Posted by nrama123 > 3 weeks ago | Report Abuse

MSM is good example for Syndicate Counter ..similar like SCIB

Posted by trader808 > 3 weeks ago | Report Abuse

The counter is horribly bearish. The bears continue to charge violently with no sign of fatigue. In the next few days it could possibly fall to 105 and below.
Trade wisely
9/9/2024

Posted by Besafe > 3 weeks ago | Report Abuse

Below RM 1.00 soon. Haha

Posted by UncleFollower > 3 weeks ago | Report Abuse

What is this 😨



turbochart

Wan old sex😍

30 minutes ago

Posted by turbochart > 3 weeks ago | Report Abuse

1old6. Play safe boy😍

Posted by KylieTan > 3 weeks ago | Report Abuse

looks like we can chip in below RM1

Posted by Janus Mun > 3 weeks ago | Report Abuse

....pure manupulation to its max this counter!

Posted by turbochart > 3 weeks ago | Report Abuse

103!!!🤔

Posted by Janus Mun > 3 weeks ago | Report Abuse

0.95-0.99.....

Posted by turbochart > 3 weeks ago | Report Abuse

9599speedmart?😂

Posted by Besafe > 3 weeks ago | Report Abuse

Janus@ bolehland. Most of the counters are heavily manipulated. Imagine from Rm 3.70 to Rm 1.00 plus. How many ppl are stucked high? Heartless operator, sharks and IB. Haha

Posted by UncleFollower > 3 weeks ago | Report Abuse

Itchy hand...added another 1/4 at 1.07. Hopefully I don't regret this 😅

Posted by turbochart > 2 weeks ago | Report Abuse

99msm vs 99smart 😁

Posted by Loh Kok Wai W > 2 weeks ago | Report Abuse

all no sugar drinks...less 0.20 cts...

Posted by turbochart > 2 weeks ago | Report Abuse

Uncle flower 🤣

Posted by trader808 > 2 weeks ago | Report Abuse

The call warrant will expire in a week time. Today is the beginning of the 5 day VWAP. There is an inclined tendency to push down the price of mother share to render the warrant out of money and mature worthlessly.
Happy trading
17/9/24

Posted by UncleFollower > 2 weeks ago | Report Abuse

That's the price to pay for bottom fishing, a long period of looking at paper losses while waiting for the inevitable rebound vs. chasing high where one should rightfully see immedaite gains and more gains without much waiting

Posted by UncleFollower > 2 weeks ago | Report Abuse

You can wait for one more drop to $1 or below before the inevitable rebound, or you can go in now and take some paper losses but not miss the next uptrend. Gluck

Posted by UncleFollower > 1 week ago | Report Abuse

Strong Ringgit addresses raw material and freight cost

Budget'25 adjust sugar price or not nvm, Govt paying this bumi company 24M monthly or 288M yearly

Interest cost is high because of Johor plant, I don't foresee much reduction tho

New Johor warehouse completed only in Aug'24. Ramp up production if they can hit 50% UF results will be better than last few quarters

Importantly, at least 75% held that won't move. Balance 25% shares for such a smallish counter. You can know for sure that it's all in the waiting. When interested parties become interested, it's gonna double again

Posted by turbochart > 1 week ago | Report Abuse

1.19msm vs 1.99smart😁

Posted by turbochart > 4 days ago | Report Abuse

99smart become 299smart!!😂

Posted by meisarel > 3 days ago | Report Abuse

Concur with UncleFollower.

Strong RM should benefit MSM. Will be reflected in the next few quarters

Posted by UncleFollower > 3 days ago | Report Abuse

As much as CEO thinks they are good in hedging, MSM often misses it

So yes it shall take a few quarters. Last quarter, they would have locked in high sugar cost from prior hedging. This quarter onwards they would have averaged down and sugar cost shld be quite favourable now despite NY11 surging

Ringgit they would have hedged way ahead of current strength. So that's another hedging loss that we can't see. Need things to trend a few quarters for them to get it right

Posted by UncleFollower > 3 days ago | Report Abuse

Let's see how budget goes. Govt should address the dichotomy between subsidising MSM/CSR on the one hand to cap sugar price while declaring war on sugar. Cannot like this one la

Posted by meisarel > 2 days ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/01/higher-export-prices-positive-for-msm

Posted by Josh329 > 2 days ago | Report Abuse

Our sugar price is one of the lowest in the region. Need to tackle a long term solution to sustain the industry.

Posted by Josh329 > 2 days ago | Report Abuse

Momentum is just getting started.

