meisarel

meisarel | Joined since 2013-07-02

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4 days ago | Report Abuse

What is the average entry cost by Redtone.

From the announcement:

Aggregate purchase consideration: RM13,072,245

Aggregate number of shares: 6,400,000

Average price per share = RM2.04

Is this correct?

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1 week ago | Report Abuse

@Goldberg

If that is the case, that explains why HTPadu pulled out from the race as reported by TheEdge earlier.

Not bad at all for HTPadu. After all, they have been getting new contracts lately via its 20% holding company (Dapat Vista) recently (i.e MyDigital ID and soon e-jamin)

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1 week ago | Report Abuse

Collaboration?? Time will tell

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1 week ago | Report Abuse

Breakout with relatively higher volume. Nice!!

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2 weeks ago | Report Abuse

Pending breakout

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1 month ago | Report Abuse

HTPadu being the developer of existing system with 20+ years experience maintaining MyImms system.

Myeg with more that experience especially on the front end of various gov agencies.

To have them out of the race completely seems illogical. They may still exist, but in different form.

Anyway, this is what they said in 2020:

https://theedgemalaysia.com/article/heitech-padu-confirms-bidding-niis-says-collaborations-are-way-forward

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1 month ago | Report Abuse

“Now, the three have until end-March [March 26] to submit their firm proposals. I expect consortiums to be formed, even joint ventures with those [more than 10] companies that have been eliminated, as the project size is quite big. And, realistically speaking, no party would take on the contract and such risks alone,” one source familiar with the tender briefing says.

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2 months ago | Report Abuse

Good. Volume building up. Breakout moment is around the corner

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2 months ago | Report Abuse

Volume drying up. Before next definitive move!!

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2 months ago | Report Abuse

Chart dont lie. Uptrend intact. Break 2.40, a new upwave begin to take out 3.15

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2 months ago | Report Abuse

Uptrend still intact despite turbulence. EMA 50 last defence

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2 months ago | Report Abuse

Rosetta is still in HTPadu. But Farhash no longer major shareholder due to shareholding change at Rosetta holding company.

In my opinion, the key person for HTPadu in NIISe’s tender is TS Wong (Myeg). Thats the main technical partner. And that doesnt change.

Even MYEG director, Datuk Jimmy’s appointment in HTPadu is still intact.

With Farhash out of the picture, the ‘political’ noise surrounding HTPadu should gradually subside

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2 months ago | Report Abuse

Ignore the noise.

Keep calm and slowly reload

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2024-04-08 12:24 | Report Abuse

MYEG and Rosetta Partners collectively hold more than 30%. Acquired from open market.

Less weak holders. The stock should be more stable going forward

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2024-04-03 15:01 | Report Abuse

Nice bounce. Time to slowly regain lost ground!

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2024-04-03 09:42 | Report Abuse

Tested 50 EMA. Load more

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2024-04-02 14:42 | Report Abuse

Load slowly

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2024-03-15 11:39 | Report Abuse

Price divergence. Maybe correction first

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2024-02-27 16:48 | Report Abuse

Continue charging higher. Judging by the surging price action, the news on new sugar mechanism could be just around the corner

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2024-02-27 12:22 | Report Abuse

https://www.nst.com.my/amp/news/nation/2024/02/1017990/sugar-subsidy-regressive-says-wee-ka-siong

If indeed Gov decided to continue incentivise MSM at RM 1 per kg, eps at 10 sen per quarter is to be expected.

Annualized, that will be 40 sen per year.

At PE of 10, it will be a RM 4.00 counter. Multibagger in the making!!

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2024-02-26 12:26 | Report Abuse

If gov still want to set at illogical price at 2.85, can. Let gomen give subsidy. Dont force Felda to subsidise that illogical low price.

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2024-02-26 12:24 | Report Abuse

Indonesia price RM 5.40++ Malaysia price 2.85? Where is the logic

Even Thailand, a sugar producing nation set at 3.50++

No logic at all price in Malaysia. Not sustainable!!

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2024-02-22 21:49 | Report Abuse

Great result!!

The 2 month incentive totalling 48 million. This is equivalent to RM 1 incentive to each kg produced for domestic retail sugar sold at RM2.85/kg.

Effectively, with gov incentive MSM ‘sold’ sugar at 2.85 + 1 = RM3.85 per kg in Nov and Dec for 24,000 tonnes as per their commitment volume.

Which means, if it is not because of unsustainable illogical low sugar price set by government, MSM can make significant profit.

If government approve the price hike at 3.85 as requested by MSM, we can expect MSM to record roughly about 70 million per quarter @ EPS of 10 sen per share. At RM 3.85 it is still one of the cheapest price in the region, maybe after Thailand which is a sugar producing nation. Doesnt make sense at all that the price is cheaper than Thailand like it is today.

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2024-02-20 19:29 | Report Abuse

Indeed. Expected Q4 result announcement tomorrow

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2024-02-19 15:02 | Report Abuse

Volume building up with breakout. Looking good!!

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2024-02-15 11:05 | Report Abuse

Q4 2023 expected next week. Good result?

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2024-02-13 13:13 | Report Abuse

Technically looks nice. Another price surge around the corner?

