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KLSE: MFLOUR       MALAYAN FLOUR MILLS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.52 0.78     +0.26 (50.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
18/05/2020 0.55 0.69 +0.14 (25.45%) BUY AmInvest Price Target News
28/02/2020 0.55 0.78 +0.23 (41.82%) BUY AmInvest Price Target News
30/01/2020 0.60 0.87 +0.27 (45.00%) BUY AmInvest Price Target News


Price Target Research Article/News (past 6 months)
18/05/2020  AmInvest M Flour - Hit by fall in live bird prices; to do better in FY21F
28/02/2020  AmInvest Malayan Flour Mills - Hit by Lower Selling Price of Live Birds in 4QFY19
30/01/2020  AmInvest M Flour - New poultry plant is up and running



  20 people like this.
 
PresidentRotiCanai Wah, QR result so bad to trap those chase high today. Gg
15/05/2020 5:22 PM
newbie0718 Omg...regret for not selling today....what a xxx qr
15/05/2020 5:22 PM
newbie0718 Gone...bye bye for this year....good luvk
15/05/2020 5:28 PM
EatCoconutCanWin result as expected. dont worry, EPF holding more.
15/05/2020 5:40 PM
sapurakencana Due to the uncertain impact of the COVID-19 pandemic on the world and domestic economic environment, volatile commodities prices and
foreign exchange, the Board is unable to provide a clear indication on the Group’s performance in 2020 at this moment.
15/05/2020 5:49 PM
ivanlau this is one of the stoxkpxck2u stock....... good luck for their members........
15/05/2020 5:51 PM
stncws monday selldown is good opportunities for slight rebound....
15/05/2020 6:18 PM
Lukesharewalker Wonder why it went up.Loss....
15/05/2020 7:57 PM
Cheong88 https://www.theedgemarkets.com/article/malayan-flour-mills-sinks-losses-1q-pandemic-affects-its-poultry-business
15/05/2020 8:13 PM
Lukesharewalker Guess this would be the gauge for all poultry stocks. Underestimated the closures of commercial restaurants impact
15/05/2020 8:19 PM
Steve Ooi Jadi roti canai sekarang.

Give you guys another hint why Dinding can't compete with Leong Hup, CAB and Huat Lai, because of "PRICE". As I mention year or two ago, Dinding poultry product breakeven price is about RM4.20, if the live bird price is below RM4.50 Mflour poultry sector is making losses.
As simple as that.

Steve Ooi

Apr 21, 2020 2:11 AM | Report Abuse

Mflour suffer huge losses from its poultry business, new processing plant is live, depreciation is on, no demand for its product.

Mar 19, 2020 8:00 AM | Report Abuse

The same advice from me, stay away from this counter, coming quarter is worst than previous quarter due to additional capex book in. My feeling tell me so as most company practice to capitalize their asset 1st or 2nd quarter since it's not capitalize in 4th quarter 2019.
15/05/2020 9:41 PM
15/05/2020 10:00 PM
apolloang post losses but stock price up pula,apa ini?
15/05/2020 10:09 PM
hooi expand at the wrong timing . now nobody want to eat inside restaurant sell .
15/05/2020 10:12 PM
Money122 Wheat price going down....good to mflour margin!!
16/05/2020 8:22 AM
newbie0718 flour and grain business are still good.....collect at low and aim for rebound...
16/05/2020 9:02 AM
dasm1284 is something brewing? MSM also up significantly - mflour follow too
16/05/2020 10:41 AM
Alex5199 Quarter result out! Green change to red! Better run run run
16/05/2020 2:01 PM
idunwork Chicken price up..
https://www.sinchew.com.my/content/content_2272717.html
16/05/2020 3:57 PM
dasm1284 from AmResearch report in Feb2020:
Earnings of the flour division climbed by 74.0% to RM114.7mil in FY19 from RM65.9mil in FY18 on the back of higher selling prices of non-GP (general purpose) flour products. EBIT margin was 5.7% in FY19 against 3.7% in FY18. About 95% of MFM’s flour products comprise nonGP flour products.

dividend yield 5-6% at current level (based on 3 sen dividend in Fy19)
16/05/2020 4:01 PM
chinooo Last month live chicken price is at RM4.50 and they depreciate their biological asset for 8million, now chicken price back to RM7.00. I wonder how much they will evaluate back their asset for next QR?
16/05/2020 11:05 PM
dasm1284 yes chinoo - impairment loss, depreciation of asset and foreign exchange loss quite a lot, flour business is ok, poultry still making loss..... see how Q2 goes....

the thing is their flour business have been covering most of the losses from poultry. They ventured in poultry sector in recent years but managed to be the supplier for McDonald and Texas Chicken. not bad right. Fast food franchise have been also opening throughout MCO period.

