RHONE MA HOLDINGS BERHAD

KLSE (MYR): RHONEMA (5278)

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Last Price

0.68

Today's Change

-0.01 (1.45%)

Day's Change

0.68 - 0.68

Trading Volume

13,000

Overview

Market Cap

150 Million

NOSH

221 Million

Avg Volume (4 weeks)

93,994

4 Weeks Range

0.675 - 0.71

4 Weeks Price Volatility (%)

14.29%

52 Weeks Range

0.665 - 0.785

52 Weeks Price Volatility (%)

12.50%

Previous Close

0.68

Open

0.68

Bid

0.68 x 300

Ask

0.695 x 24,200

Day's Range

0.68 - 0.68

Trading Volume

13,000

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2022 [#2] | 16-Aug-2022

Next QR | Est. Ann. Date

30-Sep-2022 | 16-Nov-2022

T4Q P/E | EY

11.78 | 8.49%

T4Q DY | Payout %

1.34% | 15.72%

T4Q NAPS | P/NAPS

0.68 | 1.00

T4Q NP Margin | ROE

7.49% | 8.49%

Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: AGRICULTURAL PRODUCTS

Subsector: AGRICULTURAL PRODUCTS

Description:

Rhone Ma Holdings Bhd is an animal health solution provider. It offers animal health services as well as the manufacturing and distribution of animal health products. The operating segments of the group are Animal health products; Food ingredients and Others. Animal health products segment include marketing, trading, distribution and manufacturing of animal health products and undertaking research and development activities related to animal health, food safety and agriculture in animal health products. The animal health products offered include vaccines, pharmaceuticals, and feed additives. It is also involved in the distribution and supply of food ingredients. The organization operates in Malaysia and internationally and generates maximum revenue from the Animal health products segment.

Discussions
Be the first to like this. Showing 50 of 424 comments

LongTermInvestor8

2021
- Rhone Ma planned to increase its cattle herd to 350 head by the end of 2021, raising its monthly milk production from 30,000 L/ month to approximately 65,000 L.
- GMP (Good Manufacturing Practices at Nilai Utama Enterprise Park) commenced operations in April 2021 is running at more than 35 per cent capacity.

2022
- By end-2022, the Group?s target is to produce 120,000 L of milk per month.

2023
- New GMP in Nilai target to achieve 100% by 2023 - estimated to increase annual production capacity by 4x (2,500 tonnes, existing plant in PJ produce only 637 tonnes per annum)

2025
- Rhone Ma hopes to build the plant with a capacity of 14.4 million litres per year in Kapar, Selangor by the third quarter of 2025.


Note
- Rhone Ma Holdings Bhd via its subsidiary A2 Fresh Sdn Bhd, has entered into a joint venture agreement with Kulim (Malaysia) Bhd to develop, operate and manage a potential dairy project. The initial investment required for the project will be up to RM41.4m, which will be funded through equity in the form of subscription of shares by the shareholders in proportion to their shareholding ratio in the special purpose vehicle company.
- In this JV, Kulim owns 65% shares, while A2 Fresh S/B holds 35% shares. Since A2 Fresh S/B is 49% owned, Rhonema will have just 17.15% share in this dairy project.
- A1 protein is even linked to diabetes, heart disease, sudden infant death syndrome and autism etc. However, those links are not confirmed. A2 milk is marketed as a healthier choice without such troublesome issues. It's reported that Rhonema is the first producer offering fresh A2 milk in Peninsular Malaysia.
- Kulim is a well-known plantation giant which was taken private and delisted from main board in 2016. It's a subsidiary of Johor Corporation. Johor Corp owns famous brands such as KPJ, KFC, Pizza Hut, Ayamas, Life etc.

2022-03-07 19:37

wallstreetrookie

Guys, seriously subscribe to Farm Fresh IPO. Make short-term profits and then pump your profits into Rhone-ma. Then hold for 3 years. Guarantee you can afford down-payment on new house.

2022-03-09 22:51

wallstreetrookie

!remindme in 3 years.