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2024-02-12 18:33 | Report Abuse

@5354_ There will be no buyer who wants to buy MSM if the selling price controlled by government is way below the cost of production. Nobody wants to invest in a “sure loss” business.

For example, government has granted more APs to companies to import sugar. Target volume was 550,000 tonnes. HOWEVER, only 4% (22,000 tonnes) was brought in. NOBODY is willing to bring in sugar from international market at higher price and sell in Malaysia at a loss!! And NOBODY wants to buy MSM without any revision on local sugar pricing.

https://www.malaymail.com/amp/news/malaysia/2023/11/12/malaysias-sugar-supply-disruption-due-to-spike-in-prices-in-international-market-says-armizan/101717

5354_
If base on Johari Abdul Ghani yesterday comments I don't think sugar price can be floated in Malaysia. So best is Felda must find buyer for MSM.

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2024-02-12 18:18 | Report Abuse

Choices are limited. Options are:

1) float price
2) give subsidy/incentive
3) hybrid mechanism ( mix of option 1 and 2)
4) force MSM and CSR to bear the losses to maintain current price.

In terms of risk, option 4 is the riskiest as it most likely will lead to sugar shortage and therefore food security issue in Malaysia if both MSM and CSR go bust. They have been bleeding since the sugar price spike in 2022&2023.

Hence, the only feasible option left is either 1, 2 and 3. Whichever way you cut it, it will benefit MSM greatly as the new sale price will have to cover its cost. It can stop bleeding and record loss and with the Johor plant refinery reliability fully restored now, more can be done to cater for export market.

Personally, I think MSM is a cornered stock. And if food security is a priority for the government, then naturally the only way its share price can go moving forward is UP!!!

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2024-02-07 13:45 | Report Abuse

Based on previous media report, Wilmar and Syed M was interested. Anyway, that remains as speculation for now.

Personally, I feel if the sugar price is floated MSM will be a profitable company. Alternatively, gov come in and subsidise like what they are doing currently at RM 24 mil per month.

When Gula Perai was under the previous billionaire owner, it received subsidy to the tune of RM 500++million every year!!

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2024-02-07 11:03 | Report Abuse

https://www.astroawani.com/berita-bisnes/felda-sepatutnya-utamakan-pengeluaran-minyak-sawit-bukan-buat-gula-miliki-hotel-johari-ghani-457094?amp=1

Interesting point is as per below:

“Felda tidak sepatutnya melihat di luar industri sawit. Kita perlu fokus, dan tidak boleh terlibat dalam terlalu banyak perkara seperti pembuatan gula, memiliki hotel”

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2024-01-29 20:23 | Report Abuse

@KylieTan

Thanks. Anyway, I could be wrong in my technical assessment. Good luck everyone!!

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2024-01-29 12:09 | Report Abuse

Booked profit first today. Been riding since 1.46.

Will revisit MSM in Feb. Good luck all!!!

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2024-01-28 21:56 | Report Abuse

Since start of the year 2024, MSM has made a remarkable gain of 50%.

Up from 1.61 to 2.41, a gain of 80 sen. Do you think MSM will continue with its bull run streak?

Or a mild correction is around the corner before the next bull run?

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2024-01-24 15:57 | Report Abuse

Good break above 2 with high volume!!

Good sign that something positive may come MSM’s way soon

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2024-01-18 16:08 | Report Abuse

Either gov have to subsidise using tax payer money in order to maintain low sugar price, or float it and let market forces to determine the price.

Letting the whole population enjoy low price at the expense of Felda settlers just doesnt make sense.

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2024-01-11 16:09 | Report Abuse

@Luisa7

2x 3x 4x etc

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2024-01-10 18:38 | Report Abuse

Potential multi-bagger in the making. Good luck all!!

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2024-01-04 12:08 | Report Abuse

Looking at monthly chart, it paint a very nice story. Very high potential

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2023-12-29 19:10 | Report Abuse

Felda Chairman has already mentioned that to maintain current low price, it is not the govt that is subsidising.

It is actually poor Felda settlers is subsidising the nation. Doesn’t sound right and something has to be done.

Hence the govt started to incentivise refiners with RM 1 per kg in Nov and Dec for a max of 24,000,000 kg per month (24,000 tonne per month). At least the govt have kicked the ball rolling and some NEW mechanism (i.e subsidy or price float or both) is bound to be announced very soon.


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2023-12-29 18:57 | Report Abuse

Govt have to either:

1) continue giving subsidy to sugar refiners so that they can maintain current retail price
2) float the sugar price from current unsustainable low price

Failing to do so will:
1) slowly kill local sugar refiner, which in turn put national food security at risk
2) unfairly allow the population to enjoy low sugar price at the expense of poor Felda settlers by virtue of them being the major shareholder of MSM via FGV and Koperasi Felda (combine shareholding of more than 65%)



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2023-08-25 17:15 | Report Abuse

Early Jan 2023 price 30 sen
Early Mar 2023 price 38 sen
Early May 2023 price 55 sen
Early July 2023 price 70 sen


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2023-08-14 18:54 | Report Abuse

NIISe terminated. Should be good for MYEG?

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2023-07-13 14:51 | Report Abuse

Gap closed. Train loaded. Ready to depart

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