@zhexiangxd It’s unfortunate that the recovery couldn’t sustain.
This week’s The Edge Weekly has an article on a possible corporate exercise which was conditioned on $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)’s prior dire state. A probable value destructive deal must have played a role to the price action, I reckon.
Additionally, Syed Mokhtar and Felda is dancing at the shareholder’s level… who knows what will happen.
MSM’s upside is based upon a scaled MSM Johor operation and a local sugar floating price mechanism which minimises raw sugar cost risk thereby anchors its margin.
Will Felda / Gov decide to gobble up these upsides only for themselves or their friendly parties? Time will tell.