If I were to choose a semi-poultry company that is going to weather through this period, Mflour is my top choice. But who knows stock price could fly up like LCTitan after a poor result. hehe
17/05/2020 12:52 AM
dasm1284 Mflour already depreciate their chickens stock for RM8mil, chicken price was rm5.xx, if later chicken price back to rm7++, they should report RM8mil or more profit next QR!
17/05/2020 1:14 AM
stncws poutry business oledi 30 years biz started 1995
17/05/2020 1:19 AM
Jeffreyteck Hope is always better then hopeless.
17/05/2020 11:54 AM
stncws buy more...some share price wont affected one!..in long run sure win..flour biz..
17/05/2020 11:56 AM
KLCI King Ha, with the “RED” result out, many faces turn “GREEN”
17/05/2020 1:58 PM
escanor999 Can any experience traders here know why prices went up despite the Q1 bad results? So confusing. So should we sell on Monday or not
17/05/2020 6:56 PM
birkincollector tricky.....bad results but news reported now chicken very in demand til price shoot up almost 100%......so let see
17/05/2020 7:55 PM
Pokem0n https://www.thestar.com.my/metro/metro-news/2020/05/15/price-hike-is-no-chicken-feed
17/05/2020 8:16 PM
James Ng https://klse.i3investor.com/blogs/general/2020-05-17-story-h1507086907.jsp
[转贴] [Facebook live video:浅谈Malayan Flour mills bhd (MFlour)] - James的股票投资James Share Investing
17/05/2020 9:24 PM
dasm1284 @escanor999 - simple. because stock market looks ahead. higher chicken price boils well for the company's poultry business, flour demand should be high too . QR report is backdated (end Mar 2020)
17/05/2020 11:24 PM
snwong13 .
For those who cannot understand the business impact of covid-19 pandemic, move your savings to FD to earn some interest while maintaining your capital.
Equity markets bounced to report some losses during MCO accept those pandemic driven stocks like Top Glove.
The coming quarters results that count!
Good Luck!
18/05/2020 6:43 AM
Melvin Chang 0.48 fair price to collect
19/05/2020 12:04 PM
Money122 Due to QR loss result..I think the price may continue to go down trend..
19/05/2020 9:22 PM
dusti Check it out @ <45sen
20/05/2020 11:12 AM
Armageddon Mflour look like other goreng going to happen soon! Raya ang pow coming!!!
20/05/2020 4:41 PM
Jumpman i am waiting also
21/05/2020 2:37 PM
Jumpman is it today?
22/05/2020 11:30 AM
gibsontan correction done soon by it will moon again
28/05/2020 3:15 PM
escanor999 no action here at all.
30/05/2020 12:22 PM
ampabella raya over jor no nid to make biscuit but still nid to goreng pisang, how.....tak akan guna starch to goreng , rite
04/06/2020 12:46 PM
rivter last week 0.53 collect abit ~ lotus up many ~this week c mflour rocket
09/06/2020 11:20 AM
Armageddon This is bloody stock, I wouldn't want to touch anymore!
09/06/2020 2:00 PM
stncws volume pick up...monitor
10/06/2020 6:45 PM
sengkee This stock always follow MSM.. This time please take the lead.
10/06/2020 8:40 PM
chshzhd anybody 'attend' the agm today?
24/06/2020 1:51 PM
roger3210 sorry to those still holding :D prepare to cut loss
24/06/2020 11:05 PM
Steve Ooi Mflour result drag by its poultry sector.
"Poultry integration segment recorded an operating loss of RM29.2 million in Q1 2020"

21/6-6/7 share movement
CAB-31sen-47.5sen(+53%)
LHI-71sen-93.5sen(+32%)

What this share price movement tell you?
1. live bird price
2. demand

Q120 loss RM16mil include RM25mil oneoff expenses(impairment,written-off, FV loss), adj PAT is about RM9 mil with average live bird price RM3.94.

Assume flour performance remain the same, with quarter average live bird price RM4.38. Quarter 1 already capitalize about RM230 mil FA into the book, the expansion plan still ongoing.

Q220 result confirm way better than quarter 1, do your own research guys.

Current price is low and can consider to collect and keep for 2-3 years.

Rgs
Ooi
06/07/2020 11:20 PM
Bluey In current exciting market, how can you recommend collecting and keep for 2-3 years. You ruin your reputation
08/07/2020 5:01 PM
TakeProfits Walau, Steve Ooi, berapa lots you sudah beli.....simpan 3 tahun jah...kikiki..
09/07/2020 9:37 AM

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