MALAYAN FLOUR MILLS BHD

KLSE (MYR): MFLOUR (3662)

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Last Price

0.825

Today's Change

-0.005 (0.60%)

Day's Change

0.81 - 0.825

Trading Volume

3,514,900

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Revenue

238

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110

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238

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238

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238

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Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Discussions
23 people like this. Showing 50 of 7,303 comments

Good123

2023-12-27

Blog

MFM Says MyCC’s Finding Is Without Merit; to File An Appeal

2023-12-28 10:47

Good123

accumulate in stages//// buy when others are fearful :)

2023-12-28 10:47

Good123

direct deal this year

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
05/01/2023 00:00:00 0.7300 -0.0100 1.979m 5.877m 1.445m 4.290m 0.7300 0.1940 -
05/01/2023 00:00:00 0.7300 -0.0100 1.000m 5.877m 730,000 4.290m 0.7300 0.0980 -
05/01/2023 00:00:00 0.7300 -0.0100 1.900m 5.877m 1.387m 4.290m 0.7300 0.1862 -
05/01/2023 00:00:00 0.7300 -0.0100 998,000 5.877m 728,540 4.290m 0.7300 0.0978 -

2023-12-28 10:50

Good123

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS STRATEGIC PARTNERSHIP WITH TYSON INTERNATIONAL HOLDING COMPANY (TYSON) IN CONJUNCTION WITH THE DISPOSAL OF 49% EQUITY INTEREST IN DINDINGS TYSON SDN BHD (DTSB), A WHOLLY-OWNED SUBSIDIARY OF MALAYAN FLOUR MILLS BERHAD (MFM OR THE COMPANY), TO TYSON FOR A DISPOSAL CONSIDERATION OF UP TO RM420,000,000 TO BE SATISFIED WHOLLY BY CASH
MALAYAN FLOUR MILLS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description STRATEGIC PARTNERSHIP WITH TYSON INTERNATIONAL HOLDING COMPANY (TYSON) IN CONJUNCTION WITH THE DISPOSAL OF 49% EQUITY INTEREST IN DINDINGS TYSON SDN BHD (DTSB), A WHOLLY-OWNED SUBSIDIARY OF MALAYAN FLOUR MILLS BERHAD (MFM OR THE COMPANY), TO TYSON FOR A DISPOSAL CONSIDERATION OF UP TO RM420,000,000 TO BE SATISFIED WHOLLY BY CASH
We refer to the announcements dated 10 February 2021, 28 May 2021, 1 June 2021, 26 October 2021 and 16 August 2022, as well as the circular to the shareholders of MFM dated 26 April 2021 (“Circular”) in relation to the Strategic Partnership. Unless otherwise stated, all definitions and abbreviations in this announcement shall have the same meanings as set out in the Circular.
The Board of Directors of MFM wishes to announce that the Company has received a letter dated 13 December 2023 from Tyson together with a First Earnout Account prepared based on the audited financial statements of DTSB Group for FYE 2022. The Company and Tyson have agreed on the following terms and conditions in respect of the First Earnout Consideration:

(1) The estimated First Earnout Consideration was RM140 million;

(2) The EBITDA for FYE 2022 of RM144.453 million was greater than the targeted EBITDA of RM141 million, hence no deduction to the First Earnout Consideration; and
(3) As the net Debt for FYE 2022 amounting to RM84.874 million was higher than the targeted net Debt of RM44 million by RM40.874 million, the variance is multiplied by 49% to arrive at the amount of RM20.028 million which was deducted and arrived at the adjusted First Earnout Consideration of RM119.972 million.

Accordingly, MFM has received RM119.972 million from Tyson for the First Earnout Consideration on 13 December 2023.

The First Earnout Consideration together with the Initial Consideration are RM289.916 million which form part of the aggregate Disposal Consideration.
Accordingly, the revised utilisation of the First Earnout Consideration is as follows:

Details of utilisation Proposed utilisation as set out in the Circular Variation Revised utilisation Estimated utilisation timeframe from the receipt of proceeds
RM’million RM'million RM'million
Repayment of bank borrowings 140 20.028 119.972 Within 6 months from the receipt of the proceeds
Total 140 20.028 119.972
Pending the utilisation of the proceeds by the Company, the proceeds will be placed in interest-bearing deposit accounts with financial institutions or short-term money market instrument(s) as our Board may deem fit.

This announcement is dated 13 December 2023.





