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KLSE: MSM       MSM MALAYSIA HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.23 1.54     +0.31 (25.20%)
* 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
28/07/2021 1.30 2.15 +0.85 (65.38%) BUY AmInvest Price Target News
27/05/2021 1.46 2.15 +0.69 (47.26%) BUY AmInvest Price Target News
03/05/2021 1.64 2.15 +0.51 (31.10%) BUY AmInvest Price Target News
15/04/2021 1.60 1.70 +0.10 (6.25%) HOLD AffinHwang Price Target News
09/04/2021 1.66 2.15 +0.49 (29.52%) BUY AmInvest Price Target News
09/03/2021 1.50 1.70 +0.20 (13.33%) BUY AffinHwang Price Target News
26/02/2021 0.88 1.22 +0.34 (38.64%) BUY CIMB Price Target News
26/02/2021 0.88 1.20 +0.32 (36.36%) BUY AmInvest Price Target News
26/02/2021 0.88 1.27 +0.39 (44.32%) BUY AffinHwang Price Target News


Price Target Research Article/News (past 6 months)
28/07/2021  AmInvest MSM Malaysia - Strong exports to make up for soft domestic demand
27/05/2021  AmInvest MSM Malaysia - Boost from lower cost of raw sugar
03/05/2021  AmInvest MSM Malaysia - Sells MSM Perlis to FGV for RM206.1mil
15/04/2021  AffinHwang MSM Malaysia (MSM MK) - MSM Johor plant on 2-month downtime
09/04/2021  AmInvest MSM Malaysia - Temporary shutdown in Johor sugar refinery
09/03/2021  AffinHwang MSM Malaysia - Seeing Brighter Prospects in 2021
26/02/2021  CIMB MSM - CIMB UPGRADE to BUY
26/02/2021  AmInvest MSM Malaysia - Low cost of raw sugar to underpin earnings turnaround
26/02/2021  AffinHwang MSM Malaysia - Turning a Coner



  2 people like this.
 
MagicGlove Frankly u have this dumb axss FGV sitting on top on of MSM head, the profit suppoaely from positive will dedinitely turn into negative one like what FGV did on their own share price.....hear FGV name, all ppl run for life la
01/07/2021 11:21 AM
monetary from 2 gliding slowly to 1.18 in 4months. If this isn't warm water boil frog I don't know what it is.
01/07/2021 1:45 PM
Speed99 Something coming ….
06/07/2021 12:49 PM
Bgt 9963 Good luck.!
06/07/2021 1:18 PM
KenichiLee anyone stayed in 1.40 condo today?
RIP
06/07/2021 4:52 PM
12340987 dumb dumb chasing this con counter... at the end trapped..
06/07/2021 5:01 PM
Arvin6 Told you all dy.. this stock full of con man ..lol.. This stock can hit & run only ..
07/07/2021 11:32 AM
collie If use chart good for day trading upon breakout.
07/07/2021 11:38 AM
MagicGlove Semalam hampir2 die mau pancut....tapi x jadi...mani simpan balik....hari nie mau cuba lagi tapi sdh kering...hahahahah....mmg kuat kencing
07/07/2021 12:00 PM
MagicGlove Siapa beli siapa mati....itu org kuat no 1 yg pakai duit orang kasi labur dalam sini mmg otak udang x tahu main punya...kasi duit orang lesap....lmao
07/07/2021 12:03 PM
MagicGlove nasib baik genetec sdh tolong...kasi 10k ...tq genetec
07/07/2021 12:06 PM
ipohwhitecoffee pump & dump. careful!
07/07/2021 1:20 PM
Bgt 9963 Good morning...
08/07/2021 8:48 AM
petnch2020 Malaysia sugar industry is currently being controlled by 2 companies only, MSM and Central Sugar Refinery (CSR). MSM is controlled by Felda with 66.28% while CSR is controlled by Tan Sri Syed Mokhtar.

CSR has 2 refineries: Shah Alam with 600 kMT and Padang Terap, Kedah with 200 kMT

MSM previously had 3 but decide to close its Chuping refinery and bring the machines and production capacity to Johor. So now it has 2: Prai, Penang with 1,050kMT and Tanjung Langsat, Johor with 1,000 kMT.

Even though CSR has 2 refineries, the one in Padang Terap is actually not that efficient. The location itself is far from the nearest port which is Penang Port. This alone makes the transportation cost higher when compared to other sugar produce by other refineries which itself would increase the production cost of sugar.

This was actually one of the main reason why MSM decided to close down the Chuping refinery. I would assume Tan Sri Syed would also come up with similar analysis as MSM for his Padang Terap business.

This is why i believe the main competitor for MSM is only the Shah Alam refinery of 600kMT.

That being said there is still oversupply situation for the domestic market. MSM decision to focus on export market is in part to increase the utilisation rate of the new Johor refinery.

Management has indicated that the utilisation rate of Johor to start increase to more than 50% or 125kMT sugar in 3Q21 onwards. This is a lot higher vs the 22% or 55kMT per quarter output recorded in Jan to June 2021. Most of the output increase will come from higher margin products such as fine syrup and liquid sugar. Investor should see a substantial increase in the group bottom line from 3Q21.

WIth the increase of sugar price which is now hovering around 17 USD sens to 18 USD sens/ lbs versus MSM cost of less than 14 USD sens/lbs, I am targeting a full year profit of around RM 100mil for the whole of 2021. A big portion of the profit will come in in 3Q and 4Q base on the reason mentioned above. This translate to a fwd PE of only 8.7x.

