While market experts The Edge spoke to acknowledge that Can-One shares are undervalued, their advice could not be clearer — don’t be a hero and try to beat the value trap. In the nine-month period, Can-One’s NTA per share rose from RM4.32 on Dec 31, 2018, to RM6.11 on Sept 30, 2019. With total borrowings of RM2.147 billion, the group has net debt of RM1.917 billion. “That is why Can-One sold F&B Nutrition — to pare down its debt. “As the proceeds from the disposal of F&B Nutrition will be parked under cash and bank balances, the NTA will be high.

Source: The Edge Markets December 10, 2019 08:03 UTC