Announcement Info
Company Name MALAYAN FLOUR MILLS BERHAD
Stock Name MFLOUR
Date Announced 13 Dec 2023
Category General Announcement for PLC
Reference Number GA1-13122023-00018

2023-12-28 11:04

Good123

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Save Print Back

3662 MFLOUR MALAYAN FLOUR MILLS BHD
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Shareholder
Name : AZLIN BINTI ARSHAD
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Malaysia
Address:
-
Descriptions (Class and Nominal Value):
Ordinary share
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 18/10/2023
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 03/10/2023 Acquired 24,871,170 -
Circumstances by reason of which change has occurred:
Transfer of Shares pursuant to the Letter of Administration dated 15 August
2023 granted by the Court on 4 September 2023.
Nature of Interest:
Direct Interest
Consideration:

No of Shares Held After Changes:
Direct : 42,552,920 shares (4.1600%)
Indirect/Deemed Interest : 31,239,800 shares (3.0500%)
Total : 73,792,720 shares
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

25/10/2023 07:00 AM


Ref Code: 202310253800070

2023-12-28 11:09

Good123

Consensus Target PriceRM0.80
DifferenceRM0.17
Potential Gain/Loss (%)25.98%
Consensus Date23 Nov 2023
Outperform

2023-12-28 11:39

Good123

Ownership Type (As of Latest Filing)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Individual Investor 16 26.68 272.27 47.23
Corporation 13 21.91 223.60 38.79
Government Agency 2 2.5 25.48 4.42
Mutual Fund 43 2.3 23.50 4.19
Investment Advisor 10 2.1 21.43 3.62
Investment Advisor/Hedge Fund 4 1.41 14.47 1.96
Holding Company 1 0.87 8.84 1.53

2023-12-28 11:39

Good123

2024: Interest rate Down, usd Down, import cost for raw materials, etc Down...

More tourists: roti & flour UP... Profit will fly in 2024

2023-12-28 12:00

Good123

Peluang untuk membelinya. Kalau bukan kes sampah tu, harga tak kan turun. Bila memang kes nanti , naik 10-20sen balik pulak .

2023-12-28 14:02

Good123

Once in a lifetime punya chance. Makan kau wakaka

2023-12-28 14:03

Good123

Robert kuok control punya syarikat... Semasa mco, derma banyak barang untuk menolong b40, dll...

2023-12-28 14:05

Good123

Bagus, kita lawan. Bila dah menang kes, terus terbang 20sen, dll :)


KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) and its joint venture company, Dindings Poultry Development Centre Sdn Bhd, are in consultation with their external legal counsel to challenge the Malaysia Competition Commission’s (MyCC) decision to impose a penalty of RM70.02mil for a price-fixing infringement.

In a filing with Bursa Malaysia yesterday, the companies claimed that the commission’s finding of infringement was without merit.

“MFM and Dindings Poultry will take the necessary and appropriate action to appeal the decision and apply for a stay of the decision in the interim,” it said.

Last week, MyCC said it had imposed a penalty of nearly RM415.5mil against five poultry feed manufacturers for infringing Section 4 of the Competition Act 2010 (Act 712) by forming a price-fixing cartel for poultry feed.

“The companies were Leong Hup Feedmill (M) Sdn Bhd, FFM Bhd, Gold Coin Feedmills (M) Sdn Bhd, Dindings Poultry Development Centre Sdn Bhd and PK Agro-Industrial Products (M) Sdn Bhd,” it said.

The commission said its investigation uncovered evidence of identical increments in poultry feed prices among the parties from January 2020 to June 2022, in addition to the conciusion that the five enterprises had employed a calculated strategy to create the illusion of rising poultry feed costs due to hikes in raw material costs. — Bernama

2023-12-28 14:49

Good123

Mflour sentiasa untung & bagi dividen, bukan msm haha

2023-12-28 16:18

Good123

Beli in stages , tak mampu time pasaran perfectly

2023-12-28 16:19

Good123

sure rebound punya... lawan MyCC, terindah ... usah tunduk kerana benar... terbaik... tutup pada 84.5sen... bagus

2023-12-28 16:55

Good123

Good price 64sen... Mflour, yearly profit n dividend takda isu, set up by Robert kuok.tak macam msm yg asyik rugi selepas dijual kepada felda :)

