If you go the supermarkets, you can see that there are many small flour millers that are not listed in Bursa. They produce flour that are mostly cheaper than MFM. Not to mention Tepung gandum 1 Malaysia.... Generally consumers will go for the cheaper version. Wheat flour is wheat flour whatever the brand?
The only positive fact is that MFM is involved in poultry business as well. If MFM overseas business is good then this stock will rise with time due to the dividend payout.
let's put the PE at 8 ,and the earning say 120M so the EPS is around 22 sen then the share price will be about 1.78. So just estimate how long MFM will take to increase its profit to 120M, at the moment ,it still cannot make 80M.
MFLOUR is consumer product and a good and solid stock for medium to long term. IMHO... Should collect from time to time when you have money and the power to hold the stock. When the wheat price get adjusted and the government also agree to increase the control price then it will move up bit by bit.
Teng Cherng, I hv held this stock for 2 years at 2.02 till i averaged down at 1.98. Not had much movement. It's been 'stuck' since it split! Still waiting for flour price to be increased leh
I have never encountered such a kookoo fellow like you. Just that I didn't want to waste time on a kookoo fellow. but now you with the combination of a con man, cannot tahan laready
Oh no..... the little boy run away already! He should be happy he has a lot of supporters, not including me! I heard hospital bahagia managed to secured the highest enrollment last year, no small feat and contribution from little donkey Dave!
Those who sold before his 1000 index came must be chasing him all around the coconut trees now! Hahahahahahha
Eh tapir, I just checked, my mflour is 1.35 now wor? I thought drop below 1.20? Together with -wb, you could only dream what you can catch up with me with your hongleong counters LOL
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....
tonylim
4,796 posts
Posted by tonylim > 2013-06-02 16:56 | Report Abuse
kekeke you crack me up.
Not bad for a slow weekend