Contrarian still here. It's almost time to buy back Insas warrants and support Leno to takeover the company

I lost big on VS warrants last round. This round make back a bit on the exercise. And then I itchy, I chased it up hoping for another SKP. Now...sad case.

this round it's very different. contra gain is scary becasuse every bounce looks like another chance to run. could easily get caught. YTLP is really good fundamentally, but the share price action is so suspicious. If invisible hands want to play it down this way small fry like me do not want to stand in their way

@ken to be very honest w u, the last crash and rebound on results, my contra gains was $180k whoopie

Theta 1.38, still holding up very well eh

By the way can't see how Knusford proposal can fail, that'd be illegal! Even Boustead didn't dare to call off the deal post KLK's forced termination - they needed the Govt to step in to close it

@Albukhary yes this is looking really ugly. Technically awful. However this is consistent with his grand plan. I have always suspected the delay is because they haven't got enough shares to push through the proposal. LKH has failed in proposals many times. This round he will want to be very sure. This flush out is crystal clear to me of a costly and heavy accumulation by the interested parties. In the process however, paper loss is certain, liquidated losses is possible as we face up with margin calls, and it will be a lengthy painful process. To LKH, it's his one and only play, he can be patient and play the long game. To us, we always have alternatives as do other shareholders like us - and that's what they want, that we jump over to other counters as we lose faith and lose patience w this one, then voila boom.

Well done UWC

Another chance to sell more and swap to quality

Slowly but surely IOIPG is now my largest holding. There's always comfort in value, even if this dips we can add or hold. The CW effect is real. However syndicates love to play it down even after...so I do not expect a rebound after CW expiry, maybe there'll play another round 🤦 technicals and momentum is really not bad tho. REIT REIT REIT

@Kylie no target price for this counter, too volatile. If forced to however, it should be 1.7++ first round and if it's clear to $2 coupled with earnings recovery, I will just ride the wave.

However this counter dare to sell dare to buy...I sold heavily those few days, now I am buying back some. Prepared to buy down to $1 again

I am quite happy I managed to buy at 0.345 today. Tomorrow much less happy 🤣

Shares are tightly held. Bottom found. I entered around 1.80, exited, bought back at 2.00, exited partially. Rethinking this. Maybe go big on this one

@ken you still here laughing with your dot dot dots? U win liao. Deadnex huhu

@Albukhary we ran at 4.10-4.20 last round. When wanna reenter?

I was quite happy I managed to buy at 0.360 yesterday. Today much less happy 🤣

Moving very nicely.

Rebounding earlier than expected. If it's the call warrants, "they" won't allow this eh

The one stock that is shining when everything else falling

This one ripe for goreng. Can try. But remember dare to buy, dare to sell when it comes

Have to wait to see if Jan deadline cancel again. LKH the best in terms of execution

Ekovest is indeed fundamentally very sound. Only if LKH does not cancel his proposal tho. Once cancelled, value will always be value, trapped lol

DNEX proving all the naysayers right while Syed Zainal reposition himself into a non-executive role 😅😅😅

This counter really have to dare to sell dare to buy...dare to buy side I definitely played my part hehe. Dare to sell I only did it this round while missing out on last few rounds. I am left with 1/3, one more dip I have to start buying it back down...can't win it all, sell high buy high

On the very bright side, IOIPG play is clear - just wait for the IOI REIT. Sometimes one wonders where are the investors now when it's so obvious? Well most investors do not like to be locked in indefinitely - and there's much truth to it. Once it runs the investor who comes in and buys say 10x what we old shareholders were buying, they wil still make more lol

I think dragon is right, it's the call warrants. I have seen this many times, unfortunately, they do not necessarily rebound post expiry. Usually there's a drive up before the expiry for the sell down. This appears to have happened. If this is true there is no announcement coming

Theta 1.46, still holding up very well eh

Spills the ‘sugar’ on 2Q losses

Speaking to StarBiz 7, MSM group chief executive officer (CEO) Syed Feizal Syed Mohammad explains that after taking risk management steps to combat high raw sugar prices, the company had to absorb higher hedging costs in the 2Q due to prior hedging activities.

Syed Feizal is the fourth CEO of MSM since its parent company, FGV Holdings Bhd, listed in 2012.

“This (loss) is not going to be something permanent. You’ve got to pass through certain higher hedging done at that time – especially when raw sugar was doing fairly well in 2023, so you’re hedging for 2024.

