Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Top 30 shareholding changes in DLady

Of these 30s, comparing their shareholding in 2023 to 2022:
1. 17 still own the same number of shares in 2023 as the previous year.
2. 7 sold some shares (small amount relative to their shareholdings).
3. 3 bought more shares compared with previous year.
4. 3 (2 funds and 1 individual) dropped out of the top 30s list and were replaced by new shareholders.


Conclusion:
Among the Top 30 shareholders in DLady, the overwhelming majority are still holding onto their shares. The share price of DLady has dropped significantly over that 1 year period.

Posted by Felix888 > 2 months ago | Report Abuse

Dlady
2019 profit margin double digits.
2023 profit margin dropped below 5%.

Cost increased a lot.

Posted by Chillo > 2 months ago | Report Abuse

Revenue increased last 10 years year on year, profit however fluctuated due to cost of goods mostly. Positive cash flow all these years except 2021,company spending to expand to double capacity by 2024. High raw milk price that contributed to lower profit margin, has now dropped. Dlady should recover next 1-2 years I figure, unless we all stop drinking milk.

Posted by speakup > 2 months ago | Report Abuse

No way privatized cos top shareholders didn't sell

Posted by pang72 > 2 months ago | Report Abuse

Epf still got 6.5mils to sell

Posted by pang72 > 2 months ago | Report Abuse

Ang mo will not privatisate the company.. No way

Posted by pang72 > 2 months ago | Report Abuse

Drop to rm10 possible higher than privatisation...

Posted by troy88 > 2 months ago | Report Abuse

Price should be around RM10+ like BAT. BAT should be the price of Dlady around RM20.

Posted by Felix888 > 2 months ago | Report Abuse

BAT DY 8.45%
Dlady 2.33%

With the low profit margin it is hard to give good dividend.

Posted by NatsukoMishima > 2 months ago | Report Abuse

This lady just like TNB hold longer loss bigger , must shun away this kind of stock !

Posted by pang72 > 2 months ago | Report Abuse

Epf 6.5mils selling can easily hit rm10

Posted by smallrail > 2 months ago | Report Abuse

EPF keep SELL, short term no look good.

Posted by pang72 > 2 months ago | Report Abuse

HAPSENG from 8 to 4...
You think cheap it crash to 3..IB target rm2..

DLADY crash from 40 to 20...
You think cheap... It will go rm10...

Let's see... Don't against epf selling if you are bilis...

Posted by pang72 > 2 months ago | Report Abuse

Go store buy dlady milk drink and throw.. Cost you rm10..

Buy dlady 1000 shares at rm40000 drop to rm20000..
You rugi rm20000 equivalent to 2000 kotak dlady milk for donkeys years

Posted by calvintaneng > 2 months ago | Report Abuse

Why dlady will fall further ?

Answer: it has no moat or edge like nestle

at least nestle got Milo (captures 95% of beverage market while dlady losing market share to many others like fernleaf, f&n, good day milk and others )

it is not cost effective like Ikea or Walmart which buy from source at lowest price and sell full at retail) dlady sources it's milk from 3rd parties and middle men at higher cost (now it eats into its profits )

no moat, no edge, no margin of safety and so?

so must suffer from profit erosion and more market share to competitors

Sure and steady decline the longer any one holds

get out faster better

Posted by dam82 > 2 months ago | Report Abuse

Careful they will be more write off in future .:.be patience and collect later now reserve cash …

Posted by troy88 > 2 months ago | Report Abuse

luckily I sold off this declining giant a few years ago with profit above RM45. It's heading to below RM20 very fast if it cannot turn around it's business

Posted by calvintaneng > 2 months ago | Report Abuse

Very difficult to turn around due to these factors

1. Dlady does not have a low production cost base as it outsources its milk supply from 3rd party

2. High feed cost for cows in turn create higher cost of milk production

3. Minimum wage raised in farms from Rm1000 to Rm1500 for foreign labour and for locals wages gone up from Rm1300 to Rm2200 cause even higher cost of production

4. UNLIKE NESTLE WHICH CAN RAISE ITS MILO PRICES AND PSSS ON COST TO CONSUMERS DLADY CANNOT AS IT HAS LOTS OF COMPETITORS OUT THERE

SO WHILE MASSED GOT ONLY ONE MILO (QUITE ADDICTIVE TASTE WHICH IS HARD TO REPLACE) PEOPLE CAN SWITCH FROM DLADY TO FEENLEAF MILK (CHEAPER AND TASTE BETTER)

SO DLADY IS FACING LOTS OF DISADVANTAGES IN A WORLD OF FIERCE COMPETITIONS

END RESULT:

LONG TERM DECLINE BACK TO RM4.00 WHERE IT FIRST STARTED

WHAT SHOULD BE DONE:

"HE WHO FIGHTS AND RUN AWAY WILL LIVE TO FIGHT ANOTHER DAY"

OR ELSE?

