Severely undervalued. Easily RM2 in 6 months

Deep discount, should buy more

Kuok bought significant stake into Techbond, price will open at RM1 on tuesday. Congrats

I wait RM3

Sept 2021 will be the month to SkyRocket

It will fly to RM2 very soon

Fantastic Financial Results given the circumstances. AEON managed to cut cost and transformed itself for higher growth. Price will shoot up next week

RM3.60 by next month

GENM will go towards RM3.50 in the very short-term

On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.4245 per Placement Share to be issued pursuant to the Private Placement.



The aforementioned issue price of RM0.4245 per Placement Share represents a discount of approximately RM0.0467 or 9.91% from the 5-day weighted average market price of the Company from 5 March 2021 to 11 March 2021 of approximately RM0.4712 per Share.



This announcement is dated 12 March 2021.

Good quarterly results. Can only improve from here

Super last minute to release QR?

RM1 TP

Strongly supported. No issue to skyrocket this year

Exactly @Pisangraja. This is hidden gem. Institutions/syndicates are just pushing down to collect at bargain prices. The chart looks good to continue rocketing up

Of course it will go up @Penang123, dont believe these ppl wanna catch at low price. TP1.5-2.0

AMINVEST RESEARCH

We maintain BUY on Malayan Flour Mills (MFM) with a higher fair value of RM1.33/share (vs. RM0.69/share previously). Our fair value of RM1.33/share is based on a fully diluted FY22F PE of 18x instead of FY21F originally.

· We have assumed a higher PE of 18x vs. 15x previously as we believe that MFM would benefit from having Tyson Foods as a partner. MFM would be able to leverage on Tyson Foods’ global customer network.

· Globe Newswire announced that Tyson Foods and Malayan Flour Mills have formed a partnership, in which Tyson Foods will invest 49% in MFM’s poultry division. The investment sum for the 49% stake was not disclosed.

· We have not factored the disposal of the 49% stake in the poultry division in MFM’s FY22F net profit yet. We believe that any loss of earnings from the disposal of the 49% stake would be compensated by higher interest income (from the disposal proceeds) or lower interest expense (from the repayment of borrowings).

· As at end-FY19, the poultry division’s gross asset value was RM1.0bil. We do not know the division’s liabilities. Assuming a price to gross asset value of 1.0x, the sale of the 49% stake in the poultry division would generate cash of about RM490mil. MFM would be able to use the cash to pare down borrowings, which stood at RM1.2bil as at end-FY19.

· More importantly, Tyson Foods would be able to help boost the earnings of MFM’s poultry plant in Lumut by being an off-taker. MFM would be able to sell some of its poultry products at the Lumut plant to Tyson Foods, which has a global network of customers.

· Currently, we forecast that MFM’s poultry division would break-even in FY21F after a loss of RM44.5mil in FY20E. We expect the poultry division to record an EBIT of RM23.6mil in FY22F. The poultry division recorded a loss before interest and tax of RM54.9mil in 9MFY20.

· MFM’s poultry plant in Lumut started operations in late-FY19. We believe that the poultry plant is currently operating at an utilisation rate of 40% to 50%. Due to Covid-19, which has resulted in limited dine-in at restaurants, the plant suffered from a drop in poultry demand on FY20. The plant has a total production capacity of 280,000 birds per day.

· We think that HORECA accounts for 60% of MFM’s poultry sales currently. We believe that MFM’s exposure to the live birds market has declined to 40% from 50% due to the commissioning of the poultry plant in Lumut in late-FY19.

AMINVEST RESEARCH

Wrong la pisangraja. They are buying 49% of dinding ayam, a subsidiary of Mflour. Based on revenue, dinding ayam contributed rm700Mmil out of RM2.8bil revenue in 2020.

So if they are willing to pay RM420 mil for a subsidiary, hence Mflour's actual valuation is much higher than RM1

News item above could easily push MFLOUR to RM3

Tyson Foods buys a 49% stake in the poultry segment of the Malaysian food manufacturing company
Kuala Lumpur, Malaysia and Springdale, Ark., USA – 10 February 2021 – Tyson Foods, Inc. (NYSE: TSN) and Malayan Flour Mills Berhad (KLSE: MFLOUR) today announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others.

“Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in the country and across priority export markets.”

TYSON FOODS MALAYSIA currently operates one plant and one innovation center. MFM’s vertically integrated poultry business includes feed mills, hatcheries, farms and processing facilities.

