ABLE GLOBAL BERHAD

KLSE (MYR): ABLEGLOB (7167)

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Last Price

1.37

Today's Change

-0.02 (1.44%)

Day's Change

1.36 - 1.40

Trading Volume

577,800

Overview

Market Cap

425 Million

NOSH

310 Million

Avg Volume (4 weeks)

239,756

4 Weeks Range

1.36 - 1.48

4 Weeks Price Volatility (%)

8.33%

52 Weeks Range

1.32 - 1.84

52 Weeks Price Volatility (%)

9.62%

Previous Close

1.37

Open

1.40

Bid

1.37 x 5,100

Ask

1.39 x 4,000

Day's Range

1.36 - 1.40

Trading Volume

577,800

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 25-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 31-May-2022

T4Q P/E | EY

10.66 | 9.38%

T4Q DY | Payout %

3.62% | 38.62%

T4Q NAPS | P/NAPS

1.23 | 1.12

T4Q NP Margin | ROE

8.09% | 10.46%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: FOOD& BEVERAGES

Subsector: FOOD& BEVERAGES

Description:

Able Global Bhd (previously known as Johore Tin Bhd) is principally engaged in the business of investment holding and the provision of management services. The group is organised into the three main reportable segments: Investment Holding; Tin Manufacturing; and Food and Beverage. Investment Holding is involved in the business of investment holding and provision of management services. Tin Manufacturing is involved in the manufacturing of various tins, cans, and other containers. Food and Beverage are involved in manufacturing and selling of milk and other related dairy products.

Discussions
16 people like this. Showing 50 of 7,208 comments

All_in_2021

quarter result released. Did they mention anything on the mexico operation? can't see it in their qtr report

2021-11-29 20:49

dawchok

section B11(c). ADMX(Mexico) has commenced commercial production operation in July 2021.
ADMX has been certified SQF (Safe Quality Food) which is a basic requirement to sell to Walmart and big supermarket chains.

2021-11-29 20:59

Sardin

Is Able Global selling any dairy product in Malaysia?

2021-11-29 22:57

alexnada

@Sardin Dairy Champ!

2021-11-30 09:50

Sardin

Dairy Champ? Didn't notice. Is it sold in Aeon or 99Mart?

2021-11-30 11:07

LKOH

Able condensed milk can be found in Mr DIY, econsave. slightly cheaper than other brand

2021-11-30 11:46

LKOH

under the brand Able farm

2021-11-30 11:47

Sardin

I thought Dairy Champ is manufactured by Etika Group? What's the relation between Etika Group and Able Global / Johore Tin?

2021-11-30 12:17

Sardin

@LKOH Thanks. I would like to find out and buy one to try.

2021-11-30 12:59

alexnada

Sorry... I think I got the wrong brand...
they are selling Able Farm. Not sure got sell in Malaysia or not.
https://www.abledairies.com/brands/able-farm/

2021-11-30 17:07

IamValueInvestor

Dairy champ is not under Able Global.

2021-11-30 19:12

All_in_2021

not sure how much is the contribution from Mexico in terms of revenue/profit

2021-11-30 21:02

sapurakencana

Do not concentrade on Maxico,they just start operation,within 1 year time,if they can cover all the overhead they incurred,than we can again thanks the effort of management.Since we hold them for long term,be patient.Here i hope they can put their effort to increase the export market,so we can enjoy their quarterly dividend.

2021-12-01 16:08

huat_ahh

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

All_in_2021

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

Gley

borrowing

2021-12-06 13:44

solaris80

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、
建筑厂房、购买机器和设备。

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、
中美洲和美国的现有客户消化。

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。

另一方面,在没有进口税和运费的情况下,其墨西哥合资生意的赚幅有望相对比较高。此外,美
国和墨西哥之间的自由贸易协定在某种程度上将协助进一步渗透到南美洲地区。

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
在当地市场分一杯羹,并预计在庞大且尚未开发的中低端市场中占据一席之地。

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

Pinky

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

Thinking to re-enter this stock

2021-12-27 10:59

Pinky

Seems that they are selling their products on Shopee already

2021-12-27 11:19

Magic16

can find Able Farm products in TF Value-Mart

2021-12-27 15:21

Sardin

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

Pinky

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

Barneybubu

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

Group
At a Point in Time
2020

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

Pinky

Thanks Barney!

2021-12-29 10:30

镠公公

afe

2021-12-31 08:22

Pinky

I'm officially back in this stock

2021-12-31 09:19

OldWiseMan100

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

OldWiseMan100

https://www.walmart.com/ip/Horizon-Organic-Growing-Years-Whole-Milk-wi...

https://www.walmart.com/ip/Crystal-Creamery-Low-Fat-Milk-1-qt/46942847

https://www.walmart.com/ip/Organic-Valley-Grassmilk-100-Grass-Fed-Orga...

Above are some really good examples of a good design. Also Able's packaging lacks 'nutrient' information. Informing the customer the benefits is very important too.

2022-01-16 11:06

huat_ahh

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

solaris80

Expected to export their products to Walmart USA soon.

2022-01-17 21:54

All_in_2021

any idea these products is it popular in Malaysia?

2022-02-16 17:14

Pinky

Able Perfect is not part of the group

see page 11:

https://agb.listedcompany.com/misc/ar/JOHORETIN_ar2020.pdf

2022-02-16 17:49

All_in_2021

yalo market really hard to predict

2 months ago

kedsheong

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.

2 months ago

Pinky

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

2 months ago

kedsheong

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.

2 months ago

Zackmeiser

Acceptable result. Buying below 1.5

2 months ago

Pinky

Added some at 1.49

2 months ago

All_in_2021

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

2 months ago

kedsheong

drop more, buy more.

2 months ago

Gley

queue for 3 weeks still nt yet hit zzz

2 months ago

All_in_2021

is it time to go in?

2 months ago

Gley

great almost hit liao

2 months ago

kedsheong

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

2 months ago

Mark Goh

Want to compare this stock with its peers?

LVI: Food & Beverages Sector Price to EPS Peer Comparison (and economic moat)
https://klse.i3investor.com/web/blog/detail/VIE/2022-03-11-story-h1600...

2 months ago

sunshine90

Get the export permit ?

1 month ago

silvernina

I guess company is having Good value ?

1 week ago

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