RHONE MA HOLDINGS BERHAD

KLSE (MYR): RHONEMA (5278)

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Last Price

0.67

Today's Change

-0.01 (1.47%)

Day's Change

0.66 - 0.68

Trading Volume

99,600


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441 comment(s). Last comment by Peace99 1 week ago

Posted by wallstreetrookie > 2022-02-03 23:09 | Report Abuse

You know what to do tomorrow. AVAT delta up. Slap the ask and let's go

Posted by wallstreetrookie > 2022-02-04 10:14 | Report Abuse

Insiders accumulate while traders build positions.

Check FA on Terminal

Posted by veterinarian > 2022-02-04 16:19 | Report Abuse

投资在你真正懂的东西上

Got_Milk

36 posts

Posted by Got_Milk > 2022-02-06 22:59 | Report Abuse

Gong Xi Fa Cai 恭喜发财

Maybank's Feng Shui Guide to Prosperity 2022 Year of the Water Tiger:

https://klse.i3investor.com/blogs/investing_for_the_future/2022-02-06-story-h1598338788-Maybank_s_Feng_Shui_Guide_to_Prosperity_2022_Element_Sector_Winner_Pick.jsp

Posted by veterinarian > 2022-02-08 23:25 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING RHONE MA HOLDINGS BERHAD ("RMH" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 28,120,300 NEW ORDINARY SHARES IN RMH ("RMH SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 10% OF THE ENLARGED NUMBER OF ISSUED SHARES OF RMH AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of RMH (“Board”), Public Investment Bank Berhad (“PIVB”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Please refer to the attachment for further details on the Proposed Private Placement.

This announcement is dated 8 February 2022.


Attachment
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=123001&name=EA_GA_ATTACHMENTS

Posted by wallstreetrookie > 2022-02-10 15:23 | Report Abuse

One of my friends, 10 year veterinarian, told me to buy Rhone-Ma. Of course I believed him

dompeilee

11,887 posts

Posted by dompeilee > 2022-02-10 16:31 | Report Abuse

Bought more Rhonema @ 72c. Recommended 2 premium clients.

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 12:45 | Report Abuse

Some old news just to share

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 12:45 | Report Abuse

Gogo Rhone ma

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 12:46 | Report Abuse

Son still quite long to maturity in 2016

rikki

2,019 posts

Posted by rikki > 2022-02-11 12:50 | Report Abuse

Hugh expansion in Nilai, Kapar & Jv with Kulim in Johore.

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 13:04 | Report Abuse

Indeed

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 13:08 | Report Abuse

2020 news but v interesting read

Blacksails

762 posts

Posted by Blacksails > 2022-02-11 13:15 | Report Abuse

Short term, do not buy above 80 sen. Buy now would be fine.

thesteward

6,740 posts

Posted by thesteward > 2022-02-11 13:34 | Report Abuse

2018 news

Got_Milk

36 posts

Posted by Got_Milk > 2022-02-11 15:16 | Report Abuse

Rhonema a billon dollar company in the making. Fully integrated dairy producer - upstream, midstream and downstream

Peace99

2,195 posts

Posted by Peace99 > 2022-02-11 17:01 | Report Abuse

Well done! As mentioned, 2 liters of milk selling for like 6sgd in Singapore!

Posted by wallstreetrookie > 2022-02-11 17:31 | Report Abuse

People that you must follow on i3 list
1. Pang72: Contra God
2. Paktua: WhatsApp Pump and Dump God
3. Calvin: "I told you so, buy this company that I recommend instead"
4. Dompeilee: Appears in literally every stock that limit up Insider Trading God (I bought xxx two months ago and now it's up I am a God)
5. mf: Robot/AI God

Peace99

2,195 posts

Posted by Peace99 > 2022-02-11 19:08 | Report Abuse

Just to clarify, if you buy just one liter of milk, it's ~3.50sgd. If buy 2 liters, got discount.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2022-02-11 20:38 | Report Abuse

