Highlights
KLSE: KFM (8303)       KUANTAN FLOUR MILLS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.15   +0.02 (15.38%)  0.15 - 0.15  10,000
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General Meeting

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Ann. Date Date Time Type Venue View
31-Jan-2019 27-Feb-2019 15:00 AGM Function Room 1, Rocana Hotel, 1st floor, B2-B10, Lorong Tun Ismail 8, Sri Dagangan II, 25000 Kuantan, Pahang. Meeting Detail
29-Jan-2018 27-Feb-2018 15:00 AGM Casuarina Hall, Swiss Garden Beach Resort, 2656-2657, Mukim Sungai Karang, Balok Beach, 26100 Beserah, Kuantan, Pahang, Malaysia Meeting Detail
27-Jan-2017 27-Feb-2017 15:00 AGM Casuarina Hall, Swiss Garden Beach Resort, 2656-2657, Mukim Sungai Karang, Balok Beach, 26100 Beserah, Kuantan, Pahang ,Malaysia Meeting Detail
03-Mar-2016 31-Mar-2016 14:00 AGM CASUARINA HALL, SWISS GARDEN BEACH RESORT, 2656-2657, MUKIM SUNGAI KARANG, BALOK BEACH, 26100 BESERAH, KUANTAN, PAHANG Meeting Detail
23-Jul-2015 18-Aug-2015 14:30 EGM Casuarina HallSwissGardenBeach Resort 2656 -2657MukimSungaiKarangBalok Beach 26100 Beserah Kuantan Meeting Detail
03-Sep-2014 29-Sep-2014 11:00 AGM THE ZENITH HOTEL, ZENITH 2 & 3, LEVEL 3, JALAN PUTRA SQUARE 6, PUTRA SQUARE , 25200 KUANTAN, PAHANG DARUL MAKMUR, MALAYSIA Meeting Detail
02-Sep-2013 26-Sep-2013 14:30 AGM THE ZENITH HOTEL, ZENITH 9 & 10, LEVEL 3, JALAN PUTRA SQUARE 6, PUTRA SQUARE, 25200 KUANTAN, PAHANG DARUL MAKMUR, MALAYSIA Meeting Detail
30-Aug-2013 26-Sep-2013 14:30 AGM THE ZENITH HOTEL, ZENITH 9 & 10, LEVEL 3, JALAN PUTRA SQUARE 6, PUTRA SQUARE, 25200 KUANTAN, PAHANG DARUL MAKMUR, MALAYSIA Meeting Detail
30-Aug-2012 26-Sep-2012 14:30 AGM The Zenith Hotel, Zenith 4 & 5, Level 3, Jalan Putra Square 6, Putra Square, 25200 Kuantan, Pahang Darul Makmur. Meeting Detail
29-Aug-2012 26-Sep-2012 14:30 AGM The Zenith Hotel, Zenith 4 & 5, Level 3, Jalan Putra Square 6, 25200 Kuantan, Pahang Darul Makmur, Malaysia Meeting Detail
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jayalbert n finally, dont keep shouting about market crash, but at the same time keep talking about how good Dow Jones is. As for KFM, will buy again when it dips further
16/02/2017 15:27
Ong Josephine yes.. wait for 18.5 to buy
16/02/2017 15:57
jayalbert yes josephine, dui, me 2
16/02/2017 15:58
Ong Josephine see....no volume already
17/02/2017 10:18
Hock Wei Tan Wil come back to 0.27 soon . Sty tune
17/02/2017 12:18
BaoFaCai He....he.....
17/02/2017 12:32
NorthernStar There should be another one or two rounds before June than game over.
Good luck!
17/02/2017 12:41
NorthernStar A huge block of x,xxx,xxx got stuck at 0,24 and they are the Buy and Hold investors waiting for exit from PN17.
17/02/2017 13:13
Ong Josephine true or fake?
20/02/2017 11:49
Michelle88 Can up till 0.30 ? Cannot hold too long
20/02/2017 12:31
ran777rpt I expect around 27 or 28 short term. If held beyond the tp expected 33
20/02/2017 12:40
ran777rpt Coming
20/02/2017 15:48
Ong Josephine wait for 18.0 or 18.5 to buy back...soon...in 1 day or 2
22/02/2017 16:17
NorthernStar Josephine, it is coming for next round!
24/02/2017 10:55
limch 0 revenue 19.5 sen. Malaysia boleh? China tak boleh?
28/02/2017 12:59
sengkee Malaysia & China dua-dua pun boleh. Wait and see
28/02/2017 21:32
NorthernStar Not good! :-(
03/03/2017 08:33
dingdong123 ##*%...--..-...*&^*
03/03/2017 12:51
sengkee Dah lama ni berehat. Bila nak bangun?
09/03/2017 22:17
ran777rpt Besok
09/03/2017 22:21
Ong Josephine lai liaoooooo
29/03/2017 09:21
cscheong yeh......
29/03/2017 09:31
franky65 Stock Alliance said will move but now stuck already ......
29/03/2017 09:56
jayalbert people accummulated at 18 to 18.5 c range n dispose them off this morning. i did..
29/03/2017 09:56
franky65 ayoo got coned listen to stock alliance making big noise but ..........
29/03/2017 11:10
franky65 STOCK ALLIANCE WHERE IS THE UPTREND you where so sure about it this morning
29/03/2017 15:02
ran777rpt Kindly announces regularisation plan by share private placements and rights issue
29/03/2017 20:39
ran777rpt Sorry it is KFM and not kindly, ha ha ha
29/03/2017 20:40
ran777rpt Does not look good. Anybody can explain?
29/03/2017 20:42
sengkee Why not good? From a -0.17 NTA company to become a 0.20 company after completion of regularisation plan. More importantly it is alive and don't need be delisted.
30/03/2017 05:06
birkincollector private placement at 0.200. will push high to attract investor
30/03/2017 09:23
agcnazriadam Aiming this counter...
30/03/2017 12:38
franky65 total disaster now 0.185 stupid stock Alliance
31/03/2017 16:38
nklye Kihkihkih...
Pity the writer get bangboo when price drops...
31/03/2017 16:41
sengkee Quite difficult to move above 0.20
05/04/2017 23:24
chompks Its going nowhere
07/04/2017 15:52
sengkee Need time
10/04/2017 10:30
DokDokChang https://klse.i3investor.com/servlets/forum/903435434.jsp
why this counter got strong support at RM0.185-RM0.195...
white knight relatively unknown...
13/04/2017 11:06
jayalbert KFM lai lai.. man man aar
26/04/2017 15:08
paktua73 Brought a bit today will get bit tomorrow
17/05/2017 22:14
DokDokChang Company just announced that they need another three months extension from Bursa to submit regularisation plan... i think if not granted, company will be delisted soon...
14/06/2017 13:47
chengcheng2017 Thanks DokDokChang for sharing this important info.... http://www.bursamalaysia.com/market/listed-companies/company-announcements/5459145