“Nevertheless, we don’t lock up all our positions at a single price,” he says.

He explains that the group opted for gradual hedging to mitigate risks associated with sudden price changes.

However, he anticipates seeing results a bit later, potentially by the 4Q.

Gas, on the other hand, takes up 8% to 9% of the group’s cost.

“Petroliam Nasional Bhd is our direct supplier. We pay market prices. We don’t get any concessions,” he adds.

On freight issues, Syed Feizal notes that costs were higher for MSM in the 2Q and suggests that the government provide more logistics incentives for exports.

He explains that bulk breaking – dividing a large quantity of goods into smaller amounts – is more cost-efficient compared to container shipping.

However, in Malaysia, it’s the other way around as bulk breaking rates are higher.

“That should not be the case. The relevant ministries should look into how they can support industries to achieve more competitive logistics costs,” he adds.

Returning to profitability

Syed Feizal remains hopeful that MSM is heading back to profitability.

“The 4Q is a lot brighter and we are optimistic of getting back in the black for the full year.

“Opportunity lies in volume,” adds Syed Feizal, noting the revival of MSM’s Johor plant.

Managed by its subsidiary, Sugar Refinery (Johor) Sdn Bhd, the plant has faced ongoing issues since its inception.

Syed Feizal aims to see the Johor plant in the black again and contributing to group earnings, complementing the strong performance of the Prai plant.

“The Johor plant has a utIlisation rate of about 30% to 35%.

“So, there’s a lot of headroom in volume. Our strategy to support the ramp-up is to get to the export market,” he says.

The plan is to expand MSM’s export market from 15 to 25 countries.

MSM’s top five export destinations are all located within Asia Pacific, accounting for more than 60% of total exports.

MSM is seeking to have the Vietnam anti-dumping tariff lifted, for which Syed Feizal says discussions with that country’s government are underway.

“Vietnam accounts for 100,000 to 140,000 tonnes annually and we don’t want to miss that.”

MSM exported 242,077 tonnes of refined sugar in 2023, which will go up to 260,000 tonnes by the end of 2024, he says.

For next year, the target is set at 360,000 tonnes.

“Contributions will not just be largely from Prai, but Johor will start to contribute more as well.”

As improvements continue at the Johor plant, Syed Feizal aspires to see MSM with “two Prai plants” – highlighting two powerhouses at full force.

Will MSM see a sweet turnaround?

IT wasn’t too long ago that MIDF Research had a target price of RM4.48 per share for MSM Holdings Bhd. That was in April 2024, when it was trading around RM3.30.

MIDF’s bullishness was based on several factors, including rectifying equipment problems at MSM’s Johor plant, which had hit the pause button.

With that sorted out, MIDF reckoned that MSM would lift the group’s sugar yield by ramping up its melting activities – a key process in sugar making –ahead of growing demand in Asia-Pacific countries.

Another factor cited by the research house was the price moderation of raw sugar, which is MSM’s main raw material.

Rumours of potential new shareholders also boosted sentiment on MSM shares then, including the reemergence of speculation that the Kuok group might be interested.

Alas, there were problems. No new shareholders came in and MSM fell back into the red.

Today, MSM trades at a mere RM1.25 per share and MIDF has since downgraded the stock to “neutral” with a target price of RM1.39.

So what changed so much in just six months?

A quick rewind to February 2024. MSM was the talk of the town then as the group finally returned to the black after more than eight quarters of losses.

It reported a net profit of RM42.87mil in the fourth quarter (4Q) of financial year 2023 (FY23), as its quarterly revenue jumped 40% to RM949.88mil.

MSM maintained its momentum into FY24, reporting a profitable 1Q despite a slightly lower revenue.

But this was when the research house lowered its target price to RM3.60 per share, revising downwards MSM’s earnings estimates, despite maintaining its “buy” call.

By the 2Q ended June 30, things went awry as the group posted a net loss of RM32.4mil despite an uptick in revenue.

MSM cited high input costs –mainly raw sugar, freight expenses and the weakened ringgit – as the main culprits.

MIDF flagged another issue, an inventory write-down, as MSM’s sugar prices struggled to compete with a surge of cheaper imported sugar from approved permit players.

Bought and sold. Was on holiday during the steep plunge otherwise bought back already haihz

Buyyyyyyyyyyyyyyyyyyyyyyyy

Note: I have very few DNEX left yawns come lower let me buyback

Whatever happened to this project? Isn't Ekovest the King of cancellations

https://www.nst.com.my/business/2017/07/258663/ekovest-banking-river-life-project

Renetering Ekovest, hold till Jan'24 exercise.