“We are pleased to partner with Tyson Foods to expand MFM’s long-established poultry business,” said Teh Wee Chye, managing director for MFM. “Tyson Foods is one of the world’s largest food production companies with a strong global manufacturing and distribution footprint. Malaysia is one of the key poultry markets in Southeast Asia, with a high per capita consumption of poultry. Together with Tyson Foods, we look forward to increasing our halal poultry product offerings in the country, especially in the further processed poultry segment, as well as exporting to demand markets with the help of Tyson Foods’ global network.”

Malaysia’s halal industry market value is expected to reach $147.4 billion USD (RM614.36 billion) by 2025, according to the Halal Industry Development Corporation (HDC). The country exports about $9 billion USD (RM35.4 billion) in halal-certified products.

“Our global resources and robust innovation capabilities paired with MFM’s more than 30 years of expertise as a leading poultry player in the country, enable both companies to make halal-certified products more readily available and affordable,” said Tan Sun, president of Tyson Foods APAC.

MFM’s gold standard in Halal certified poultry products complements Tyson Foods’ Malaysia business, which is also recognized as a leader in the country’s Halal food industry.

In FY20, Tyson Foods generated $6 billion USD in international sales, which included U.S. export sales. Rabobank Singapore acted as the international financial advisor to MFM.

About MFM

Established in 1961, Malayan Flour Mills Berhad (MFM) is the pioneer in the flour milling industry in Malaysia. Over the years, MFM has grown to become one of the leading flour millers in Malaysia. Outside of Malaysia, MFM also has presence in the flour milling industry in Vietnam and Indonesia. In Indonesia, MFM is one of the shareholders in PT Bungasari Flour Mills Indonesia, along with Toyota Tsusho Group (Japan) and PT FKS Food and Ingredients (Indonesia). MFM ventured into the poultry feed business in 1983 and since then has expanded considerably across the poultry value chain in breeding, farming and processing, to become one of the leading poultry integrators in Malaysia. In November 2019, MFM commissioned a new state-of-the-art poultry processing plant with a processing capacity of up to 280,000 birds per day. MFM’s group revenues in FY19 were RM2.7 billion. Visit MFM.COM.MY to learn more.


About Tyson Foods

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 139,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit TYSONFOODS.COM to learn more.

Media Contacts
Tyson Foods: HLI YANG, +1-479-290-2122
MALAYAN FLOUR MILLS BERHAD

Category: IR, Newsroom

https://www.tysonfoods.com/news/news-releases/2021/2/tyson-foods-and-malayan-flour-mills-berhad-announce-partnership

When retailers shift from Banking to Retails e.g. AEON. RM1.20 is easy peasy...

If stay =>RM1 by end of today, will easily rally towards Xmas

99 rally coming soon

KABOOM

Tidur dulu...spike up lain hari

Soon, it will goreng like PARKSON

Touched 99sen.......zzzzzz

Goreng started in afternoon, can breach RM1 anytime

KUALA LUMPUR (Dec 8): MIDF Research has raised its target price for Aeon Co (M) Bhd to RM1.18, from RM1.01 previously, based on 18.7 times the earnings per share of 6.3 sen for the financial year ending Dec 31, 2021 (FY21).

The research house said it is feeling upbeat over the group’s longer-term prospects despite the near-term challenges caused by the Covid-19 pandemic, after having a virtual meeting with Aeon Co’s management team.

“Based on some of the pointers the management shared, we deduce that performance in FY21 is likely to be better than in FY20 although it may not be recovering to the pre-pandemic level yet.



“From there onwards, we expect a firmer recovery from FY22 onwards in view of some of the new growth plans the management is putting in place,” said MIDF Research analyst Ng Bei Shan in a note today.

Ng also noted that the impact of the coronavirus on the group’s business in different regions varied. For instance, its Johor business was adversely impacted by the closure of the Johor-Singapore border and the company is looking into cross-border delivery.

The analyst said the management shared that it has identified a new flat-price model to be rolled out next year as the company plans to open up 10 stores of such format.

On top of that, Ng said it is reviewing the positioning of Aeon Wellness to avoid direct competition with other mass market pharmacies or wellness stores, besides looking to further refine its offering by bringing in new imported products from Japan.

