If you're wondering why MSM is on a downtrend. So far from what I can see is
1) Sugar surplus around the world, oversupply of sugars, most sugar suppliers internationally have increased productions averaging 50% higher than before 2017. 2) Increasing local competitors, now more local sugar refineries can get AP easier. 3) the Johor refineries by MSM have increase their expense by almost double, while their revenue remains the same or less.
So they speculate that sugar price will remain high, demand will remain high, hence they make johor refineries, making their operating cost double, more debt, but in fact, sugar becomes cheaper, oversupplies.
checkmate guys, unless sugar demand becomes high again which is unlikely because of the trend to stay healthy and avoid sugar, then MSM wont become profitable ever again.
just keep that in mind when you want to invest in this, because it can go much lower, like 0.20.
or if miracle happen, sugar becomes highly demanded again (unlikely), then only MSM can make profit.
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....
maxstore769
703 posts
Posted by maxstore769 > 2020-10-29 23:10 | Report Abuse
still downtrend