The price of sugar in Malaysia is RM2.69 per kilogram, which is the cheapest in the world. The average price of white sugar is RM9.00 per kilogram in the Philippines, RM6.50 in Singapore, RM5.00 in Vietnam, and even the price in Brazil, a raw sugar producer, is as high as RM3.60.
Now better put it aside before gov will continue giving subsidy for sugar. If without subsidy QR sure koyak. Will start buy back when the subsidy is comfirm..
Just like MSM faces hurdles with sugar ceiling prices, PBA awaits potential water tariff hikes for increased profits. Two sides of the same coin in different sectors, but both operating in essential commodities - sugar and water.
PBA could be trading at 2-3x potential earnings...
1) continue giving subsidy to sugar refiners so that they can maintain current retail price 2) float the sugar price from current unsustainable low price
Failing to do so will: 1) slowly kill local sugar refiner, which in turn put national food security at risk 2) unfairly allow the population to enjoy low sugar price at the expense of poor Felda settlers by virtue of them being the major shareholder of MSM via FGV and Koperasi Felda (combine shareholding of more than 65%)
Felda Chairman has already mentioned that to maintain current low price, it is not the govt that is subsidising.
It is actually poor Felda settlers is subsidising the nation. Doesn’t sound right and something has to be done.
Hence the govt started to incentivise refiners with RM 1 per kg in Nov and Dec for a max of 24,000,000 kg per month (24,000 tonne per month). At least the govt have kicked the ball rolling and some NEW mechanism (i.e subsidy or price float or both) is bound to be announced very soon.
Just saw the announcement, sugar beverage will increase tax from 0.40 - 0.50. Guess Tuesday MSM share price will drop much.. Also absent of the subsidy.. Better wait and see..
@Arvin6 probably missed the boat or suffer a big loss in this counter. Saw somebody comment in KLSE screener saying he's a hater in MSM. His name is Alvin Hoo. Keep asking people trade MSM but not invest, no wonder he loss. After cut loss then keep bashing management con people, share price waterfall, no subsidy..etc.. Beware of this guy and dont be affected by his negativity
Childish? Looking back at your comment in year 2021, everybody knows what you did. Share price green you quiet, red then you come out from your hole to start bashing. Management con ppl, shark con retailer, con stock con show... so many con from you. Did management point a gun in your head asking you to buy the share? Feel sad for you loss so much in this counter until you need comment something bad from 2021 till now. LOL pity and feel sad for you. MSM limit up from March 2021, you also create the account just for this share. Same goes to your KLSE Screener, also created in March 2021. LOL Please look at your mirror before you say people childish.
Cut loss? Only ignorant trader like you will cut loss or people who con and mislead by your comment will do so. Actually how much you loss in this counter? Always comment bad when share price in red. Now boiler ok, subsidy, price revision soon and new management still you need bark something bad towards MSM. You don't wait until price revision and subsidy confirmed only you buy back leh. Later people taking profit and you go catch the knife. Later cut loss and bark another 5 years.. Lol funny sore loser.
@Arvin6 it's time for you to let go the needle in your heart toward MSM. Anyway, sorry for your loss in this counter until you need comment shit here for 3 years. Happy investing guys, basically we can just ignore what he said here because he is emotionally unstable due to the loss he suffered in MSM.
No, I will follow your footsteps. Share price red then I will say con by management, con stock,rubbish stock, qr koyak and will drop more. Everybody can read your comment from year 2021. Go delete it before people start laughing at you. LoL
Water tariff can increase(read comments in Ranhill, PBA forum) why not sugar? Perhaps PN govn takeover only sugar subsidy govn can increase if sugar price cannot increase?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KylieTan
247 posts
Posted by KylieTan > 2023-12-27 11:51 | Report Abuse
The price of sugar in Malaysia is RM2.69 per kilogram, which is the cheapest in the world. The average price of white sugar is RM9.00 per kilogram in the Philippines, RM6.50 in Singapore, RM5.00 in Vietnam, and even the price in Brazil, a raw sugar producer, is as high as RM3.60.