Posted by chengcheng2017 > 2017-06-14 17:37 | Report Abuse

Thanks DokDokChang for sharing this important info.... http://www.bursamalaysia.com/market/listed-companies/company-announcements/5459145

Better run fast fast b4 too late

Posted by franky65 > 2017-11-08 09:54 | Report Abuse

white knight sleeping Management doesnt care about shareholders

Posted by kyosan > 2017-11-29 18:03 | Report Abuse

wow...struggling before jump down....see their latest qtr result loor...

Posted by Yang Addison > 2017-12-14 15:43 | Report Abuse

almost yr end still got no news coming

Posted by sengkee > 2017-12-17 23:32 | Report Abuse

Last year about this time, KFM was super hot. This year looks very quiet.

Posted by Yang Addison > 2018-12-11 21:40 | Report Abuse

any big news

Posted by bibi_michelle > 2018-12-27 14:01 | Report Abuse

Any news with ths kfm ? Y so silent

Posted by commonsense > 2019-01-16 10:08 | Report Abuse

Hi bibi,

This is a company that has been recording losses for at least 10 years. And to think it will suddenly turnaround in FY19 might be a bit of a wishful thinking on the part of the shareholders.
That being said it actually already has a regularisation plan in placed to take it out of the PN17 status which consist of:

1) Capital raising via first a private placement of 27.3mil new share at RM0.10 per share amounting to RM2.7mil. Second will be via a right issue of 477.6mil shares at RM0.10 to existing shareholders (5 right issue for every 1 share owned) amounting to RM47.8mil. This bring the total of new capital to around RM50.5mil. Shareholders will need to subscribe to the right issue or risk being diluted later. They will also be missed out on getting the free warrants which are tradable once listed.

2) Reduction of debt. The company managed to negotiate a reduction of debt from its creditors. The company will “pay” most of its debt via issuance of 116.6mil new shares at RM0.10 and 58.3mil warrants.

3) Lotus Essential, a supplier to KFM will see RM15mil of its debt being repaid by issuance of RCPS of 300mil units at RM0.05 per unit which can be converted to 1 share for 1 RCPS. Here, there is another very big potential dilution to shareholders later since Lotus is given the right to buy new share at 5 sens compared to other investors at 10 sens.

4) Another RM16.4mil amount owed to Lotus will be set off from the proceeds of the Private placement and right issue exercises.

The remaining cash from the private placement and right issue amounting to RM34mil will mainly be used as working capital for existing businesses (wheat flour and tapioca starch businesses).
In summary, current shareholder will need to be prepare to add in another RM0.50 per share of their current investment. If let say you decide to buy KFM today at 12 sens, you will need to prepare another 50 sens later for your subscription to the right issue. So, your total investment is actually will be 62 sens.

Investors need to take note of the big potential dilution later especially if Lotus decides to convert their RCPS (worth 5 sens per unit) to KFM share which will push down the price given the steep discount. They can convert this anytime they want within the 5 years.

Another thing to take note is that the core business will still be the same. If you look at FY18 results, there is actually no finance cost being paid. So, all of this exercise would actually not improve the company’s bottom line (if business environment remain the same as 2018, then they will still be making losses). The improvement will be on the balance sheet via the elimination of debt and injection of new cash.

If you are looking to diversify your portfolio outside of Kuantan Flour Mill (due to still weak earning outlook and big potential dilution later) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the newly revamp Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

Posted by paktua73 > 2019-03-08 18:10 | Report Abuse

yes after long sleep now wake up..
paktua love earn money

tut tut
even death cat also can make money

Posted by jackfruit > 2019-03-08 19:18 | Report Abuse

I thought KFM already disappear from bursa and suddenly appear alive. Long live KFM.