2023-12-29 11:11

Good123

sentiasa ada dividen, dll.. apa kamu mau lagi? :)
30-Aug-2023 14-Sep-2023 DIVIDEND Interim Dividend RM 0.0150
27-Feb-2023 13-Mar-2023 DIVIDEND Second Interim Dividend RM 0.0150
25-Aug-2022 08-Sep-2022 DIVIDEND Interim Dividend RM 0.0150
28-Feb-2022 14-Mar-2022 DIVIDEND Interim Dividend 0.0200%
26-Feb-2021 12-Mar-2021 DIVIDEND Interim Dividend RM 0.0100
27-Feb-2020 12-Mar-2020 DIVIDEND Second Interim Dividend RM 0.0180
23-Dec-2019 08-Jan-2020 INTEREST Coupon Payment 5.0000%
14-Aug-2019 28-Aug-2019 DIVIDEND Interim Dividend RM 0.012
27-Feb-2019 13-Mar-2019 DIVIDEND Second interim dividend RM 0.01
12-Dec-2018 24-Dec-2018 RIGHTS_ISSUE Rights Issue 2 : 5
12-Dec-2018 24-Dec-2018 RIGHTS_ISSUE Rights Issue 3 : 10
17-Aug-2018 04-Sep-2018 DIVIDEND Interim Dividend RM 0.02
28-Feb-2018 14-Mar-2018 DIVIDEND Second interim dividend RM 0.035
31-Aug-2017 30-Aug-2017 DIVIDEND Interim Dividend RM 0.03
23-Feb-2017 08-Mar-2017 DIVIDEND Interim Dividend RM 0.035
17-Aug-2016 29-Aug-2016 DIVIDEND Interim Dividend RM 0.03
24-Feb-2016 09-Mar-2016 DIVIDEND Second interim dividend RM 0.0200
06-Aug-2015 19-Aug-2015 DIVIDEND Interim Dividend RM 0.0200
23-Feb-2015 09-Mar-2015 DIVIDEND Second interim dividend RM 0.035
22-Aug-2014 05-Sep-2014 DIVIDEND Interim Dividend RM 0.03
20-Nov-2013 02-Dec-2013 DIVIDEND Second interim dividend RM 0.06
21-Aug-2013 02-Sep-2013 DIVIDEND Interim Dividend RM 0.03
27-Feb-2013 11-Mar-2013 DIVIDEND Interim Dividend RM 0.03
21-Mar-2012 02-Apr-2012 DIVIDEND Special Dividend RM 0.62
21-Mar-2012 02-Apr-2012 RIGHTS_ISSUE Rights Issue 2 : 2

2023-12-29 14:53

Good123


History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
05/01/2023 00:00:00 0.7300 -0.0100 1.979m 5.877m 1.445m 4.290m 0.7300 0.1940 -
05/01/2023 00:00:00 0.7300 -0.0100 1.000m 5.877m 730,000 4.290m 0.7300 0.0980 -
05/01/2023 00:00:00 0.7300 -0.0100 1.900m 5.877m 1.387m 4.290m 0.7300 0.1862 -
05/01/2023 00:00:00 0.7300 -0.0100 998,000 5.877m 728,540 4.290m 0.7300 0.0978 -
22/12/2022 00:00:00 0.8300 0.0150 100,000 100,000 83,000 83,000 0.8300 0.0098 -
01/12/2022 00:00:00 0.7300 -0.0650 1.400m 2.000m 1.022m 1.460m 0.7300 0.1372 -
01/12/2022 00:00:00 0.7300 -0.0650 600,000 2.000m 438,000 1.460m 0.7300 0.0588 -
29/11/2022 00:00:00 0.7300 0.0250 1.200m 3.000m 876,000 2.190m 0.7300 0.1176 -
29/11/2022 00:00:00 0.7300 0.0250 1.800m 3.000m 1.314m 2.190m 0.7300 0.1765 -

2023-12-29 14:58

idunwork

A good 10% play counter

2023-12-29 14:58

Good123

KUALA LUMPUR (Dec 30): Bursa Malaysia is likely to trend higher in the first week of 2024 with a mild upside, to be driven by banking and technology stocks.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan expects the local market to trend between 1,450 and 1,460 next week with some bargain hunting likely to emerge.

"Furthermore, we see the year-end Christmas rally driven by feel-good factors and window dressing as well as overnight strength from Wall Street, coupled with signs that inflation has retreated and interest rate is expected to go down,” he told Bernama.

He also noted that the trading volume had surged past four billion units and market breadth has been positive, therefore, the market could be bullish next week.

Looking ahead to 2024, Rakuten Trade equity research vice-president Thong Pak Leng said the brokerage firm holds a positive view on the performance of Malaysian equities, buoyed by the prospect that the US Federal Reserve is set to begin interest rate cuts and the return of foreign funds to the region.

"We anticipate the FTSE Bursa Malaysia (FBM KLCI) to linger around the 1,590 mark, based on the prevailing valuation premised on 2024 estimates, and could test the 1,650 level," he said.

For next week, he projects further upward potential if the FBM KLCI Index surpasses the 1,465-resistance line.

"As such, we expect the index to trend within the 1,450-1,470 range next week, with immediate support at 1,450 followed by 1,440," he said.

For the holiday-shortened week just ended, Bursa Malaysia traded mixed amid muted trading as investors continued to stay on the sidelines due to the holidays, amid mild bargain-hunting activities after the recent sell-off.