9 March 2025

2022-03-09 22:52

wallstreetrookie

Anymore private placement, I want to subscribe

2022-03-09 22:53

wallstreetrookie

Got some shares of Farm Fresh. After the IPO, pumping profits into Rhone-ma

2022-03-11 20:56

Blacksails

Last month i bought 3 liter fresh milk from Lotus's supermarket for only RM2.00 only

2022-03-14 21:08

wallstreetrookie

Farm Fresh is a bad long term investment. Rhone-ma is well-diversified.

2022-03-14 21:09

wallstreetrookie

Dude, I am definitely selling Farm Fresh at open and buy more Rhone-ma.

2022-03-14 21:09

wallstreetrookie

Rhone-ma is a sleeping giant. 1000x better than FFB. Farm Fresh is going to tank after IPO. I have never seen an IPO survive such high valuation except Mr DIY and Public Bank all the banks

2022-03-15 08:25

wallstreetrookie

Rhone-ma will fly in 2025. Mark your calendars

2022-03-15 08:28

wallstreetrookie

Rhone-ma is the next QL Resources
Farm Fresh is the next Leong Hup International
Too much hype never ends up well. Even Mr DIY is a miracle

2022-03-15 08:30

wallstreetrookie

Asking my grandma to all in Rhone-ma

2022-03-15 08:30

wallstreetrookie

Currently the best long term opportunity I can find on Bursa

2022-03-15 08:31

wallstreetrookie

Henry Goh from KLSE Screener wants to buy at 50 cents

2022-03-15 12:40

wallstreetrookie

I promise you guys, if I make a lot of money from the Farm Fresh IPO, I will pump Rhone-ma

2022-03-16 17:55

wallstreetrookie

Farm Fresh is Leong Hup International
Rhone-ma is the next QL Resources

2022-03-16 17:55

wallstreetrookie

@Got_Milk Why do you keep promoting on public forum? Keep quiet and slowly collect

2022-03-16 18:12

wallstreetrookie

No need to promote

2022-03-16 18:12

wallstreetrookie

Don't promote on KLSE Screener especially. A lot of gamblers and traders on KLSE Screener. i3investor more long-term oriented investors

2022-03-16 18:13

rikki

Rhone Ma Holdings Bhd (Fundamental BUY with TP RM1.07)
• Rhone Ma Holdings Bhd (Rhone Ma) is an end-to-end animal health solution provider. The company ventured into fresh milk production in 2019.
• Despite the slow business environment during the Covid-19 pandemic, Rhone Ma’s revenue has recorded a 12% CAGR over the past 2 years. In tandem with the expanding market revenue in Animal Health and Nutrition Industry, the company’s market share has grown from 4.7% in 2018 to 5.8% in 2021.
• Rhone Ma’s GMP compliant plant in Nilai which has a production capacity of 2,500 MT/year has commenced operation in April 2021. The plant is currently 35% utilised and is expected to increase gradually. Management guided the plant to reach full utilisation rate by end 2023 as the PJ GMP compliant plant has been running at full capacity (637 MT/year).
• Its Human Healthcare segment revenue grew 231% in 2021, attributed to the Covid-19 outbreak. The company’s CiTest Covid-19 Antigen Rapid Test Kit is widely used by clinics and hospitals. Moving forward, Rhone Ma will continue its R&D effort to expand its human healthcare products range such as other purpose test kit.
• We see Rhone Ma’s venturing into Ruminant industry as synergistic to its animal health product segment. Meanwhile, the government aims to increase the country’s fresh milk self-sufficiency level to 100% within five years; and this will create an opportunity to its 49% owned A2 Fresh SB. The company is planning to expand its dairy farm from 300 cattle to 500 cattle by end 2022, producing its own brand milk targeted to launch in 1Q2023.
• According to Protégé Associates, the Animal Health and Nutrition Industry has grown to a RM2.33bn revenue industry vs RM2.09bn in 2018. We see Rhone Ma is well positioned in the growing livestock market in Malaysia. BUY with a target price of RM1.07 based on 18x PER FY22F (3-year average).
• Financially, the company’s leverage is manageable with net gearing of less than 10%.

