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Today's Change

+0.03 (2.24%)

Day's Change

1.35 - 1.37

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16 people like this. Showing 50 of 7,221 comments


Production in Mexico started in July. Factory utilization reaches 30% to 35% by this year end. Factory utilization reaches 60% next year provided everything goes smooth. Thus revenue and profit (from Mexico) will kick in into Able account slowly but surely moving forward.

Despite SQF certified, and with current utilization rate this year and next year, I guess it is unlikely to sell product to Walmart yet. Mexico and her surrounding neighbour countries have enough population to cater for the demands.
Selling products to Walmart means Able Mexico needs massive production (100% utilization, or perhaps another new factory setup). It is just a matter of time Able's products reach Walmart.
Just like Lao Tzu said "The journey of a thousand miles (to USA) begins with a single step (start from Mexico).

2021-12-01 21:39


price quite stable and didnt drop much for me to top up even though the qtr result is not that good

2021-12-02 17:36


回顾 2017 年,Johore Tin 透过旗下子公司 Able Dairies 注资在 Able Dairies Mexico,并手持 40%的股权。

其他 60%股权则由 2 位现有企业客户和另 1 位私人伙伴持有,联手在当地设立炼乳厂。
在 2019 年,Johore Tin 进一步注资入 Able Diaries Mexico,并将持股率提升至 43%+,前后累积投
入大约 RM23m 的资金。根据计算,该座墨西哥厂房的总投资成本约为 RM50m,包括购买土地、

目前,该座新厂房已准备就绪投入商业运作,设计产能为每年 120,000 吨,主要专攻墨西哥邻国
的市场。内部目标是在第一年实现 30-50%的使用率,之后在第二年实现 60-70%。
据了解,只要达到 30%使用率,墨西哥厂房即可达到收支平衡。初期的产量已确认将由墨西哥、

Johore Tin 的 2 位合资伙伴主要是墨西哥著名的食品开发商和营销商。透过他们广泛的分销网络和
现成市场,其自有品牌 Able Farm 有望在当地开拓市占率。


目前,墨西哥大约 70% 的乳制品市场由雀巢 Nestle 统治。这项合资计划将使 Johore Tin 有能力与

值得一提,Johore Tin 的大马厂房每年能生产 160,000 吨的乳制品,并且创造 RM40m 左右的营运
盈利。假设以相同比例计算,其墨西哥 120,000 吨的合资厂房一年有能力创造 RM30m 利润。

2021-12-13 21:18


Do u guys see Able Farm products in local supermarkets and kedai runcit?

Thinking to re-enter this stock

2021-12-27 10:59


Seems that they are selling their products on Shopee already

2021-12-27 11:19


can find Able Farm products in TF Value-Mart

2021-12-27 15:21


Recently bought a tin of Able Farm evaporated milk at Econsave. There are quite a lot of different brands so I think the competition is stiff. Other brands such as Marigold sells the same product at much higher price. The cheapest one I think is Teapot. I stood there for almost 20 minutes to observe. Througout the observation period 2 customers bought the product. The first customer said, "let's choose the cheaper one" then he took a non Able Farm product. The second customer came after a few minutes and he loaded his trolley with many Teapot sweetened condensed milk. So it makes me think that most of the customers looking for sweetened condensed milk or evaporated milk are price-sensitive. For those who have high income, they might choose the premium brand such as Marigold. Hence, I think, if one wants to be successful in selling these product, it has to be either the cheapest or best quality. What is your thought? (I do hold some shares of Able Global, I hope this company to do well, but I see no good avantage it has over its competitors at local market in Malaysia.)

2021-12-27 21:44


That's what I felt too.

Their brand is not well known (yet).

Middle and upper class ppl won't buy.

Yet people who want cheapest won't buy them.

Unless their export sales is bigger than domestic sales...

2021-12-28 15:07


The information on the disaggregation of revenue based on geographical region is summarised below:-

At a Point in Time

Africa - 77,472,123
Asia - 190,431,251
Central America - 80,057,780
Europe - 5,151,148
Malaysia - 148,564,256
Others - 583,166
Total - 502,259,724

(From annual report 2020)

So yes, their export sales is more significant. Cannot just judge their f&b products solely based on Malaysia market. But for sure, they focusing on low end market.

