coming back !

guys, PE only 4x, undemanding valuation. under the radar . even if u annualized the recent surge in profit, the co should be able to command higher PE and hence potentially higher price from hereon

looks like an undiscovered gem! park some money here and see it turns gold

mikecyc - u holding on to this? when gonna boom again

haha kasi wash kah

accumulation ?

@mikecyc - thanks for sharing...relatively low vol past 2 days . see if got action tomorrow

awang: what is the outcome

deeply undervalued...

what happen tomorrow?

but company warrant with long way to go maturity(1,000 days) , the current premium is considered quite low still

can anyone share the insights from investors briefing held at 10.30am today?

support found, time to fish, boys and girls

hmm. today filing shows one of the directors bought some at 1.30 .

nice rebound on Friday. still undervalued & overlooked by investment community

laggard effect maybe. matter of time it will get re-rating soon

same. collected more at 0.955.

Bullish, care to share how do u derive to the net profit figure? just an indication

jump on the wagon too !

@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)

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!

agreed. under-appreciated stock. the jewel of their business is prospects and growth trajectory of their agrichemical business. Contributing over 70% of profit with gross margins of >15%, this division is supported by a 4- year CAGR of over 25% in both revenue and profits!

key points from Rakuten:

1) Ancom Crop Care Sdn Bhd made RM35m net profit in FY19 and we expect the Group to maintain its profitability over the next 2 years with agribusiness to be key driver delivering earnings growth with new products to come onstream by FY21.

2) A bright spot amid Covid-19 pandemic as their subsidiaries are experiencing surge in demand which manufactures ethanol, an active ingredient in sanitisers.

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

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)

is something brewing? MSM also up significantly - mflour follow too

thanks yeoqian. this is indeed an overlooked gem

QR coming out next week. will be interesting

holding up really well despite a brutal week last week

ya. keep this stock for hedge to market

the company's director bought some shares in open market past few days

let's see how today. Monday selloff (due to our political scene rather than Covid-19) is a good indication the stock is pretty resilient

that's because it is overlooked by market

hehe. I like the term "selloff washing"

https://www.bloomberg.com/news/articles/2020-02-26/goldman-sees-virus-lifting-gold-to-1-800-as-last-resort-haven

goldman predicts gold price 1,800. poh kong will be interesting play

maybe past few days clearing contra kakis

me too top up

this counter has value. P/E only 8. dividend yield is 2% at this current price . gold price continue to be elevated , should benefit this company going forward

should rebound soon to above 60c soon. broke resistance 63.5c recently

QR incoming!

share price steady

share holding up well despite the brutal sell-offs

good news incoming?

from its Q3 commentary: Commentary on Prospects
CPO price is expected to strengthen towards the year end in view of the lower than expected FFB production coupled with expectation of higher demand arising from the implementation of higher biodiesel usage next year

The Group recorded gross profit of RM8.2 million for the current quarter as compared to previous year’s gross loss of RM2.0 million as plantation costs have been sequestered and further rationalized. As such, year-to-date gross loss reduced by 78.2% as compared to corresponding period in 2018.

their NTA is RM0.29! downside limited?

thanks @Stressedesserts for the catalysts above. be patient to loyal shareholders : )

my TP is 55c . enough de. hehe

the selling is well-absorbed. watch out for rebound

lol. could be. next quarter earnings should be good

ya. rebound quietly

buy and hold . according to Kenanga Research - OCK is a growth story and is a key beneficiary of the 5G deployment and infrastructure projects under the national fiberisation and connectivity plan.

opportunity guys...