All Comments on MFLOUR Reload

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Immortal Soul
6 Like · Reply
Big retracement coming, time to take profit guys
Immortal Soul
As expected
Like · 1 day · translate
Bursa Poker
Dun say i never mention a.. This stock going to drop slowly and slowly....
Like · 1 day · translate
ys wesly
2 Like · Reply
Hold still 1 rm...
Mohd Razif Mohd Shah
It will test 1.00 again n indirectly form cup n handle
Like · 1 day · translate
Bursa Poker
Let wait and see....How true to form cup + handle... :-0
Like · 1 day · translate
Hk Ngui
1 Like · Reply
dont rush, Mflour got bad flour and chicken biz. the CEO should step down
Shahari Ahmad
So you are saying to hold?
Like · 4 days · translate
Hk Ngui
i will hold a month
1 Like · 4 days · translate
View Chootk
3 Like · Reply
We are in commodity super cycle. What is going to happen to Mflour?
john lim
qr report if good...price should be going down
Like · 6 days · translate
Marcus Lim
unless the stock price has been in rally and going up until the news then it's sell on news...but in this case the price was going down so it should be alright to hold on will follow like MSM ...sugar and tepung like abang adik
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1 Like · 4 days · translate
Shahari Ahmad
2 Like · Reply
Shd I buy into this counter?
Bursa Poker
Give you slowly 1 day drop little by little.
Like · 1 week · translate
Shahari Ahmad
Seriously why so teruk?
Like · 1 week · translate
Kent Wong Kent Wong
2 Like · Reply
today give offer buy cheap prices
Kent Wong Kent Wong
I buy sikit sikit,simpan until hari raya
Like · 1 week · translate
Hk Ngui
i buy a bit for christmas
Like · 1 week · translate
Joseph Hii
5 Like · Reply
时进时退,好股一粒。长期看好你,加油。
Peter Chong
这股也被rss。。。。。
Like · 2 weeks · translate
Joseph Hii
很多人在收票,收越久,冲力更强。长期投资,等待hari raya
1 Like · 2 weeks · translate
Anderson Lim
4 Like · Reply
AMINVEST RESEARCH (11 FEB 2021)

· We maintain BUY on Malayan Flour Mills (MFM) with a higher fair value of RM1.33/share (vs. RM0.69/share previously). Our fair value of RM1.33/share is based on a fully diluted FY22F PE of 18x instead of FY21F originally.

· We have assumed a higher PE of 18x vs. 15x previously as we believe that MFM would benefit from having Tyson Foods as a partner. MFM would be able to leverage on Tyson Foods’ global customer network.

· Globe Newswire announced that Tyson Foods and Malayan Flour Mills have formed a partnership, in which Tyson Foods will invest 49% in MFM’s poultry division. The investment sum for the 49% stake was not disclosed.

· We have not factored the disposal of the 49% stake in the poultry division in MFM’s FY22F net profit yet. We believe that any loss of earnings from the disposal of the 49% stake would be compensated by higher interest income (from the disposal proceeds) or lower interest expense (from the repayment of borrowings).

· As at end-FY19, the poultry division’s gross asset value was RM1.0bil. We do not know the division’s liabilities. Assuming a price to gross asset value of 1.0x, the sale of the 49% stake in the poultry division would generate cash of about RM490mil. MFM would be able to use the cash to pare down borrowings, which stood at RM1.2bil as at end-FY19.

· More importantly, Tyson Foods would be able to help boost the earnings of MFM’s poultry plant in Lumut by being an off-taker. MFM would be able to sell some of its poultry products at the Lumut plant to Tyson Foods, which has a global network of customers.

· Currently, we forecast that MFM’s poultry division would break-even in FY21F after a loss of RM44.5mil in FY20E. We expect the poultry division to record an EBIT of RM23.6mil in FY22F. The poultry division recorded a loss before interest and tax of RM54.9mil in 9MFY20.

· MFM’s poultry plant in Lumut started operations in late-FY19. We believe that the poultry plant is currently operating at an utilisation rate of 40% to 50%. Due to Covid-19, which has resulted in limited dine-in at restaurants, the plant suffered from a drop in poultry demand on FY20. The plant has a total production capacity of 280,000 birds per day.

· We think that HORECA accounts for 60% of MFM’s poultry sales currently. We believe that MFM’s exposure to the live birds market has declined to 40% from 50% due to the commissioning of the poultry plant in Lumut in late-FY19.

AMINVEST RESEARCH (11 FEB 2021)
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MadLife Momo
gap up ????
Like · 2 weeks · translate
Boon Wah
TP RM2.0 due to Mat Tyson's involvement
Like · 2 weeks · translate
Gobinath Mann
4 Like · Reply
merger news very soon
Hk Ngui
merging with which company?
Like · 4 weeks · translate
Gobinath Mann
see..I told you guys
1 Like · 3 weeks · translate
trinix zen
4 Like · Reply
Sell on news again.. Typical Malaysian Mindset.. Speechless!
GC Lim
this kinda traders win 10 times not enough to cover 1 loss
3 Like · 3 weeks · translate