European stocks lower; Chinese manufacturing data, European inflation in focus Stock Markets Investing.com - European stock markets traded sharply lower Wednesday after disappo
Me too miss MSM dividend. GS got ask when coarse sugar RM 2.85/kg can be raised? Selling price too low behind MSM loss and no dividend? If sugar RM 2.85/kg cannot raise can government provide sugar subsidy?
1. coarse sugar RM 2.85/kg can be raised? https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT9&sCompanyCode=MSM Page 5: “ We shall keep the possibility of further hikes in selling prices depending on the Government outcome to increase the controlled ceiling price for the consumer segment to which the joint sugar industry is scheduled to reengage KPDN in Q3 2023 to address structural price changes for long term sugar industry sustainability”
2. Selling price too low behind MSM loss and no dividend? https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT10&sCompanyCode=MSM Page 4: “ In FY2022, no dividend was declared. Nevertheless, the intention for FY2023 is to work towards the improvement of company’s financial and operational performance to deliver greater value to our shareholders. Any dividend in FY2023, will be assessed based on the whole year's performance at the discretion of the Board and guided by the Group's dividend policy “
3. If sugar RM 2.85/kg cannot raise can government provide sugar subsidy? https://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=23117000052119&sReportType=AUDIT10&sCompanyCode=MSM Page 11: “The Government understands our challenges as input cost continues to remain high post UkraineRussia war. Global demand outstrips lower production due to weather. The world sugar prices have been increasing but Malaysia retail prices have remained unchanged with no subsidy”
Dear fellow traders, allow me to share something with you. Do not miss the opportunity to secure your ticket and relish the sweetness before the flight takes off.
if Syed Mokhtar wana take over MSM earlier, and MSM board reject the offer, means something big is coming, Syed Mokhtar knew it, and MSM board also knew it. Both party knew the restrain on sugar price might be loosen up by Govt very soon, our country sugar price is rediculously low compare to other country, the next step might be imposing Sugar tax, if MSM is not profiting, what is the encouragement of doing Sugar tax? You need to make it easy for both side before Govt can go ahead for the policy. If the speculation is for real, now will be the floor price before it sky rocket when the balance sheet turn profit.
This is a turnaround stocks la. What to expect. Risk higher but definitely if successful to turn profit, share price shoot up. Remember one IB even downgraded it to lower price after the previous quarter result was out. Caught retailer to sell cheap to them, while someone is accumulating. It’s up to one whether to take risk or not in MSM. This business they are in rely heavily on subsidy and intervention.
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....
moven00
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Posted by moven00 > 2023-05-30 18:22 | Report Abuse
It’s shark more or less same like the Bintang. Slow slow potong retailer.