Malayan Flour Mills Berhad

$MFLOUR / 3662 (MALAYAN FLOUR MILLS BERHAD)
Research by RHB

KUALA LUMPUR: Stocks to watch today include Maxis Bhd, ITMAX System Bhd, PIE Industrial Bhd, Malayan Flour Mills Bhd (MFM), PPB Group Bhd, Epicon Bhd, NationGate Holdings Bhd and GIIB Holdings Bhd.

Malayan Flour Mills Bhd (MFM) has earmarked RM300mil for capital expenditure (capex) for 2024 (FY24) to strengthen its growth.

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM), a staple foods producer, reported a significant increase in net profit to RM37.9 million for the first quarter ended March 31, 2024 (1Q24) from RM10.4 million in the same period last year.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) has earmarked RM300mil for capital expenditure (capex) in its financial year Dec 31, 2024 (FY24) to strengthen its growth engines.

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

General Meetings: Outcome of Meeting

@terence775 I guess $MFLOUR / 3662 (MALAYAN FLOUR MILLS BERHAD) also got impacted by reading this old analyst report haha

https://cutt.ly/YeqJBZ05

I wonder if MFM would be impacted ($MFLOUR / 3662 (MALAYAN FLOUR MILLS BERHAD)) as they do supply chickens to some retail restaurants but not sure if it's KFC.

Changes in Director's Interest (Section 219 of CA 2016) - MR PRAKASH MENON (Amended Announcement)

Annual Report & CG Report - 2023 (Amended Announcement)

KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) is investing a total of RM100 million in the financial year of 2024 (FY2024), of which RM32.0 million will be used to install a new milling line in Lumut.

© New Straits Times Press (M) Bhd

Proposed Renewal of Authority for Share Buy-back

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

OTHERSPROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK

$MFLOUR / 3662 (MALAYAN FLOUR MILLS BERHAD)
Research by Ambank
Buy (Maintained) – FV of RM0.80

“Flour to offset poor poultry earnings”

• We maintain BUY on Malayan Flour Mills (M Flour) with an unchanged fair value of RM0.80/share, based on FY25F PE of 8x, which is the 2-year average. We ascribe a neutral 3- star ESG rating to M Flour.

• Although M Flour’s poultry earnings are expected to be poor in FY24F, this would be more than compensated by a recovery in flour profits.

• Even so, we have reduced M Flour’s FY24F net profit by 5% to account for weaker contribution from the poultry joint venture. We forecast M Flour’s share of earnings in the unit to be a loss of RM12mil in FY24F vs. a positive RM25.9mil in FY23 due to a drop in poultry demand from quick service restaurants.

Analyst(s):
Gan Huey Ling, CFA
gan-huey-ling@ambankgroup.com

MFLOUR - Notice of Book Closure

KUALA LUMPUR: Staple foods producer Malayan Flour Mills Bhd dipped into a net loss of RM6.68 million for the year ended Dec 31, 2023 versus RM145.04 million net profit previously, after accounting for a fair value loss on its contingent receivable.

© New Straits Times Press (M) Bhd

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Second Interim Dividend

Additional Listing Announcement /Subdivision of Shares

Changes in Director's Interest (Section 219 of CA 2016) - MR PRAKASH MENON

Changes in Director's Interest (Section 219 of CA 2016) - MR LIM PANG BOON

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MADAM DUANGMANEE LIEWPHAIRATANA

Changes in Director's Interest (Section 219 of CA 2016) - DATO SERI ZAINAL ABIDIN BIN MAHAMAD ZAIN

Changes in Director's Interest (Section 219 of CA 2016) - MR TEH WEE CHYE

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MADAM AZLIN BINTI ARSHAD