MALAYAN FLOUR MILLS BHD

KLSE (MYR): MFLOUR (3662)

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Last Price

0.625

Today's Change

-0.01 (1.57%)

Day's Change

0.625 - 0.635

Trading Volume

2,934,800


23 people like this.

7,336 comment(s). Last comment by thundery 4 weeks ago

Sohai

692 posts

Posted by Sohai > 2014-08-24 05:59 | Report Abuse

Buy back...

Abudance

2,211 posts

Posted by Abudance > 2014-08-24 21:17 | Report Abuse

If want to concert wa to mother.. Is it rm2.06 plus current price of wa? Can anyone help advice pls. Thank

suz99

104 posts

Posted by suz99 > 2014-08-25 08:50 | Report Abuse

yes, to convert wa to mother share, current price of warrant plus the exercise price rm2.06.

Posted by awkokbeng > 2014-08-25 10:17 | Report Abuse

don"t convert wa , sold wa buy mother

venton

159 posts

Posted by venton > 2014-08-25 11:04 | Report Abuse

hehe, topup at RM2 again :)

Bryan Ng

107 posts

Posted by Bryan Ng > 2014-08-25 11:18 | Report Abuse

profit up but share price down?

BumbleBee

602 posts

Posted by BumbleBee > 2014-08-25 11:19 | Report Abuse

contra players throwwwwww.......sell on news whatever news hihihiiiiiiiiiiiii

Posted by chinkeong88 > 2014-08-25 11:22 | Report Abuse

3 sen saja, no surprises compare to last year. Last year give more... this year only market price increasing

トム

2,984 posts

Posted by トム > 2014-08-25 11:32 | Report Abuse

chinkeong88, 你把2H2014吃掉了?.......

looyee

222 posts

Posted by looyee > 2014-08-25 11:57 | Report Abuse

Tom, did you sell WA, buy mother?

トム

2,984 posts

Posted by トム > 2014-08-25 12:28 | Report Abuse

暂时不想卖warrant。。。。

Posted by Kuanyee Saw > 2014-08-25 12:32 | Report Abuse

still can buy in?...

Posted by chiongster1234 > 2014-08-25 12:39 | Report Abuse

good resutls...

トム

2,984 posts

Posted by トム > 2014-08-25 12:46 | Report Abuse

actually the result is pretty bad, but still better than Q2 2013

samcghee

670 posts

Posted by samcghee > 2014-08-25 13:28 | Report Abuse

look for long term. The result will be more beautiful for next quarter. Lat mflour and its warrant to take rest before further moving up.Tom, do u agree?

looyee

222 posts

Posted by looyee > 2014-08-25 13:48 | Report Abuse

According to press release about Mflour a few months back, the plant in Indonesia should be (hopefully) operating this quarter. I hope its performance in Indonesia will be good.

トム

2,984 posts

Posted by トム > 2014-08-25 14:12 | Report Abuse

yes, agree with you samcghee. Do you know what's the status of proposed share buyback?

DickyMe

14,885 posts

Posted by DickyMe > 2014-08-25 16:41 | Report Abuse

Time for reversal!! 1.88

Abudance

2,211 posts

Posted by Abudance > 2014-08-25 19:04 | Report Abuse

Wa dropped a lot. Hope that rebounds also!!

abdulrahim

397 posts

Posted by abdulrahim > 2014-08-26 09:47 | Report Abuse

good result

Posted by Tan Tze Ming > 2014-08-26 10:23 | Report Abuse

y drop?

samcghee

670 posts

Posted by samcghee > 2014-08-26 10:28 | Report Abuse

up down up down to balance up first. Awaiting for next wave

ray81

631 posts

Posted by ray81 > 2014-08-26 11:55 | Report Abuse

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.

Rinoa

80 posts

Posted by Rinoa > 2014-08-26 14:16 | Report Abuse

this is the time to clear out some beginners with no holding power, then it will rebound :) the usual pattern

ray81

631 posts

Posted by ray81 > 2014-08-27 13:33 | Report Abuse

gear up for another wave of UP

huat2628

177 posts

Posted by huat2628 > 2014-08-28 09:55 | Report Abuse

tom, u still hold ?

