Posted by Barneybubu > 2021-12-28 23:43 | Report Abuse

The information on the disaggregation of revenue based on geographical region is summarised below:-

Group
At a Point in Time
2020

Africa - 77,472,123
Asia - 190,431,251
Central America - 80,057,780
Europe - 5,151,148
Malaysia - 148,564,256
Others - 583,166
Total - 502,259,724

(From annual report 2020)

So yes, their export sales is more significant. Cannot just judge their f&b products solely based on Malaysia market. But for sure, they focusing on low end market.

Posted by Pinky > 2021-12-29 10:30 | Report Abuse

Thanks Barney!

Posted by 镠公公 > 2021-12-31 08:22 | Report Abuse

afe

Posted by Pinky > 2021-12-31 09:19 | Report Abuse

I'm officially back in this stock

Posted by OldWiseMan100 > 2022-01-16 11:04 | Report Abuse

was going through the products again, and then I noticed they dont use words like 'Organic', 'Natural'.... and their packaging lack of design show cows grazing grass etc.

If want to go up market, need to redesign the packaging. need to have premium look, now too kiddy looking.

Posted by OldWiseMan100 > 2022-01-16 11:06 | Report Abuse

https://www.walmart.com/ip/Horizon-Organic-Growing-Years-Whole-Milk-with-DHA-Omega-3-Half-Gallon/819878780

https://www.walmart.com/ip/Crystal-Creamery-Low-Fat-Milk-1-qt/46942847

https://www.walmart.com/ip/Organic-Valley-Grassmilk-100-Grass-Fed-Organic-Fat-Free-Milk-64-oz/294605448

Above are some really good examples of a good design. Also Able's packaging lacks 'nutrient' information. Informing the customer the benefits is very important too.

Posted by huat_ahh > 2022-01-17 21:45 | Report Abuse

What organic, what natural stuff are you talking about??
A smart consumer will always look at the Nutrition Facts at the packaging for all relevant information, rather than the gimmick "organic", "natural".... bla, bla, bla
Aren't all the products SQF certified?

Able's packaging design and packaging outlook are for public acceptance, not just to suit individual perception only.

Posted by solaris80 > 2022-01-17 21:54 | Report Abuse

Expected to export their products to Walmart USA soon.

Posted by All_in_2021 > 2022-02-16 17:14 | Report Abuse

any idea these products is it popular in Malaysia?

Posted by Pinky > 2022-02-16 17:49 | Report Abuse

Able Perfect is not part of the group

see page 11:

https://agb.listedcompany.com/misc/ar/JOHORETIN_ar2020.pdf

Posted by Pinky > 2022-02-25 17:54 | Report Abuse

Results not bad ah

Why kena sell down?

https://klse.i3investor.com/financial/QoQ/quarter/7167/31-Dec-2021_97877491.jsp

Posted by All_in_2021 > 2022-02-25 18:43 | Report Abuse

yalo market really hard to predict

Posted by kedsheong > 2022-02-25 19:15 | Report Abuse

Obviously price manipulation... Spoofing seen for the past few weeks. Manipulators putting large sell orders to scare retail traders, then scoop up the shares at cheap prices.

Posted by Pinky > 2022-02-25 19:22 | Report Abuse

Let's see the trades Monday morning then we'll know if it's manipulated by big fish

Posted by kedsheong > 2022-02-25 19:23 | Report Abuse

https://neurensic.com/spoofing-works-illegal/

Posted by kedsheong > 2022-02-25 19:36 | Report Abuse

With their financial strength, they can push the price A LOT lower to make even the calmest investor nervous. Panic selling is a big mistake. The best way is to buy & hold tight, DON'T look at the price fluctuations which will drive you crazy. If it gets really low, buy more at a greater discount. Never doubt your investment in a good company unless the fundamentals have changed.

Posted by Zackmeiser > 2022-02-26 13:14 | Report Abuse

Acceptable result. Buying below 1.5

Posted by Pinky > 2022-02-28 09:07 | Report Abuse

Added some at 1.49

Posted by All_in_2021 > 2022-03-02 08:01 | Report Abuse

hang on to it..profit every quarter..it is the market sentiment causing all to drop

Posted by kedsheong > 2022-03-02 10:28 | Report Abuse

drop more, buy more.

Posted by All_in_2021 > 2022-03-04 13:03 | Report Abuse

is it time to go in?

Posted by kedsheong > 2022-03-07 22:07 | Report Abuse

Wait for a bullish engulfing candle with high volume, then you go ALL in.

Posted by Mark Goh > 2022-03-11 12:18 | Report Abuse

Want to compare this stock with its peers?

