Posted by Luisa7 > 2024-01-24 11:07 | Report Abuse

This is the latest news about the sugar price we are getting currently. May be will got latest news later

https://www.thestar.com.my/business/business-news/2023/12/07/msm-calls-for-speedy-decision-on-sugar-prices

Posted by dxbman > 2024-01-24 11:42 | Report Abuse

STRONG BUY

Posted by meisarel > 2024-01-24 15:57 | Report Abuse

Good break above 2 with high volume!!

Good sign that something positive may come MSM’s way soon

Posted by ISEOX1R > 2024-01-24 20:03 | Report Abuse

Share price could back to the old time like robert kuok's era.

Posted by James_Bond > 2024-01-25 10:07 | Report Abuse

Congrats my comrades. We r laughing to the bank. Haha.

Posted by 5354_ > 2024-01-25 17:34 | Report Abuse

Robert Kuok era meaning IPO price=RM 3.88 can reach?

ISEOX1R

Share price could back to the old time like robert kuok's era.

21 hours ago

Posted by 5354_ > 2024-01-25 23:07 | Report Abuse

Those who sold MSM early can go for FGV only RM 1.39. FGV own >50% MSM.

Posted by ISEOX1R > 2024-01-26 09:44 | Report Abuse

@5354 , with fundamental from bad to good and with new management that committed to lead the business back to the glory days, We shall anticipate the share price back to it's prime day. Dont forget MSM will have dividends for it's investor during profitable FY.

Posted by utusminum > 2024-01-26 13:53 | Report Abuse

pump before the fraud case out....later all got trap and stuck

Posted by meisarel > 2024-01-28 21:56 | Report Abuse

Since start of the year 2024, MSM has made a remarkable gain of 50%.

Up from 1.61 to 2.41, a gain of 80 sen. Do you think MSM will continue with its bull run streak?

Or a mild correction is around the corner before the next bull run?

Posted by Sargon15 > 2024-01-29 11:22 | Report Abuse

Maybe everyone waiting for the announcement of ceiling price sugar hike

Posted by James_Bond > 2024-01-29 11:46 | Report Abuse

Just wonder where r those jokers who looked down on MSM?! Haha!

Posted by meisarel > 2024-01-29 12:09 | Report Abuse

Booked profit first today. Been riding since 1.46.

Will revisit MSM in Feb. Good luck all!!!

Posted by KylieTan > 2024-01-29 15:54 | Report Abuse

Nice, what a good profit you have made, meisarel👍

Posted by Luisa7 > 2024-01-29 19:15 | Report Abuse

@James_Bond. They are hiding at their room and eating 'sugar' 😁

Posted by meisarel > 2024-01-29 20:23 | Report Abuse

@KylieTan

Thanks. Anyway, I could be wrong in my technical assessment. Good luck everyone!!

Posted by rlch > 2024-01-30 06:32 | Report Abuse

After so many days up down 1 sen is just minor profit taking.

Posted by estrabrook > 2024-01-30 11:08 | Report Abuse

Ah, took my <2 TP earlier, missed the spike for more haha

Posted by Pinpin > 2024-01-30 11:38 | Report Abuse

So fast did already ?

Posted by investopology > 2024-01-30 18:40 | Report Abuse

Seem like sell down is real

Posted by treasurehunter > 2024-01-31 11:36 | Report Abuse

healthy retrace, finding solid ground before next leap

Posted by newbie5354_ > 2024-01-31 12:30 | Report Abuse

If sugar RM 2.85/kg got increase best is govn must announce today so tomorrow new price? If no announcement sugar hike delay another month?

Posted by newbie5354_ > 2024-01-31 12:38 | Report Abuse

If sugar price really increase best is announce late today(if possible after 9.00-10 pm) so that people won't have time to go to supermarket to buy cheaper sugar?

Posted by rlch > 2024-01-31 14:52 | Report Abuse

I only consume 0.5 kg sugar a month. Even sugar up RM 1/kg to RM 3.85/kg I only have to pay extra 50 sen sure affordable sum. If those really cannot pay extra they should cut sugar consumption is it hard?

Posted by Luisa7 > 2024-02-02 09:49 | Report Abuse

Besides your own domestic use, for commercial use, sugar is used for making confectionary and others. Do you know how big the sugar consumption is?

Posted by rlch > 2024-02-02 11:12 | Report Abuse

Sugar price remain same and CFO back to work is bad news so MSM drop?

Posted by rlch > 2024-02-02 11:14 | Report Abuse

Produce RM 2.85/kg sugar less until shortage like rice why MSM cannot do?

Posted by rlch > 2024-02-02 11:16 | Report Abuse

Yesterday visited Lotus see plenty RM 2.85/kg on sale so MSM loss to continue even in 2024?

