I think the market is overreacting on the news of the new expanded sugar tax. Sugar tax are not new. It was first introduce back in July 2019. Even then the sales volume of msm was not affected ( sales volume actually grew in 2019 ).
Now the government has decided to expend it to premix sugar drink like Milo or your 3 in 1 coffee. I don't think it will affect Msm sales that much.
I will be more interested to see if the company turnaround plan is a success or not. Hope that they can deliver good profit in 3q21. If they achieved that, then the turnaround story would potentially put MSM back in investors radar. Management has a target to bring back MSM profit level to RM 240mil. They hope to achieved this in 2023.
the Group recorded PAT of RM97 million compared to LAT of RM71 million in 3Q 2020. The significant turnaround is contributed by gain from disposal of a subsidiary, MSM Perlis Sdn Bhd of RM91.81 million
Market slowly slowly emerged a lot of "unprecedented" issue for certain sector...certain corp...
Very fortunate Keyman188 had disposed 60% long term position portfolio since Sept'21...(most of position strike in super cheapest price during 2020 pandemic)...
Keyman188 already given hints so many times since last month...
One lesson for all companies is that the QR report should be released only after 5pm.once some rumours spreads or panic selling happen, the share price drops badly. Let time for investors to digest the reports. Just my humble opinion
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-10-20 16:06 | Report Abuse
Accumulate !