Msm Malaysia Holdings Berhad

Titan Trading Notes For Friday [25/4/2025]:

KLCI had a slight rebound back towards the 1506 points region with an overall mixed market sentiment here as we still saw over 420 counters closing red for the day. Daily trading volume remains average around the 3 billion mark, which is still nothing too exciting yet.

Main stocks that showed strong buying momentum today would be the likes of BPURI, POS, CIMB, TANCO, YONGTAI, DBRHCOM, KPJ, AXIATA, and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list.

Now most of you should know that there was a massive security breach on brokerage accounts using N2N platforms i.e. CGS, AFFIN, TA Securities, APEX, and etc. today, leading to unauthorised purchase of BPURI, BPURI WB, and POS shares, leading to a huge surge in volume and buying momentum today.

Definitely something very scary going on here, and should be the first to ever happen at such a large scale in Malaysia. As such, I would ask everyone to be cautious and avoid trading such stocks for the time being as we don't know what will Bursa and SC's next steps be.

I will not comment on these stocks either. I am one of the more fortunate ones that wasn't affected by this. But I do know some of my friends that were affected and are now suffering from huge losses due to these unauthorised trades. Still no idea what's their next step is going to be.

Among others, $YONGTAI / 7066 (YONG TAI BERHAD) was quite interesting as it broke out huge from its RM 0.19+ major resistance and rallied all the way towards the RM 0.22 regions with huge volume and buying momentum out of nowhere today.

So far looking quite good here and if able to sustain above its RM 0.19+ immediate support, could continue to trend back up towards the RM 0.235 - RM 0.25+ resistance levels soon in the coming weeks.

Will be monitoring YONGTAI closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) since retracing back towards the RM 0.86+ major support levels, been able to recover quite well over the past few weeks here, even breaking out strong back towards the RM 1.26+ regions with good volume and buying momentum.

So far looking quite strong here and if able to sustain above its RM 1.20+ immediate support on the daily chart, could continue on towards and beyond the RM 1.35+ major resistance levels once more in the coming weeks.

Will be monitoring MSM closely

@titantrading $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) exploded

Titan Trading Notes For Monday [10/3/2025]:

KLCI retraced back towards the 1547 points region with an overall mixed market sentiment as we still saw over 560 counters closing red for the day here. Daily trading volume remains low around the 2.4 billion mark, still mainly dominated by sellers here as foreign funds continue their outflows.

Main stocks that showed strong buying momentum would be the likes of OPPSTAR, DNEX, SNS, and RTECH. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

Shortly after announcing Malaysia's partnership with Arm Holdings, $OPPSTAR / 0275 (OPPSTAR BERHAD) had a huge breakout all the way towards the RM 0.68 regions with good volume and buying momentum, making it the star performer for the day.

That said, it still sustained heavy selling pressure which led the stock to close back around the RM 0.535 regions here, which isn't too good yet. For now needs to hold well above its RM 0.52+ immediate support levels before we can expect further upside here.

Will be monitoring OPPSTAR closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) on the other hand since taking a huge hit and retracing all the way back towards the RM 1.12+ major support levels over the past week, seems to have formed its bottom already and bounced back towards the RM 1.19 regions with decent volume.

So far seems to have bottomed out already and if able to sustain, could bounce back towards the RM 1.30+ regions here if able to breakout from its RM 1.25+ major resistance levels in the coming weeks.

Will still be monitoring MSM closely here

Titan Trading Notes For Friday [7/3/2025]:

KLCI retraced back towards the 1558 points region with an overall positive market sentiment today as markets finally started to rebound strong after the huge sell offs from the days before. That said, overall daily trading volume remains low around the 2.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, DNEX, SNS, YTL, INARI, HARTA, and JCY. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) was definitely one of the star performers today as it was able to breakout strong all the way towards the RM 0.99 regions with good volume and buying momentum here after retracing all the way back towards the RM 0.88+ major support levels earlier this week.

Overall still sideways here but if able to breakout from its RM 1+ major resistance levels, could start trending back up towards the RM 1.05+ major resistance levels soon in the coming weeks here if able to keep this up.

