Posted by Money122 > 2018-02-27 19:34 | Report Abuse

Maybe price for raw material up?

Posted by sapurakencana > 2018-02-27 21:44 | Report Abuse

if this quarter incurred loss the only reason is due to large amount of cap expenditure incurred for the construction of ayam dinding new plant.

Posted by Sebastian Sted Power > 2018-02-27 22:15 | Report Abuse

Dont be afraid, look at QL PE reaching 40. MFlour PE still low

Even with expansion of ayam dinding also wont incur loss

Posted by sapurakencana > 2018-02-27 23:10 | Report Abuse

thanks for your advise. for your info that the CAP expenditure per year (for 3 years) around 180Mil.

Posted by Sebastian Sted Power > 2018-02-27 23:58 | Report Abuse

No need worry too much. Give MFlour another year will turn into GIANT!

Most modern plant in the region
Malayan Flour expects the primary process of the new poultry
processing plant will be completed by the middle of 2018 and further
processed will be done by end of 2018. Using the latest technology, the
new facility will triple current production capacity. If all goes to plan,
projected revenue growth will be materialised over a period of 2 and
half years to reach the full capacity.

Posted by Sebastian Sted Power > 2018-02-28 09:17 | Report Abuse

hope below RM2 today so can catch little bit more

Posted by kkteng70 > 2018-02-28 09:48 | Report Abuse

sebastion wait for closing, it might be a trap,

Posted by Sebastian Sted Power > 2018-02-28 09:49 | Report Abuse

yes @kkteng70 just like yesterday lao sai after 435pm

Posted by Pilotsport > 2018-02-28 10:57 | Report Abuse

Divident 5sen coming...

Posted by sapurakencana > 2018-02-28 12:47 | Report Abuse

sebastian where you get the below infomation

Most modern plant in the region
Malayan Flour expects the primary process of the new poultry
processing plant will be completed by the middle of 2018 and further
processed will be done by end of 2018. Using the latest technology, the
new facility will triple current production capacity. If all goes to plan,
projected revenue growth will be materialised over a period of 2 and
half years to reach the full capacity.
27/02/2018 23:58

Posted by Sebastian Sted Power > 2018-02-28 14:42 | Report Abuse

Dear @sapura,that was last year research house analysis. You can download and read here

https://www.pdfpro.co/files/lo960l0a01h-aa1946fe/download

Posted by Money122 > 2018-02-28 15:47 | Report Abuse

QR when announce?

Posted by GG_Liang > 2018-02-28 18:49 | Report Abuse

Announced already

Posted by Outliar > 2018-02-28 19:02 | Report Abuse

Disaster, why are the results so bad?

Posted by Wei Hong > 2018-02-28 19:11 | Report Abuse

Gg

Posted by Money122 > 2018-02-28 19:45 | Report Abuse

Still can buy now?

Posted by GG_Liang > 2018-02-28 19:48 | Report Abuse

Probably will sell ykgi to add horse 呵呵

Posted by Shichimi Togarashi > 2018-02-28 20:20 | Report Abuse

Who read latest qr? Why profit drop so much?

Posted by mkmike > 2018-02-28 20:52 | Report Abuse

I knew something fishy must have happened when I saw a long black candlestick that day. Lesson learned!

Posted by GG_Liang > 2018-02-28 20:59 | Report Abuse

Lol...not everytime is the same. You will 'unlearn' the lesson someday

Posted by Sebastian Sted Power > 2018-03-01 00:21 | Report Abuse

let it drop tomorrow; I'm ready to buy again if the price is right

Posted by Sebastian Sted Power > 2018-03-01 00:47 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=199909&name=EA_FR_ATTACHMENTS

Posted by Sebastian Sted Power > 2018-03-01 00:49 | Report Abuse

please read pg 8 onwards if you lazy to see the whole QR

Posted by Sebastian Sted Power > 2018-03-01 09:02 | Report Abuse

1.8 masuk a bit to average my purchase 2-day ago

Posted by Matthieu Seven > 2018-03-01 09:08 | Report Abuse

I also got some 1.80. Seem like panic selling? Is that ok???

Posted by Matthieu Seven > 2018-03-01 09:18 | Report Abuse

look like the latest QR profits back to year 2015 level. Will also the price drop back to 1.50??

Posted by sapurakencana > 2018-03-01 09:28 | Report Abuse

i think it need to take 2 year to digest the current situation,let buy at lelong price now.

Posted by Matthieu Seven > 2018-03-01 09:31 | Report Abuse

1.87 I run first. Not too bad earn some kopi money in 30min. Maybe enough for my one month breakfast!

I scare later the price down again

Posted by Sebastian Sted Power > 2018-03-01 09:35 | Report Abuse

Matthieu, steady a bit. Why run fast? I bought average of 2.07 two days ago also no scare. Just now 1.80 I also makan liao.

If later 1.89 already average my price. Any price above 1.90 I already untung

Posted by Sebastian Sted Power > 2018-03-01 09:35 | Report Abuse

@sapura, how you think?

Posted by Matthieu Seven > 2018-03-01 09:36 | Report Abuse

sapura sifu, why need 2 years?? 1 year also a lot thing might happen; 2 years is mystery

Posted by Vivian Hee > 2018-03-01 09:40 | Report Abuse

@sebastian what you think the latest QR?

