RHONE MA HOLDINGS BERHAD

KLSE (MYR): RHONEMA (5278)

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Last Price

0.71

Today's Change

-0.01 (1.39%)

Day's Change

0.71 - 0.72

Trading Volume

30,000

Overview

Market Cap

157 Million

NOSH

221 Million

Avg Volume (4 weeks)

58,175

4 Weeks Range

0.71 - 0.745

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.635 - 0.79

52 Weeks Price Volatility (%)

48.39%

Previous Close

0.71

Open

0.72

Bid

0.715 x 2,500

Ask

0.74 x 8,000

Day's Range

0.71 - 0.72

Trading Volume

30,000

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 17-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 19-Aug-2022

T4Q P/E | EY

13.41 | 7.45%

T4Q DY | Payout %

1.28% | 17.15%

T4Q NAPS | P/NAPS

0.62 | 1.14

T4Q NP Margin | ROE

7.27% | 8.49%

Market Buzz
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 420 comments

wallstreetrookie

I?ll subscribe to the next private placement

2 months ago

wallstreetrookie

Who else is subscribing to the private placement?

2 months ago

wallstreetrookie

When Farm Fresh is listed, I sell my IPO shares and pump into Rhone-ma. Let?s go!!!

2 months ago

teareader818

I think Rhone Ma's main business will always be in animal health. Their forte is in animal husbandary. They treat milk production as a by-product of their R&D and currently sells their milk off-farm. Kulim will later conveniently take their milk off them. With the government's encouragement, practically every state is setting up large cattle farms and when they encounter problems, which they will, who will they look for ? Rhone Ma of course!

2 months ago

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.

2 months ago

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.

2 months ago

wallstreetrookie

!remindme in 3 years.

9 March 2025

2 months ago

wallstreetrookie

Anymore private placement, I want to subscribe

2 months ago

wallstreetrookie

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

2 months ago

Blacksails

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

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

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

2 months ago

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

2 months ago

wallstreetrookie

Rhone-ma will fly in 2025. Mark your calendars

2 months ago

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

2 months ago

wallstreetrookie

Asking my grandma to all in Rhone-ma

2 months ago

wallstreetrookie

Currently the best long term opportunity I can find on Bursa

2 months ago

wallstreetrookie

Henry Goh from KLSE Screener wants to buy at 50 cents

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

No need to promote

2 months ago

wallstreetrookie

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

2 months ago

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

2 months ago

wallstreetrookie

Don't promote on KLSE screener

2 months ago

wallstreetrookie

I am excited guys

2 months ago

wallstreetrookie

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

2 months ago

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..

2 months ago

wallstreetrookie

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

2 months ago

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"

2 months ago

wallstreetrookie

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

2 months ago

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?

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

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

2 months ago

wallstreetrookie

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

2 months ago

awesome20

egg theme

1 month ago

Peace99

@wallstreetrookie How to qualify for private placement?

1 month ago

wallstreetrookie

2-5 M liquid asset

1 month ago

Peace99

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

1 month ago

HEnryGoh

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

1 month ago

Noni

Yenher doing same business. Which would you pick ?

3 weeks ago

stockraider

Not totally the same mah!

Rhonema has make dairy its 2nd core business mah!

3 weeks ago

terence775

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

Do look into the quarterly reports and compare.

2 weeks ago

donkeycharles

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

2 weeks ago

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 "

1 week ago

veterinarian

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

1 week ago

wallstreetrookie

Someone promoting this stock on Stockb*its

1 week ago

wallstreetrookie

Guys, seriously stop promoting Rhone-ma on Facebook

6 days ago

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