Strong support at 0.74. But once the support is broken, the share price will pecah. Let's see wat our mflour pilot will do. Landcrash or fly to sky high.
better don't simply put your money in share market nowadays as klse bottom still not known yet unless you are super cash rich, i also stop averaging this counter. many counters keep breaking new low
gov should come out and throw some goodies into the market. Every stock sentiment so bad, everyday fresh low. Let's see next week, hopefully better. Bluechips are falling, making small cap stock jitterish
if i m not wrong, even a company director @ azhari bin arshad was caught "off guard' buying MFLOUR at 76.5 sen yesterday, i assumed he bought in the morning yesterday. today, price went down further, he's got no clue its going down. this azhari must be the sone of MFLOUR's prominent director, tan sri arshad ayub..
If you buy Mflour. Ringgit strength is non-issue. But Rupiah strength is important. So far Rupiah is good, so don't worry. Mflour also produces chicken feeds. So they don't need to import which can be costly when RM keeps weakening.
i bought MFLOUR both mom & son, to leverage my spread of portfolio. it's good to have this kind of stock in your portfolio of investment. never put all your eggs in one basket. sekali pecah, all busuk wor.. kiki
Ya too early to tell if 38 is the bottom. QR should be better YOY but QOQ abit tough. Don't know should top up more or not. I went and queue all done, hopefully tomorrow rebound can be sustain. Stupid bluechips keep weighing on the whole market sentiment.
20-25 pat and above? That would be insane. I am thinking of a more conservative point 15-20 pat. Anywhere 15-20 already good enough to see it is recovering. also dont forget that day 41 everyone says its the bottom. then it went crashing down again. It is like everytime hitting new lows. Anyway since Im in for the short mid term. lets hope for the best.
To recap quarter 3 2018 Operating losses incurred in poultry integration of RM13.2 million:- By excluding fair value loss of 7.7mil, poultry integrate still make loss of roughly 5.5mil due to unfavorable bird price(between RM5.30 to RM3.80)-Weighted Ave RM4.65. RM4.65 with operation loss of 5.5mil/(14.5mil ks(80,000*2kg each*91days)-assume it run full capacity).It make loss RM 0.37/kg for average selling price at 4.65/kg, in other words the break-even for live bird is around RM 5.02.
Let put this in current scenario, what will be the losses, if the bird price remain between 2.90-3.40 since 8th March 2019? Yesterday it was 3.20. just assume the live bird price up to RM5.20 by end of June, let take high low method. It was around RM 4.10, simple math roughly you will know what will be the loss for poultry.
Q3 2016 ave live bird price RM5.55 operation profit 18.9mil Q3 2017 ave live bird price RM5.25 operation profit 9.1mil Q3 2018 ave live bird price RM4.65 operation loss 5.5mil break-even (5.5/5.5+9.1)*(RM5.25-RM4.65)=RM0.23, so RM4.65+RM0.23=RM4.88(BE)
Every year bird price peaks at February, bottom at April, peak again in July, bottom again in September and rallying in December. As for those who worried about poultry biz, directors already said "Efforts are undertaken to improve feeds quality, DOC and broiler production volume, reduce production costs through better feed conversion ratio and lower mortality. Disease has been successfully contained." If you don't believe, no point investing in stock market.
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....
rob_z3_man
1,833 posts
Posted by rob_z3_man > 2019-04-17 16:21 | Report Abuse
Haha nth will hit the roof lol