Posted by TheCrown > 2023-05-25 17:17 | Report Abuse

Tomorrow might drop or dangerous.. End of the week, people take profit...

Posted by GS > 2023-05-25 17:24 | Report Abuse

2nd reminder : no change for existing retail ceiling price of RM2.85/kg (coarse sugar) and RM2.95/kg (refined sugar) !

Posted by ks5S > 2023-05-25 18:57 | Report Abuse

Tomorrow up again

Posted by EatCoconutCanWin > 2023-05-25 20:31 | Report Abuse

This minister really otak udang one. Sugar we eat daily if not tapis , how to eat.

Posted by icecool > 2023-05-25 21:16 | Report Abuse

tomorrow wake up early play again

Posted by monetary > 2023-05-25 21:21 | Report Abuse

May I know wtf is clear refined sugar?

Posted by newbie5354_ > 2023-05-25 21:43 | Report Abuse

GS sifu is it possible MSM to increase supply of fine white sugar(follow market price) but reduce supply of coarse sugar and refined sugar subject to government requirement?

GS
2nd reminder : no change for existing retail ceiling price of RM2.85/kg (coarse sugar) and RM2.95/kg (refined sugar) !

Posted by GS > 2023-05-25 22:44 | Report Abuse

I believe that's exactly what they want to do but government message is very clear, once consumer is complaning about the shortage of normal sugar supply.

both MSM and CSR will kena


in the case consumer prefer this new premium sugar than normal one, I think MSM will turn around very soon

Posted by MikeChong80 > 2023-05-26 00:45 | Report Abuse

Tomorrow limit up..1 day perform..😅

Posted by newbie5354_ > 2023-05-26 04:04 | Report Abuse

How much is MSM IPO price? Is RM 1.05 already expensive?

Posted by EatCoconutCanWin > 2023-05-26 08:13 | Report Abuse

Last time Chinese sugar king rules msm earn punya banyak. Since they took over, loss each quarters. SPRM should go in investigation, how can be like that. Should be inside scam or rasuah. Sugar is main source to use each day, if can't doing business well, don't blame the price. Is the attitude problem

Posted by 5354_ > 2023-05-26 09:16 | Report Abuse

Fine white sugar if priced at RM 4-RM 4.5/kg how much extra revenue/profit can MSM earn?

Posted by icecool > 2023-05-26 09:23 | Report Abuse

1 day show

Posted by moven00 > 2023-05-26 09:32 | Report Abuse

Game Over

Posted by 5354_ > 2023-05-26 09:43 | Report Abuse

U-turn government yesterday announcement?

Posted by mf > 2023-05-26 09:50 | Report Abuse

rip

Posted by 5354_ > 2023-05-26 09:53 | Report Abuse

No sugar good for you is it? RM 50-100 Anwar show can watch for 2 hours in cinema extra RM 1 no $ to pay for sugar?

curiousq

gov will let them raise the price before the states election?

17 hours ago

Posted by 5354_ > 2023-05-26 10:28 | Report Abuse

Tak boleh bayar lebih? Call kopi o ais haha.

nicholas99

kopi ais saya dah habis.. mesti capai rm5 secawan.

17 hours ago

nicholas99

msm naik harga untuk consumer. Government tambah tax untuk consumer.. kopi ais ni pun tak bagi minum. ini government.. tak boleh la.

17 hours ago


nicholas99

election Anwar mesti kalah this time.

17 hours ago

Posted by MichelleNg > 2023-05-26 10:28 | Report Abuse

Do you think msm can have billions profit with no ceiling price? How come earlier Robert Kwok can have profit event the selling price of sugar just around rm1 for many years?

Posted by 5354_ > 2023-05-26 10:30 | Report Abuse

Like telur and ayam case who cannot pay extra no need to eat that's all but for how long?

Posted by goldenluck16 > 2023-05-26 10:33 | Report Abuse

Profit won't go up much. Don't expect it to trend higher.

Posted by profit profits > 2023-05-26 11:09 | Report Abuse

which companies supply fake sugar (sakarin) ? people would change to use substitue like steavea base sugar

Posted by MichelleNg > 2023-05-26 12:29 | Report Abuse

For healty life should consume lesser sugar. Selling price going sky high later msm will report loss with poor management....

