AJINOMOTO (M) BHD

KLSE (MYR): AJI (2658)

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Last Price

17.00

Today's Change

-0.20 (1.16%)

Day's Change

17.00 - 17.26

Trading Volume

38,600

Overview

Market Cap

1,034 Million

NOSH

61 Million

Avg Volume (4 weeks)

28,738

4 Weeks Range

16.20 - 17.40

4 Weeks Price Volatility (%)

66.67%

52 Weeks Range

13.36 - 17.40

52 Weeks Price Volatility (%)

90.10%

Previous Close

17.20

Open

17.24

Bid

17.00 x 300

Ask

17.14 x 1,000

Day's Range

17.00 - 17.26

Trading Volume

38,600

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2023 [#2] | 28-Nov-2023

Next QR | Est. Ann. Date

31-Dec-2023 | 24-Feb-2024

T4Q P/E | EY

21.55 | 4.64%

T4Q DY | Payout %

0.54% | 11.53%

T4Q NAPS | P/NAPS

8.98 | 1.89

T4Q NP Margin | ROE

7.77% | 8.79%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: FOOD& BEVERAGES

Subsector: FOOD& BEVERAGES

Description:

Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling of monosodium glutamate (MSG) and other related products. The company operates through two segments. Its Consumer business segment manufactures and distributes various consumer products, seasonings as well as provides services in relation to the food industry. The Industrial business segment consists of production and distribution of MSG for industry-use and industrial seasonings. In addition, it offers retail products under the brands, such as AJI-NO-MOTO, TUMIX, SERI-AJI, AJI-SHIO, Pal Sweet, AJI-MIX and AJI-NO-MOTO PLUS. The company's industrial products include hydrolyzed vegetable protein (HVP), AJI-AROMA, AJIMATE and ACTIVA TG.

Discussions
8 people like this. Showing 50 of 1,584 comments

fortunefire

the power of special dividend

2023-07-21 09:57

DestinyL

Those who missed the boat will moan, let them show their regrets by saying otherwise bah

2023-07-21 10:24

James_Bond

Taking MSG will to toxic effects to our bodies such as CNS disorder, obesity, disruptions in adipose tissue physiology, hepatic damage, CRS and reproductive malfunctions! OMG! OMG! OMG!

No wonder my body keeps on rejecting Ajinomoto (MSG) flavoring!

2023-07-21 11:56

DestinyL

Ahah, here comes the sour grape! Please go on...

2023-07-21 12:11

Bullcoming

Expect go much higher, 18 and beyond?

2023-07-24 10:45

MG9231

利字出尽,可要见好就收

2023-07-24 11:28

nicky

James Bond scared of MSG.. ??? What a joke. If MSG so toxic then why Japanese still have long life compared to other countries,,,... ??? think before you commend.

2023-07-24 14:02

Nepo

Stay firm & calm
Don't be washed out.
After this perfect storm, sure promising future is awaiting for you..
latest price RM16.32, leave a track record here..

2023-07-26 11:30

DestinyL

Might still drop below 16, many never heard of the saying market favors the patient ones

2023-07-26 11:34

MG9231

News out ,special dividend on land disposal already priced in, time to take profit!

2023-07-26 11:57

Nepo

yes, patience is a good one.
Another characteristic you need to have is go against humanity.
If you can do that then you can get twice the result with half the effort.
try it..it gonna to be interesting..

2023-07-26 12:04

stoneage

how to go against humanity?

2023-07-26 12:08

Nepo

How to go against humanity?
It is a simple Warren Buffet investing rule:
Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

Pls take note the above statement is only apply to good companies.

2023-07-26 12:16

Nepo

This stock has one advantage over other stocks because of its new factory at Bandar Enstek, Negeri Sembilan. It is a Halal Hub where any Aji Products exported will have defined years of tax exemption.

