Malayan Flour

Malayan Flour

Postby winston » Tue Apr 28, 2020 9:01 am

not vested

Trading Buy: MFLOUR – 3662
Essentials such as flour and grains may remain intact
(Last price: RM0.565, Potential upside +28.3%)


Company Profile

MFLOUR is involved in flour and grains trading as well as integrated poultry business.


Trading Catalyst

Flour and grains segment recorded EBIT of RM45.1m in 4Q19 vs. RM30.8m in 4Q18 due to favourable margins arising from higher ASP and better production efficiency in 4Q19 offsetting operating loss in poultry segment.

MFLOUR proposed to repurchase up to 10% of its total issued shares or a maximum of 100.74m. We view this as a positive move to stabilise the recent fall of the share price following the Covid-19 outbreak.

The SBB will be funded internally throughout the company’s retained profit (c.RM481.3m in FY19). SBB could benefit when they are being sold higher and make exceptional gains for the company or being distributed as share dividends to shareholders.

Technical View
Resistance: RM0.605 / RM0.65 / RM0.725
Support: RM0.54 / RM0.53
Cut loss: RM0.525

Key Financial Stats
Dividend yield: 5.3%

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Malayan Flour

Postby winston » Thu Nov 23, 2023 2:38 pm

not vested

Malayan Flour Mills Bhd (MFlour) posted a net profit of RM24.21 million in the third quarter ended Sept 30, 2023 (3QFY2023) that was 47.62% lower than the RM46.21 million posted a year ago, owing to higher input costs and a stronger US dollar.

Quarterly revenue declined by 3.07% to RM774.91 million compared with RM799.45 million, mainly attributed to lower sales recorded in the period.

Source: The Edge
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118528
Joined: Wed May 07, 2008 9:28 am


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