消息:Farm Fresh IPO吸引30基石投资者

消息人士透露,本地知名乳制品生产商Farm Fresh公司的首次公开募股(IPO),吸引了近30家基石投资者。

https://www.enanyang.my/node/458994

Got_Milk

36 posts

Posted by Got_Milk > 2022-02-12 13:40 | Report Abuse

With the FarmFresh IPO, Mr Market and the public will finally realize that:

Fresh Milk = Liquid Gold

thesteward

6,740 posts

Posted by thesteward > 2022-02-13 22:54 | Report Abuse

V few retailers

Posted by wallstreetrookie > 2022-02-14 06:03 | Report Abuse

Been following Rhone-Ma's social media and contacted management. Had a great conversation and think the company will do well. Will buy more this week.

emsvsi

3,508 posts

Posted by emsvsi > 2022-02-14 07:21 | Report Abuse

The Farm Fresh IPO will increase interest. By then share price will be above RM1...but the market wont realize that using FarmFresh as a ballpark figure Rhonema's dairy milk division alone is worth much higher...

Posted by wallstreetrookie > 2022-02-15 15:32 | Report Abuse

Don’t let them shake you out

Posted by wallstreetrookie > 2022-02-15 15:33 | Report Abuse

Insiders bought a ton of shares at 0.72. Be patient

Got_Milk

36 posts

Posted by Got_Milk > 2022-02-15 16:52 | Report Abuse

AIA, Aberdeen Said to Be Among Cornerstones in Farm Fresh IPO
- Malaysian dairy producer seeking about $239 million [RM 1 billion] from sale
- Great Eastern Life, Templeton also among about 30 investors
February 11, 2022, 5:03 PM GMT+8

Malaysian dairy producer Farm Fresh Bhd. has attracted almost 30 cornerstone investors including Aberdeen Standard Investments and AIA Group Ltd. in a planned initial public offering, according to people with knowledge of the matter.

Great Eastern Life Assurance, Franklin Templeton Investment and some Malaysian state funds have also signed on, the people said, asking not to be identified discussing confidential information. The first-time share sale is expected to raise about 1 billion ringgit ($239 million), the people said.

https://www.bloomberg.com/news/articles/2022-02-11/aia-aberdeen-said-to-be-among-cornerstones-in-farm-fresh-ipo

Got_Milk

36 posts

Posted by Got_Milk > 2022-02-15 16:55 | Report Abuse

Farm Fresh inks IPO underwriting agreement
theedgemarkets.com
February 15, 2022 12:54 pm +08

https://www.theedgemarkets.com/article/farm-fresh-inks-ipo-underwriting-agreement

KUALA LUMPUR (Feb 15): Dairy producer Farm Fresh Bhd has signed an underwriting agreement in conjunction with its initial public offering (IPO) on the Main Market of Bursa Malaysia Securities.

In a statement on Tuesday (Feb 15), Farm Fresh said it signed the agreement with CIMB Investment Bank Bhd (CIMB IB), Maybank Investment Bank Bhd, Affin Hwang Investment Bank Bhd, AmInvestment Bank Bhd, Hong Leong Investment Bank Bhd and RHB Investment Bank Bhd.

The IPO — of up to 743.2 million ordinary shares in Farm Fresh — comprises an offer for sale of up to 520.2 million existing shares (offer shares) and a public issue of 223 million new shares.

The 743.2 million IPO shares comprise an institutional offering of up to 687.4 million IPO shares and a retail offering of 55.7 million issue shares.

