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Overview
Financial Highlight
HeadlinesBusiness Background MSM Malaysia Holdings Bhd and its subsidiaries are involved in the business of sugar producing and refining, sales and marketing of refined sugar products, planting of rubber and oil palm, commodity trading and raw and refined sugar trading. The firm has Sugar and Rubber and palm oil operating segments. It derives the majority of its revenues from Sugar segment. The firm markets its products under Gula Prai brand name.
  AnaiAnai QR loss again. 7 times also loss QR. No hope already need to change mgmt. 19/08/2020 1:50 PM mkmike Malaysia’s leading refined sugar producer. From RM5 to RM0.50. The value of the price says it all. 19/08/2020 4:26 PM bsklshark This company managed by a bunch of morons together with some Monkeys same like TH . Claimed to be biggest sugar producer but every quarter also lose millions. SPRM tolong siasat 19/08/2020 7:24 PM  Steady Punpipi Pls sell and go away ...no one interested in your negative thoughts ...what a bunch of sour grapes!!! 19/08/2020 8:45 PM AnaiAnai have to wake up. it wont be profitable in the near future after 7 attempts also at loss. gross margin so low. minus admin cost left nothing. need to pay bank interest and other costs. how to be profitable? Even EPF also ceased as a substantial shareholder. see no future. very unfortunate ending. 19/08/2020 11:19 PM Moneyfind44 Bad QR.. Not only loss but revenue also drop...better sell this company la... 20/08/2020 11:11 PM Steady Punpipi Sour grapes pls sell all and go away ...dun lowball and waiting to buy low ....tambah gula not garam ya ....lolz 21/08/2020 7:18 AM Up_again Too much weird deals going on behind the scene Mind boggling that businesses like this which are protected by the gov can’t churn out positive QR. 21/08/2020 7:36 AM AnaiAnai FGV sell palm oil more lah. MSM sell sugar lah. FGV own MSM drag down FGV as a whole same as Wilmar sugar division not profitable for long time too. So sugar hard to make money now. what sugar daddy? sunset daddy? dying daddy? no hope to be profitable? 24/08/2020 3:37 PM Jeffreyteck Holland trend to south, well done management and bod as you made it despite certain advantages the company has. Msm boleh! Inventory irregularities need explanation. London biscuits 300 million receivables written off no need to explain. Authority needs to answer. 08/09/2020 2:40 PM newbie300 https://www.theedgemarkets.com/article/msm-group-ceo-placed-leave-absence-required-explain-certain-irregularities no wonder price of MSM not perform at all for past 6 months... haih... 08/09/2020 3:45 PM Jeffreyteck 21 Aug....MIDF expects MSM to turn around in FY21, upgrades to 'buy'. Hopefully nobody listen then. ST trading opportunities. 08/09/2020 3:55 PM Loh Kok Wai W buaya change too dracula.dracula change to piranna,piranna change to Zombie........zombie change to org minyak....... 08/09/2020 4:07 PM jwyap such good monopoly company, can be lost every year, i hope that company change all the management staffs and give its become profit company. mr kuek controlled its had the good results every year. disappointed 08/09/2020 8:34 PM Jeffreyteck No jail and minimum penalty, we must learn how to tolerate and forgive as like water pollution and disruption. After all not enough evidences and buy time. 09/09/2020 7:59 AM Good123 below 50sen KUALA LUMPUR (Sept 9): CGS-CIMB Research maintained its "reduce" rating of MSM Malaysia Holdings Bhd at 54.5 sen with an unchanged target price (TP) of 55 sen after MSM's group chief executive officer (CEO) was placed on leave of absence and required to explain certain irregularities relating to inventories of MSM Sugar Refinery (Johor) Sdn Bhd. MSM, however, did not specify the nature of the inventory irregularities and said the company will continue its business as usual. In a note yesterday, the research house said it remains negative on the news as it suggests weak management at MSM. According to CGS-CIMB, MSM had said the irregularities relating to the inventories of MSM Sugar Refinery (Johor) will not impact its earnings for the current year as they had been accounted for in the financial year ended Dec 31, 2019 (FY19). “We suspect this could be partly related to the write-down of inventory value in 2019 totalling RM50 million. In MSM’s 2019 Annual Report, the group revealed that it lost RM49.4 million due to inventories written down to net realisable value and RM1.5 million from inventories written off in 2019. “Although we are relieved to hear that this issue is unlikely to affect FY20 earnings, we are still negative on this news as it would shed a negative light on past governance/management of MSM. This is the second time in recent years that MSM appears to have an issue with its CEO,” it said. The research house highlighted that in January 2018, MSM’s then president and group CEO Datuk Mohamad Amri vacated his post and claimed that he had been constructively dismissed. CSG-CIMB said it was reported by the media that he tendered his resignation after disagreeing with the appointment of Datuk Khairil Anuar Aziz as an executive director on MSM’s board. “We reiterate 'reduce' with an unchanged TP of RM0.55 (P/NTA) as we expect MSM to continue reporting losses, which could affect its ability to attract potential suitors. We are also concerned over the low utilisation of its Johor refinery and weak management,” it said. At 10.15am, MSM had dipped 0.96% or half a sen to 51.5 sen, with a market capitalisation of RM362.04 million. 09/09/2020 11:15 AM Jeffreyteck Believe no issues or most likely will drag years as in.... Ex-Transmile boss appeals against conviction... only old people can recall this long outstanding case, that is efficiency and effectiveness. Lol. 09/09/2020 5:52 PM Mcmc Whats d story? Why is the head of plant and finance not questioned or asked to go holiday? 10/09/2020 7:14 PM Winson Nera Any update from this vacuum management and audit company? Espcially that CEO 16/09/2020 10:56 AM ThousandWishes gemfinder It's no longer true with the emergence of Serba Dinamik Holdings Bhd & all other companies managed by Ir Muhd Karim Abdullah. These are genuine globally competitive companies. You may be right if he is a newly Sarawak born convert. 18/09/2020 4:22 PM  |
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