トム

2,984 posts

Posted by トム > 2014-08-28 10:48 | Report Abuse

@huat2628 嗯,还持有着没变动。。。。我们不提持有长期或中期什么的,要是靠近买进的价格我就会卖掉

DickyMe

14,885 posts

Posted by DickyMe > 2014-08-28 10:55 | Report Abuse

DickyMe Time for reversal!! 1.88

25/08/2014 16:41

huat2628

177 posts

Posted by huat2628 > 2014-08-28 14:47 | Report Abuse

drop !

ray81

631 posts

Posted by ray81 > 2014-08-28 15:29 | Report Abuse

i still keeping ....powerwk?

Rinoa

80 posts

Posted by Rinoa > 2014-08-28 16:24 | Report Abuse

If you look at the low volume traded, pretty obvious the ones with no holding power are letting go. I believe majority of mflour players are long term investors. Next wave will come once the small fishes are eaten up

トム

2,984 posts

Posted by トム > 2014-08-28 16:27 | Report Abuse

just sold warrant & wait to buy back, but still holding mother share

ray81

631 posts

Posted by ray81 > 2014-08-28 16:30 | Report Abuse

wow...what happen...why sudden drop???

nskim0909

71 posts

Posted by nskim0909 > 2014-08-28 16:33 | Report Abuse

wa...drop so many a...but still dun wan to bother it...wakakakaka

Rinoa

80 posts

Posted by Rinoa > 2014-08-28 16:50 | Report Abuse

treat it as a discount for new investors :) weaklings running away!

Posted by zillionkoh > 2014-08-28 17:03 | Report Abuse

is time to load more.

vioscity

375 posts

Posted by vioscity > 2014-08-28 21:26 | Report Abuse

ini kan SELF RAISIN FLOUR ... why keep dropping one ...

venton

159 posts

Posted by venton > 2014-08-28 21:34 | Report Abuse

last year the dividend is 12cent per share, this year if the divident is 6-8cents, it is still good for current price :)

Sohai

692 posts

Posted by Sohai > 2014-08-29 00:10 | Report Abuse

Tomorrow +turbo tp3.0

powerwk

1,690 posts

Posted by powerwk > 2014-08-29 00:55 | Report Abuse

ray81 - I still holding :-) did not plan to sell. But as mention in previous comment I only hold mother now (sell warrant and buy more mother).

looyee

222 posts

Posted by looyee > 2014-08-29 09:47 | Report Abuse

wa...kena bomb..I buy back too early...:S

ray81

631 posts

Posted by ray81 > 2014-08-29 10:00 | Report Abuse

market is very volatile......hope MFlour will survive and not drop back to 1.5

balvin71

1,154 posts

Posted by balvin71 > 2014-08-29 10:21 | Report Abuse

Me too....buy back too early. will wait to average down.

vioscity

375 posts

Posted by vioscity > 2014-08-29 10:47 | Report Abuse

DROP AGAIN ..... DIE LAR .....

lching

1,402 posts

Posted by lching > 2014-08-29 10:48 | Report Abuse

Result good but price drop. Market toppish.

ray81

631 posts

Posted by ray81 > 2014-08-29 10:55 | Report Abuse

Interim single tier dividend of 3.0 sen per ordinary share of RM0.50 each.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 5 September 2014 ]

2) The last date of lodgement : [ 9 September 2014 ]

3) Date Payable : [ 19 September 2014 ]

looyee

222 posts

Posted by looyee > 2014-08-29 11:15 | Report Abuse

hope support comes in soon

samcghee

670 posts

Posted by samcghee > 2014-08-29 11:19 | Report Abuse

wah! drop from 2.10 till 1.86, Really big drop. Next friday is the exdate for dividen.

looyee

222 posts

Posted by looyee > 2014-08-29 11:28 | Report Abuse

if they announce 6 sen dividend, the share will not drop this way.
Nevermind, it is a good company, just wait for the next quarter.

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