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3 days ago | Report Abuse
"We are confident that leveraging the capacity of our plantation presents a significant opportunity to meet the burgeoning global demand for coconut sugar products. Upon reaching maximum harvest capacity, we anticipate establishing ourselves as the largest and foremost fully integrated company dedicated to coconut sugar products worldwide."
Good highlight, Nepo. Can't wait to ask them more about the venture into coconut sugar biz in the coming AGM / quarterly briefing. Wondering how much revenue they are expecting from this venture. According to this report the top 3 players are having between USD169m - 260m revenue.
https://www.globalmarketmonitor.com/report_blog/1861531.html
2022-03-31 11:50 | Report Abuse
There are rules on continuing disclosure (Chapter 9 of Listing Requirements). It's a JV, the financial impact isn't material enough to warrant immediate announcement.
2021-03-01 09:20 | Report Abuse
Bullish2021, to be fair it has increased the div payout by 100%, it paid a interim of 6c already. Full year dividend is 12.5c now compared to 6c last year.
The management has utilised bulk of the cash to settle the debt. I believe dividend could increase further once all the debts are settled this year.
2020-12-31 16:11 | Report Abuse
Either Fidelity is on holiday or they sold off all their shares. Hopefully is the latter :)
2020-12-16 11:30 | Report Abuse
Escape? Did the business prospect change over the last few days?
Fidelity is about to finish dispose of all its stake, there will not be that much of supply again next year. Looking forward for record profit and perhaps divided in Q4 announcement :)
2020-12-03 15:10 | Report Abuse
I think FMR will finish dispose of its stakes soon. attractive entry price now as the disposal are well absorbed at RM7 level.
2020-11-20 10:19 | Report Abuse
Just like Serba DK, it's unfortunate that one of the substantial investors decided to pare down their stake. However this will not last forever.
In actual fact the share price hovers around RM7+ suggests that the selling is actually well absorbed by market / perhaps another large shareholder. The share price will start moving upward fast once the selling is done.
MFCB is a proven well run company. Just be patient and wait for the next catalysts (a) even better Q4 profit from Don Sahong, (b) higher dividend, (c) potential LSS project to materialise...
2020-11-20 10:04 | Report Abuse
No dividend? Read carefully buddy.
The interim of 6c matched 2019 full year dividend already. Expecting a better final dividend next quarter :)
2020-11-19 17:54 | Report Abuse
And next quarter is expected to be even better as no maintenance will be carried out :)
2020-09-28 13:15 | Report Abuse
No idea whether it will x3 or not, but oil price did not recover, in fact it has dropped to around USD41 - 42 from USD45 - 46.
2020-09-28 12:18 | Report Abuse
Looking at ASP alone would not tell a complete picture. One should focus on margin spread (ASP - Naphtha Cost) instead.
The Management expect to see continual increase of margin spread (higher than 2019 already) and volume (record volume achieved in May & June already) in second half. Please refer to slides below:-
https://www.lottechem.my/upload/webBoard/LB15/LB15_a_20208515276.pdf
2020-08-27 09:32 | Report Abuse
The acquisition has completed on 2 Aug. Looking forward to higher profit and more dividends :)
2020-08-25 09:53 | Report Abuse
On course to breakout from cup and handle formation, stay tuned!
2020-08-24 16:17 | Report Abuse
Both fundamental and chart also look great, breakout from the cup and handle formation :D
2020-08-18 15:08 | Report Abuse
Buoyant market is back, hopefully qtr result will be announced tomorrow. Great timing :)
2020-08-07 11:18 | Report Abuse
Earlier than Sept as Q2 result will be out before end of Aug :)
2020-08-05 11:00 | Report Abuse
UTDPLT and CHINTEK reported good Q2. TSH should follow suit.
2020-08-05 10:54 | Report Abuse
Amway is in the midst of transforming into "open retail" model. They would launch Amway Privileged Customer before end of this year. It can be a game changer.
2020-08-05 10:40 | Report Abuse
Forming cup and handle pattern. Sit tight ready for break out!
2020-08-03 10:26 | Report Abuse
Broke new high, sky is the limit :)
2020-07-30 10:06 | Report Abuse
One of the few companies (apart from glove) that will report bumper profits in the next few quarters. Most importantly it's still trading at much lower valuation compared to glove!
2020-07-22 10:01 | Report Abuse
Warming up for another excellent quarter. Great opportunity to accumulate this cash cow while everyone is focusing on glove.
2020-07-21 16:22 | Report Abuse
waiting to form handle and hopefully can breakout soon :)
2020-05-25 23:13 | Report Abuse
Bursa has allowed extension of filing QR automatically due to MCO. Nothing suspicious.
