Posted by Sebastian Sted Power > 2018-04-03 19:02 | Report Abuse

one of my best ever decision to clear all my stocks last month

@Matthieu, seem like heading to my previous purchase price 1.2-1.4.
@sapura, no need wait next QR. This week will hit 1.4; next QR if ugly confirm below 1.2

Posted by Matthieu Seven > 2018-04-03 19:41 | Report Abuse

that day after QR released I sold liao and predicted 1.40 price. Actually I was joking woth 1.40

WOW!! its reaching now. hahahaha

Posted by yfchong > 2018-04-04 19:21 | Report Abuse

1.20

Posted by Money122 > 2018-04-04 23:49 | Report Abuse

1.00 coming

Posted by Yael Jasper > 2018-04-05 14:39 | Report Abuse

try to get lower

Posted by LimKT > 2018-04-05 15:12 | Report Abuse

lowest again ... :-(

Posted by jordanmaggie61 > 2018-04-05 15:45 | Report Abuse

isComing！！

Posted by sapurakencana > 2018-04-10 18:02 | Report Abuse

i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.


3.unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.
14/03/2018 17:57
21/03/2018 20:03

Posted by DickyMe > 2018-04-11 17:45 | Report Abuse

Price manipulation. Don't know how many going to get burned. Casino counter.

Posted by Sebastian Sted Power > 2018-04-11 18:58 | Report Abuse

earn some handsome profits from last two days contra. I never expect this because previously this was one of my long term holding counter.

Please sell if anyone still hold. WIll back to 1.40 level very soon

Posted by Money122 > 2018-04-13 17:19 | Report Abuse

Wait till 1.20 or 1.00 then buy in can average down..?

Posted by EngineeringProfit > 2018-04-15 11:06 | Report Abuse

High volatility = gambling mode

Posted by Lyo82 > 2018-04-21 10:26 | Report Abuse

Wait till 1.20 or 1.00? I bet you will not dare to buy in if don't know what is happening. When it does retreat to 1.00, you might expect it to go lower to 0.80 ,0.60....etc. This is typical characteristic from most people.

Posted by Money122 > 2018-05-21 11:27 | Report Abuse

Any news about mflour?

Posted by Money122 > 2018-05-21 15:43 | Report Abuse

1.40

Posted by Money122 > 2018-05-23 11:31 | Report Abuse

Today market looks like ab normal ...so many stock down..

Posted by Money122 > 2018-05-23 11:54 | Report Abuse

Better run 1st before too late ..

Posted by sapurakencana > 2018-05-24 00:22 | Report Abuse

i wrote this statement to prevent management repeat same mistake/ no excuse to repeat same mistake unless they can clarify their actual reasonable reason to convince us.

from the report,i notice the inventory & biological asset level become high & higher from quarter to quarter.It seem not good for consumer product to keep so big amount of stock for this fast change enviroment. It also cause the cash level drop from 371Mil to 257mil. reduce almost 80mil,(equalvalent to 15 dividend can payout to shareholder).Borrowing 1.12billion also consider high if compare with net earning 72mil per yer. because interest incurred let said 2% already cost 24mil per year or may be more than that.


Foreign currency risk-15mil seem to high when ringgit malaysia become strong.For those who loan in USD 529milRM should benefit from strong ringgit.why it does not happen in this quarter.


3.unless they can solve the high debt & low sales issue.3.if foreign currency loss still appear in coming quarter.4 capital expenditure expect to be incurr 100mil per year. I prefer downgrade to RM1.40 for coming quarter if KLCI at 1790 level.

Posted by Money122 > 2018-05-24 15:11 | Report Abuse

Now KLCI at 1778 level, it may go to 1.40?

Posted by sapurakencana > 2018-05-25 14:47 | Report Abuse

Becareful of this counter, Foreign currency risk, Low sales high debt & high level of inventory & biological ,high capital expenditure may cause uncertainty of future profit. TP 1.30 by end of 2018

Posted by Money122 > 2018-05-28 17:37 | Report Abuse

Coming festive season may improve sale of flour... that mean price will up?

Posted by sapurakencana > 2018-05-29 21:43 | Report Abuse

i dont thinks so may be poultry integration segment wil continues show low profit,this segment nearly contribute 45% of total profit.

