Surprisingly good QR. Next QR should be better with chicken ceiling price adjusted to 9.50. Next quarter onwards might see eps 4 cents. At eps 16 for 2023. It could be a multi bagger. Dividends too.
Only problem on the horizon is the mycc potential fine but IMHO would not be carried out unless the government wants to destroy the poultry industry which they need desperately. So that's the only hurdle. Future eps ranged from 8 to 12 cents. So should be at 0.80 to 1.20 for pe 10. Very much undervalued at this juncture.
MFLOUR is a dead company where it will not even move or will drop even if commodity & poultry prices went up. Management has never with good intentions to make the company more profitable
Malayan Flour Mills Bhd (MFM) expects to remain profitable for the current financial year but anticipates challenges in the remaining months of 2022 amid macro uncertainties.
In a filing with Bursa Malaysia, the poultry processor and flour mills operator said the prices of wheat are expected to stay elevated into 2023 due to global weather challenges, even as some commodity prices are beginning to stabilise.
"Going forward, the flour milling business will continue to sustain our earnings, while the poultry integration segment is expected to enhance profit contribution to MFM as we accelerate the capacity utilisation at our primary processing plant," said executive deputy chairman Teh Wee Chye in a statement.
In the third quarter ended Sept 30, 2022, MFM said net profit was RM46.21mil, bounding higher from a net profit of RM3.91mil in the previous corresponding quarter, due mainly to the improving operations of the group’s poultry integration (PI) segment.
"The PI segment, operated by the joint venture (JV) company with Tyson Foods, delivered an improved financial performance in 3Q22, after turning around only in the preceding quarter. The segment’s share of profit from its 51% equity stake came in at RM19.1mil, versus a share of loss of RM13.9mil last year,
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Posted by kasinathan > 2022-08-11 08:40 | Report Abuse
To retest year low