Farm Fresh is expected to be listed in the first quarter of 2022.

https://www.theedgemarkets.com/article/farm-fresh-inks-ipo-underwriting-agreement

Posted by wallstreetrookie > 2022-02-17 09:45 | Report Abuse

Insiders will keep suppressing the share price. Unfortunately too many retail investors bought in after the news article released by The Edge. I was forced to take some risks off so now expect no movement in the short term

Posted by wallstreetrookie > 2022-02-18 06:04 | Report Abuse

Insiders have not dumped. Hold and buy in small sizes every day. Keep collecting until the end of Q2 2022. Small caps especially Malaysia will outperform this year

Posted by wallstreetrookie > 2022-02-18 06:07 | Report Abuse

Short term pain, long term gain.

rikki

2,019 posts

Posted by rikki > 2022-02-18 10:41 | Report Abuse

Farm Fresh's RM2 bil IPO valuation appears justified, say analysts
https://www.theedgemarkets.com/article/farm-freshs-rm2-bil-ipo-valuation-appears-justified-say-analysts

thesteward

6,740 posts

Posted by thesteward > 2022-02-18 11:05 | Report Abuse

If break 79 this round I believe mother n son could spike

emsvsi

3,508 posts

Posted by emsvsi > 2022-02-20 19:19 | Report Abuse

Share price hit all time high of RM 1.47 on 22/5/2017

Quarter: PBT
1Q17: 4.22 million
2Q17: 4.31 million
3Q17: 4.39 million
4Q17: 4.14 million
Financial Year-End December

Rhone Ma delivered all time high PBT of 4.84 million for 3Q21 released on 16/11/2021

Current share price of RM 0.765 is only about half even though PBT is higher

This has not included the new GMP compliant plant with 4 times higher capacity (2500 tonne) in Nilai which has already been completed, compared to the existing plant in Petaling Jaya (637 tonne)

Nich996

7 posts

Posted by Nich996 > 2022-02-22 21:35 | Report Abuse

New high net profit should have recorded if not deferred tax liability of RM1.4 million. Hence new high PBT of RM5.5 million is a better reference for 4Q21 QR. Congrats for fantastic QR and shall see company keep improving at least fundamentally. Share price will reward the shareholder one day once market discover this gem. Cheers

Posted by wallstreetrookie > 2022-02-22 21:38 | Report Abuse

Welp, didn't beat my EPS estimates.

emsvsi

3,508 posts

Posted by emsvsi > 2022-02-22 21:57 | Report Abuse

B5. Tax expense

Current year quarter Preceding year quarter

31/12/2021 31/12/2020
RM’000 RM’000
Deferred tax
Origination of temporary differences
1,426 19

The effective tax rates of the Group for the current quarter and financial year-to-date of 37.18% and 28.89% respectively were higher than the statutory tax rate of 24.00% as certain subsidiaries were in loss making positions and that certain expenses were not allowable for tax purposes.

thesteward

6,740 posts

Posted by thesteward > 2022-02-22 22:06 | Report Abuse

Yes you are right . Highest PBT this q n revenue.

emsvsi

3,508 posts

Posted by emsvsi > 2022-02-22 22:08 | Report Abuse

Adjusting for the one off temporary differences PAT would have been RM4.6 mil which is a record high. Moving forward full year tax rate should be at the statutory 24% instead of 28.9%. Full contributions from new GMP plant to come

Nich996

7 posts

Posted by Nich996 > 2022-02-22 23:35 | Report Abuse

however please beware that the dairy business is making loss this quarter, which I guess probably due to rising raw material price or labour cost. Hopefully company can scale up the diary business to achieve economics of scales or pass the cost to customers.

thesteward

6,740 posts

Posted by thesteward > 2022-02-23 09:46 | Report Abuse

Once break 79 warrant could spike

Posted by teareader818 > 2022-02-28 15:39 | Report Abuse

@ Got_Milk, if Farm Fresh is priced at 1.35, is Rhonema undervalued?


Got_Milk Rhonema a billon dollar company in the making. Fully integrated dairy producer - upstream, midstream and downstream

Noni

619 posts

Posted by Noni > 2022-02-28 17:14 | Report Abuse

When breaking?

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