Posted by Outliar > 2018-05-30 19:23 | Report Abuse

This counter is done for, the signs were there last quarter

Posted by Sebastian Sted Power > 2018-05-30 20:40 | Report Abuse

from bad to worse

Posted by sapurakencana > 2018-06-01 22:48 | Report Abuse

Revenue (Mar2018) 563mil (Mar17) 604mil decrease 6.8%
(Mar2018) 563mil (Dec2017) 591mil means drop 4.8% ,it means no increase in revenue & also means that new plant still not bring any contribution to this quarter revenue & sales figure keep on droping,beware of this issue.

Posted by sapurakencana > 2018-06-01 23:18 | Report Abuse

Cost of good sold (Mar2018) 509mil (Mar 17) 527mil
operating expenses (Mar2018) 47mil (Mar 17) 40mil
why operating expenses increase 7mil when sales drop 6.8% impposible,i fear there is a wastage in production.

Interest expenses keep on increase (Mar2018) 6.7mil (Mar 17) 5.9mil due to loan undertake keep on increase .It nearly 2 time of current quarter net profit.

Share of (loss)/profit of equity accounted joint venture, net of tax (Mar2018) -1.5mil (Mar 17) 333K,
it means our foreign investment in indonesia & vietnam bring negetive return for this quarter.

Foreign currency gain (Mar2018)-16.7mil (Mar2017) 4.6mil,
Foreign currency gain (Mar2018)-16.7mil (Dec2017) -15mil,it means that what we hope the foreign currency gain from the bulk purchase(in USD) due to Strength of ringgit also unachieveable.imppossible happen in continues 2 quarter report incurred loss.What actually management achieve?

Posted by sapurakencana > 2018-06-01 23:32 | Report Abuse

Segmental sales & profit
Flour & Grain trading revenue (Mar2018) 406mil (Mar17) 403mil increase 0.7%
Profit (Mar2018) 5.85mil (Mar17) 22.39mil drop 73.8%
With this comparison means even though revenue increase ,profit keep on droping,rediculous !

Poultry Integration revenue(Mar2018) 157mil (Dec2017) 200mil decrease 21.5 %
Profit (Mar2018) 1.55mil (Dec2017) 13.38mil drop 89%
With this comparison means revenue drop ,profit droping even bigger,wil this trend be continue for coming quarter? this is important due to this segment contribute 27.88% of total revenue.

Posted by sapurakencana > 2018-06-01 23:49 | Report Abuse

From the cash flow statement we realise that capital expenditure keep on increase fr Acquisition of property, plant and equipment and intangible assets Mar2018(64,851,000) Mar 2017(18,746,000)
Increase in investment in a joint venture (8,119,000),total up 73mil & cause cash in hand drop RM355mil (Mar2017) to 238mil (Mar2018),when can all of us get the return from the above huge capital expenditure? 1year,2 year or 5 year?
If new plant still not bring contribution by next year ,how to convience investor coming quarter revenue & profit will increase. I can't even continue my analysis.

As a conclusion, due to revenue & profit can not improve & cap expenditure keep on increase, i rather put the TP RM1.10 by end of 2018 even though the company NTA RM1.46.

Posted by Money122 > 2018-06-11 15:27 | Report Abuse

If according to @sapurakencana analysis, I also tp as 1.10

Posted by Money122 > 2018-06-18 01:37 | Report Abuse

2 quarter less profits..why

Posted by Money122 > 2018-06-25 23:40 | Report Abuse

Anyone know mflour quarter report when will come out?

Posted by smartinvestor2 > 2018-06-27 21:50 | Report Abuse

no hope already.
1.00 soon

Posted by Money122 > 2018-07-05 03:48 | Report Abuse

If QR ok then maybe can go up

Posted by sapurakencana > 2018-07-19 09:48 | Report Abuse

Poultry Integration still can not turn around for the coming quarter due to it expension,may be need to wait 1 more year,becareful when invest.

Posted by michaelwong > 2018-07-19 17:24 | Report Abuse

All squeezing out to escape

Posted by ks5S > 2018-07-19 19:45 | Report Abuse

tiew-loh... right issue... faster run
can become penny stock this time

Posted by Sebastian Sted Power > 2018-07-19 19:49 | Report Abuse

sapura, you still here? Aiyo! Dont waste your time. Better sell this and buy more sapura

Posted by Money122 > 2018-07-20 10:10 | Report Abuse

Before right issue, the share price will drop? Any comments?

