??
Aiks...............
Well,
I forgotten about the AGM........
It was when I checking my daily schedule,
only realized it,
so I quickly open the AGM live broadcast,
but only managed to watch the Q&A session.
So I will just share about what I heard from the Q&A,
which the questions were all answered by Mr Timothy.
First,
I heard a good news.
Since there is no door gift this year,
so the company will send every shareholder a RM50 voucher,
to buy products from the company website.
During the outbreak,
the demand for products rose,
no negative impact.
One of the reason is because the company produces "Staple Food",
which the food is daily needed.
Also during this kind of period,
many people will look for "Comfort Food" as well.
For example,
some Indian people who immigrated to USA might choose to buy Pratha to comfort themselves.
A shareholder asked that the demand for "Ready To Eat" food rose because of outbreak,
so will the company focus more on selling products at convenience stores or petrol stations?
Mr Timothy answered that they will try to grow more Sales Point for selling RTE products,
however because of the outbreak,
many people changed to work from home and thus reduced dining outside,
he himself also work longer from home than from the office.
Because of that,
the company quickly changed the tactic,
and started to sell products which consumers can buy then heat it and eat from home,
for example the 1kg or 500g packaged Chicken Rendang, Curry Chicken.
However the packaging not very nice looking,
because they needed to start selling it as soon as possible.
A shareholder asked that why the growth of Sales Volume is more than the Revenue.
Mr Timothy answered that the Sales Volume was calculated by Containers,
however the product mix in every container is different,
for example the pau, mantu which exporting to Australia,
will take up more space in the same container,
thus the growth of Sales Volume might not be in par with the growth of revenue,
since certain products took up more space in container.
A shareholder asked about the future growth.
Mr Timothy answered that they will continue to look for New Market and sell New Product,
however new market doesn't mean that they have to look for new country.
Like last year,
the company only sell products to the Little India or Chinatown in some countries,
but also successfully get into the Mainstream market,
for example Pratha started selling at around 400 Coles Outlet at Australia,
around 150 Restaurant Depot at USA. (where restaurant owners shop.)
Even though it is not new country,
but it is still new market from the same country.
Finally Mr Timothy also mentioned a bit about Q2 performance,
he said that every time when there is recession or economic unstable,
it was also the time when company thrived.
That's all from what I heard from the Q&A session.
Next is a bit of my own thinking.
During the bear market at March,
the shares price of KAWAN once almost dropped to below RM1,
however now it already rebound to RM1.75.
Is it still worthy to invest now?
It depends~
Investment is about doing own thinking, making own decision.
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
Recent articles :
My buying & selling record from 9th to 28th April 2020
My buying & selling record from 24th March to 8th April 2020
NESTLE latest quarter financial report
ALLIANZ latest annual report
My investing record from 13rd~23rd March 2020
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