MBSB BANK: Seal chilled water supply agreement. Malaysia Building Society (MBSB) has entered into a chilled water supply agreement with PJ Sentral DCS SB for the supply of chilled water to an office building located at Petaling Jaya for a period of 20 years from Dec 1, 2020, at an estimated total consideration of up to RM73.41m. (Bernama)
FrieslandCampina, one of the world largest dairy companies, is the largest shareholder in DLady (>50% shareholding), has been transferring cutting edge and robust milk production technology to DLady Malaysia, and therefore, not only transforming DLady milk the most nutritious and the safest to drink, but also the most cost effective in the ever competitive market. Milk quality and safety of FrieslandCampina (DLady) are recognised worldwide by obtaining GMP and HACCP certificates. Interestingly, Friso Gold/ MaxGro products are one of the best seller milk powders for the newborn, toddler, and children. DLady also producing Frisomum for the consumption of pregnant and lactating mums. There are also a variety of DLady fresh milk and yogurts for teenagers and adults to enjoy consuming. Hence, DLady products cater for all, from newborn to adulthood. Not to forget, DLady able to maintain great track record of more than 70% dividend payout for the past 5 years.
Comparing with Farmfresh, local dairy company, selling expensive, beyond affordable, milk to locals with disputable quality, questionable R&D, poorer cash reserve comparatively, no dividend payout track record (claiming 25% dividend payout in the future). We hv doubt in such small company can strive out in fighting the market share among DLady, Nestle and F&N.
Farmfresh IPO going to be superbly oversubscribe and going to have plenty of cash to grow and expand. The real facts, Farmfresh milk are much fresher, lesser preservative and better than Dlady milk. Many established cafes such as Starbucks is using better and fresher milk of Farmfresh instead of Dlady milk. More and more cafes are switching from dlady milk to farmfresh milk. Farmfresh has better farm and better breed of cows compared to dlady. The mentality of foreigners is better than locals were over. Dlady must step aside for Farmfresh. soon, dlady will goes under 30.00 especially after the listing of FarmFresh.
Dutch Lady's last Qtr results are certainly encouraging. However, I think it is still too early to say if the company has turned the bend. While the Q-on-Q results are good, the operating margins are still low compared to 2016. This is the most critical factor, to me.
Does anyone here know what the company is doing to improve its margins?
'Bain Capital and Carlyle are interested in taking over Friso from FrieslandCampina' 24-01 14:51 | source: FoodPro Network
AMERSFOORT - The Canadian Bain Capital and the American Carlyle Group are interested in acquiring the Friso dairy brand from FrieslandCampina. In addition, Baring Private Equity Asia is seen as a potential buyer. There would also be interest from the Chinese dairy company Shijiazhuang Junlebao Dairy, according to Bloomberg .
Estimates of the value of the activities through the Friso brand range from 1 to 2 billion dollars. FrieslandCampina is said to be preparing a possible sale together with investment bank JPMorgan. The first round of bidding should take place in the coming weeks.
It is not certain whether all interested parties will actually make an offer, according to the sources. In addition, new interested parties can also register.
Divident is reduced due to capex expansion .... selling their infant nutrition ... no new product introduced ..new factory no news .. as usual due to covid will be delayed ... not much positive news ... better buy other FMCG stock..dying business
The Company recorded 3.3% higher revenue resulting from continued strong commercial execution, which increased the penetration of our milk consumption in Malaysia. Like-for-like Operating Profit (excluding land & buildings sales and accelerated depreciation of assets) increased 53% in the quarter, where strong demand for Dutch Lady products, lower brand investments were partially offset by significantly rising prices of global dairy raw materials.
Dividend will be reduced for a long time ...it’s obvious they cannot manage the cost and blame inflation ..... their operational cost management is very bad... Old lady should start to manage their cost and introduce innovative product for now better buy Carlsberg or HEIM … Will not touch for now ….
It will be similar to BAT few years back and it will became a trading company no wonder the price keep going south,bat was 70 before closing down the factory in pj since then all the way to around the price of today
Dutch Lady Milk Industries Bhd’s (DLMI) net profit for the third quarter ended Sept 30, 2022 rose 19.74% to RM24.4 million, from RM20.38 million a year earlier, on robust demand for the group’s products, higher sale prices and strong cost management actions. However, this was partially offset by escalating prices for global dairy raw materials and negative foreign exchange results due to the weakening ringgit against the US dollar. Quarterly revenue rose 16.2% to RM337.77 million from RM290.66 million, mainly driven by continued strong demand for milk as an essential product and necessary price increases to offset strong inflationary headwinds. DLMI declared a second interim dividend of 25 sen per share, to be paid on Dec 13.
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....