Kian Loong Loh

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MSM’s share price climb puts Felda’s offer price for FGV in spotlight
TheEdge Tue, Mar 02, 2021 03:16pm - 24 minutes ago


KUALA LUMPUR (March 2): MSM Malaysia Holdings Bhd’s share price continues to be on an upward trend after the sugar refiner announced its quarterly financial results that showed a net profit of RM56.24 million in the fourth quarter ended Dec 31, 2020 (4QFY20).

As at the lunch break, MSM closed at RM1.34, up six sen or 4.7%, with 59.3 million shares traded. The stock hit an intra-day high of RM1.49.

At this share price, the country’s largest sugar refiner is currently valued at RM977.14 million.

The stock is currently trading at more than a year’s high, after its share price more than doubled from 56 sen last week following the posting of its financial results on Thursday.

MSM’s share price has exceeded a few analysts’ target prices at below RM1.30. The highest target price is at RM1.96 pegged by MIDF Amanah Investment Bank. The average target price of four analysts is RM1.41.

Interestingly, MSM’s share price is trading at a price higher than its parent company FGV Holdings Bhd, whose share price is currently trading at RM1.31.

The strong rebound on MSM has also cast the spotlight on the valuation of FGV shares considering that the plantation giant is in the midst of being taken private by its controlling shareholder Federal Land Development Authority (Felda).

With MSM’s share price having more than doubled recently, this means that FGV’s 51% controlling stake in the sugar company is now worth a lot more compared with the day when Felda launched its takeover offer in early December last year.

A back of the envelope calculation shows that FGV’s 51% stake in MSM is currently worth RM480.4 million at the closing price at noon break today, translating into 16.9 sen per share compared with barely 3.7 sen as at end-2020.

To recap, Felda made a mandatory takeover offer to FGV on Dec 8 last year, offering to acquire all remaining shares in the plantation group (excluding treasury shares) at RM1.30 per share.

The offer has been extended more than once. It will be closed on March 15 from the original deadline of Feb 2. As at Feb 25, Felda has raised its equity interest in FGV to 2.78 billion shares or a 76.32% stake.

MSM posted net profit of RM56.24 million for 4QFY20, compared to net loss of RM40.28 million a year ago, due to higher overall margin and lower finance cost.

For the financial year ended Dec 31, 2020 (FY20), its net loss narrowed to RM71.23 million from RM299.77 million a year earlier.

On its prospects, MSM said the outlook for FY21 remains challenging with economic disruption in the country from travel and movement restriction orders due to the Covid-19 pandemic.

However, with the implementation of the vaccination program, MSM said it anticipates national sugar consumption to gradually improve.
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听说这次的QR非常好。
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Today's limit up price is RM1.87.
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Show at this counter today.
新加坡上市公司成主要股东 海峡物流 交投炽热
Chinapress Tue, Mar 02, 2021 01:40am - 7 hours ago


(吉隆坡1日讯)新加坡上市公司合众控股(Avarga)独资子公司Avarga投资(Avarga Investment),在买入海峡物流(STRAITS,0080,主要板交通与物流)10%股权后,崛起成为该公司主要股东之一。



海峡物流向马证交所报备,Avarga投资是以每股17.5仙的价码,在场外买入公司约7810万股,相等于10%股份。海峡物流今日交投炽热,闭市起1.5仙至20仙,成交量高达1亿924万股。

目前市值约10亿令吉的合众控股是一家投资控股公司,主要从事造纸、发电和建材分销业务。该公司在5个国家运营,拥有逾800名员工,年营业额达45亿令吉。

何锦财冀朝向更好的发展。
何锦财冀朝向更好的发展。
海峡物流在文告指出,合众控股在入股后,有意在长期与公司寻求进一步的策略性合作。

海峡物流集团董事经理拿督斯里何锦财说,公司欢迎新的策略股东,并期待双方可缔造新的协同效益,引领公司朝向更好的发展。

海峡物流主要从事石油贸易和燃料加注服务、船舶管理、港口运营和管理、内陆运输和投资控股业务。该公司持股55%的子公司Tumpuan Megah发展在国内15个港口营运,并拥有13艘船只。

此外,根据合众控股2019年的年报,The Edge媒体集团主席拿督童贵旺和新加坡著名商人林荣福皆是该公司的主要股东之一。其中,后者直接持股约19.35%。
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new management new business model. impairment, gearing all going down. Very good sign. Finally profit 56m. Good potential to growth. Back to IPO price. RM 3.50
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Today will limit up and will continue tomorrow.
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heard that EPF is buying.
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FINANCIAL SUMMARY Earn a lot.
SYMBOL & CODE MTDACPI (5924)
CURRENT QUARTER Q3 2021
PAST REPORTS
Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019
CONSOLIDATED INCOME STATEMENT
Individual Period Cumulative Period
31 Dec 2020 31 Dec 2019 31 Dec 2020 31 Dec 2019
RM'000 RM'000 RM'000 RM'000
REVENUE
105,685 KLSE Quarter Report(+61%)
65,671
198,267 KLSE Quarter Report(+5%)
188,385
PROFIT/(LOSS) BEFORE INCOME TAX
20,456 KLSE Quarter Report(+721%)
-3,292
15,266 KLSE Quarter Report(+250%)
-10,191
NET PROFIT/(LOSS)
13,554 KLSE Quarter Report(+517%)
-3,252
8,379 KLSE Quarter Report(+183%)
-10,085
BASIC (BASED ON ORDINARY SHARES - SEN)
5.87 KLSE Quarter Report(+516%)
-1.41
3.63 KLSE Quarter Report(+183%)
-4.37
DIVIDEND PER SHARE (SEN)
0.00 KLSE Quarter Report
0.00
0.00 KLSE Quarter Report
0.00
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政府不可能会答应沙石出口。
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