PE36 for a milk company, where price of basic items all up up up. Even some tech counter also kalah.... not interesting at all, more of a chance for long term investor to take profit only.
MQTrader Jesse..I am waiting to read your analysis. If can include their profit margin as well as comparison of margin and PE to local peers such as F&N and Dutch Lady will be great.
Hi @kyappc, Kyabram Facility is fully automated, with a control centre that oversees and manages the entire process flow from the receiving of raw milk to packaging, palletising and exporting to the Malaysian processing facilities.
@VTrade The company is not tax-free company. Farm Fresh has the company has been granted tax incentive (Agricultural Tax Incentive) under MOA and East Coast Economic Region Incentive for income earned from dairy milk processing activities.
As the management disclose, these incentives have led to Farm Fresh incurring effective tax rate in Malaysia of 5.1% in FYE 31 March 2019, 5.8% in FYE 31 March 2020 and 8.5% (excluding impact of the tax reversal of RM 10,490,033) in FPE 30 September 2021, respectively which were lower than the Malaysian statutory tax rate of 24.0% for each of FYE 31 March 2019, FYE 31 March 2020 and FPE 30 September 2021.
For more information regard the tax incentive you may refer Prospectus part 2 pg 292.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DickyMe3
658 posts
Posted by DickyMe3 > 2022-02-28 19:14 | Report Abuse
"Khazanah Nasional Bhd-backed Farm Fresh Bhd (formerly known as Holstein Milk Company Sdn Bhd),"
GLC = Guranteed Lingkup Company.