Posted by Sebastian Sted Power > 2018-03-01 09:46 | Report Abuse

latest QR of course is below my expectation. REV drop will direct reflect in profit drop (RM14.7 million in Q4 2017 as compared to RM34.5 million in Q4 2016)

Walao... some more say something that due to lower profits in flour and grains trading and poultry integration segments coupled with higher net interest expense in Q4 2017

Posted by Sebastian Sted Power > 2018-03-01 09:48 | Report Abuse

Actually early this I agreed with sapura


sapurakencana Wheat price droping from Aug 2017 USD509 until 22 Jan 2018 USD424.25.
Corn alsodroping from Aug 2017 USD399.25 c until 22 Jan 2018 USD351c

this company buy wheat & Corn in usd,currency exchange malaysia up ,pay less. poutry business perform better.top up when price sell below RM2.
payable in USD close to 180mil (USD)
market bad boy try to push down the price.dont scare.kuat kuat hantam
12/10/2017 09:32

Posted by sapurakencana > 2018-03-01 10:02 | Report Abuse

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.

Anybody can give further information.

Posted by sapurakencana > 2018-03-01 10:12 | Report Abuse

Key factor profit reduce,

Poultry integration
The poultry integration segment recorded a decrease of 14.6% in revenue to RM169.9 million in Q4 2017 as compared to RM198.8
million in Q4 2016, mainly due to lower sales volume and live birds selling price in Q4 2017 but was partially offset with higher sales
recorded in poultry processed products. In Q4 2017, the poultry integration posted an operating profit of RM3.5 million as compared to
RM17.5 million in Q4 2016 mainly due to lower margins arising from lower live birds selling price coupled with higher operating expenses
and a lower net fair value gain on biological assets in Q4 2017.
The poultry integration segment recorded a 5.2% decrease in revenue to RM761.4 million for the 12 months ended 31 December 2017
as compared to RM803.3 million in the preceding year mainly due to lower sales volume in 2017. The segment registered a lower
operating profit of RM37.1 million for the 12 months ended 31 December 2017 as compared to an operating profit of RM61.5 million
posted in the preceding year. The decrease was mainly due to lower margins in the segment coupled with higher operating expenses but
was partially offset by an increase of RM3.0 million in net fair value gain on biological assets in the 12 months ended 31 December 2017.
In 2016, there was a one-off insurance recovery of RM4.2 million

I .i dont understand is when poultry intergrated company like QL can earn higher profit ,why only Mflour incurred earning reduce 50% for Poultry segment.

Posted by sapurakencana > 2018-03-01 10:14 | Report Abuse

As a conclusion it seem like to consider down grade this counter to RM1.50 that comment by

Matthieu Seven:

look like the latest QR profits back to year 2015 level. Will also the price drop back to 1.50??

Posted by sapurakencana > 2018-03-01 10:24 | Report Abuse

Dear friend :
since GE14 is near to the corner,let take a rest because i forsee nearly 40 % of share price(include O & G but excluded banking sector) keep on droping after chinese new year.Not a good sign to enter market now.

Posted by Sebastian Sted Power > 2018-03-01 10:28 | Report Abuse

1.92 1.93 dump all contra stock. Interesting enough still earn some good profits for two days trading session included this morning purchased . Reason very simple. I don't think will climb back to 2.05-2.10 so easy now. I will monitor and decided when to clear my old holding which bought at lower price.

Posted by mrc_urban > 2018-03-01 10:29 | Report Abuse

I think the high debt will come in financing of their raw material or in terms of OD, thus will translate into better margin when we read from the financial report.

I believed the company did try to cool down the investor by stating the reasoning behind better result in 2016 and 2017 in the accompanied page 8 and 9.

Only to justify, sales comes lesser with less spending from the consumer, which I find it justified. As well as the retreat of IDR, rupiah. Do remember MFM has a good biz percentage contributing from Indonesia.

Yes, I do agree is unusually higher debt for a consumer product company. But at the same time, we have to remember they have been venturing into Indonesia and Vietname with new factory.

But seriously, I might be trimming my holding on this stock, analyzing the fact that MFM may not be in the best shape to handle their plan to grow big. Still, is a decent stock compared to many.

Posted by Sebastian Sted Power > 2018-03-01 10:30 | Report Abuse

I'm feel very weird on the QR. Lower profits in the flour and grain. Hello!! Wheat price drop, USD also drop but your profits lower?????

Posted by Matthieu Seven > 2018-03-01 10:31 | Report Abuse

sapura and sebastian, mind to share your purchased price??

Posted by Sebastian Sted Power > 2018-03-01 10:34 | Report Abuse

No choice. 1.90-1.91 also need clear stock

Posted by Sebastian Sted Power > 2018-03-01 10:36 | Report Abuse

Matthieu, 3yrs ago I sapu when 1.2 to 1.4

Anyway long term I won't give up this counter. I might only change strategy sell first and buy back. Let me consider it.

Posted by Vivian Hee > 2018-03-01 12:36 | Report Abuse

@sebastian @sapura thanks for opinion for QR. It is very strange that the profit so bad when benefit from weak USD and lower price of wheat and corn price.

Posted by sapurakencana > 2018-03-01 14:13 | Report Abuse

not at all.i wil continue to voice out if i found there is ilogical practice.

Posted by Money122 > 2018-03-01 18:18 | Report Abuse

Wait until 1.5 then sapu it 20lot..ha;)

Posted by sapurakencana > 2018-03-01 19:53 | Report Abuse

if wait until RM1.50,means no hope liao!Money122,you need to consider sell now where you can safe guard your money.

Posted by Sebastian Sted Power > 2018-03-01 22:09 | Report Abuse

I have totally out of idea after checking yesterday QR. Next coming QR will turn ugly. Why?? Because raw materials wheat and corn has been increasing since this year.

Corn from below $1900 to $2200 now; wheat from $420 to $490.

Posted by Matthieu Seven > 2018-03-02 09:20 | Report Abuse

Look like the price is stable and maintain above 1.90

Not bad