On a Friday-to-Friday basis, the FBM KLCI rose marginally by 0.28 of-a-point to end the week at 1,454.66 versus 1,454.38 a week ago.

On the index board, the FBM Emas Shariah Index lost 27.86 points to 10,988.71, the FBM 70 Index fell 3.86 points to 14,612.98, while the FBM ACE Index went up 105.83 points to 5,322.03, the FBM Emas Index gained 3.78 points to 10,823.70, and the FBMT 100 Index was 0.79 of-a-point better at 10,485.72.

Sector-wise, the Industrial Products and Services Index inched up 0.23 of-a-point to 172.99, the Financial Services Index added 55.95 points to 16,303.04, while the Energy Index slid 0.87 of-a-point to 817.73 and the Plantation Index shed 28.49 points to 7,007.96.

Bursa Malaysia ended the week with a lower turnover of 15.11 billion units worth RM9.38 billion versus 18.39 billion units worth RM12.04 billion in the preceding week.

The Main Market volume shrank to 9.41 billion shares valued at RM8.10 billion against 10.75 billion shares valued at RM10.40 billion in the previous week.

Warrants turnover tumbled to 1.54 billion units valued at RM187.57 million from 3.04 billion units valued at RM356.87 million last week.

The ACE Market volume declined to 4.03 billion shares worth RM1.08 billion compared to 4.44 billion shares worth RM1.28 billion previously.

2023-12-31 09:56

Good123

as developed markets approach their peak cycle, risk appetite is expected to return to the emerging market (EM) space

2024-01-02 08:20

Good123

Good buy uptrend

2024-01-04 09:28

Good123

PE below 10, sapu je

2024-01-04 09:29

Good123

Mflour below RM1, msm sentiasa rugi pun rm1.3++ :)

2024-01-04 09:34

katara

bottom ..

2024-01-09 13:38

raymond96

my birthday n Chinese New Year are coming soon , there will be a steep spike in flour demand n thereafter extra profit for MFL

2024-01-22 22:29

hng33

Today also bought MFL at 65.5-66sen

2024-02-22 22:20

9sunbeam

involve in poultry 😎

2 months ago

hng33

sold back all at 66-67sen

2 months ago

curiousq

13. Performance Review
(ii) In Q4 2023, a fair value loss on remeasurement of contingent receivable of RM71.1 million was recognised as compared to a write back on remeasurement of contingent receivable of RM8.8 million recognised in Q4 2022;

2 months ago

ExchangeTower

https://jatimupdate.id/amp/baca-7255-permendag-terbitkan-penerapan-aturan-barutepung-terigu-bakal-langka-dan-harga-melambung-naik

Indonesia is in a situation where the country face shortage of wheat flour. The price of wheat flour is expexted to increase rapidly.

One of the biggest wheat flour manufacturer has stock until June 2024 only. This company is PT Bungsari Flour Mill, where Malayan Flour Mill has 30% ownership.

Will wheat be the next commodity supercycle coming, like palm oil, gold, copper, aluminium?

1 month ago

YCChan

https://theedgemalaysia.com/node/708225

Sounds like management has a good plan

1 month ago

bowman

Tenkansen crossover just happened signalling the bullish trend coming.

2 weeks ago

hhhiii123

time to topup, hehe

2 weeks ago

idunwork

Over 10% already. Keep for more this round.

1 week ago

bowman

As expected, it is on the rise after being stuck in the doldrums. Pay attention to its move in the coming days. Should breach the 0.79 mark before end of the month given the buyers in control situation.

1 week ago

hhhiii123

government may cut the price ceiling for flour, if true then LU, hehe

1 week ago

bowman

This stock is going back to reclaim its Dec 7, 2022, high of 80.5. Charts are positive, price way above the cloud with strong buyer support. Anticipation of profitability of flour prices in near future, it should chart new high in next two weeks.

1 week ago

bowman

About time to be among giants

https://theedgemalaysia.com/node/712082

6 days ago

hhhiii123

Monday LU, superb QR,hehe

6 days ago

Sohailau

Hehehe

4 days ago

bowman

Expected. More room ahead. All signs are good. Charts are strong, signalling good fundamentals backed by buyers in control. Lots of ceiling room

4 days ago

katara

1 and above..

4 days ago

Sohailau

Very good very good. Come come 70 and below

4 days ago

Cockcroach

This stock worth keeping till at least 1.50

4 days ago

EngineeringProfit

Finally back here after selling above rm2 years ago....

3 days ago

sugerdad

小麥起价對mflour有好处還是壞處

3 days ago

bowman

4pm should show some action

6 hours ago

Sohailau

70c action hahaha

6 hours ago

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