Posted by MSMsugar > 2020-09-08 20:10 | Report Abuse

stok kira silap, stok terlalu banyak

Posted by jwyap > 2020-09-08 20:34 | Report Abuse

such good monopoly company, can be lost every year, i hope that company change all the management staffs and give its become profit company. mr kuek controlled its had the good results every year. disappointed

Posted by Jeffreyteck > 2020-09-09 07:59 | Report Abuse

No jail and minimum penalty, we must learn how to tolerate and forgive as like water pollution and disruption. After all not enough evidences and buy time.

Posted by Good123 > 2020-09-09 11:15 | Report Abuse

below 50sen KUALA LUMPUR (Sept 9): CGS-CIMB Research maintained its "reduce" rating of MSM Malaysia Holdings Bhd at 54.5 sen with an unchanged target price (TP) of 55 sen after MSM's group chief executive officer (CEO) was placed on leave of absence and required to explain certain irregularities relating to inventories of MSM Sugar Refinery (Johor) Sdn Bhd.

MSM, however, did not specify the nature of the inventory irregularities and said the company will continue its business as usual.

In a note yesterday, the research house said it remains negative on the news as it suggests weak management at MSM.

According to CGS-CIMB, MSM had said the irregularities relating to the inventories of MSM Sugar Refinery (Johor) will not impact its earnings for the current year as they had been accounted for in the financial year ended Dec 31, 2019 (FY19).

“We suspect this could be partly related to the write-down of inventory value in 2019 totalling RM50 million. In MSM’s 2019 Annual Report, the group revealed that it lost RM49.4 million due to inventories written down to net realisable value and RM1.5 million from inventories written off in 2019.

“Although we are relieved to hear that this issue is unlikely to affect FY20 earnings, we are still negative on this news as it would shed a negative light on past governance/management of MSM. This is the second time in recent years that MSM appears to have an issue with its CEO,” it said.

The research house highlighted that in January 2018, MSM’s then president and group CEO Datuk Mohamad Amri vacated his post and claimed that he had been constructively dismissed.

CSG-CIMB said it was reported by the media that he tendered his resignation after disagreeing with the appointment of Datuk Khairil Anuar Aziz as an executive director on MSM’s board.

“We reiterate 'reduce' with an unchanged TP of RM0.55 (P/NTA) as we expect MSM to continue reporting losses, which could affect its ability to attract potential suitors. We are also concerned over the low utilisation of its Johor refinery and weak management,” it said.

At 10.15am, MSM had dipped 0.96% or half a sen to 51.5 sen, with a market capitalisation of RM362.04 million.

Posted by Jeffreyteck > 2020-09-09 17:52 | Report Abuse

Believe no issues or most likely will drag years as in....
Ex-Transmile boss appeals against conviction... only old people can recall this long outstanding case, that is efficiency and effectiveness. Lol.

Posted by MSMsugar > 2020-09-09 19:15 | Report Abuse

STOK LEBIH 50 million

Posted by Mcmc > 2020-09-10 19:14 | Report Abuse

Whats d story? Why is the head of plant and finance not questioned or asked to go holiday?

Posted by gemfinder > 2020-09-16 11:01 | Report Abuse

Typical malay control company.. all suck money

Posted by nicedurians > 2020-09-17 19:08 | Report Abuse

already clarified. no missing inventory

Posted by Warisan > 2020-09-18 12:04 | Report Abuse

If weak BOD cannot change? Let Warisan Plus rule.

Posted by ThousandWishes > 2020-09-18 16:22 | Report Abuse

gemfinder It's no longer true with the emergence of Serba Dinamik Holdings Bhd & all other companies managed by Ir Muhd Karim Abdullah. These are genuine globally competitive companies. You may be right if he is a newly Sarawak born convert.

Posted by stockinvestigator > 2020-09-21 18:11 | Report Abuse

Not only change in top management is required, the review of all head of departments is needed. esp the dept in charge of buying raw sugar and marketing white sugars

Posted by Selina888 > 2020-09-21 18:24 | Report Abuse

During Robert Kwok's time, it was well managed. But now, we can see how the company performed as reflected by the share price.

Posted by MSMsugar > 2020-09-21 20:00 | Report Abuse

bodoh purchaser lock 13.50 today price 12.80

Posted by stockinvestigator > 2020-09-22 12:07 | Report Abuse

google "MSM trading general manager" and it leads us to https://my.linkedin.com/in/mohd-ismaniza-ismail-10b81428

Posted by weirdone > 2020-10-02 11:49 | Report Abuse

totally unbelievable, monopoly of important ingredient also can loss money.
well... maybe not really losing money, just that the revenue not return to the company and "misplaced"

Posted by Jasonlcs > 2020-10-05 11:21 | Report Abuse

No further updates?