Rakuten Trade Research 17/3/2022

2022-03-17 17:31

wallstreetrookie

Don't promote on KLSE screener

2022-03-17 18:26

wallstreetrookie

I am excited guys

2022-03-18 10:45

wallstreetrookie

Stay quiet and don't promote on KLSE Screener. Henry Goh bought a lot quietly

2022-03-18 11:35

Nathan27

Good company but not good operator , boss don’t want to play his counter.. so obvious blocking the share price from moving up… to those who are not in yet, go find better operators with more commitment , those already in, just forget about it, rhonema won’t move anytime soon… cheers..

2022-03-23 15:36

wallstreetrookie

Bursa Company Warrants Guide 2022
1. Revenue-WA
2. Sernkou-WA
3. Rhonema-WA

2022-03-25 16:59

wallstreetrookie

There is no such thing as operator
Only buy-side institutions, foreign institution, insiders, substantial shareholders, market-makers, wealthy clients (sophisticated), and retail investors.
Quit obsessing on the concept of "operator"

2022-03-25 17:38

wallstreetrookie

It is always too late to buy a stock when hot money and asset managers rush in

2022-03-25 17:38

wallstreetrookie

If you wanna buy stocks with heavy "operator" activity, go to MPI and UWC. But do you have the guts? What if sell-side dumps their stocks on you?

2022-03-25 17:39

wallstreetrookie

It is part of the price discovery, Buy before asset managers deploy their capital

2022-03-25 17:39

wallstreetrookie

I can also become the "operator" if I buy enough, but it is not the time yet

2022-03-25 17:39

wallstreetrookie

Once I see enough order book, you bet I am going all in

2022-03-25 17:40

awesome20

egg theme

2022-04-05 19:44

Peace99

@wallstreetrookie How to qualify for private placement?

2022-04-06 17:45

wallstreetrookie

2-5 M liquid asset

2022-04-06 19:56

Peace99

TQ. Assuming one day I have that $ haha then approach the company directly?

2022-04-06 20:31

HEnryGoh

hi wallstreetrookie i am henry goh from klse screener u did mentioned just noticed my name being commented haha

2022-04-26 13:52

Noni

Yenher doing same business. Which would you pick ?

2022-05-03 11:11

stockraider

Not totally the same mah!

Rhonema has make dairy its 2nd core business mah!

2022-05-03 11:48

terence775

Noni, the businesses are actually quite different between the two companies

Do look into the quarterly reports and compare.

2022-05-09 16:21

donkeycharles

will the war affect the cost of the food for the cows?

2022-05-10 09:56

veterinarian

"During the 1849 California Gold Rush, few prospectors struck it rich. Most of the people who made money back then were those who “sold shovels” (and jeans, tents, pickaxes and other supplies and services) to the prospectors "

2022-05-16 21:43

veterinarian

Rhonema provides animal health & nutrition products and services to the pets, poultry, ruminant, swine sectors (by revenue)

2022-05-17 00:18

wallstreetrookie

Someone promoting this stock on Stockb*its

2022-05-20 16:09

wallstreetrookie

Guys, seriously stop promoting Rhone-ma on Facebook

2022-05-22 07:43

wallstreetrookie

Promote again

2022-06-17 14:27

Got_Milk

JCorp returns to the black in FY21, with PAT of RM379m
Bernama
August 02, 2022 16:50 pm +08

https://www.theedgemarkets.com/article/jcorp-returns-black-fy21-pat-rm379m

2 months ago

Got_Milk

FGV ventures into integrated dairy farm business in Chuping, eyes 100 million litres of fresh milk a year
theedgemarkets.com
August 08, 2022 11:07 am +08

https://www.theedgemarkets.com/article/fgv-ventures-integrated-dairy-farm-business-chuping-eyes-100-million-litres-fresh-milk-year

-Rhone is one of the leading Ruminant animal health and nutrition providers in the country

1 month ago

Got_Milk

2nd Quarter 2022 was lower QoQ impacted by high raw material prices. The price of corn, soybean and wheat currently have all dropped significantly from the peaks in 2Q22. In addition 3Q and 4Q are traditionally stronger quarters...most importantly from a YoY basis (eg 2Q22 vs 2Q21 and 1Q22 vs 1Q21) Rhone continues to show double digit growth. FY2022 might be the year Rhone delivers record high profits (for comparison, the all time high share price was RM1.3x in 2017). The MD has recently started buying shares from the open market

3 weeks ago

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