Ajinomoto Malaysia

Ajinomoto Malaysia

Postby winston » Wed Nov 05, 2014 4:01 pm

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Ajinomoto up as much as 2.75% on report it is undervalued

By Supriya Surendran

KUALA LUMPUR (Nov 5): Ajinomoto (Malaysia) Bhd ( Financial Dashboard) shares rose as much as 16 sen or 2.75% today to a high of RM5.98 on the heels of a TheEdge Research Insider Asia's Stock Pick report featured in the Edge Financial Daily yesterday, which said the stock was undervalued.

"There is one consumer stock that is overlooked by investors and trades at under half these valuations - Ajinomoto (M) Bhd," read the article.

The report said Ajinomoto is currently trading at just 1.3 times book with trailing 12-month price earnings of 12.5 times, which is below the broader market's average.

As at 3.14 pm today, Ajinomoto, which has been trending downward since October, is at RM5.95, up 13 sen or 2.23%, with 4,000 shares done.

Ajinomoto started as one of the very first Japanese joint venture companies in Malaysia, and manufactures monosodium glutamate, which it is renowned for, as well as salt, pepper, sweetener and instant soup.

Between FY March 2010 and FY2014, revenue had increased from RM284.6 million to RM345.5 million, while net profits had risen from RM23.9 million to RM28million.

"For the first quarter ended June 30, 2014 (1QFY15), revenue decreased slightly by 1.8% to RM86.2 million while net profit fell 1% to RM8.2 million due to higher advertising expenses; potential earnings growth drivers include lower key raw material costs and its new Tumix range of flavour seasoning," said TheEdge Research.

The article also added that the company's dividend payout ratio has been consistently above 40%, and that in FY2014, dividends totaled 18.5 sen per share, which translates to a yield of 3.2%

Source: The Edge
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Re: Ajinomoto Malaysia

Postby winston » Tue Dec 22, 2015 8:25 pm

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Ajinomoto rebounds as US fund emerges substantial shareholder BY JOSEPH CHIN

KUALA LUMPUR: Shares of food and seasoning company Ajinomoto (Malaysia) Bhd rebounded on Tuesday on news about the emergence of US-based fund FMR LLC as a substantial shareholder.

At midday, it was up 69 sen to RM9. There were 160,200 shares done.

According to a filing with Bursa Malaysia, FMR acquired 3.04 million shares or 5% stake on Dec 7.

On Dec 10, it bought 4,000 shares and bought 11,000 shares on Dec 11, increasing its shareholding to 3.06 million shares or 5.038%.

Last Thursday, Bursa Securities queried Ajinomoto Bhd after the recent surge in its share price which saw it hitting a high of RM9.30 – up RM2 from a week ago.

However, after the query about the unusual market activity, the share price tumbled on profit taking.

Source: The Star
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Re: Ajinomoto Malaysia

Postby winston » Sun Apr 17, 2016 8:09 am

Ajinomoto’s Vision 2020

BY TOH KAR INN

Optimistic about doubling its sales and tripling its operating profit from present figures, by financial year 2020 (FY2020) ending March 31.


Ajinomoto aims to achieve its FY2020 vision by establishing an adequate business model to provide the right value to each cultural segment in Malaysia, developing the Middle East market, as well as providing value to the Asean region by leveraging the new technology from Ajinomoto Co Inc.


Recently, US-based Fidelity Investments had begun accumulating shares in Ajinomoto, underscoring the renowned value investor’s optimism over the company’s long term prospects.


Ajinomoto’s current market share in Malaysia is more than 80%.

Its competitors are mainly house brands.


Domestic sales make up 65% of the group’s revenue.


Equipped with the halal certification from Jakim, Ajinomoto has ventured into the Middle East market by introducing its Ajinomoto umami seasoning product.


Source: The Star

http://www.thestar.com.my/business/busi ... sion-2020/
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Re: Ajinomoto Malaysia

Postby winston » Tue May 24, 2016 7:36 am

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Ajinomoto's price surge comes under scrutiny

BY JOSEPH CHIN

KUALA LUMPUR: Ajinomoto (Malaysia) Bhd's recent share price surge has come under scrutiny of Bursa Malaysia Securities Bhd which issued it an unusual market activity (UMA) query.