2023-07-26 14:57

Nepo

Poor people like me definately need to take the risk.
if not, your next generations, most probably have more difficult life because of lesser chance..
that is y i called myself anonymous warrior

2023-07-26 15:57

Nepo

The Disposal Consideration is further supported by the valuation certificate dated 20 July 2023.
The Disposal Consideration represents a 12.09% premium to the market value of the Subject
Property of RM364,000,000 as appraised by the independent property valuer, namely CBRE WTW
Valuation & Advisory Sdn Bhd (“CBRE” or “Valuer”) as at the date of valuation on 5 July 2023 vide
its valuation certificate.

2023-08-01 08:33

Nepo

After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50

2023-08-01 08:37

Nepo

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.

2023-08-01 08:38

Nepo

8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities

2023-08-02 08:25

Nepo

2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”

c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)

This Announcement is dated 20 July 2023

2023-08-02 08:31

Nepo

After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.

as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000

Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000

total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000

=203857000/60799000
=RM3.35 per shares

2023-08-02 08:46

Nepo

Now the most important thing is the disposal of land need to be successfully complete as scheduled..

2023-08-02 08:48

wallstreetrookieNEW

Why are you copy and pasting the entire SPA lol

2023-08-07 18:32

wallstreetrookieNEW

All time high imminent

2023-08-07 18:32

Nepo

30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000

Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%

2023-08-25 08:18

James_Bond

Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!

2023-09-01 07:34

James_Bond

Malaysia gov should stop all tax incentives to all Japanese companies for such selfish acts!

2023-09-01 07:37

Dehcomic01

Over the past few years, the ROE of this company has gone below 10% despite growing revenue. Has it lost control of its gross margins? Not a good sign

2023-09-01 08:06

MG9231

Inflated cost with artificial transfer pricing at the expense of minority shareholders

2023-09-01 09:30

alan26334

support by up coming special dividen rm2.1 or 13% at share price rm16

2023-09-03 15:46

alan26334

business profit also start recover, more gain to come

2023-09-03 15:49

Nepo

too bad, nuclear waste dumping
japanese co image tarnish
worst still if raw materials contaminated..

2023-09-04 11:09

Nepo

Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..?
So why we worry for the recent downtrend..
top up some @ RM 15.90 rare opportunity

2023-09-05 08:18

Nepo

top up some @ RM15.60

2023-09-07 10:38

Nepo

Top up some RM 15.44

2023-10-06 11:07

Nepo

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024
Completion of the Proposed Disposal End March 2024

2023-10-07 08:28

stockraider

The disposal of land & a very special div payout very attractive mah!

2023-10-07 10:21

DestinyL

From now on, only can go up not down lol

2 months ago

Nepo

AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.

2 months ago

Nepo

When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.

2 months ago

Nepo

after roller coaster for so many times, already squeeze out short-term trader almost completely.
leaving behind are almost the mid to long-term holders
your patience will be well rewarded..

2 months ago

Nepo

Now you can relax and enjoy you coffee and let the money autopilot to generate your passive income

1 month ago

stockraider

The disposal of kuchai lama land will bring alot of profits for ajinomoto , this will mean rerating of ajinomoto share price & good special dividend coming mah!

1 month ago

Nepo

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023------->Passed
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024-------> Passed
Completion of the Proposed Disposal End March 2024------>ongoing

1 week ago

CorporateProposal

@Nepo what will be your TP post completion

1 week ago

Nepo

Hi @Corporate

I m a long-term investor. I hold Aji for long-term. As long as:
(1) Aji continues to growth(Middle East market), then i will keep the shares.
(2) If no growth, then Aji should give at least 4% dividend.

In short, If Aji can't give me above two conditions, then i will sell regardless what the share price is..

At the moment, primarily reason I hold Aji because i hope for growth from the Middle East Halal market..

1 week ago

Nepo

Probably today will explode to RM 17.50..

1 week ago

CorporateProposal

@Nepo I think engine probably start fully next week. Next QR expected end next week, hope for better QR and some good announcement.

1 week ago

Nepo

@Corporate, you spot on😃

6 days ago

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