Posted by sapurakencana > 2018-03-02 09:42 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

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.
01/03/2018 10:02

Posted by sapurakencana > 2018-03-02 09:44 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

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.
01/03/2018 10:12

Posted by sapurakencana > 2018-03-02 09:45 | 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??
01/03/2018 10:14

Posted by sapurakencana > 2018-03-02 10:53 | Report Abuse

we already share so much,if management stil not willing to clarify/promote themself,then you know what to do.

Posted by sapurakencana > 2018-03-02 11:30 | Report Abuse

Wheat May 2018

USD514.25 up USD90 dollar within 10 days time.

sure management wil tell you again profit down due to material cost up,then alu sai again.

Posted by Money122 > 2018-03-02 20:08 | Report Abuse

Price now quite stable at around 1.88-1.91...may rebound soon, I think..juz like few months ago?

Posted by yfchong > 2018-03-03 13:47 | Report Abuse

bro k c loh.... happy cny...

Posted by chandra54 > 2018-03-05 09:46 | Report Abuse

no surprises if it go down to below 1.00

Posted by sapurakencana > 2018-03-05 09:58 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

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.
01/03/2018 10:02

Posted by sapurakencana > 2018-03-05 10:00 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.


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.
01/03/2018 10:12
02/03/2018 09:44

Posted by Money122 > 2018-03-06 10:17 | Report Abuse

Flour segment ok?

Posted by sapurakencana > 2018-03-06 10:49 | Report Abuse

do you think 15mil loss in currency is ok for Flour segment.

Posted by mkmike > 2018-03-06 11:49 | Report Abuse

@sapurakencana "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. " Because QL is helmed by smart people like Dr. Chia Song Kun

Posted by sapurakencana > 2018-03-06 12:16 | Report Abuse

mkmike : from you statement above means that Mflour engage a inefficiency management.

Posted by mkmike > 2018-03-06 22:26 | Report Abuse

No, I didn't mean that. They are smart but less smarter than those guys in QL.

Posted by sapurakencana > 2018-03-06 23:57 | Report Abuse

mkmike ,look like you know both company management very well.but still not enough to explain the reason profit drop so drastic.

Posted by jacky2388 > 2018-03-07 11:04 | Report Abuse

maybe mkmike one of them.... it will rise again until dividend, when will announce?

Posted by starleong84no1 > 2018-03-08 15:45 | Report Abuse

Did anyone had estimate how bottom it will drop and can which level can go in.? Plan to in another 25lot. Recently 1.80 already in 30lot, right now drop again. Looking for advice. Thanks

Posted by sapurakencana > 2018-03-08 18:31 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

Now not the right time to enter,let it drop to the reasonable price.


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.
01/03/2018 10:12
02/03/2018 09:44
05/03/2018 10:00

Posted by sapurakencana > 2018-03-08 18:35 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

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.
01/03/2018 10:02
05/03/2018 09:58

Posted by starleong84no1 > 2018-03-08 18:45 | Report Abuse

Sapurakencana : Wish can sharing your point of view, what level consider reasonable price, 1.50? As now compare to QL base on those statistic and data, QL is at the level 4.86, then how about this mflour, what level should it be?

Posted by Money122 > 2018-03-08 18:56 | Report Abuse

Now dispose 1st till stable can buy back

Posted by sapurakencana > 2018-03-09 09:31 | Report Abuse

Due to no answer from management,i rather downdrade this counter to RM1.40.Let support each other to improve this counter performance.(voice out your point of view to let management aware their problem)

Posted by Money122 > 2018-03-09 09:43 | Report Abuse

Ya..the management hv to find out the cause of the problem

Posted by Sebastian Sted Power > 2018-03-09 20:50 | Report Abuse

@sapura, you don't be naive and wait management come i3 forum read your comments. No need talk so much. As I mentioned before, any price above 1.90 slow slow dump because I dont see will back to 2,00.I have dump that day at 1.9-1.92 and still hold some small % now.

Too many fishy thing in the QR which are unreasonable. One more important thing is next QR very very likely will be worse

@Money122 is right. Now dispose 1st till stable can buy back

Posted by sapurakencana > 2018-03-09 21:09 | Report Abuse

Thanks your advise.The action that i take mainly to alert the new investor do not fall into this trap.I wil continue my journey

Posted by Sebastian Sted Power > 2018-03-09 22:05 | Report Abuse

@sapura, actually im too optimised on this counter before the QR released. I still bought on 27Feb 2.05 to 2.10 before the QR released; I'm shocked when read the QR but still bought again at 1.80 on 1March to average my purchased on 27Feb. Then dump all at 1.9-1.92 with a little profirs. Then I continue dumping some old holding which bought earlier at 1.2-1.4

The main reason is I'm been purchased consumer counter in 2016 and 2017 all seem in a good growth (CCK, QL and Mflour). However MFlour seem like not on right track compared with CCK and QL.

Posted by sapurakencana > 2018-03-10 19:21 | Report Abuse

Still remember the construction of Ayam dinding new factory already causeCapital expenditure RM100 mil(yearly).we dont know when this amount can be cover due to unstable of chicken price & high foreign currency loss (15mil per Dec report).I wonder they may be take 3 more year to complete & start operation (after testing & commisioning).