Posted by ks5S > 2023-05-26 14:14 | Report Abuse

MSM shares trims gain after closing near 15-month high
By Hailey Chung / theedgemalaysia.com
26 May 2023, 10:27 am
Updated - 10:34 am

main news image
KUALA LUMPUR (May 26): Shares of MSM Malaysia Holdings Bhd fell 5.71% or six sen to 99 sen in early Friday (May 26) trade, after it closed near its 15-month high on Thursday.

The sugar producer's stock soared to RM1.05 on Thursday, the highest since RM1.08 on Feb 22, 2022, following the government’s announcement that MSM could sell fine white sugar at market price effective immediately.

At the time of writing, MSM shares were actively traded, with 10.73 million shares changing hands.


The counter saw 44.2 million in trade volume on Thursday.

Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub on Thursday said the condition the government has imposed on sugar refiners to sell fine white sugar is that there must be coarse and refined white sugar supply of 42,000 tonnes a month.

Salahuddin said the existing ceiling prices remain on coarse and refined white sugar, which is at RM2.85/kg for coarse and RM2.95/kg for refined white sugar.

According to MSM, Malaysia’s sugar is the cheapest in the region, with the Philippines limiting its sugar price at RM8.50/kg, followed by Singapore and Vietnam both at above RM6/kg, Indonesia (RM4.40/kg), and Thailand (RM3.20 to RM3.50/kg).

In a note on Friday, BIMB Securities Research said the selling price of fine white sugar is expected to be RM4.20/kg, which would appeal to large industrial customers given the potential cost savings.

“We are cautiously optimistic on the new product though we expect demand to gain traction particularly next year given larger acceptance and understanding of its benefits,” BIMB said.

“We also acknowledge that demand for the product could potentially demonstrate resilience among the targeted market and customers, particularly the industrial users.”

The firm reiterated a “buy” call on MSM with a new target price of RM1.49 (previously 95 sen).

Posted by Moneyking543 > 2023-05-26 14:50 | Report Abuse

back to square again 😂

Posted by xuxu > 2023-05-26 15:02 | Report Abuse

aiyoyo ~ really ? bought back 0.96-0.97 test water

Posted by moven00 > 2023-05-26 15:44 | Report Abuse

BIMB very ambitious. Immediate resistance pun cannot cross. Don’t talk about 1.49 tp

Posted by Invstor > 2023-05-26 17:27 | Report Abuse

QR sudah released. next week gap down lagi..

Posted by ks5S > 2023-05-26 17:37 | Report Abuse

u think government want msm to close shop meh?. they open a road to them to come back strong

Posted by ks5S > 2023-05-26 17:39 | Report Abuse

the loss is reducing.

Posted by Moneyking543 > 2023-05-26 17:46 | Report Abuse

*increase

Posted by xuxu > 2023-05-26 17:49 | Report Abuse

improved qr haha

Posted by ks5S > 2023-05-26 20:01 | Report Abuse

MSM intends to grow the export footprint further between 12-15% in the near term.

“Global sugar prices have been bullish due to food security concerns and global demand outstripping production. The export market attractiveness will spur MSM volumes into China, Philippines and Indonesia,” it said.

Posted by ks5S > 2023-05-26 20:03 | Report Abuse

govt open the road for MSM to export more to overseas. Oversea market have good prospect as USD is strong , ringgit is weak.

Posted by ks5S > 2023-05-26 20:06 | Report Abuse

KUALA LUMPUR (May 26): MSM Malaysia Holdings Bhd is set to see its margins improve from the sale of fine white sugar at a floating price, which has just been allowed by the government, say analysts.

However, the analysts believe the loss-making group is likely to experience the “positive effects” only next year as time is needed to market the new premium product.

“We shall see the positive effects starting next year, given that the larger acceptance and understanding of its (fine white sugar) benefits would take some time to digest,” MIDF Research told The Edge.

“As more marketing jobs need to be done for the new product, additionally, they (MSM) also need to have the volume before they can break even and cushion the margin erosion coming from higher input costs of refined and coarse sugar.”

MSM and Central Sugar Refinery Sdn Bhd (CSR) — the two largest sugar producers in Malaysia — have been supplying refined sugar and coarse sugar at the set retail ceiling price of RM2.95 per kg and RM2.85 per kg, respectively, which the government said is set to continue.

