maybe they already start buying behind the scene.

Singapore airline own by spore govt. aax will have more fund manager to buy once it official out from pn17.

please drop more knife. I can use both my legs to catch also.

I have been trained at shaolin temple to master the skill of holding fallen knife. no pain one. very enjoyable

even the stewardess have to sit on my lap as their seat have been taken by passenger

khazanah that own mas also start buying aax for merger purpose with mas

once out from pn17, epf and pension fund will start buying.

where is 1.50. I waiting like the fund manager

today I take aax flight, the plane is so full until I have to seat next to the pilot

value for strategic asset will grow with time
the govt will own this asset one day.

look into long term. the road already there. it won't disappear. furthermore we are holding a strategic asset

must have holding power

once it start move,, it will very fast go up to 60 sen. sabar

u don't sell aax when oil price continue going south

Saudi Arabia may reduce the official selling price of its flagship Arab Light grade for Asian buyers further, according to analysts polled by Reuters.

The price cut, for July deliveries, would be some $1 per barrel, they said. According to Reuters, this would bring the price of Arab Light for Asian buyers to the lowest level in 20 months.

moving towards 2.00

oil price plunge. aax continue making huge profit

down more please. I miss out to buy earlier. I want to buy the same price as the fund manager

i like pain. No pain no syok

opportunity to buy . thanks to those selling

buy on good outlook.
no need to see chart. Understand !!!!

chart show uptrend.

Please read the chart properly.

back to 2.00 soon

accumulate. govt support msm

crazy already ?

sohel... why so emotion ?

afternoon fly up again.

fly robin fly... up up to the sky

buy on long term. outlook still very good for air travel

tomorrow limit up

cross 3.60 soon

the govt will help msm . there are more plans coming

do u think the govt will let syed mokthar msm company continue bleeding by not selling at market price ?.i don't think so

chicken price now sell at market price and majority of the public listed company belong to Chinese make money.

with the export volume expand, the plant utilization increase . productivity increase, cost reduce

current price is well supported

whatever when to complete, the price will progressively moving upward

the govt open the back door to escape loss. Front door close for wayang only.... no increase price.

KUALA LUMPUR (May 26): MSM Malaysia Holdings Bhd is set to see its margins improve from the sale of fine white sugar at a floating price, which has just been allowed by the government, say analysts.

However, the analysts believe the loss-making group is likely to experience the “positive effects” only next year as time is needed to market the new premium product.

“We shall see the positive effects starting next year, given that the larger acceptance and understanding of its (fine white sugar) benefits would take some time to digest,” MIDF Research told The Edge.

“As more marketing jobs need to be done for the new product, additionally, they (MSM) also need to have the volume before they can break even and cushion the margin erosion coming from higher input costs of refined and coarse sugar.”

MSM and Central Sugar Refinery Sdn Bhd (CSR) — the two largest sugar producers in Malaysia — have been supplying refined sugar and coarse sugar at the set retail ceiling price of RM2.95 per kg and RM2.85 per kg, respectively, which the government said is set to continue.

MSM argued that persistent price ceilings have curbed its ability to deliver better earnings which, coupled with rising labour and input costs and a shrinking ringgit, have made for a challenging environment in which to operate.

The company, owned 51% by plantation outfit FGV Holdings Bhd, has reported losses for the past seven quarters straight. For the first quarter ended March 31, 2023 (1QFY2023), the company saw its net loss widen by 29.59% to RM35.88 million, from RM27.68 million a year earlier, as a result of lower margins and higher operating costs.

Quarterly revenue fell 1.26% to RM588.39 million from RM595.92 million, due to reduced export sales volume in order to prioritise local sales demand.

For the latest full financial year (FY2022), MSM sank into the red with a net loss of RM178.71 million, from a net profit of RM125.35 million in the previous year, despite a 13.55% rise in revenue to RM2.57 billion from RM2.26 billion.

The company did not declare a dividend for FY2022 while its latest dividend distribution of three sen per share was the lowest ever since its incorporation in 2011.

Both MIDF Research and BIMB Securities Research expect the new premium product to sell at RM4.20 a kg.

“Generally, this (new product) will improve the overall margin and over the loss-making coarse grain sugar since the selling price is 57% higher,” MIDF Research said.

BIMB factored in a preliminary assumption that MSM may produce 70,000 tonnes of fine white sugar in FY2023, which would garner a revenue of RM70.5 million or about 2% of total revenue.

And based on an annual output of 100,000 tonnes, BIMB foresees fine white sugar providing MSM a revenue of RM103.8 million in FY2024 and RM113.7 million in FY2025.

“We are cautiously optimistic on the new product though we expect demand to gain traction particularly next year given larger acceptance and understanding of its benefits,” BIMB said.

“We also acknowledge that demand for the product could potentially demonstrate resilience among the targeted market and customers, particularly the industrial users,” it added.

Including the bright prospects of the new product, the completion of rectification works for MSM's Boiler 1 at its Johor plant, and normalisation in costs, BIMB forecasts MSM to post a net profit of RM62.1 million in FY2023, RM74.4 million in FY2024 and RM111.1 million in FY2025.

govt open the road for MSM to export more to overseas. Oversea market have good prospect as USD is strong , ringgit is weak.

MSM intends to grow the export footprint further between 12-15% in the near term.

“Global sugar prices have been bullish due to food security concerns and global demand outstripping production. The export market attractiveness will spur MSM volumes into China, Philippines and Indonesia,” it said.

the loss is reducing.

u think government want msm to close shop meh?. they open a road to them to come back strong

MSM shares trims gain after closing near 15-month high
By Hailey Chung / theedgemalaysia.com
26 May 2023, 10:27 am
Updated - 10:34 am

main news image
KUALA LUMPUR (May 26): Shares of MSM Malaysia Holdings Bhd fell 5.71% or six sen to 99 sen in early Friday (May 26) trade, after it closed near its 15-month high on Thursday.

The sugar producer's stock soared to RM1.05 on Thursday, the highest since RM1.08 on Feb 22, 2022, following the government’s announcement that MSM could sell fine white sugar at market price effective immediately.

At the time of writing, MSM shares were actively traded, with 10.73 million shares changing hands.


The counter saw 44.2 million in trade volume on Thursday.

Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub on Thursday said the condition the government has imposed on sugar refiners to sell fine white sugar is that there must be coarse and refined white sugar supply of 42,000 tonnes a month.

Salahuddin said the existing ceiling prices remain on coarse and refined white sugar, which is at RM2.85/kg for coarse and RM2.95/kg for refined white sugar.

According to MSM, Malaysia’s sugar is the cheapest in the region, with the Philippines limiting its sugar price at RM8.50/kg, followed by Singapore and Vietnam both at above RM6/kg, Indonesia (RM4.40/kg), and Thailand (RM3.20 to RM3.50/kg).

In a note on Friday, BIMB Securities Research said the selling price of fine white sugar is expected to be RM4.20/kg, which would appeal to large industrial customers given the potential cost savings.

“We are cautiously optimistic on the new product though we expect demand to gain traction particularly next year given larger acceptance and understanding of its benefits,” BIMB said.

“We also acknowledge that demand for the product could potentially demonstrate resilience among the targeted market and customers, particularly the industrial users.”

The firm reiterated a “buy” call on MSM with a new target price of RM1.49 (previously 95 sen).

Tomorrow up again

not multimillion..... it is multibillion

uptrend already. Dont wait

wah..... profit up so much. open gap ip

aax still half way to reach Himalaya peak. very strong climbing

tomorrow open gap up to 1.95
then 2nd half, it crawl to 2.00
then closing at 2.02