Posted by UncleFollower > 2 months ago | Report Abuse

Conspiracy theory: MSM cannot present a strong quarter if they want sugar price hike come budget 2025 🤣

Posted by UncleFollower > 2 months ago | Report Abuse

The Edge is usually good. This round someone should call out on the Edge. Release a news Theta buying half of MSM Johor for $500M lol you know how much that puts MSM at? Goreng up to $2 and then sell down to $1.1+ now. The Edge did you pakat with syndicates?

Posted by UncleFollower > 2 months ago | Report Abuse

Amanah saham to the rescue 😅

Posted by UncleFollower > 2 months ago | Report Abuse

Some light lol

https://theedgemalaysia.com/node/724988

MSM wins deal to export grain sugar to China, aims to deliver 45,000 tonnes this year

Posted by turbochart > 2 months ago | Report Abuse

1.14🤢

Posted by UncleFollower > 2 months ago | Report Abuse

Rebound to my 1.27...regret didnt average down more last Friday 1.15 could have gotten more

Posted by UncleFollower > 2 months ago | Report Abuse

Averaged down at 1.19. Very quiet forum despite the drastic fall eh

Posted by yongyong88 > 2 months ago | Report Abuse

RM1 soon. Can collect from rm1 n below. Patience

Posted by UncleFollower > 2 months ago | Report Abuse

Try la, average down all the way, support bumi malaysia 😎

Posted by UncleFollower > 2 months ago | Report Abuse

1.15 & 1.14 all matched...😰

Posted by UncleFollower > 2 months ago | Report Abuse

The Edge has tried thrice to report positive stuff, not working lol

Posted by UncleFollower > 2 months ago | Report Abuse

Take advantage of this lor. I am going to average down until I have no $. Gluck sugar m



Tp1234

Authority should really check this counter. Already down 50% since last month and yet to bottom up. Other company might issue buy back option but not here. Is this some kind conspiracy going on.

22 minutes ago

Posted by Tp1234 > 2 months ago | Report Abuse

Think logically, this company products are fully supported by Government and are almost say monopoly locally. There are the future of 2 big corporates intending to take over a portion of business. How can it be sell down daily with those obvious figures? Come on don’t take investors to the grave.

Posted by UncleFollower > 2 months ago | Report Abuse

@Tp1234 furthermore there's a limited number of shares to sell...

72.95% holds above 5%, this is FGV and Amanah, they are not selling

Another 21.81% holds >100k shares

Posted by nrama123 > 2 months ago | Report Abuse

MSM is good example for Syndicate Counter ..similar like SCIB

Posted by trader808 > 2 months ago | Report Abuse

The counter is horribly bearish. The bears continue to charge violently with no sign of fatigue. In the next few days it could possibly fall to 105 and below.
Trade wisely
9/9/2024

Posted by Besafe > 2 months ago | Report Abuse

Below RM 1.00 soon. Haha

Posted by UncleFollower > 2 months ago | Report Abuse

What is this 😨



turbochart

Wan old sex😍

30 minutes ago

Posted by turbochart > 2 months ago | Report Abuse

1old6. Play safe boy😍

Posted by KylieTan > 2 months ago | Report Abuse

looks like we can chip in below RM1

Posted by Janus Mun > 2 months ago | Report Abuse

....pure manupulation to its max this counter!

Posted by turbochart > 2 months ago | Report Abuse

103!!!🤔

Posted by Janus Mun > 2 months ago | Report Abuse

0.95-0.99.....

Posted by turbochart > 2 months ago | Report Abuse

9599speedmart?😂

Posted by Besafe > 2 months ago | Report Abuse

Janus@ bolehland. Most of the counters are heavily manipulated. Imagine from Rm 3.70 to Rm 1.00 plus. How many ppl are stucked high? Heartless operator, sharks and IB. Haha

Posted by UncleFollower > 2 months ago | Report Abuse

Itchy hand...added another 1/4 at 1.07. Hopefully I don't regret this 😅

Posted by turbochart > 2 months ago | Report Abuse

99msm vs 99smart 😁

Posted by Loh Kok Wai W > 2 months ago | Report Abuse

all no sugar drinks...less 0.20 cts...