Posted by michaelwong > 2018-07-20 16:16 | Report Abuse

Mampus!

Posted by Money122 > 2018-07-25 09:34 | Report Abuse

Start to go up!

Posted by jason007 > 2018-07-25 12:04 | Report Abuse

good or bad ?

Posted by starleong84no1 > 2018-07-25 13:02 | Report Abuse

If there word ICULS appear, people will say that this company is in a bad business, alot bad debt not worth to further pump in money. But things alwasy got bad and good, see how we look into and how the surrounding business environment, even sometime we cant predict. For me i am also not sure, maybe it a good oppurtunity to continue pump in because the price keep on drop, worth to buy. For me the problem is the management, if you seen their track record in the past 15 year, business not bad, turn over ok, good dividend (that time every one say rather die to own it, now everyone say luckily sold early). Now the main problem is their financial report terrible, bad debt alot, business return failed (mayb competitor, raw material cost, world trade issue, i think other company also facing same issue but mayb their debt not so much so can hold). Howabout we think is this way, if ICULS can help them turn back to good track, management team change people, business restructure (back on their origin core business or review their poultry, reduce debt, put up the sales. I think it still worth to buy in in this low price, but if the management still dint change and fail us, then mayb that their end of time. As a long term investment, if their management can convince me, i do will continue pump in money. So one question, do anyone know their management. If got, pls told the management, pls convince their shareholder, give us some confident to show that you guys all is put in effort.

Posted by michaelwong > 2018-07-25 18:51 | Report Abuse

Now when the market is hot it is much better to put your resources in stocks with promising uptrend.....bro !

Posted by starleong84no1 > 2018-07-26 08:58 | Report Abuse

michaelwong : bro thanks for the advice.

Posted by Cipta > 2018-07-26 11:49 | Report Abuse

If not mistaken, Mflour just built a new jetty some 5 years ago in Lumut flour mill plant. But now request another RM48mil for extension of the existing jetty and upgrading of the ship unloader to allow larger ship to come in. My question is: How much saving for allowing Kamsarmax vessel of 84,000 deadweight tonnage to facilitate the unloading? How long is the breakeven from the saving?

Posted by Money122 > 2018-07-26 14:57 | Report Abuse

Now great volume buy in at 1.29

Posted by sapurakencana > 2018-07-26 21:53 | Report Abuse

Flour & Grain trading revenue (Mar2018) 406mil (Mar17) 403mil increase 0.7%
Profit (Mar2018) 5.85mil (Mar17) 22.39mil drop 73.8%
With this comparison means even though revenue increase ,profit keep on droping,rediculous !

Poultry Integration revenue(Mar2018) 157mil (Dec2017) 200mil decrease 21.5 %
Profit (Mar2018) 1.55mil (Dec2017) 13.38mil drop 89%
With this comparison means revenue drop ,profit droping even bigger,wil this trend be continue for coming quarter? this is important due to this segment contribute 27.88% of total revenue.
01/06/2018 23:32

be ware of the trap.

Posted by sapurakencana > 2018-07-26 21:55 | Report Abuse

From the cash flow statement we realise that capital expenditure keep on increase fr Acquisition of property, plant and equipment and intangible assets Mar2018(64,851,000) Mar 2017(18,746,000)
Increase in investment in a joint venture (8,119,000),total up 73mil & cause cash in hand drop RM355mil (Mar2017) to 238mil (Mar2018),when can all of us get the return from the above huge capital expenditure? 1year,2 year or 5 year?
If new plant still not bring contribution by next year ,how to convience investor coming quarter revenue & profit will increase. I can't even continue my analysis.

As a conclusion, due to revenue & profit can not improve & cap expenditure keep on increase, i rather put the TP RM1.10 by end of 2018 even though the company NTA RM1.46.
01/06/2018 23:49

be ware of the trap

Posted by sapurakencana > 2018-07-27 09:51 | Report Abuse

家禽加工厂预期需要两年的时间建造，投产后，预期每天可处理的家禽将从8万只走高至24万只。

水产饲料工厂则预期年杪可竣工，月产量将从2000吨提高至1万吨。

码头提升工程亦需要两年，完成后可容纳高达8万4000吨载货量的船只。

fr the above statement indicate profit may be realise after 2 years or need take more time due to testing n commissioning & get local authority approval before start production.

Posted by Lim Tek Wai > 2018-07-27 10:01 | Report Abuse

Best time to buy now !