They already said 2019 a significant improvement. But the exchange rate doesn't side with them now. And everybody knows this coming QR will be very good because Jan-Mar RM strong. But in stock market, we look very far ahead one.
Yes ,earning is improve,Congrate but earning per share drop due to increase in paid up capital from 755Mil to 1029 mil. Cash & Cash equivalant also drop to 147mil from 238 mil. Finally no dividend annouce even though earning improved.
Flour segment accounts 22 mil (93% of total operating profit),Poultry intergration segment only generate 1.9mil (7.9% of total operating profit).Can this segment improve? let wait & see.
MFLOUR has been in negative FCF for years and running short of cash which require a Rights issue. Still expect them to pay dividend ? Its like raising shareholder's money to pay themselves. Smart management, not so for the shareholders.
the QR result is expected. The new plant will not be ready until Q4. Q2 is probably worse than Q1 due to US$.
Share price may move side way or drop for a few months if current market sentiment remains the same. With some stocks at multi year low, there may be better options, especially if RM continues to weaken.
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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....
husky88
698 posts
Posted by husky88 > 2019-05-24 09:40 | Report Abuse
Cham