Will be monitoring MYEG closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) took a pretty huge hit earlier this morning after briefly testing the RM 1.20 regions, it took a huge hit all the way back towards the RM 1.12+ regions with huge selling pressure.

That said, was able to rebound strong back towards closing flat around the RM 1.17 regions here with good volume, suggesting strong buyers coming in to neutralize the selling activities already. If able to sustain, expecting some rebound back towards the RM 1.25+ resistance levels after the sellers had been neutralized.

Will be monitoring MSM closely.

Sharing from remisier

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)

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🚀 MSM Malaysia Reports Strong FY2024 Turnaround – Growth Likely to be Sustained 🚀

📌 4QFY2024 Performance:

PBT surged 81% YoY to RM96 million, driven by higher efficiency, better capacity utilization (64%), and lower gas costs.
Sales volume up 11% YoY, but revenue dipped 1% to RM944 million due to lower average selling price (ASP) (-11%).

📌 Full-Year 2024 Turnaround:

Revenue grew 15% YoY to RM3.54 billion.
PBT of RM75 million, reversing a LBT of RM28 million in 2023.
ASP rose 6%, sales volume increased 8%, but NY11 raw sugar (+3%) and freight costs (+22%) pressured costs.
Refining costs improved (-11%), supporting better margins.

📌 Challenges & Risks:

⚠ Sugar Prices & Forex Volatility – This year’s lower NY11 and favorable USD helped profitability but may not last.
⚠ Rising Freight & Input Costs – Global shipping and energy prices remain a challenge.
⚠ Government Incentives – Part of MSM’s revenue came from government support, which may not be recurring.

📌 Why Growth is Likely to Continue:

✅ Operational Efficiency Gains – Better capacity utilization, cost control, and refining improvements are sustainable factors.
✅ Stronger Sales & Market Expansion – MSM is expanding its domestic and export markets, ensuring long-term demand.
✅ Pricing Strategy & Government Support – MSM is working on a sustainable pricing mechanism, which will help stabilize profitability.
✅ Commitment to Dividends & Long-Term Growth – Management aims to return MSM to a dividend-paying stock, signaling confidence in continued profitability.

📌 Conclusion:

MSM’s profitability is not just a one-off event but the result of structural improvements and market expansion. While PBT may fluctuate, the company is well-positioned for continued growth through efficiency gains, strong sales volume, and a sustainable pricing strategy. Investors can expect long-term positive momentum, even if future profits do not always match the RM75 million mark. 🚀 MSM Malaysia Reports Strong FY2024 Turnaround – Growth Likely to be Sustained 🚀

📌 4QFY2024 Performance:

PBT surged 81% YoY to RM96 million, driven by higher efficiency, better capacity utilization (64%), and lower gas costs.
Sales volume up 11% YoY, but revenue dipped 1% to RM944 million due to lower average selling price (ASP) (-11%).

📌 Full-Year 2024 Turnaround:

Revenue grew 15% YoY to RM3.54 billion.
PBT of RM75 million, reversing a LBT of RM28 million in 2023.
ASP rose 6%, sales volume increased 8%, but NY11 raw sugar (+3%) and freight costs (+22%) pressured costs.
Refining costs improved (-11%), supporting better margins.

📌 Challenges & Risks:

⚠ Sugar Prices & Forex Volatility – This year’s lower NY11 and favorable USD helped profitability but may not last.
⚠ Rising Freight & Input Costs – Global shipping and energy prices remain a challenge.
⚠ Government Incentives – Part of MSM’s revenue came from government support, which may not be recurring.

📌 Why Growth is Likely to Continue:

✅ Operational Efficiency Gains – Better capacity utilization, cost control, and refining improvements are sustainable factors.
✅ Stronger Sales & Market Expansion – MSM is expanding its domestic and export markets, ensuring long-term demand.
✅ Pricing Strategy & Government Support – MSM is working on a sustainable pricing mechanism, which will help stabilize profitability.
✅ Commitment to Dividends & Long-Term Growth – Management aims to return MSM to a dividend-paying stock, signaling confidence in continued profitability.