A convincing break below 4 USD to ringgit will be a huge catalyst for MSM. Whether that happens sooner or a recovery in its exports remain to be seen

Following dragon's analysis, every dip on this renewed uptrend is a buy. Unfortunately missed out the early morning odd steep fall.

Yes PMX did it. Increase sugar tax on sugary drinks purportedly to wage war on sugar, but maintain price control at RM2.85 to have malaysian sugar cheapest in the world 🤣

Bullish pattern forming, high chance of a big spike soon. Fundamentally it's terrible lol. Newsflow, could be bad - war on sugar, PMX could tax sugar to discourage consumption + continue to cap sugar price at 2.85 to encourage consumption both at the same time 😎 that'd be a poor outcome for MSM

@dragon from your stock selection, if you bought enough, you are set for this life and next 😆

The buyer isn't hiding anymore...feel like chasing high somemore but I refrain 😂

Just averaged up at 2.22 yesterday hoohoo

Reentering at 0.335 good luckkk

Yes bro 30% ago. Bet DNEX after 50% can swap back to those blue chips 😆



SinGor

Tenaga and water supplier is a better BET

11 minutes ago

Now MSM has the benefit of riding MYR strength and having locked in lower NY11 prices for subsequent gains. Their increased storage capacity will allow them to "trade" export segment for higher prices. A turnaround in 3Q looks elusive. However given another quarter for them to adjust their poorly timed hedges, they will quickly turn profitable with a sizeable quarterly profit of between 40-50M. They will then be trading at a very low PE relative to newbie's consumer sector stocks.

Other catalysts:

1) Bringing in a partner in MSM Johor with a sizeable offtake. Think Wilmar. Not sure why it didnt go through, whether it is political or not. Even if Wilmar doesnt come in, MSM Johor will be increasingly valuable over time. The market is niche and regulated, someone will want in. E.g. if they open it up to Syed Mokhtar he will snap it up without further tot

2) Corporate exercise by Felda. Since their 2019 blunder which coincided with Ringgit crash, Felda has been suffering from no returns whatsoever by MSM. The moment MSM turns around there will be huge pressure from major shareholder to monetise. This will directly benefit minority shareholders

MSM's 2Q loss is as I have correctly speculated now that it's confirmed by BIMB - it's a hedging loss. Much has been said about their export segment trading on current prices therefore ensuring a small margin - this isn't true looking at last quarter. They hedged raw sugar cost too high and forced to sell at market. They did it reluctantly, hence the marked to market losses of 18M for unsold inventory and a sharply qoq export volume. Based on their internal export target, they have attained only 1/3 in 1H confirming their restraint in exporting at low prices.

IOIPG is moving nicely showing bullish momentum albeit in low volume, which is healthy at this juncture - it shows less willing sellers at this price. Its trading above both 20 and 40MA and gaining strength right at 200MA. The stock has made consecutive higher lows in an acsending triangle. Barring any bad news on global rates or further singapore property cooling measures, a big vertical bounce is imminent before it consolidates again at previous highs around 2.50+. Look out for increasing volume to verify the renewed uptrend

A lot can be inferred when all baby tech stocks are being sold off while EPF and Aberdeen buys UWC

This means that all AI data centres will sooner have to go through DNEX to facilitate their operation and setup. This marks the emergence of a sizeable private bumi company in this area - otherwise it will only be dominated by foreigners and chinese corps - not conducive for operations in a country where the population has 80% bumi majority. By March 2025 DNEX Technology could be renamed as DCNEX to reflect its dominance in data centres services in Peninsular Malaysia. Finally the likes of YTLP, MYEG and Infineon will sign lots of MOUs with DNEX for the next stage of explosive growth




BitcoinTotheMoon

dnex will be the sime darby in tech industry. sime darby is the representative of selling car in malaysia. while dnex will be the representative of AI technologin in malaysia. it will become the important component to drive technology to make malaysia become a AI aspiration country.

19 minutes ago

Touched 1.33 if there's a reversal I think we can hold and wait. If it continues charging up the players are back, ride it chase it if you dare 😎

Feeling pitiful that DNEX today has to resort to NIISE to save itself 🤣🤣🤣

Totally agree with Natsuko, NIISE belongs to DNEX, in DNEX we trust 😆😆😆