This is a lot lower compared to what it use to be trading at prior to the fall in profit . In FY16 the group managed to deliver a profit of RM120mil. Excluding impairment the profit was actually around RM150mil. It was trading at more than RM4.40 when the 4Q16 result was announce. This translate to a PE of more than 25x.

The potential for MSM share price to go up further is high if it managed to deliver the profit that it is expected of it in FY21.
08/07/2021 10:35 AM
Bgt 9963 Good morning.!
09/07/2021 8:53 AM
petnch2020 The recent increase in covid cases has pull down the overall market. Even those that are operating during the FMCO are also seeing their share price being sold. For example MSM. Its refineries are located in Prai (Penang) and Tanjung Langsat (Johor). Penang has already move into phase 2 of the National Recovery Plan (NRP) while Johor is expected to enter phase 2 soon (expected next week). Even when the states are in Phase 1, MSM is allowed to operate given that it is considered as an essential services provider.

For those that plan to sell or already sold MSM, you still need to consider where best to put your money. Unless you decide to invest abroad then you will still face the same issues. It would be better to invest in companies that are less affected by the FMCO/ EMCO as it would provide you with potential undisrupted earning for FY20.

Refer to my post on 8th July to why i think MSM will post good result for this year regardless of the FMCO.
13/07/2021 4:30 PM
Arvin6 For me even put your hard earn money under pillow also better than invest in this MSM .. you can see this con stock already trap ppl how many round .. Good result also drop .. close factory drop.. everyday also drop... for my advise ..those who not jump in.. better not to come in..& for those already kena trap...sell when the price suddenly when up...
13/07/2021 10:11 PM
TedTock Thanks petnch2020. Comments like yours are useful for serious investors.
15/07/2021 1:21 PM
Jeffreyteck Goreng time? Wilmar to invest, isn't it insider info if it is really true but how come news reported and no action by authority? Law anyway as most of us know.
18/07/2021 11:10 AM
LRWoo99 MSM is good to invest ! No point to throw this company .. i believe this year will surge up to RM2 again soon
18/07/2021 12:18 PM
Hafid For Wilmar to invest, sure there want control. Without control the refinery will not make money.
18/07/2021 2:28 PM
ccy123 Good news for MSM. 1. can reduce debt. 2. can increase plant utilisation rate thus increase production efficiency and profitability
18/07/2021 3:33 PM
ket4212 morning everybody selamat hari raya
19/07/2021 8:35 AM
Bgt 9963 Good morning.!
19/07/2021 8:56 AM
Arvin6 remember sell high ..hit & go..
19/07/2021 11:05 AM
12340987 pump and dump.. run fast
19/07/2021 1:48 PM
12340987 msm gogogo south! back below rm1
19/07/2021 3:23 PM
wadefakup MSM below 1.00
19/07/2021 7:03 PM
kelvin61 With the possibility of Wilmar buying a stake in the Johor Refinery, MSM is looking good at the moment. Can expect prices to climb up slowy but surely, cheers.
20/07/2021 1:15 AM
LRWoo99 Robert really keeps an eye on MSM as he was the founder last time .. I guess MSM will accept Robert to join in and show a good Result in the coming QR
20/07/2021 7:44 AM
Bgt 9963 Good morning.!
20/07/2021 8:31 AM
Arvin6 Wow.. Great news.. Shark waiting to con small retailer... I believe this round will trap you all optimistic follower another round. For me this stock better hit & run.. For my advise this uncertain market please protect your hard earn money..
20/07/2021 8:18 PM
Bgt 9963 Good luck.!
20/07/2021 8:48 PM
ITCHYLEG There will those who believe and those who don't.

If you don't believe in it, then don't invest on it.

I'm very confident in this news. I bought 2M shares @ rm 1.308 on monday morning
20/07/2021 10:34 PM
monetary another mouse trap
21/07/2021 8:16 AM
Bgt 9963 Good morning.!
21/07/2021 8:32 AM
12340987 not mouse trap...it is so-crab trap. run before too late
21/07/2021 10:07 AM
Speed99 Gula is coming ?
22/07/2021 3:31 PM
Bgt 9963 Good luck.
22/07/2021 4:40 PM
12340987 Run before too late... pump and dump
22/07/2021 4:54 PM
jwyap Founder is back.
22/07/2021 11:57 PM
Bgt 9963 Good morning.!
23/07/2021 8:54 AM
12340987 "Founder is back" to trap you
23/07/2021 1:05 PM
kelvin61 Nonsense.
23/07/2021 3:02 PM
oldchinaman ITCHYLEG There will those who believe and those who don't.

If you don't believe in it, then don't invest on it.
23/07/2021 3:28 PM
winwin88888888 Today Asdion lahh~ good price to in and keep~ rumours that later possible to earn small profit
26/07/2021 2:56 PM
12340987 waterfall back.. congratulations!
26/07/2021 10:37 PM
thundery Undervalued stock, look from different perspective

https://simplywall.st/stocks/my/food-beverage-tobacco/klse-msm/msm-malaysia-holdings-berhad-shares
27/07/2021 7:19 AM
Bgt 9963 Good morning.
27/07/2021 8:34 AM
Edmundtrade Time to collect....Big shark is forcing ppl to sell and then they are collecting it kns . MSM business is still doing well coz everyone still need to makan and minum even in MCO or with or without PM. :p
31/07/2021 10:25 AM

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