📌 Conclusion:

MSM’s profitability is not just a one-off event but the result of structural improvements and market expansion. While PBT may fluctuate, the company is well-positioned for continued growth through efficiency gains, strong sales volume, and a sustainable pricing strategy. Investors can expect long-term positive momentum, even if future profits do not always match the RM75 million mark.

Titan Trading Notes For Tuesday [25/2/2025]:

KLCI closed red today around the 1584 points region with an overall negative market sentiment as we still saw well over 700 counters closing red along with it. Daily trading volume ended low around the 2.7 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be HM, AUMAS, RTECH, 99SMART, and SUPERMX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

AUMAS since taking a hit from its RM 0.96+ major resistance levels, been able to hold above its RM 0.785+ main support levels and rebound strong back towards the RM 0.83+ regions today with good volume.

So far seems to be trending sideways here despite strong gold performance. If able to hold support, could still bounce back towards the RM 0.86+ resistance levels soon in the coming week.

Will be monitoring AUMAS closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) on the other hand although was quite volatile today, retracing all the way back toward its RM 1.33+ main support levels after being sold on superb QR results of PAT over RM 70 million after lunch.

Towards closing, it was able to rebound strong back towards the RM 1.41 regions with good volume and buying momentum. So far seems to have formed its temporary high low regions already and if able to sustain, could trend back up towards the RM 1.55 - RM 1.60+ resistance levels soon for an uptrend continuation pattern.

Will be monitoring MSM closely.

Market has been very weak and there is a severe lack of liquidity. As such, any selling activities from foreign fund may lead to a huge sell off. As such, we have to be very defensive and selective when comes to trading our stocks.

My Trading Notes For Monday [10/2/2025]:

KLCI had a decent rebound back towards the 1590 points region on Friday with an overall positive market sentiment still. Daily trading volume also saw some improvements, trading back towards the 2.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, YTL, ASIAPLY, YTLPOWR, SRIDGE, NATGATE, GAMUDA, CIMB, TANCO, TECHBND, CFM, JCY, SIMEPROP, SNS, MSM, and IJM. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.915+ main support levels over the past few weeks, been able to hold strong and broke out all the way towards the RM 1.03+ regions with good volume and buying momentum during Friday.

For now looking quite bullish here and as long as able to hold above its RM 1 immediate support levels on the daily chart, could continue to trend back up towards the RM 1.07+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring MYEG closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels over the past 2 weeks, been rebounding strong and even broke out towards the RM 4.56 regions with good volume and buying momentum on Friday.

So far looking quite strong here and as long as able to hold above its RM 4.40+ immediate support, could continue to trend back up towards the RM 4.70 - RM 4.80+ major resistance levels soon in the coming week.

Will be monitoring GAMUDA closely here.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) o n the other hand since breaking out from its RM 1.27+ major resistance levels on Thursday, was able to maintain its buying momentum and rallied towards the RM 1.47+ regions with huge volume and buying momentum here.

Looking very strong here and as long as able to hold above its RM 1.40 support, could be testing its RM 1.52 major EMA 200 resistance levels soon on the daily chart in the coming few days.

Will be monitoring MSM closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) suddenly meletup

Titan Trading Notes For Friday [7/2/2025]:

KLCI had a decent rebound back towards the 1585 points region with an overall positive market sentiment today. Daily trading volume also settled around the 2.9 billion mark, which is a slight improvement from the day before.

Main stocks that showed strong buying momentum would be the likes of MYEG, INGENIEU, ASIAPLY, GAMUDA, GENETEC, DATAPRP, NATGATE, CBHB, YTL, KPJ, SCABLE, YTLPOWR, VS, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.915+ main support levels, was able to rebound strong and broke out towards the RM 0.99 regions today with good volume and buying momentum here on the daily chart.

So far seems to be trending upwards slowly here. As long as able to hold above its RM 0.96+ immediate support level, could continue on towards and beyond its RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels last week, been able to rebound strongly and broke out towards the RM 4.47+ regions today with good volume and buying momentum.

Seems to have formed its higher low regions already and as long as able to hold above its RM 4.30+ support levels, could continue to trend back up towards the RM 4.75+ major resistance levels soon in the coming weeks.