Posted by UncleFollower > 2 days ago | Report Abuse

Agree with Josh, watch out MSM has formed higher lows tho it's very flat and barely visible lol. Bottom reversal in place looking to close the gap back to 1.50 range. Even w hedging loss MSM is inexpensive at 1.70+-I think that'd be the stable price for a while after this rebound 😆

Posted by mf > 1 day ago | Report Abuse

Politics
Israeli forces launch ground offensive in Lebanon as markets eye escalation
Published Tue, Oct 1 202410:01 AM EDT

Posted by newbie9893 > 1 day ago | Report Abuse

I predict MSM & BJFOOD will the the next consumer counters to be goreng up kaw kaw after 99.SMART & LHI....buy only

Posted by newbie9893 > 1 day ago | Report Abuse

MSM lai liao...

Posted by newbie9893 > 1 day ago | Report Abuse

wah...1.27 cleared ...go...go..go

Posted by newbie9893 > 1 day ago | Report Abuse

touched 1.30...go..go..go

Posted by UncleFollower > 1 day ago | Report Abuse

Touched 1.33 if there's a reversal I think we can hold and wait. If it continues charging up the players are back, ride it chase it if you dare 😎

Posted by newbie9893 > 1 day ago | Report Abuse

consumer sector will be the theme to play.....buy MSM, PARKSON, BJFOOD..

Posted by newbie9893 > 1 day ago | Report Abuse

i already bought tons of MSM, PARKSON, BJFOOD last week..to be rewarded very soon

Posted by UncleFollower > 1 day ago | Report Abuse

MSM's 2Q loss is as I have correctly speculated now that it's confirmed by BIMB - it's a hedging loss. Much has been said about their export segment trading on current prices therefore ensuring a small margin - this isn't true looking at last quarter. They hedged raw sugar cost too high and forced to sell at market. They did it reluctantly, hence the marked to market losses of 18M for unsold inventory and a sharply qoq export volume. Based on their internal export target, they have attained only 1/3 in 1H confirming their restraint in exporting at low prices.

Posted by newbie9893 > 1 day ago | Report Abuse

MSM resistance breakout with high volumn, TP 1.4 today

Posted by UncleFollower > 1 day ago | Report Abuse

Now MSM has the benefit of riding MYR strength and having locked in lower NY11 prices for subsequent gains. Their increased storage capacity will allow them to "trade" export segment for higher prices. A turnaround in 3Q looks elusive. However given another quarter for them to adjust their poorly timed hedges, they will quickly turn profitable with a sizeable quarterly profit of between 40-50M. They will then be trading at a very low PE relative to newbie's consumer sector stocks.

Other catalysts:

1) Bringing in a partner in MSM Johor with a sizeable offtake. Think Wilmar. Not sure why it didnt go through, whether it is political or not. Even if Wilmar doesnt come in, MSM Johor will be increasingly valuable over time. The market is niche and regulated, someone will want in. E.g. if they open it up to Syed Mokhtar he will snap it up without further tot

2) Corporate exercise by Felda. Since their 2019 blunder which coincided with Ringgit crash, Felda has been suffering from no returns whatsoever by MSM. The moment MSM turns around there will be huge pressure from major shareholder to monetise. This will directly benefit minority shareholders

Posted by newbie9893 > 1 day ago | Report Abuse

last chance to buy MSM below 1.3, you won't be able to get this price in afternoon section..

Posted by newbie9893 > 1 day ago | Report Abuse

wah...cleared 1.35 in one second..go...go...go

Posted by newbie9893 > 1 day ago | Report Abuse

I am about to reach my TP1.4

Posted by newbie9893 > 1 day ago | Report Abuse

i will change my TP to limit up price 1.59 if break 1.4

Posted by newbie9893 > 1 day ago | Report Abuse

congrats to all those who follow me to buy in MSM this morning....Ong ah...huat ah..

Posted by miracle_trader > 1 day ago | Report Abuse

can go higher, it drop from 3.50 . so now rebound to around 1.80 also reasonable

Posted by newbie9893 > 1 day ago | Report Abuse

please buy Parkson as well ...to be rewarded like MSM soon

Posted by fruitcake > 1 day ago | Report Abuse

die those who bought at ceiling price today💀

Posted by newbie9893 > 23 hours ago | Report Abuse

no worries, MSM in uptread mode, will continue up tomorrow

Posted by mf > 43 minutes ago | Report Abuse

Time
US 30
42,013.5 42,261.1 41,969.0 -183.0 -0.43%
04:11:55
US 500
5,684.9 5,721.4 5,676.4 -24.6 -0.43%
04:10:22
US Tech 100
19,693.7 19,861.0 19,652.3 -107.3 -0.54%
04:10:35

Posted by fruitcake > 39 minutes ago | Report Abuse

msm certainly got sweeter. GO GO GO