Posted by rlch > 2024-02-02 11:19 | Report Abuse

Export more eg to S'pore is one way MSM to make profit?

Posted by KylieTan > 2 months ago | Report Abuse

Probably. Anyway, I remain optimistic about MSM's FY2024 performance

Posted by 5354_ > 2 months ago | Report Abuse

Up 15 sen any good news?

Posted by meisarel > 2 months ago | Report Abuse

https://www.astroawani.com/berita-bisnes/felda-sepatutnya-utamakan-pengeluaran-minyak-sawit-bukan-buat-gula-miliki-hotel-johari-ghani-457094?amp=1

Interesting point is as per below:

“Felda tidak sepatutnya melihat di luar industri sawit. Kita perlu fokus, dan tidak boleh terlibat dalam terlalu banyak perkara seperti pembuatan gula, memiliki hotel”

Posted by 5354_ > 2 months ago | Report Abuse

Syed Mokhtar(who own CSR sugar) will buy MSM?

Posted by meisarel > 2 months ago | Report Abuse

Based on previous media report, Wilmar and Syed M was interested. Anyway, that remains as speculation for now.

Personally, I feel if the sugar price is floated MSM will be a profitable company. Alternatively, gov come in and subsidise like what they are doing currently at RM 24 mil per month.

When Gula Perai was under the previous billionaire owner, it received subsidy to the tune of RM 500++million every year!!

Posted by 5354_ > 2 months ago | Report Abuse

If base on Johari Abdul Ghani yesterday comments I don't think sugar price can be floated in Malaysia. So best is Felda must find buyer for MSM.

Posted by 5354_ > 2 months ago | Report Abuse

Export more eg to S'pore and more wealthy country is way for MSM to turn profitable. RM 2.85/kg sugar MSM must produce less(subject to govn quota).

Posted by KylieTan > 2 months ago | Report Abuse

Other wealthy countries, like the UK, got a sugar levy because they wanted to reduce the number of obese people there

Posted by meisarel > 2 months ago | Report Abuse

Choices are limited. Options are:

1) float price
2) give subsidy/incentive
3) hybrid mechanism ( mix of option 1 and 2)
4) force MSM and CSR to bear the losses to maintain current price.

In terms of risk, option 4 is the riskiest as it most likely will lead to sugar shortage and therefore food security issue in Malaysia if both MSM and CSR go bust. They have been bleeding since the sugar price spike in 2022&2023.

Hence, the only feasible option left is either 1, 2 and 3. Whichever way you cut it, it will benefit MSM greatly as the new sale price will have to cover its cost. It can stop bleeding and record loss and with the Johor plant refinery reliability fully restored now, more can be done to cater for export market.

Personally, I think MSM is a cornered stock. And if food security is a priority for the government, then naturally the only way its share price can go moving forward is UP!!!

Posted by meisarel > 2 months ago | Report Abuse

@5354_ There will be no buyer who wants to buy MSM if the selling price controlled by government is way below the cost of production. Nobody wants to invest in a “sure loss” business.

For example, government has granted more APs to companies to import sugar. Target volume was 550,000 tonnes. HOWEVER, only 4% (22,000 tonnes) was brought in. NOBODY is willing to bring in sugar from international market at higher price and sell in Malaysia at a loss!! And NOBODY wants to buy MSM without any revision on local sugar pricing.

https://www.malaymail.com/amp/news/malaysia/2023/11/12/malaysias-sugar-supply-disruption-due-to-spike-in-prices-in-international-market-says-armizan/101717

5354_
If base on Johari Abdul Ghani yesterday comments I don't think sugar price can be floated in Malaysia. So best is Felda must find buyer for MSM.

Posted by James_Bond > 2 months ago | Report Abuse

Go go go MSM!

Posted by James_Bond > 2 months ago | Report Abuse

No wonder 90% retailers losing money… main reason is that they always chasing high rather than buying low…

Posted by meisarel > 2 months ago | Report Abuse

Technically looks nice. Another price surge around the corner?

Posted by James_Bond > 2 months ago | Report Abuse

Go go go MSM, I m loving you… haha…

Posted by KylieTan > 2 months ago | Report Abuse

Sugar demand also rises during CNY 😀

Posted by James_Bond > 2 months ago | Report Abuse

Indeed Kylie… go go go MSM! Haha… we r laughing to the bank!

Posted by meisarel > 2 months ago | Report Abuse

Q4 2023 expected next week. Good result?

Posted by Luisa7 > 2 months ago | Report Abuse

high probability for it to turn green

Posted by Luisa7 > 2 months ago | Report Abuse

high probability for it to turn green

Posted by meisarel > 2 months ago | Report Abuse

Volume building up with breakout. Looking good!!

Posted by KylieTan > 2 months ago | Report Abuse

All eyeing on its Q4 result 😊