Will be monitoring GAMUDA closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) since consolidating over the past 6-7 months here without much volume and buying momentum, was able to breakout from its RM 1.27 resistance and rallied towards the RM 1.29 regions and closed on its intraday high.

Looking quite strong here and could be an early sign of a trend reversal. If able to hold above its RM 1.20+ immediate support levels, could continue to trend back up towards the RM 1.37 - RM 1.40+ major resistance levels soon.

Will be monitoring MSM closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) q2 2024...

PETALING JAYA: MSM Malaysia Holdings Bhd’s earnings are expected to improve, driven by higher average selling prices (ASPs) for export products, a better hedging position on the raw sugar price and potentially lower input costs, benefiting from a strengthening ringgit.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)
Research by MIDF
Neutral - TP RM1.39

"Unexpected Results Due to NRV Provision"

• Sales continued it momentum reaching RM833.1m (+11.6%yoy)
• Earnings was eroded by higher production cost (+14%yoy)
• Earnings forecast revised lower by -79%/-61%/-51%
• We downgrade our call to NEUTRAL with a revised TP of RM1.39

Analyst:
MIDF Research Team
research@midf.com.my

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)

@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.

@tapdance $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) has given back all its gains this year. Seems like the market knows something we don't...losses to be expected? Doesn't seem like a normal correction to me. Turnaround seems to be in place though, hopefully can get some clarification in the upcoming QR...

Thursday Trivia: $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) - One of the Largest Sugar Refiners in Asia

MSM Malaysia Holdings Berhad (MSM), Malaysia's leading refined sugar producer, stands out as a significant player on the global stage. Ranked number 8th worldwide and among the largest standalone refiners in Asia in terms of capacity, their annual production capacity reaches 2.05 million metric tons. $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) caters to both domestic and export demands, supplying roughly 60% of the Malaysian market share. Their prominence is further solidified by operating the largest sugar refinery in the country, MSM Prai Berhad, located in Penang.

Change in Boardroom - MADAM LOW CHOOI HOON

KUALA LUMPUR: MSM Malaysia Holdings Bhd will continue managing the hedging of sugar prices according to the market average as it looks forward to possible new mechanisms by the government to replace the temporary incentive for sugar producers.

KUALA LUMPUR: MSM Malaysia Holdings Bhd experienced a 15 percent rise in production costs in 2023, attributed to higher raw sugar prices and the depreciation of the ringgit.

© New Straits Times Press (M) Bhd

General Meetings: Outcome of Meeting

Change in Boardroom - PUAN NIK FAZILA BINTI NIK MOHAMED SHIHABUDDIN

Change in Nomination and Remuneration Committee - PUAN NIK FAZILA BINTI NIK MOHAMED SHIHABUDDIN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA

MATERIAL LITIGATIONCOMMENCEMENT OF LEGAL PROCEEDINGS BETWEEN MSM SUGAR REFINERY (JOHOR) SDN BHD (MSM JOHOR) AND GENERALI INSURANCE MALAYSIA BERHAD (FORMERLY KNOWN AS AXA AFFIN GENERAL INSURANCE BERHAD) (GENERALI) VIDE KUALA LUMPUR HIGH COURT, CIVIL SUIT NO. WA-22NCvC-333-05/2024 (WRIT ACTION).

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD)
Research by MIDF
Buy – TP RM3.60

“A Cautiously Positive Outlook"

• Robust sales at RM906.6m (+54.1%yoy)
• Earnings was eroded by elevated cost of production
• Earnings forecast: revised lower by -13%/-25%/-31%
• We maintain our BUY call with a revised TP of RM3.60

Analyst:
MIDF Research Team
research@midf.com.my

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

MSM Malaysia Holdings Bhd remained profitable for a second consecutive quarter on the back of improved margins, which offset an increase in production cost.

KUALA LUMPUR: MSM Malaysia Holdings Bhd (MSM) returned to the black with a net profit of RM41.7 million for the first quarter (Q1) ended 31 March 2024 on the back of improved margins, despite higher production cost.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: MSM Malaysia Holdings Bhd remained profitable for a second consecutive quarter on the back of improved margins, which offset an increase in production cost.