LVI: Food & Beverages Sector Price to EPS Peer Comparison (and economic moat)
https://klse.i3investor.com/web/blog/detail/VIE/2022-03-11-story-h1600187815-LVI_Food_Beverages_Sector_Price_to_EPS_Peer_Comparison_and_economic_moa

Posted by sunshine90 > 2022-04-04 22:18 | Report Abuse

Get the export permit ?

Posted by silvernina > 2022-05-07 17:42 | Report Abuse

I guess company is having Good value ?

Posted by treasurehunt > 2022-05-24 16:50 | Report Abuse

Suddenly sold out big tickets. Cut margin facilities ke?

Posted by All_in_2021 > 2022-05-24 19:56 | Report Abuse

cut loss, with the high material cost, dont think it looks good in the short term.

Posted by treasurehunt > 2022-05-24 19:59 | Report Abuse

Dump at cheaper prices lor so new comers can join the boat.

Posted by charonflytea > 2022-05-26 16:42 | Report Abuse

Thanks for the update

Posted by InsiderShark > 2022-05-31 18:59 | Report Abuse

every country will protect their food industry, setting up farm in Mexico and import it to USA is a bad idea. USA will protect their dairy industry by imposing import tax or something... unless that product is unique or not essential, like chocolate or rice

Posted by treasurehunt > 2022-06-20 18:30 | Report Abuse

Now, the price has dropped to 1.25 only wor.Want to drop until 1.00, lowest price in covid times ?

Posted by Zackmeiser > 2022-07-18 17:01 | Report Abuse

Holding 1.2 for sometime now

Posted by Effulgence > 2022-07-24 17:07 | Report Abuse

https://klse.i3investor.com/web/blog/detail/extraordinaryyou/2022-07-02-story-h1625207444-ABLEGLOB_7167_Capable_local_company_great_Global_ambitions

Posted by BostLoy > 2022-08-31 13:40 | Report Abuse

HY2022 results seem reasonable. I wonder why this company only publishes CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS plus some Notes to the Condensed Consolidated Statement of Cash Flows. Why not simply the complete cash flow statements?

Posted by lomas > 2022-09-05 10:16 | Report Abuse

Stock price went up from RM1.19 to RM1.35
Not bad.

Posted by treasurehunt > 2022-09-07 19:38 | Report Abuse

The market conditions is favourable to the company as raw material price reduction plus depreciation of RM against USD. No more RM 1.

Posted by treasurehunt > 2022-09-07 20:12 | Report Abuse

Export consumer staples sector seems attracting market interests recently ie Ablegloble, Kawan, Pwroot, 3A, Tguan and BP plastic.

Posted by lomas > 2022-09-12 10:36 | Report Abuse

Target Price RM1.40 achieved

Posted by Pinky > 2022-09-20 11:09 | Report Abuse

Why public bank no update report after latest QR?

Posted by bullrun1985 > 2022-10-05 16:46 | Report Abuse

anyone still holding ableglob here? any advise

Posted by alexnada > 2022-10-05 17:44 | Report Abuse

I am still holding for long term... frankly, I have confident in them... just waiting for time for the potential turn into real profit

Posted by bullrun1985 > 2022-10-06 09:41 | Report Abuse

stagnant for some time, market big crash oso no moving

Posted by tantengbear > 2022-10-14 19:24 | Report Abuse

Earnings should improve in the next result. Raw material prices have peaked and Mexican JV should start to contribute more by next year when health permit is approved for export by the end of this month.

Posted by bullrun1985 > 2022-10-28 15:03 | Report Abuse

walk like an elephant, no up down

Posted by Chua See How > 2022-12-18 11:33 |

Post removed.Why?

Posted by solaris80 > 2022-12-20 10:48 | Report Abuse

回顾 2017 年，Johore Tin 透过旗下子公司 Able Dairies 注资在 Able Dairies Mexico，并手持 40%的股权。

其他 60%股权则由 2 位现有企业客户和另 1 位私人伙伴持有，联手在当地设立炼乳厂。
在 2019 年，Johore Tin 进一步注资入 Able Diaries Mexico，并将持股率提升至 43%+，前后累积投
入大约 RM23m 的资金。根据计算，该座墨西哥厂房的总投资成本约为 RM50m，包括购买土地、
建筑厂房、购买机器和设备。

目前，该座新厂房已准备就绪投入商业运作，设计产能为每年 120,000 吨，主要专攻墨西哥邻国
的市场。内部目标是在第一年实现 30-50%的使用率，之后在第二年实现 60-70%。
据了解，只要达到 30%使用率，墨西哥厂房即可达到收支平衡。初期的产量已确认将由墨西哥、
中美洲和美国的现有客户消化。

