yup, effects of El Nino is weakening. Cooler weather abound will translate to lower pricing and increased production of wheat and improvement of margins for MFlour!
Hey guys, do you think MFLOUR will rise to its original price level before the stock split? Would it be at the price level like Malaysian Sugar and BERNAS?
Index near all time high now, retest on this counter will begin soon, will it withstand the new waves..... Or q earnings report will supresss the sentiment.....let see the wrestle.................cheers.
Hello Yean, need to wait for the next quarterly report. 23rd if not mistaken. That will give you an indication how the company is doing, and price will move accordingly after that.
son of the Chairman coming in, and a supposedly marketing consultant with impressive credentials. Now lets hope he can bring in the sales to the likes around this region!
yeah, as my estimate is, back to the 1.6x range! give it another quarter, and with the hope of El Nina taking effect, wheat price will go down and margin will be bigger for Mflour!
looking good on the revenue department! 10% increase in revenue! Fundamentally still good for the price!
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/06/2012 30/06/2011 30/06/2012 30/06/2011 RM '000 1 Revenue 501,349 466,314 968,412 925,323 2 Profit/Loss Before Tax 8,058 22,766 8,134 62,740 3 Profit/Loss After Tax and Minority Interest 6,374 17,583 4,324 49,740 4 Net Profit/Loss For The Period 4,212 15,144 3,614 44,935 5 Basic Earnings/Loss Per Shares (sen) 0.88 4.69 0.90 13.91 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Tangible Assets Per Share (RM) 1.1600 0.9700
with it back in the black as estimated, the next two quarters will be good! Its moving along nicely. should be around 1.6x position now! allow the many disappointed ones to sell first (am not sure why they are disappointed with the numbers, because this is showing expansion as explained). good chance to buy in.
I am just reading the report downloaded from Bursa, they have every opportunity to raise price due to the current margin squeeze, yet they choose not too. They are not owners of Gardenia, but supplier if my reading is right. This goodwill I think will be reciprocated by al-bukhrary group when they increase their market share next year or 2014 by another internally forecasted 5%. Good buying opportunity now
Hi, all. Please don't be afraid. I am currently holding 100 lot, buying at 1.61. However, I can feel the company must have a good prospect in long run. I believe my foresight.
it falls back into black already SJsoon, and yet if you read the report, the flour side is still not recovered fully yet. "Poultry integration" and "feeds and trading in feeds ingredients" has so far showed strength and already pushed them into positive territory. I believe it has yet to capture this coming quarter's festive seasons, like Deepavali and year end and New Year, Mind you CNY is also in January 2013 itself. Its already valued around 1.6x when they returned to the black at this quarter's announcement. Let those who wants to leave, let them be! you must trust your own judgement!
it is my believe the last quarter's price have not reflected the Raya festives season. This is because company needs to prepare the accounts for the SC's retention and then onwards submission to auditors. You can usually note this when the report in bursa malaysia will state it as unaudited. It takes times, and usually about 60-90 days preparation.
if the above is true then, add the puasa month and Raya and that the festives that are still coming (like Deepavali, school holidays, Christmas, New year etc), you have a very strong quarter earnings next round. To me, it was already in place when i predicted that it would return to the black, and it was so! It should be valued to me around 1.6x currently. Market may still be ruing at the perceived not so strong earnings and also no dividend declared.
next month a possible 10- sens jump for the whole duration and reach my 1.77 by end of the year? One can only hope! :)
Because the market situation is unstable most of them buy n sell in short teams. But base on the previous records for consumers product will be up when near CNY, so I'm believe will reach 1.80 by end of the year.
Yean, don't need to worry sometime we can't justify when is the time come. Just believe in yourself.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KC Loh
13,701 posts
Posted by KC Loh > 2012-08-10 15:47 | Report Abuse
oversold earlier. now moving down. :(