Yes ah, but once have to go, go lah dun know the future, only can guess., need to see the Q results, to see how, may be 22 Aug 2014, if the results come out fast meaning less adjustment near perfect.
I have make lot from the warrant. Understand from percentage wise not good to switch but long term still look promising to hold mother. May be a bad move for me and I could be wrong. But I still earn 10 cents today from mother :-)
Malayan Flour Mills - Flourishing ASEAN consumer play
Author: kltrader | Publish date: Tue, 5 Aug 09:05
An upcoming ASEAN consumer play with flour business in Malaysia, Vietnam and Indonesia.
Project 2-year net profit CAGR of 20% on tumbling grain prices.
We fairly value the stock at MYR2.70 (15x FY15 PER). Growth, yield, low valuation – all in one bag
Malayan Flour Mills Berhad (MFlour) has business operations in both flour production and poultry farming, with a strong market positioning. As a flour producer, it is Malaysia’s second largest and Vietnam’s biggest. In FY13 (Dec), Vietnam accounted for 26% of Group’s revenue and we expect its regional earnings to grow with its first flour mill in Indonesia commencing in 3Q14.
MFlour is a beneficiary of the falling grain prices. Grain prices have been on a free fall since May 2014 (wheat: -29% since May, corn: - 30% soybean: -16%) and the supply outlook is pointing towards sustainably low prices. With wheat making up 80-90% of its flour production cost and corn/soybean making up the bulk of its poultry cost, we expect margin expansion to boost its earnings.
We project a 2-year net profit CAGR of 20% on a 2-year revenue CAGR of 5% and margin improvement of 1.8-ppt in FY14-15 (from FY13). Trading at 11.4x FY15 basic EPS and 13.6x on a fully diluted basis, we think the valuation is undemanding, compared to its bigger cap peers (PPB Group: 17x, QL Resources: 21x). The stock also offers high net dividend yields of 4.3-4.8% at sustained FY13 54% DPR. We fairly value the stock at MYR2.70, based on 15x FY15 PER (on basic EPS). The stock is Shariah compliant.
Not that long ago(2012) Muhibah drop below 1.00 on loss.Have to look at the business and management to invest.If buying/selling purely on recommendations then be careful!
@joerakmo banks meet with management, look at the business and get a lot of info we don't get before making recommendations. But their analyses have lots of underlying assumptions which could end up being wrong so need to be careful yeah.
Don't expect the counter will keep on up. MFlour need to breath and consolidate so drop couple of cents is good and normal. If MFLour did not drop a little then I am more worry then anyone :-)
Don't think that the issues. Most likely profit taking or those that did not have holding power or those that are scare about the market volatile. If i read correctly, it only one day. How long they can do this? It a no benefit activities.
As long as Dow Jone do not drop 300 points mflour should be ok. anticipate it will drop on friday as punter need to clear position T3.Time to accumulate and wait for next wave.
Next week is quarter announcement. Special Dividend announcement I'm told by my remisier. ... Profit taking usualDJ drop again yesterday cos of ukaraine problems n Russia now boycott Europe n USA goods
Does anyone knowx the exact date of announcement for wuarter report pls? Wondering if there still is a possibility of upside to that date after 30 s fall ...
based on past trends should be on 20/8 or 21/8...it seems most mflour investors are looking forward to the coming financial results and hopefully dividend announcements
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....
Abudance
2,211 posts
Posted by Abudance > 2014-08-05 13:08 | Report Abuse
When is quarter report going to be announced?