2021-08-06 12:20:28
MSM is the Largest standalone sugar refinery in Malaysia with production of over 1 mil MT of refined sugar products annually. It's also world number 8 in terms of its plant's total capacity. Its product / brand - "PRAI or Gula Prai" is ranked number 3 in top 10 household brands in 2020 as reported by Kantar.
2021 had been an interesting year for the company. In terms of share price movement, the company started the year hovering around RM0.50-0.60 before a huge spike in late Feb to early March led it to a 2 year high price of above RM2. Currently it's trading at around RM1.20. In the meantime, Raw sugar price have not stopped its upward momentum, currently trading at 4 year high.
The company also had been on a turnaround - after 8 consecutive quarters in the red, the past 2 have been positive!
Join us in this briefing as we speak to En Syed Feizal Syed Mohammed and his management team to get to know the sugar industry, the business of MSM and its prospects better!
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717 viewsedited 09:20