Johore Tin 的 2 位合资伙伴主要是墨西哥著名的食品开发商和营销商。透过他们广泛的分销网络和
现成市场，其自有品牌 Able Farm 有望在当地开拓市占率。

另一方面，在没有进口税和运费的情况下，其墨西哥合资生意的赚幅有望相对比较高。此外，美
国和墨西哥之间的自由贸易协定在某种程度上将协助进一步渗透到南美洲地区。

目前，墨西哥大约 70% 的乳制品市场由雀巢 Nestle 统治。这项合资计划将使 Johore Tin 有能力与
在当地市场分一杯羹，并预计在庞大且尚未开发的中低端市场中占据一席之地。

值得一提，Johore Tin 的大马厂房每年能生产 160,000 吨的乳制品，并且创造 RM40m 左右的营运
盈利。假设以相同比例计算，其墨西哥 120,000 吨的合资厂房一年有能力创造 RM30m 利润。

Posted by Nepo > 2 months ago | Report Abuse

ABLEGLOBAL AGM

主要业务：

锡罐制造 – 制造各种类型的罐头和容器，及提供锡片印刷服务。大部分产品都卖给食品、油漆、化学和食用油的客户，主要售卖给本地。

奶制品 – 售卖炼奶，淡奶和大小包装奶粉， 80% 的产品都是出口至美洲、非洲和东南亚地区。目前产能为每年160,000 MT。

营业额地区分布：

• 非洲 (15.0%)
• 亚洲 (41.6%)
• 中美 (9.3%)
• 欧洲 (0.8%)
• 墨西哥 (0.5%)
• 马来西亚 (32.9%)

公司所服务的领域如下：

• 锡罐制造 25.5%
• 奶制品 74.5%

股东特大摘录：

1) 营业额

• 公司出口至中美地区的销售在2021年出现大幅度的下滑 (从RM80 mil下跌至RM46 mil)，主要是公司在墨西哥的联营工厂已经开始营运。该工厂主要出口给墨西哥和美国等周边国家，而联营公司的营业额并不会纳入集团的营业额当中；

• 管理层表示虽然目前全球都在面通胀的问题，但这并不会影响公司产品的需求，客户也已经接受公司提高产品的销售价格。

2) 成本

• 公司主要的原材料是镀锡 (tinplate) 和奶粉 (milk powder)，各占了公司30% 及70% 的库存。库存的提高主要是公司为了囤积更多原材料，确保生产不会出现断层；

• 管理层表示原材料价格的上涨平均在落在10% 至50% 的区间；

• 目前公司正在尽可能把额外的成本转嫁给客户，但转嫁的速度比不上原材料上涨的幅度；

• 随着原材料价格近期的走势比较稳定，公司的profit margin在未来预计会正常化。

3) 墨西哥厂房

• 墨西哥工厂的产能和大马相同，每年大约可生产80,000 MT的奶制品；

• 目前公司还在等待相关单位的出口准证 (Export permit)，只要获得出口准证，公司的墨西哥工厂就可以出口至周边国家如美国；

• 公司也获得Walmart的批准，目前可以出口至全球的Walmart分店。Walmart所有的供应都会来自墨西哥厂房；

• 目前墨西哥厂房使用率维持在20%；

• 墨西哥厂房的营运让公司在大马的厂房有空出的产能。管理层也会积极寻找亚洲的客户去填补额外产能，提高厂房使用率。

4) 公司目前也是面对劳工短缺的问题，最低薪金制也会部分影响公司的盈利。管理层表示会转嫁成本给客户。

5) 未来并不会有大型的资本支出，主要的CAPEX都会用在替换久机器去提高产能效率。

后记:

公司的盈利成长取决于墨西哥厂房何时能获得出口准证。只要准证到手，相信管理层也能快速提高墨西哥厂房的使用率，实现更多盈利。我们预计公司未来1至2个季度的margin 会受到承压，但长期而言公司还是有能力把成本转嫁给客户。公司目前的本益比为10.6倍，假设盈利成长10% 左右，本益比会来到9.5倍，估值相对有吸引力。

Posted by Nepo > 2 months ago | Report Abuse

Can buy already
Topped up @RM1.45

Posted by curiousq > 3 weeks ago | Report Abuse

Nepo
Can buy already
Topped up @RM1.45

Average down?

Posted by kedsheong > 3 weeks ago | Report Abuse

just be patient. buy and hold. it's a fundamentally strong company.