“This will be with the help of data analytics to provide relevant offerings to customers. The company has also embarked on a membership consolidation exercise across its different businesses, which will see its member base increase to two million by end of the year,” said Ng.

Furthermore, the management team also shared that it will continue to be agile in its marketing plans in order to make the online and offline shopping experience more seamless for customers, said Ng.

“On the flipside, it will continue to consolidate its procurement and purchases at the group level to garner better scale and bargaining power when liaising with its suppliers,” she added.

Following the group’s upbeat prospects, Ng has upgraded Aeon Co to "buy" from "trading buy", but he made no changes to the group’s earnings forecasts.

“We think Aeon Co will be able to benefit from the recovery of the economy and consumer spending. On top of that, valuation appears much more attractive now. Although consumers increasingly shop online especially since the pandemic, we think that offline shopping will continue to have its place with an experiential offering that online shopping cannot displace.

“As such, we think that retailers such as Aeon Co that adapt to the changes in consumer behaviours will stand out in the long term,” said the analyst.

At the time of writing, shares in Aeon Co had risen one sen or 1.06% to 95 sen, bringing its market capitalisation to RM1.33 billion. It saw some 1.94 million shares traded.

Just hold.. no worries, the time will come

Above RM1 today closing

This warrant has potential to go to 30 sen, Recovery Theme Recovery Theme

AEON FINALLY WOKE UP

This is the slowest goreng in history

TP 1.13!!

My TP is also RM1.13 . Will hold until reaches that price

I trust u sunnyleong

RM70bil released from KWSP. This will boost sales for AEON

MAYBANK RESEARCH - November 25, 2020

AEON Co. (M) (AEON MK)

Things are looking up

U/G to BUY with a higher TP of MYR1.07

AEON’s 3Q20 results met expectations. Operations at both its retail and property management services segment have turned around and we expect earnings to gradually recover in sequential quarters. No change to our earnings estimates. Rolling forward our valuation base year to FY21, our TP is raised to MYR1.07 (from MYR0.84) based on lower 14x PER (- 1.5SD to 5-year mean; previously 21.5x, -0.5SD to 10-year mean) to better reflect AEON’s current operating environment. Hence, we U/G AEON to BUY with a total shareholding return of 46%.

3Q20 core net profit of MYR21m (+146% YoY, 2Q20 core net loss: MYR3m) brought 9M20 core net profit to MYR27m (-56% YoY), reflecting 49%/44% of our/consensus full-year earnings estimates. We deem this within our expectations as we anticipate for seasonally stronger sales in 4Q. No dividend was declared during the quarter.

AEON’s 3Q20 revenue grew by 4% QoQ on the back of improved consumer spending upon easing social distancing measures during the recoveryMCO, and lesser impact from rental waivers. This was evident in both its retail (+3% QoQ) and property management services’ segmental revenue (+7% QoQ). Further, 3Q20 EBIT surged 83% QoQ while EBIT margins increased by 3.3 ppts QoQ, similarly due to margin recovery in both its core segments (retail: +3.4 ppts QoQ; property management service: +9.2 ppts QoQ).

We leave our earnings estimates unchanged. We are encouraged by AEON’s robust turnaround in earnings post-initial stages of the MCO and we anticipate for sequential earnings to continue on an uptrend given that 4Q sales are historically boosted by festive sales. Although the CMCO may soften retail sales, we expect AEON’s earnings to be supported by stable property management services segment which accounted for 95% of AEON’s 3Q20 EBIT.

MR DIY market cap RM15bil, AEON market cap is only RM1bil. When aunties uncles goreng 1 stock, the force is unstoppable

So many vaccines!! RM1 by year end!!

After Vaccine found + potential automatic moratorium + technical chart => RM1 is looking increasing likely

Ini kalilah. TP RM2.0

TRUST IN MAH SING!

TP RM1.0

Gloves factory. Confirmed

HUAATTTT

Rm1 target

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075734

Reference is made to the news article titled “Mah Sing plans to venture into healthcare products” appearing in The Star dated 31 July 2020.



The Board of Directors of Mah Sing (“The Board”) wishes to clarify that Mah Sing’s plastics manufacturing division is exploring new expansion opportunities in healthcare related products.



The Board will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad should there be any material information which falls under the Main Market Listing Requirements.



This announcement is dated 7 August 2020.

Yes strong rumour they buying a Glove factory. Too much land and money for operations