Analyst, media, drum up the good news as share goes down. Price chart never lies. That intra-day reversal was an obvious sign of more bear to come. But to what end is all this drama? This crash is necessary to bring u to the next stage - actual good news - sugar price lift, johor plant sale
TQ bro. Feels familiar...the tight shareholding, the persistent share fall (can see syndicates swiping) and the poor results. Coupled w some rumours. If we think of M, MMC and MCement 🤣
Tech and data centers related stocks freefall. Didn't expect sugar to follow suit as when these stocks were pumped up more than 100%, sugar stock was dropping. Next bank stocks will follow, probably next week.
GLCs all d same - policy based on political considerations not profitability reasons. Management also politically appointed not based on meritocracy, no surprise on continuous poor financial results...
Bursa pun sama...Captain n the biggest Casino in Malaysia...look more new IPO ; 90 percent is Rubbish stock...many is take money n run....o loneterm invest..
I think whoever is playing this, this flush down is very important for their game plan. It cost money to flush it down this way. Obviously it will recover the question is whether u have the money, stomach and patience for it, and how u feel when other counters arleady run wild while this way still ding dong in the foreseeable future
It's not a subsidy. It's price control. So MSM+ have been producing at a loss, but Government has already "reimbursed" them since November 2023. They are not calling it a subsidy, since it's a payment directly to MSM whereas Rakyat still pays 2.85.
MSM has locked in NY11, their raw material cost at a high price. When NY11 trends down like now, free market prices for sugar comes down. This hits their bottomline for industrial sugar. At the same time, there are 43 companies with APs which can import sugar at a lower price - this does not go through a refining process, they are traders. Import and sell to F&B industries at a price lower than MSM can do with a profit
NY11 has been trending down, whereas freight cost continues to go up. It will not be easys for MSM to make a meaningful profit next quarter, break-even tho is quite likely as they can now massively lock in low NY11 prices
Share prices do not immediately reflect fundamentals especially when our trading time frame is short. Looking at the clearly manipulated movements, I'll take my chances with MSM. Buying on Monday 😆
Sometimes we have to play like long-term investors lol. I think they messed up the hedging for raw material cost. I think the CFO screwed up that's why all the hoohaa. Longer term this is a national asset. Last round at 3+ people think it's going to 5-6, there're good reasons for that to happen
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....
UncleFollower
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Posted by UncleFollower > 1 month ago | Report Abuse
Analyst, media, drum up the good news as share goes down. Price chart never lies. That intra-day reversal was an obvious sign of more bear to come. But to what end is all this drama? This crash is necessary to bring u to the next stage - actual good news - sugar price lift, johor plant sale