MFM aims to be one of the largest poultry players

TheStar Tue, Mar 12, 2019 09:01am - 5 years View Original


“We forecast MFM’s net profit to improve by 293.8% in FY19 and 16.9% in FY20 as operations normalise and contribution from the new poultry and aqua feed plants come in,” said AmInvestment Bank in its initiation report on the company

“We forecast MFM’s net profit to improve by 293.8% in FY19 and 16.9% in FY20 as operations normalise and contribution from the new poultry and aqua feed plants come in,” said AmInvestment Bank in its initiation report on the company

PETALING JAYA: Malayan Flour Mills Bhd (MFM) is expected to be one of the largest integrated poultry players in Malaysia by 2020, upon the completion of its poultry processing plant in Lumut during the third quarter of 2019.

According to AmInvestment Bank, MFM’s earnings growth and operating profit margin should be sustained in the long-term.

   

With an installed production capacity of 240,000 of chickens per day, MFM would entrench its position as the biggest producer of broilers in the country.

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