2021-12-28 23:43


Thanks Barney!

2021-12-29 10:30



2021-12-31 08:22


I'm officially back in this stock

2021-12-31 09:19


was going through the products again, and then I noticed they dont use words like 'Organic', 'Natural'.... and their packaging lack of design show cows grazing grass etc.

If want to go up market, need to redesign the packaging. need to have premium look, now too kiddy looking.

2022-01-16 11:04


What organic, what natural stuff are you talking about??
A smart consumer will always look at the Nutrition Facts at the packaging for all relevant information, rather than the gimmick "organic", "natural".... bla, bla, bla
Aren't all the products SQF certified?

Able's packaging design and packaging outlook are for public acceptance, not just to suit individual perception only.

2022-01-17 21:45


Expected to export their products to Walmart USA soon.

2022-01-17 21:54


any idea these products is it popular in Malaysia?

2022-02-16 17:14


Able Perfect is not part of the group

see page 11:

2022-02-16 17:49


yalo market really hard to predict

2022-02-25 18:43


Obviously price manipulation... Spoofing seen for the past few weeks. Manipulators putting large sell orders to scare retail traders, then scoop up the shares at cheap prices.

2022-02-25 19:15


Let's see the trades Monday morning then we'll know if it's manipulated by big fish

2022-02-25 19:22


With their financial strength, they can push the price A LOT lower to make even the calmest investor nervous. Panic selling is a big mistake. The best way is to buy & hold tight, DON'T look at the price fluctuations which will drive you crazy. If it gets really low, buy more at a greater discount. Never doubt your investment in a good company unless the fundamentals have changed.

2022-02-25 19:36


Acceptable result. Buying below 1.5

2022-02-26 13:14


Added some at 1.49

2022-02-28 09:07


hang on to it..profit every is the market sentiment causing all to drop

2022-03-02 08:01


drop more, buy more.

2022-03-02 10:28


is it time to go in?

2022-03-04 13:03


Wait for a bullish engulfing candle with high volume, then you go ALL in.

2022-03-07 22:07

Mark Goh

Want to compare this stock with its peers?

LVI: Food & Beverages Sector Price to EPS Peer Comparison (and economic moat)

2022-03-11 12:18


Get the export permit ?

2022-04-04 22:18


I guess company is having Good value ?

2022-05-07 17:42


Suddenly sold out big tickets. Cut margin facilities ke?

2022-05-24 16:50


cut loss, with the high material cost, dont think it looks good in the short term.

2022-05-24 19:56


Dump at cheaper prices lor so new comers can join the boat.

2022-05-24 19:59


Thanks for the update

2022-05-26 16:42


every country will protect their food industry, setting up farm in Mexico and import it to USA is a bad idea. USA will protect their dairy industry by imposing import tax or something... unless that product is unique or not essential, like chocolate or rice

2022-05-31 18:59


Now, the price has dropped to 1.25 only wor.Want to drop until 1.00, lowest price in covid times ?

2022-06-20 18:30


Holding 1.2 for sometime now

2 months ago


HY2022 results seem reasonable. I wonder why this company only publishes CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS plus some Notes to the Condensed Consolidated Statement of Cash Flows. Why not simply the complete cash flow statements?

1 month ago


Stock price went up from RM1.19 to RM1.35
Not bad.

1 month ago


The market conditions is favourable to the company as raw material price reduction plus depreciation of RM against USD. No more RM 1.

4 weeks ago


Export consumer staples sector seems attracting market interests recently ie Ablegloble, Kawan, Pwroot, 3A, Tguan and BP plastic.

4 weeks ago


Target Price RM1.40 achieved

3 weeks ago


Why public bank no update report after latest QR?

2 weeks ago


anyone still holding ableglob here? any advise

1 day ago


I am still holding for long term... frankly, I have confident in them... just waiting for time for the potential turn into real profit

1 day ago


stagnant for some time, market big crash oso no moving

15 hours ago

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