Cash Flows From Investing Activities (Dec2017) 2017 2016
Acquisition of non-controlling interests in subsidiaries (3,212) (710)
Acquisition of property, plant and equipment and intangible assets (174,441) (74,717)
Increase in investment in a joint venture - (2,773)
Proceeds from disposal of property, plant and equipment 192 2,554
Net cash used in investing activities (177,461) (75,646)

Cash Flows From Investing Activities (Sept2017)
Acquisition of non-controlling interests in subsidiaries - (9,032)
Acquisition of property, plant and equipment and intangible assets (101,970) (59,938)
Increase in investment in a joint venture - (2,772)
Proceeds from disposal of property, plant and equipment 187 174
Net cash used in investing activities (101,783) (71,568)

Posted by ks5S > 2018-03-11 09:09 | Report Abuse

Corn price sky rocket high. Mflour will be affected the next quarter.

https://www.desmoinesregister.com/story/money/business/2018/03/09/futures-file-corn-prices-highest-point-months/411092002/

Posted by Money122 > 2018-03-13 22:52 | Report Abuse

Down

Posted by sapurakencana > 2018-03-14 12:54 | Report Abuse

2017 2016
Trade and other receivables, including derivatives 373,132 443,117
Prepayments and other assets 6,607 6,729
Inventories 493,018 455,146
Biological assets 56,673 49,944
Current tax assets 2,797 1,499
Cash and cash equivalents 257,768 371,190
Total current assets 1,189,995 1,327,625

Trade & other receivable reduce from RM443,117,000.00 to RM 373,132,000.00 =69.8 mil
but on the other hand cash reduce from 371mil to 257mil = 114mil.

Posted by sapurakencana > 2018-03-14 13:02 | Report Abuse

Revenue decreased by 5.4% to RM2,402.3 million for the financial year ended 31 December 2017 as compared to RM2,538.7 million
posted in the preceding year. This was mainly due to lower sales volume recorded in flour and grains trading and poultry integration
segments in 2017. For the financial year ended 31 December 2017, PBT decreased by 13.3% to RM96.5 million as compared to
RM111.3 million recorded in the preceding year. This was mainly due to lower margins and higher operating expenses in poultry

Posted by sapurakencana > 2018-03-14 13:07 | Report Abuse

If revenue,profit before tax & cash in hand keep on reduce,do you think this counter worthy RM1.75.

Posted by sapurakencana > 2018-03-14 13:23 | Report Abuse

Sabestion ,any comment

Posted by sapurakencana > 2018-03-14 13:26 | Report Abuse

I think somebody try to prevent me to comment here,i try to post but can not accept by i3.

Posted by sapurakencana > 2018-03-14 17:04 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.

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.
01/03/2018 10:12
02/03/2018 09:44

Posted by sengkee > 2018-03-14 17:06 | Report Abuse

Any chance to move higher again?

Posted by sapurakencana > 2018-03-14 17:57 | Report Abuse

I dont think so,unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)

Posted by Money122 > 2018-03-14 20:59 | Report Abuse

The department hv to put great afford to push up the sales volume of the flour,grains and poultry..then maybe can solved up the debt issue..juz a opinion

Posted by Money122 > 2018-03-14 21:01 | Report Abuse

I mean sales department

Posted by sapurakencana > 2018-03-16 12:47 | Report Abuse

Thanks your advise.The action that i take mainly to alert the new investor do not fall into this trap.I wil continue my journey
09/03/2018 21:09

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

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.
01/03/2018 10:02
05/03/2018 09:58
08/03/2018 18:35

Posted by jacky2388 > 2018-03-21 11:13 | Report Abuse

keep going down...

Posted by starleong84no1 > 2018-03-21 13:36 | Report Abuse

maybe they want unlisted??, press down the price. buy it back with lower price. Esso last time also this type of scenario, new buyer try press down the price. Later public listed again as petron. I get burn almost quite lot there. Later petron i dint buy back because of dissapoited, now a day 9 something, dissapointed again. haha

Posted by sapurakencana > 2018-03-21 20:03 | Report Abuse

Please repeat the same statement,so that may be management wil aware of their problem 1 day.
i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

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.
01/03/2018 10:02
05/03/2018 09:58
08/03/2018 18:35
16/03/2018 12:47

unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)
14/03/2018 17:57

Posted by Matthieu Seven > 2018-03-22 10:45 | Report Abuse

Hahahaha.. you very funny la @sapura. Keep repeating the same question and only see teh Mflour price sinking

DOnt talk so much. Just dump and byebye, You see @sebastian sudah diam. Maybe he dump above RM1.90 and bye liao. Sebastian, you still alive? Give some comments la

Posted by sapurakencana > 2018-03-22 12:25 | Report Abuse

when somebody respond to my article that i repead mean i reach my target to attract more people to aware the weakness of this company & to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.(manupulate by Big boy in market thru Nestle , F&N Maybank HLeong & CIMB)
14/03/2018 17:57
21/03/2018 20:03

Posted by sapurakencana > 2018-03-22 16:31 | Report Abuse

I wil buy more if this company show me they are on the right direction toward achieve the higher revenue n profit.but not now. I prefer downgrade to RM1.40 for coming quarter

Posted by sapurakencana > 2018-03-30 18:14 | Report Abuse

2017 2016
Trade and other receivables, including derivatives 373,132 443,117
Prepayments and other assets 6,607 6,729
Inventories 493,018 455,146
Biological assets 56,673 49,944
Current tax assets 2,797 1,499
Cash and cash equivalents 257,768 371,190
Total current assets 1,189,995 1,327,625

Trade & other receivable reduce from RM443,117,000.00 to RM 373,132,000.00 =69.8 mil
but on the other hand cash reduce from 371mil to 257mil = 114mil.

I prefer downgrade to RM1.40 for coming quarter if cash on hand & revenue keep on reduce.

Posted by kevinobc > 2018-04-03 10:08 | Report Abuse

mflour jadi bubur flour...

Posted by jordanmaggie61 > 2018-04-03 10:17 | Report Abuse

now is too high