Latest news with #MSMMalaysia
The Star
22-05-2025
- Business
- The Star
Intraday short selling for MSM Malaysia suspended
KUALA LUMPUR: Trading of intraday short selling (IDSS) for MSM Malaysia Holdings Bhd shares has been suspended for the rest of the day as the last done price of the approved securities dropped more than 15 per cent or 15 sen from the reference price. As of 3.46 pm, MSM Malaysia lost 20 sen, or 14.39 per cent, to RM1.19 with 8.69 million shares traded. The sugar producer fluctuated between RM1.17 and RM1.39 during the trading session to date. In a special announcement today, Bursa Malaysia said the short selling under IDSS will only be activated at 8.30 am tomorrow (May 23). - Bernama
The Star
12-05-2025
- Business
- The Star
MSM plans to revive sugar cane plantations in Malaysia
MSM Malaysia GCEO Syed Feizal Syed Mohammad –KAMARUL ARIFFFIN/TheStar Kuala Lumpur: Refined sugar producer MSM Malaysia Holdings Bhd (MSM) plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. MSM group chief executive officer Syed Feizal Syed Mohammad said this will also address increasing global risks such as climate change, geopolitical tensions, and supply chain disruptions. "Yes, MSM currently depends 100 per cent on imported raw sugar, but in the future, God willing, MSM is conducting studies to restart sugar cane agriculture in Malaysia,' he said during Saturday's 'Bual Bisnes' programme on Bernama TV. Syed Feizal added that Sarawak and the northern states of Peninsular Malaysia have been identified as suitable locations for large-scale sugar cane plantations. MSM previously operated about 4,000 hectares of sugar cane plantations in Chuping, Perlis, since the 1970s, but operations were halted as the scale was not economically viable. Additionally, the company is exploring the potential of alternatives such as palm-based palm sugar to reduce sole dependence on sugar cane. Syed Feizal explained that this approach could potentially meet consumer needs and taste preferences in the Asia-Pacific region. "In Europe, sugar beet is used as an alternative raw material source, but it does not suit the taste preferences in this region's markets. "We may conduct studies on palm sugar from Nipah coconut and other sources. Perhaps not on a large scale, but God willing, it will satisfy consumers who prefer the taste of palm sugar,' he said. Syed Feizal added that exploring alternative sources is part of the MSM's long-term strategy to enhance supply chain resilience and adapt to changing market trends. - Bernama
Malay Mail
12-05-2025
- Business
- Malay Mail
Sweet comeback: MSM to revive local sugar cane plantations to cut 100pc import dependence
KUALA LUMPUR, May 12 — Refined sugar producer MSM Malaysia Holdings Bhd (MSM) plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. MSM group chief executive officer Syed Feizal Syed Mohammad said this will also address increasing global risks such as climate change, geopolitical tensions, and supply chain disruptions. 'Yes, MSM currently depends 100 per cent on imported raw sugar, but in the future, God willing, MSM is conducting studies to restart sugar cane agriculture in Malaysia,' he said during Saturday's Bual Bisnes programme on Bernama TV. Syed Feizal added that Sarawak and the northern states of Peninsular Malaysia have been identified as suitable locations for large-scale sugar cane plantations. MSM previously operated about 4,000 hectares of sugar cane plantations in Chuping, Perlis, since the 1970s, but operations were halted as the scale was not economically viable. Additionally, the company is exploring the potential of alternatives such as palm-based palm sugar to reduce sole dependence on sugar cane. Syed Feizal explained that this approach could potentially meet consumer needs and taste preferences in the Asia-Pacific region. 'In Europe, sugar beet is used as an alternative raw material source, but it does not suit the taste preferences in this region's markets. 'We may conduct studies on palm sugar from Nipah coconut and other sources. Perhaps not on a large scale, but God willing, it will satisfy consumers who prefer the taste of palm sugar,' he said. Syed Feizal added that exploring alternative sources is part of the MSM's long-term strategy to enhance supply chain resilience and adapt to changing market trends. — Bernama