PREPARE TO END LIKE POLAROID, KODAK OR RANK XEROX

Posted by calvintaneng > 2 months ago | Report Abuse

These are Superior either in Taste, Value and Price

1. Fernleaf Milk from New Zealand

2. Magnolia Chocolate Milk

3. Marigold Full cream milk

4. Anlene gold 50s Milk

5. Ensure Milk formula for Seniors

6. S26 Infant milk formula

Posted by Felix888 > 2 months ago | Report Abuse

Are you crazy uncle?

Posted by fortunefire > 2 months ago | Report Abuse

nowadays i drink air swarm more than milk

Posted by troy88 > 2 months ago | Report Abuse

Looks like support quite strong to stop it from going below RM20..

Posted by dam82 > 2 months ago | Report Abuse

https://www.frieslandcampina.com/news/frieslandcampina-half-year-results-2023/ see this articale will provide summary of the health of the the company for now

Posted by calvintaneng > 1 month ago | Report Abuse

With deteriorating fundamental Epf is selling and selling out Dlady everyday to get out

Just like Epf sold off all Serba shares and no longer in Serba before it closed shop

Posted by calvintaneng > 1 month ago | Report Abuse

SHOULD HAVE SOLD DLADY AT RM27.00

NOW BETTER SELL AND DON'T LOOK BACK

OR ELSE WHEN IT SINK BELOW RM20 YOUR HEART WILL ALSO SINK DOWN

See

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-12-story-h-276217900-TSH_RESOURCES_9059_Now_Rm1_07_Versus_DUTCH_LADY_3062_Now_Rm27_10_Compar

Posted by speakup > 1 month ago | Report Abuse

Dlady PE 40x
Farm Fresh PE 43x
why is Farm Fresh trading at a higher valuation than Dlady? Tak masuk akal

Posted by dam82 > 1 month ago | Report Abuse

this is just short term setback ... prospect will be better once the new factory starts same as Aji now the question is at which price we can collect ...

Posted by Pinky > 1 month ago | Report Abuse

@calvintan while I'm also a palm oil stock fan, u dun have to promote palm oil stocks at non-related forum topics. It's not nice and annoying

Posted by speakup > 1 month ago | Report Abuse

malaysian semua suka palm oil
only orang puteh benci palm oil cos it compete against their soya oil

Posted by dam82 > 1 month ago | Report Abuse

DLADY is not a local Company ..... they investigating more than +500Million do you think its all for malaysia market ...this is not MSM where they just build factory without having even thinking bout demand ... indeed its in bad shape but again question is how low one want to buy thats it .

Posted by dam82 > 1 month ago | Report Abuse

palm oil vs Milk very difference industry ... you go plant based no matter what majority will still drink milk ...and again dlady milk all coming from netherlands as well ..anyway i will keep on eye on this if touch below 19 sure will collect some

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Milk powder price sinks to three-year low as dairy demand wanes
By Tracy Withers / Bloomberg
02 Aug 2023, 06:42 am

main news image
(Aug 2): Whole milk powder auction prices have slumped to a three-year low amid signs that demand for dairy products is waning.

The average price for whole milk powder fell to US$2,864 a ton at the GlobalDairyTrade auction overnight, the lowest since June 2020. The weighted index for whole milk powder dropped 8% from the previous auction, while the index for all dairy products declined 4.3%.

Prices have tumbled almost 40% from a record US$4,757 in March 2022 as a weak Chinese economy damps demand at the same time as producers are boosting output. The decline suggests that New Zealand-based Fonterra Cooperative Group, the world’s largest dairy exporter, will reduce payments to its local suppliers this year.


Last week, Westpac New Zealand senior economist Nathan Penny said the ongoing sluggishness of the Chinese economy meant a downtrend in global dairy prices had been sustained much longer than expected.

Penny cut his projection for Fonterra’s milk price for the current season to NZ$7.80 per kilogram of milksolids from his previous forecast of NZ$8.90.

Fonterra has signaled it will pay NZ$8.20 for the previous season.

Posted by speakup > 1 month ago | Report Abuse

so Dutch Lady, Nestle, Farm Fresh must reduce price of their products! Jangan Tipu Rakyat!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Profit margins and earnings can be projected to rise in later quarters.

Posted by lee901 > 1 month ago | Report Abuse

New factory causing a big problem to dlady now. Sell.

Posted by calvintaneng > 1 month ago | Report Abuse

This dumb dinosaur 3iii stuck with this dumblady at Rm72 in year 2018 till now at Rm21.46 still clinging to a false hope ?

