KLSE (MYR): ABLEGLOB (7167)
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Last Price
1.93
Today's Change
0.00 (0.00%)
Day's Change
1.92 - 1.93
Trading Volume
17,400
Market Cap
599 Million
NOSH
310 Million
Avg Volume (4 weeks)
242,957
4 Weeks Range
1.89 - 2.06
4 Weeks Price Volatility (%)
52 Weeks Range
1.24 - 2.23
52 Weeks Price Volatility (%)
Previous Close
1.93
Open
1.93
Bid
1.91 x 23,400
Ask
1.93 x 27,400
Day's Range
1.92 - 1.93
Trading Volume
17,400
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 28-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 05-Dec-2024
T4Q P/E | EY
8.88 | 11.27%
T4Q DY | Payout %
4.11% | 36.45%
T4Q NAPS | P/NAPS
1.50 | 1.29
T4Q NP Margin | ROE
9.75% | 14.53%
2024-10-10
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.
Someone trying to goreng back old news and rumors. But the share price so steady. 利空不跌 你們懂得 呵呵
2024-07-03 21:15
Spending power reduce in all over the world for majority. So ablefarm product will be better choice and can get more potential customers
2024-07-10 23:38
lol..one by one news is old news 2022 oct..
but boss is helping that old man stand properly..
2 months ago
suspected is who jealous boss business will success soon...
spread the fake rumor...
2 months ago
haha..facebook is useless..all the page on facebook are fake page which anyone can get it if u paid...
haha..u can buy the page package depend on how many followers u want..
2 months ago
Of course goreng. this time goreng sampai hangus back to 1.40, bad news waiting to explode and limit down!!!! Don't say I never warn you all.
2 months ago
Already told you all, this bloody counter is useless. Limit down coming. Those who heard my advice and sold at high prices, thank me.
2 months ago
Some people comments without brain, 99% of bursa share are drop, they thought only this share drop. 小丑连世界局势都不知道
2 months ago
haha.. that why emc2gary, u just can earn from stock market..
we need more fool's blood money
2 months ago
Someone must be bought at 1.5 1.6 then cut loss at 1.1 1.0,then now price at 2 already he feel not balance, heart pain, become hatred to this stock, see drop 2 cents already very happy
1 month ago
So many stuck above RM 2.00. just waiting to cut loss when the price hit 1.80. you better sell before the blood bath starts.
1 month ago
Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.
1 month ago
I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???
1 month ago
https://theedgemalaysia.com/node/705812
.Edge Weekly
Able Global eyes US market to optimise Mexican factory output
By Liew Jia Teng / The Edge Malaysia
1 month ago
I guess you haven't read the quarterly reports of profit/loss of the joint venture.
1 month ago
Someone must be hurt badly by serbak, that's y he think every company is running by conman
1 month ago
I read the qr report again n there is no mention of the loss in the Mexican venture.
1 month ago
In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.
1 month ago
Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.
1 month ago
Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.
1 month ago
Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.
1 month ago
You may refer to Public Bank analyst report issued on 29th Aug.
Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.
1 month ago
Those who claimed to have read the results and said no issue or no mention of loss and accused me of badmouthing were trying to fool people into buying or holding this useless company stock while themselves quietly offloading their shares... Thankfully there are still some honest people around who admitted it's still a loss after so many years. By the way, do you guys notice the same song the management is playing regarding the land conversion, each quarter still the same old song, "still in process of conversion"...oh yea...the debt clock is ticking yo, and the bank interest is also ticking yo!!! Wake-up from the abracadabra hypnosis before it's too late to.... otherwise when one day you suddenly wake up, it will be tripple limit down, then you'll be a true long term investor until it goes to zero...just like the sad story of serbak. By the way I didn't have a single share nor loss a single cent in serbak coz I could sniff the hanky panky from a hundred miles away before the first bad news broke out!!
1 month ago
Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.
If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.
Have they really turned the corner?
1 month ago
Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.
1 month ago
Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday
2 weeks ago
about 65% export market, import raw mat in USD, impact due to weakening USD should be minimum, anyone can shed some lights?
Expect better performance by JV as Mexico Peso against USD rebounds.
2 weeks ago
Everyday drops a bit... Boiling the frogs slowly...when the frogs realise that it's getting too hot, it would be too late to jump out.😂
1 day ago
G-boy
time to get kuat rebound to rm3
2024-06-28 12:11