MSM argued that persistent price ceilings have curbed its ability to deliver better earnings which, coupled with rising labour and input costs and a shrinking ringgit, have made for a challenging environment in which to operate.

The company, owned 51% by plantation outfit FGV Holdings Bhd, has reported losses for the past seven quarters straight. For the first quarter ended March 31, 2023 (1QFY2023), the company saw its net loss widen by 29.59% to RM35.88 million, from RM27.68 million a year earlier, as a result of lower margins and higher operating costs.

Quarterly revenue fell 1.26% to RM588.39 million from RM595.92 million, due to reduced export sales volume in order to prioritise local sales demand.

For the latest full financial year (FY2022), MSM sank into the red with a net loss of RM178.71 million, from a net profit of RM125.35 million in the previous year, despite a 13.55% rise in revenue to RM2.57 billion from RM2.26 billion.

The company did not declare a dividend for FY2022 while its latest dividend distribution of three sen per share was the lowest ever since its incorporation in 2011.

Both MIDF Research and BIMB Securities Research expect the new premium product to sell at RM4.20 a kg.

“Generally, this (new product) will improve the overall margin and over the loss-making coarse grain sugar since the selling price is 57% higher,” MIDF Research said.

BIMB factored in a preliminary assumption that MSM may produce 70,000 tonnes of fine white sugar in FY2023, which would garner a revenue of RM70.5 million or about 2% of total revenue.

And based on an annual output of 100,000 tonnes, BIMB foresees fine white sugar providing MSM a revenue of RM103.8 million in FY2024 and RM113.7 million in FY2025.

“We are cautiously optimistic on the new product though we expect demand to gain traction particularly next year given larger acceptance and understanding of its benefits,” BIMB said.

“We also acknowledge that demand for the product could potentially demonstrate resilience among the targeted market and customers, particularly the industrial users,” it added.

Including the bright prospects of the new product, the completion of rectification works for MSM's Boiler 1 at its Johor plant, and normalisation in costs, BIMB forecasts MSM to post a net profit of RM62.1 million in FY2023, RM74.4 million in FY2024 and RM111.1 million in FY2025.

Posted by Jenggo Jenggo > 2023-05-26 21:52 | Report Abuse

Slowly collect for future

Posted by ks5S > 2023-05-26 23:24 | Report Abuse

the govt open the back door to escape loss. Front door close for wayang only.... no increase price.

Posted by ks5S > 2023-05-27 06:57 | Report Abuse

with the export volume expand, the plant utilization increase . productivity increase, cost reduce

Posted by 5354_ > 2023-05-27 07:54 | Report Abuse

TP: RM 1.5?

Posted by ks5S > 2023-05-27 09:02 | Report Abuse

chicken price now sell at market price and majority of the public listed company belong to Chinese make money.

Posted by ks5S > 2023-05-27 09:04 | Report Abuse

do u think the govt will let syed mokthar msm company continue bleeding by not selling at market price ?.i don't think so

Posted by ks5S > 2023-05-27 09:08 | Report Abuse

the govt will help msm . there are more plans coming

Posted by bb2ualways > 2023-05-27 14:15 | Report Abuse

Hopefully can drop below 0.95 for us to collect.
My group will be in Monday morning.

Posted by trustmenojoke > 2023-05-29 11:42 | Report Abuse

government protect msm

Posted by xuxu > 2023-05-29 11:53 | Report Abuse

I'm accumulating.....

Posted by bb2ualways > 2023-05-29 20:50 | Report Abuse

Good time to collect. Manage to collect today below 0.95
Tomorrow continue to collect from opening bell

Posted by ks5S > 2023-05-30 10:23 | Report Abuse

accumulate. govt support msm

Posted by xuxu > 2023-05-30 10:25 | Report Abuse

wowowow ! gogogo ~ bau 1.0

Posted by xuxu > 2023-05-30 10:53 | Report Abuse

3 cts to closer and closer, tambah minyak lah

Posted by moven00 > 2023-05-30 17:53 | Report Abuse

Shark trap more retailer. Then biasalah report says very negatively on the company prospect/ earning. Those who think can jump in, will kena again second round soon.