Posted by Follower > 2019-03-25 11:31 | Report Abuse

quiet down.. I waiting for announcement..waiting to sell above 0.23 to make 0.10

Posted by Yang Addison > 2019-04-30 10:53 | Report Abuse

disappear soon。。。。。

Posted by Yang Addison > 2019-05-21 15:17 | Report Abuse

any update

Posted by Kasiuntung11 > 2019-10-13 17:55 | Report Abuse

12 years of losses straight flush .nta negative.suprise price still at 15sen

Posted by Yang Addison > 2019-10-15 12:39 | Report Abuse

when exit pn17 after company name change？

Posted by bibi_michelle > 2019-10-23 16:31 | Report Abuse

i get an offer for 5 unit frm KFM. Still alive

Posted by Stevecheahsw > 2019-10-30 23:29 | Report Abuse

R.I coming.....

Posted by AlfI3 > 2019-11-01 09:30 | Report Abuse

Low volume traded during past mths miking it unattractive to bet on d rights. Close shp

Posted by lee_m2020 > 2019-11-18 21:29 | Report Abuse

MFM is really wanting to grab or create a flour monopoly business. Sure one this will go private or bought..

Posted by Chenghenglee > 2019-11-20 10:50 | Report Abuse

wow.. if MFM makan then hosehliao

Posted by aloha > 2019-12-04 09:56 | Report Abuse

Anytime will out frm PN 17

Posted by Yang Addison > 2019-12-05 13:04 | Report Abuse

when 。。。。。

Posted by aloha > 2019-12-07 11:51 | Report Abuse

Early next year

Posted by Yang Addison > 2019-12-08 09:20 | Report Abuse

hahaha。。dun know yet

Posted by Yang Addison > 2020-01-02 14:00 | Report Abuse

no any announcement yet

Posted by Yang Addison > 2020-02-09 23:34 | Report Abuse

if exit PN17 is a good news

Posted by Yang Addison > 2020-02-11 19:02 | Report Abuse

hope。。。。

Posted by thesteward > 2020-02-12 12:08 | Report Abuse

Yes this one will fly !!! Really fly

Posted by it2116 > 2020-02-12 16:47 | Report Abuse

Wow.. What happen this counter? Big volume today, Rio2814, any insider news?

Posted by thesteward > 2020-02-13 18:35 | Report Abuse

Nice I also believe coming result w be fantastic n soon out of doldrum ...might even fly to 20++

Posted by Accord79 > 2020-02-14 17:23 | Report Abuse

Wah maintain

Posted by Yang Addison > 2020-02-20 15:20 | Report Abuse

what news

Posted by Yang Addison > 2020-02-20 19:01 | Report Abuse

announce qr result？

Posted by Yang Addison > 2020-02-20 22:20 | Report Abuse

qr out？

Posted by simon3618 > 2020-02-21 14:44 | Report Abuse

preparing to fly

Posted by Chenghenglee > 2020-02-21 17:53 | Report Abuse

wow。。。profit

Posted by it2116 > 2020-02-21 18:06 | Report Abuse

Wow.... Next monday will fly...

Posted by freddiehero > 2020-02-21 18:22 | Report Abuse

wow nice to hear..

Posted by Yang Addison > 2020-02-21 18:31 | Report Abuse

hope get out PN17soon

Posted by Chenghenglee > 2020-02-21 19:28 | Report Abuse

how bout lotus WB

Posted by Chenghenglee > 2020-02-22 18:07 | Report Abuse

thx.... hopefully Monday still can in WB

Posted by simon3618 > 2020-02-24 11:54 | Report Abuse

call buy call buy call buy

Posted by Chenghenglee > 2020-02-26 10:56 | Report Abuse

buy buy buy

Posted by simon3618 > 2020-02-26 14:29 | Report Abuse

add some today

Posted by wanmahwai > 2020-03-03 09:16 | Report Abuse

Wasting my money bought this counter

Posted by simon3618 > 2020-03-18 14:27 | Report Abuse

any good news in general meeting?

Posted by thesteward > 2020-04-15 14:16 | Report Abuse

This co will hv a remarkable turnover soon

Posted by Yeo WC > 2020-04-15 22:05 | Report Abuse

Main biz in wheat flour, good potential with people rushing in buying breads, biscuits and dried noodles.

Posted by wakarimas > 2020-04-19 19:37 | Report Abuse

Hopeless

Posted by Yeo WC > 2020-04-20 09:37 | Report Abuse

Really up