It really depends on the Q4 results... not sure if you read through the details of their announcement on the partnership with Tyson. RM420 million is the best case scenario assuming they are able to meet the very aggressive profit target of FY22 and FY23, lots of caveat. Worst case scenario is they will only get RM125 million for 49% of the JV. This is the most attractive proposition for Tyson but it doesn’t look good on MFM.
Stock: [MFLOUR]: MALAYAN FLOUR MILLS BHD
2021-02-23 13:09 | Report Abuse
It really depends on the Q4 results... not sure if you read through the details of their announcement on the partnership with Tyson. RM420 million is the best case scenario assuming they are able to meet the very aggressive profit target of FY22 and FY23, lots of caveat. Worst case scenario is they will only get RM125 million for 49% of the JV. This is the most attractive proposition for Tyson but it doesn’t look good on MFM.