Posted by BigPortfolio > 2020-10-05 11:29 | Report Abuse

Let chinese run the company sure make huge profit.

Posted by MSMsugar > 2020-10-05 20:17 | Report Abuse

Let chinese run the company sure make huge profit.

Posted by DepecheM > 2020-10-05 20:59 | Report Abuse

A new beginning is good... change from top to bottom will boost investors' confidence...will see how how they fare next QR before considering taking positron.

Posted by firehawk > 2020-10-05 22:25 | Report Abuse

Heard he wrote-off 36.6m inventories .... so, where these inventories now? can recover back next Q?

Posted by 5354_ > 2020-10-06 04:59 | Report Abuse

CEO sacked and need 1? Can Chinese apply?

Posted by 5354_ > 2020-10-06 05:01 | Report Abuse

Robert Kuok why not asked to buy back MSM or he won't?

Posted by 5354_ > 2020-10-06 09:02 | Report Abuse

Useless CEO sacked save cost is for sure.

Posted by 5354_ > 2020-10-06 09:04 | Report Abuse

Can write back loss under interim CEO?

Posted by BigPortfolio > 2020-10-06 12:40 | Report Abuse

USELESS PIG RUN THE BUSINESS SURE DIE.. SEE POS... also same...BSTEAD.... pig cant run business... they only eat money.

Posted by stockinvestigator > 2020-10-07 10:29 | Report Abuse

Now that CEO sacked, it is convenient to blame poor Q3 results (to be announced next month) on the previous management

Posted by 5354_ > 2020-10-09 11:34 | Report Abuse

MSM not in Prai near Permatang Pauh Anwar hometown? Why cannot up even Anwar soon PM 9?

Posted by 5354_ > 2020-10-09 11:36 | Report Abuse

ASB promoters said hotel biz will boom soon not more sugar need for buffet, etc?

Posted by 5354_ > 2020-10-09 11:40 | Report Abuse

MSM Prai far from Permatang Pauh Anwar hometown? Why no gain unlike ASB?

Posted by stockinvestigator > 2020-10-09 13:28 | Report Abuse

Q3 results going to report loss again.. how to gain?

Posted by Penang_lang > 2020-10-10 04:04 | Report Abuse

Anwar if PM 9 can give Rakyat free 10 kg MSM sugar in 2021 Budget to lessen burden from Covid-19.

Posted by Penang_lang > 2020-10-10 04:07 | Report Abuse

Give each household 10 kg MSM sugar if Anwar PM 9.

Posted by Penang_lang > 2020-10-10 04:15 | Report Abuse

Ask MSM issue 10 1 kg MSM sugar for each household all paid by govn if Anwar PM 9? Can redeem the voucher in all supermarket?

Posted by Penang_lang > 2020-10-10 04:16 | Report Abuse

No Msm why Kpc here?

Posted by Penang_lang > 2020-10-10 04:20 | Report Abuse

Haters that's why PM must change. If Muhyiddin good why MSM not good ?

Posted by Penang_lang > 2020-10-10 04:23 | Report Abuse

Haters ASB goreng you not aware? Got QR profit?

Posted by Penang_lang > 2020-10-10 04:31 | Report Abuse

Airasia loss bigger why 60 sen can?

Posted by Hidup_PN > 2020-10-16 09:30 | Report Abuse

I3 no more people? Where they gone?

Posted by NESARAJAH1 > 2020-10-16 11:21 | Report Abuse

Suffering in silence

Posted by NESARAJAH1 > 2020-10-16 11:22 | Report Abuse

Losses too much. Hope is still there now

Posted by NESARAJAH1 > 2020-10-20 16:35 | Report Abuse

Whats the nrws

Posted by NESARAJAH1 > 2020-10-20 16:47 | Report Abuse

What a reprieve. Was losing so much. Pray for good news

Posted by rivter > 2020-10-20 17:16 | Report Abuse

friend say this two day got good news out ~ dun know right or not

Posted by rivter > 2020-10-20 17:16 | Report Abuse

c today closing price maybe got news~

Posted by Jerry20 > 2020-10-20 19:01 | Report Abuse

Msm goreng..

Posted by jwyap > 2020-10-20 19:17 | Report Abuse

back to normal price. rm0.6 above

Posted by MSMsugar > 2020-10-20 19:49 | Report Abuse

got buyer ???

Posted by nicedurians > 2020-10-21 19:28 | Report Abuse

wilmar coming in

Posted by NESARAJAH1 > 2020-10-23 19:22 | Report Abuse

Short term excitement