I attended the AGM today. Got flour as door gift. Hehe. Plus Kenny Rogers card.
I asked the Chairman during AGM on his suitability as an INDEPENDENT bcoz he holds shares (I think more than 5%). His answer was very brief that his shareholding is below 10%.
I thought more than 5% already means he is a substantial shareholder and on that basis how come he is considered an independent director? His son also should be redesignated as a non-independent by virtue of their relations.
I am happy to see MSWG putting few queries. I hope MSWG will write a letter to the Board regarding my query on the so called independent chairman.
This counter NTA around 1.36 and this level price now hard to drop below this at NTA except make huge losses. Too late to sell. Just wait it rebound and just consider sell. No need too panic.
it will take long time to recover as this is more due to forex loss. Buy raw material in US dollar and sell in rupiah or vietnam dong or ringgit. This currency devalue a lot compare to US dollar. Probably still can go do down below nta if us fed hike the interest rate later. Sell it before very too late.
If you are a businessman. When cost increase automatically you will increase the selling price for your products. Just USD strengthen too fast and mflour can't adjust the step too fast like many companies. But for sure for short term investor can consider to sell because need take time to recover.
poor management. PPB's flour business is making money. They also use the flour to make maximo bread. This mflour only sell raw material.. .. very primitive business model.....i think the board of directors lack of creativity, innovation..
poor risk management... no contigency plan to overcome forex fluatuate.. slow in taking action... better all the directors retired and let young energetic people to take over.
Jolie2 be director for mflour I think sure very geng one oh. Management lack of experience to overcome forex only ma ...don't ask all director retired la...why so serious? Fired market very huge d, really hard to control. U can control?
ringgit down 20% ... profit drop more than 70%... you think oil price down-meh ??? The board really sleeping on their job... i check the directors profile... some of them politicians ... sell tepung and ayam also need politician-kah ??? Wake up-lah. Get some-one that have 100% interest in real business-lah ... not part-time business , part-time play politic.
You see PPB director ... under Mr Kuok... all director is professional businessman,,,,, no politician in their board of director.
@jolie2 - may be good you explain to other what is your intention to give comments here. Perhaps people understand where you coming from? Most of your comment here and other thread all negative. Not sure you want and ask people to sell or what. Also you never give strong data or even provide people with alternative how should they channel their money too?
Jolie2, sure they want sleep also everyday. Don't so extreme. Actually Mr Teh managing director also got almost 9% to 10% share in Mflour company, he will very take care and concern one. Who like their share depreciate one.
Aiyah jolie2. Board of advisor only ma. ^^. No power transfer or inject 1MDB fund into mflour oh. Don't talk la. if 1MFM=1MDB.Then 1+1=0 and your father=your mother le.
since we have kept this stock for 3 years or above, why not we awaiting another 1 or 2 quarter to see how this company can sustain to improve their financial results. I never regret to keep mflour for so long time.Luckily, I got two companies that perform good in terms of price share moving up recently. First, hapseng/wa and magni.
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....
chinkeong88
192 posts
Posted by chinkeong88 > 2015-03-22 13:15 | Report Abuse
In term of EPS, PE, DY