The regulator had on Monday ordered the food seasoning company to provide a reason for the UMA after enquiring with the directors, major shareholders and such other relevant persons.

At 12.30pm, Ajinomoto was up 34 sen to RM13.28 with 34,500 shares done.

Its share price has surged 15.4% from RM11.50 on May 16. Over the past 30 days, its share price has jumped 41.2% from RM9.40.

The FBM KLCI was up 1.45 points or 0.09% to 1,630.24. Turnover was 894.27 million shares valued at RM478mil. There were 260 gainers, 387 losers and 346 counters unchanged.

Bursa Securities had also advised investors to take note of Ajinomoto's reply to the UMW query when making their investment decisions.

Ajinomoto is a food and seasoning manufacturer which is well-known for its Ajinomoto Umami Seasoning, a world-renowned brand of monosodium glutamate (MSG).

Umami is described as savoury, and is the fifth basic taste apart from sweet, sour, bitter and salty.

Other brands under its belt are seasoning products Tumix, Seri-Aji, Aji-Shio, Aji-Mix, and sweetener PalSweet.

The group also produces seasoning variants for industrial use.

Source: The Star

http://www.thestar.com.my/business/busi ... -scrutiny/
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Re: Ajinomoto Malaysia

Postby winston » Tue May 24, 2016 7:36 am

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Ajinomoto's price surge comes under scrutiny

BY JOSEPH CHIN

KUALA LUMPUR: Ajinomoto (Malaysia) Bhd's recent share price surge has come under scrutiny of Bursa Malaysia Securities Bhd which issued it an unusual market activity (UMA) query.

The regulator had on Monday ordered the food seasoning company to provide a reason for the UMA after enquiring with the directors, major shareholders and such other relevant persons.

At 12.30pm, Ajinomoto was up 34 sen to RM13.28 with 34,500 shares done.

Its share price has surged 15.4% from RM11.50 on May 16. Over the past 30 days, its share price has jumped 41.2% from RM9.40.

The FBM KLCI was up 1.45 points or 0.09% to 1,630.24. Turnover was 894.27 million shares valued at RM478mil. There were 260 gainers, 387 losers and 346 counters unchanged.

Bursa Securities had also advised investors to take note of Ajinomoto's reply to the UMW query when making their investment decisions.

Ajinomoto is a food and seasoning manufacturer which is well-known for its Ajinomoto Umami Seasoning, a world-renowned brand of monosodium glutamate (MSG).

Umami is described as savoury, and is the fifth basic taste apart from sweet, sour, bitter and salty.

Other brands under its belt are seasoning products Tumix, Seri-Aji, Aji-Shio, Aji-Mix, and sweetener PalSweet.

The group also produces seasoning variants for industrial use.

Source: The Star

http://www.thestar.com.my/business/busi ... -scrutiny/
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Re: Ajinomoto Malaysia

Postby winston » Wed Nov 30, 2016 6:32 am

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Ajinomoto to distribute bulk of compensation to shareholders

BY TOH KAR INN


KUALA LUMPUR: Ajinomoto (Malaysia) Bhd will distribute bulk of the RM165.99mil compensation from the government for the compulsory acquisition of its plot of land in Jalan Kuchai Lama to its shareholders.

Ajinomoto managing director and CEO Keiji Kaneko said on Tuesday the remainder would be used for investments over the next five years.

However, no decision had been made as yet on whether to accept the compensation and it had until end-December to decide.

The compulsory acquisition was to make way for an upcoming MRT line and carpark.

“We will finish moving the plant to our main site by end of March next year. The compensation, when accepted, will be used for investments for the next five years, though majority of the money will be distributed back to the shareholders,” said Kaneko.

Ajinomoto has until end of June 2017 to evacuate its plant from the 7.58-acre land down Jalan Kuchai Lama to its main site.

Apart from that, the company expects a double digit growth in its profit for financial year ending March 31, 2017, driven by effective production and appropriate usage of sales and promotional expenses.

For the first half of FY17, Ajinomoto registered revenue and net profit of RM198.02mil and RM24.97mil, an increase of 4.5% and 10% respectively, from a year ago.

Source: The Star
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