This is consolidate current high price..it will take several month to do that. So it will fly after many month or year ... Current price will DING DONG around 1.60-1.90
market is getting worst.. Probably MSM will stay at 1.60-1.90level for several month. Need time to consolidate recent high.. Can come back if the next QR release with good result .. MSM needs rest now .. Thanks MSM
How can he know the QR is good ? yesterday just closing ..some more dont think it so fast can complete the QR result .. it will take more time to complete it. but for recent high price need many month to consolidate . better buy after the earning stream is back or at least wait for the clear direction from this stock . just my opinion
it really need time to consolidate recent high .. recently no more sweet.. will continue if the income source can continue the rest of QR . But for now only can see the price move ard here .. if have better chance go for it first .. MSM not so fast right now .
MSM said that during the temporary shutdown, it will use available refined sugar stocks at MSM Johor on top of being supported by production at its second refinery, MSM Prai, for domestic and export market supply.
“With these measures, there will be no material impact on operations, earnings per shares and net assets per share of the company arising from the temporary production shutdown," the company said.
They stated "no material impact on operations, earnings per shares and net assets per share of the company". So shouldn't have major issue, maybe drop bit & up again?
Most importantly, wasn't as serious as Top Glove or other major issue. Anyhow, bursa is unpredictable. Good news doesnt mean will up
Perlis factory last yrs already closed down now want restart need money, johor factory need pay free salary. After two month closed perlis again need money to closed again.
Relax guys. Prai plant has a production capacity if 1 million tonnes per annum. MSM as a group, only sells about 1.1m tonnes for the whole year. it can do so without johor plant for the entire year.
As long as today close above 1.60 I think it’s ok. Q2 will most likely post good results. Don’t panic. Will monitor and top up a bit. Let’s see today’s performance
Seem like many investor spot this MSM dy .. its need time to consolidate recent high .. Maybe it will need few month or year. but if the big boy buy in that is a difference story .... lol .. now will wait and see the uptrend signal from MSM.. if some of them believe what i say last two weeks maybe now you all can get cheapest share right now ..lol.. Happy Trading .
We believe that earnings impact of the plant shutdown would not be significant as the off-take in the sugar refinery in Tanjung Langsat is low. Average utilisation rate of the refinery was only 27% in 4QFY20. Average utilisation rate was 23% in FY20. Hence, MSM Prai can easily take over some of the sugar orders from MSM Johor. We believe that MSM Prai’s utilisation rate is about 80%. We also gather that the boiler is under warranty. Hence, MSM may not have to bear all of the boiler’s repair expenses.
MSM already making profit, and the company has announced temporary shutdown for maintenance work does not have any impact to operation and EPS. All supply still can be filled by Prai factory. Take Aminvestment reseach TP = 2.15 as good. More Raya Puasa is coming, Sugar demand is increasing. Go go go
Lets make some logical math here, Say Johor closed for repair, because it says boiler problem in news. Say they repair now, means good because repair still under warranty, I wonder who did their boilers, Those contractors losing big time. But at the same time, now repair better as it is free. then when it is not repaired means not efficient la. So now repaired = in future will be more efficient?????
Eh if plant shut down revenue will drop meh? CGS CIMB says depreciation continue. I think not true, MSM has buffer 2 months stock for this closure.. I think net net no impact? or impact is good cus close for repair better than keep running and damage?
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Arvin6
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Posted by Arvin6 > 2021-03-30 11:28 | Report Abuse
This is consolidate current high price..it will take several month to do that. So it will fly after many month or year ... Current price will DING DONG around 1.60-1.90