I think our investment risk are quite low taking into their monopoly business in Msia and their NTA of RM2.36 per share vs today closing of RM0.64, will accumulate more if the price drop further.
i bought 200,000 s @ rm 1.70 last year april and i accumulated 2,103,000 shares from 19.3.20 to 21.4.20 price range 25.5c to 61.83c total i hv 2,303,000 share @ average cost 47.7c
xterrorsinx. , the above was my MSM trading history
year 2011 share price rm 5.70.. manufacturing capacity 100 m tons . now 220 m tons , my target price rm 3.00, but also must depends how are the few coming Q result
2019 anual report stated ended of long-term sugar supply agreement,commercialisation MSM johor april 2019,ended contract high price freight.If this coming QR1 still negative means something wrong la with management..Dont state due to 2 weeks MCO on march then turn to losses..
"escanor999 @oldchinaman, how come their price been going downtrend since few years"
The company is making losses since 4Q 2018 and a huge loss in 2019 due to incompetent management. That's why the share pricel fell from RM5.00++ to 25cents.
This has created an opportunity for us (retailers) to invest in it. Otherwise, the price will be too high and only big fund managers will be able to buy it.
The first reason why I invested in it because sugar is a necessity. The second reason is because the share price is at a cheap and acceptable price now. Thirdly, I realise that the company is going to turnaround after going through reports and news.
I'm guessing you're quite young and new to the share market. I advise you to read more from bursa announcements. You'll be able to read alot of annual reports, financial results, news and etc. If you invest carefully and do your research, it's a very good opportunity for you to make tons of money.
Msm is full of high paid poor management officers including all directors... All are incompetent and lousy.. If you give them a whole mountain of gold also will be slowly eaten by them.
I believe fgv and pos are all the same level and standard.. Monopoly business also making losses... Very disappointed with these groups of management and directors, don't put too much of hope on them
Only 40mil share available in open market. Who is buying & selling this stock?as share transaction nowadays is consider very very high if compare last time. And the CEO clearly stated to return confident to shareholders. His contract will end of this month. He should manage to restore back MSM price to it value before he left this organization. Not talk about new product or plan.that should do by new CEO. Left the organization with pathetic share price..what a shame
Orang tua, biasanya ada high blood pressure, high cholesterol, diabetes, knees problems..... Don't understand batch by batch of old guys come and go and all failed to turn company into black.. Hahaha..
This counter good for goreng. Investment not suitable. How many quarter already still loss money. The biggest sugar supplier in msia, Almost all Malaysian buy MSM sugar because is sweeter compare to red packet brand. Ini macam also cannot make profit really got something not right.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
up2up
93 posts
Posted by up2up > 2020-05-18 23:07 | Report Abuse
I think our investment risk are quite low taking into their monopoly business in Msia and their NTA of RM2.36 per share vs today closing of RM0.64, will accumulate more if the price drop further.