Posted by turbochart > 2 months ago | Report Abuse

Uncle flower 🤣

Posted by trader808 > 2 months ago | Report Abuse

The call warrant will expire in a week time. Today is the beginning of the 5 day VWAP. There is an inclined tendency to push down the price of mother share to render the warrant out of money and mature worthlessly.
Happy trading
17/9/24

Posted by UncleFollower > 2 months ago | Report Abuse

That's the price to pay for bottom fishing, a long period of looking at paper losses while waiting for the inevitable rebound vs. chasing high where one should rightfully see immedaite gains and more gains without much waiting

Posted by UncleFollower > 2 months ago | Report Abuse

You can wait for one more drop to $1 or below before the inevitable rebound, or you can go in now and take some paper losses but not miss the next uptrend. Gluck

Posted by UncleFollower > 2 months ago | Report Abuse

Strong Ringgit addresses raw material and freight cost

Budget'25 adjust sugar price or not nvm, Govt paying this bumi company 24M monthly or 288M yearly

Interest cost is high because of Johor plant, I don't foresee much reduction tho

New Johor warehouse completed only in Aug'24. Ramp up production if they can hit 50% UF results will be better than last few quarters

Importantly, at least 75% held that won't move. Balance 25% shares for such a smallish counter. You can know for sure that it's all in the waiting. When interested parties become interested, it's gonna double again

Posted by turbochart > 1 month ago | Report Abuse

1.19msm vs 1.99smart😁

Posted by turbochart > 1 month ago | Report Abuse

99smart become 299smart!!😂

Posted by meisarel > 1 month ago | Report Abuse

Concur with UncleFollower.

Strong RM should benefit MSM. Will be reflected in the next few quarters

Posted by UncleFollower > 1 month ago | Report Abuse

As much as CEO thinks they are good in hedging, MSM often misses it

So yes it shall take a few quarters. Last quarter, they would have locked in high sugar cost from prior hedging. This quarter onwards they would have averaged down and sugar cost shld be quite favourable now despite NY11 surging

Ringgit they would have hedged way ahead of current strength. So that's another hedging loss that we can't see. Need things to trend a few quarters for them to get it right

Posted by UncleFollower > 1 month ago | Report Abuse

Let's see how budget goes. Govt should address the dichotomy between subsidising MSM/CSR on the one hand to cap sugar price while declaring war on sugar. Cannot like this one la

Posted by meisarel > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/01/higher-export-prices-positive-for-msm

Posted by Josh329 > 1 month ago | Report Abuse

Our sugar price is one of the lowest in the region. Need to tackle a long term solution to sustain the industry.

Posted by Josh329 > 1 month ago | Report Abuse

Momentum is just getting started.

Posted by UncleFollower > 1 month ago | Report Abuse

Agree with Josh, watch out MSM has formed higher lows tho it's very flat and barely visible lol. Bottom reversal in place looking to close the gap back to 1.50 range. Even w hedging loss MSM is inexpensive at 1.70+-I think that'd be the stable price for a while after this rebound 😆

Posted by mf > 1 month ago | Report Abuse

Politics
Israeli forces launch ground offensive in Lebanon as markets eye escalation
Published Tue, Oct 1 202410:01 AM EDT

Posted by newbie9893 > 1 month ago | Report Abuse

I predict MSM & BJFOOD will the the next consumer counters to be goreng up kaw kaw after 99.SMART & LHI....buy only

Posted by newbie9893 > 1 month ago | Report Abuse

MSM lai liao...

Posted by newbie9893 > 1 month ago | Report Abuse

wah...1.27 cleared ...go...go..go

Posted by newbie9893 > 1 month ago | Report Abuse

touched 1.30...go..go..go

Posted by UncleFollower > 1 month ago | Report Abuse

Touched 1.33 if there's a reversal I think we can hold and wait. If it continues charging up the players are back, ride it chase it if you dare 😎

Posted by newbie9893 > 1 month ago | Report Abuse

consumer sector will be the theme to play.....buy MSM, PARKSON, BJFOOD..

Posted by newbie9893 > 1 month ago | Report Abuse

i already bought tons of MSM, PARKSON, BJFOOD last week..to be rewarded very soon