2020-05-13 10:21 | Report Abuse
huh on board a shell company with no revenue generating business?
2020-05-08 09:53 | Report Abuse
Judging from the volume I believe EPF is going to fully divested its stake soon. The price should move up easily once the overhang is gone.
2020-03-12 15:54 | Report Abuse
7% dividend yield at current price with steady business outlook. good for defensive play
2020-03-11 09:58 | Report Abuse
Easily one of the top "defensive counters" to consider in current challenging time. Great dividend + steady business growth.
After the special div is paid end of April, shareholders can look forward for addtional gain on disposal of RM400m in Q12020 result.
2020-01-13 16:19 | Report Abuse
I will be very surprised if Bursa and MSWG did not question the share subscription agreements (SSA).
Paying RM10,000 (non-substantial and thus shareholders' approval are not required) to subscribe for shares in companies that are in the midst of buying RM350mil worth of lands from "someone" (seller details are not provided)?
As though Malaysian investors are blind...
2018-11-16 21:25 | Report Abuse
Looking good, forming cup n handle.. next breakout will be unstoppable :)
2018-11-06 10:14 | Report Abuse
If this p2p financing for Fund My Home is viable, USA & other developed countries long ago alredi implement it. Do you think Msia is more genius than USA?
06/11/2018 09:14
Open up yr colonised mindset :)
2018-07-17 10:40 | Report Abuse
http://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/download/EWI_Presentation.pdf
Refer pg.20 for earning sustainability
2018-01-12 16:11 | Report Abuse
Pang72... Why would a renowned insurance company want to do a back door listing???
2018-01-12 15:09 | Report Abuse
https://www.thestar.com.my/business/business-news/2018/01/12/kuchai-shares-rise-in-anticipation-of-great-eastern-listing/
Please read carefully. So many things remained unknown. How to determine "Kuchai is poised to be major beneficiary.."
Swt..
2017-12-06 12:03 | Report Abuse
June 2017 - Rebound from the lowest of RM7 to RM9.90 - Gain RM2.90
Aug 2017 - Rebound from the lowest of RM8.22 to RM12.98 - Gain RM4.76
Dec 2017 - Rebound from the lowest of RM10.68 to ???
2017-12-05 16:56 | Report Abuse
It's time to restore the gap of RM1 - RM2 to HY? :D
2017-11-10 13:45 | Report Abuse
"The impressive result was driven by its continued focus on high-value segments and sustained
sales volumes from its Philippines and Malaysian operations. Combined sales volumes hit 80.2
million barrels in the first three quarters of the year, slightly higher than the 79.3 million sold
in the same period in 2016.
The company said that sales volumes would have been higher if not for scheduled maintenance.
Petron’s Bataan refinery was running on maintenance mode below optimum capacity for 35
days in the second quarter and 18 days in the third quarter. Malaysia grew volumes by 9% in the
period under review."
http://www.petron.com/web/Media/uploads/11_10_17_-_Media_Release_-_Petron_Posts_P11.8_Billion_Net_Income_in_First_Nine_Months_of_the_Year_._._.pdf
Fantastic results :D
2017-09-12 09:57 | Report Abuse
Breakout to all time high again :D
2017-08-09 14:38 | Report Abuse
I guess the Philippines has different practice. That's only media release / news artilces. I still couldnt find the quarterly financial statements.
2017-08-09 14:28 | Report Abuse
Petron Corporation (the parent company) will release quarterly result tmr, but it wont have financial detail of Malaysian unit (referring to Q1 annoucement).
Petronm usually release at the final week of the month.
2017-08-04 10:48 | Report Abuse
The industry is having a good time now (increasing operating margin). Don't get too worried because of the seemingly high price (in absolute value).
Remember even F&N could rise from RM17+ to RM25+ within 6 mnths last year, when the industry they operate in was having great time (low commodity price boosted their margin).
And this is exactly the perfect time for refiners :)
2017-08-03 18:01 | Report Abuse
Aiden, it break out from cup v handle formation. Sky is the limit now. What do you think :)
2017-08-03 16:39 | Report Abuse
Breakout from cup with handle formation.. js hold tight :)
2017-08-03 16:14 | Report Abuse
Petronm is a good company in its own right. Finally it has moved out of HY's shadown :)
2017-08-02 17:45 | Report Abuse
slowly but surely :)
2017-07-28 16:22 | Report Abuse
Looks like it gonna break out from the resistance and make new high today! :D
Stock: [MFCB]: MEGA FIRST CORPORATION BHD
2 days ago | Report Abuse
Maybank's valuation did not ascribe any value to the new ventures. The company is reinvesting the cash to grow and at the same time giving out decent dividend. Why sell?