Better run fast fast b4 too late
14/06/2017 17:37
franky65 white knight sleeping Management doesnt care about shareholders
08/11/2017 09:54
kyosan wow...struggling before jump down....see their latest qtr result loor...
29/11/2017 18:03
Yang Addison almost yr end still got no news coming
14/12/2017 15:43
sengkee Last year about this time, KFM was super hot. This year looks very quiet.
17/12/2017 23:32
Rio2814 The same price you can get some warrants or share. No fear of delisting. Like. AT, Asiabio, UMWog WA, reach WA, Netx. .... why want to risk your hard earned money.
18/12/2017 12:05
Yang Addison any big news
11/12/2018 21:40
bibi_michelle Any news with ths kfm ? Y so silent
27/12/2018 14:01
commonsense Hi bibi,

This is a company that has been recording losses for at least 10 years. And to think it will suddenly turnaround in FY19 might be a bit of a wishful thinking on the part of the shareholders.
That being said it actually already has a regularisation plan in placed to take it out of the PN17 status which consist of:

1) Capital raising via first a private placement of 27.3mil new share at RM0.10 per share amounting to RM2.7mil. Second will be via a right issue of 477.6mil shares at RM0.10 to existing shareholders (5 right issue for every 1 share owned) amounting to RM47.8mil. This bring the total of new capital to around RM50.5mil. Shareholders will need to subscribe to the right issue or risk being diluted later. They will also be missed out on getting the free warrants which are tradable once listed.

2) Reduction of debt. The company managed to negotiate a reduction of debt from its creditors. The company will “pay” most of its debt via issuance of 116.6mil new shares at RM0.10 and 58.3mil warrants.

3) Lotus Essential, a supplier to KFM will see RM15mil of its debt being repaid by issuance of RCPS of 300mil units at RM0.05 per unit which can be converted to 1 share for 1 RCPS. Here, there is another very big potential dilution to shareholders later since Lotus is given the right to buy new share at 5 sens compared to other investors at 10 sens.

4) Another RM16.4mil amount owed to Lotus will be set off from the proceeds of the Private placement and right issue exercises.

The remaining cash from the private placement and right issue amounting to RM34mil will mainly be used as working capital for existing businesses (wheat flour and tapioca starch businesses).
In summary, current shareholder will need to be prepare to add in another RM0.50 per share of their current investment. If let say you decide to buy KFM today at 12 sens, you will need to prepare another 50 sens later for your subscription to the right issue. So, your total investment is actually will be 62 sens.

Investors need to take note of the big potential dilution later especially if Lotus decides to convert their RCPS (worth 5 sens per unit) to KFM share which will push down the price given the steep discount. They can convert this anytime they want within the 5 years.

Another thing to take note is that the core business will still be the same. If you look at FY18 results, there is actually no finance cost being paid. So, all of this exercise would actually not improve the company’s bottom line (if business environment remain the same as 2018, then they will still be making losses). The improvement will be on the balance sheet via the elimination of debt and injection of new cash.

If you are looking to diversify your portfolio outside of Kuantan Flour Mill (due to still weak earning outlook and big potential dilution later) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the newly revamp Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
16/01/2019 10:08


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