Better wake up

Posted by Dehcomic01 > 1 month ago | Report Abuse

Historically the company delivered > 50% ROE. Last year was a bad one with 12%. But at 12% it is much better than most Bursa companies. The question is whether you believe that the business fundamentals has changed so that the historical performance is no longer valid or whether last year was an anomaly.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Financial Qtr ending 30.6.2023

Demand for milk remains strong. Operating profit increased due to softening of dairy raw materials, but negatively impacted by weak Malaysian ringgit currency. The global dairy prices remain historically at high levels, but are expected to soften further in the remainder of 2023.

Over the long term, the outlook for DLMI remains cautiously optimistic due to the
strength of our brands, and the increasing need for and recognition of the goodness
and nutritional value of milk amongst Malaysians. The Company will continue to
support the local dairy farmers and increase the quantity and quality of local fresh
milk.

Posted by dam82 > 1 month ago | Report Abuse

be careful their factory is yet to see a light .. not sure how much depreciation they will do soon .. will watch for now ....

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

The milk commodity price has fallen from May 2022 (US 25/CWT) to July 2023 (US 14/CWT).

Recent weakness of Malaysian ringgit affects its profits adversely.

DLady is still able to grow its top line revenue y-o-y.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Dutch Lady: Focuses on cash flow management amid challenging market . Dutch Lady Milk Industries (DLMI) will continue to strictly manage its cash flow to steer the company in a tough market and manage internal financing for the new facility construction in Bandar Enstek, according to MD Ramjeet Kaur Virik. DLMI is investing RM540m in the new world-class manufacturing plant under construction in Bandar Enstek. The manufacturing plant will be fully operational within the course of 2024. (StarBiz)

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Improved margins ahead. We expect a stronger 2H in terms of sales, especially in 4Q due to seasonality. DLADY is also poised for improved margins given the softening soft commodity prices.

We like DLADY for: (i) its resilient top line underpinned by steady demand for staple food items despite an uncertain global economic outlook, (ii) the upside potential of its margins (beyond FY23) given the softening food commodity prices, (iii) its strong brand recognition and increasing awareness of the nutritional value of dairy products.

Kenanga

Posted by CharlieM > 3 weeks ago | Report Abuse

Here are some interesting data:
- Market Cap: 1.4b
- Revenue (2022): 1.33b, revenue almost matches market cap.
- Debt: Almost none, 14m (negligible )
- New factory: 540m (internal financing, no loan)
- Margin improving as raw materials price start coming down from pandemic high.

Posted by lee901 > 3 weeks ago | Report Abuse

If good......why epf selling?

Posted by CharlieM > 2 weeks ago | Report Abuse

Raw materials price skyrocketed during pandemic causing margin to shrink. Recently, raw materials price started coming down, combined with previous cost efficiency efforts and increased in products pricing, the margin is improving.

Currently the stock trades at 16x FY24F PE, according to BIMB Research.

Posted by alibiii > 2 weeks ago | Report Abuse

epf always buy high sell low

Posted by CharlieM > 2 weeks ago | Report Abuse

Kenanga: Consumer staples offer topline defensiveness as food commodity prices ease

KUALA LUMPUR (Sept 6): Consumer staples sectors, specifically food and beverage (F&B) players, may offer more defensive investment opportunities with potential margin improvement due to easing food commodity prices, said Kenanga Research.
Notwithstanding that, the research house anticipates a steady uptick in consumer spending post the conclusion of the recent six state elections and extending into the fourth quarter of the year, bolstered by the government's accelerated implementation of policy initiatives.
“Additionally, the traditional year-end festive and shopping season is likely to provide a boost to market sentiment. Our outlook is further supported by a stable job market and indications that inflation has reached its peak,” said Kenanga in a note on Wednesday.

The research house said it favours Dutch Lady Milk Industries Bhd (‘outperform’, target price [TP]: RM27) due to its resilient top line underpinned by steady demand for staple food items despite an uncertain global economic outlook, the upside potential of its margins given the softening food commodity prices, and its strong brand recognition and increasing awareness of the nutritional value of dairy products..
https://theedgemalaysia.com/node/681472

Posted by Up_down > 1 day ago | Report Abuse

Material purchased is getting cheaper from the quarterly related party transactions and gross profit margin on the way back normal level. This is another turnaround play.

Posted by CharlieM > 1 day ago | Report Abuse

New factory 2x production capability, upgradable to 4x.. possible for regional production hub.. if buy need to hold 1-3 year..

Posted by Up_down > 4 hours ago | Report Abuse

Aji had made a strong comeback with returning of better gross margin. Dlady could be the next.