Latest news with #MSMMalaysiaHoldingsBhd
New Straits Times
22-05-2025
- Business
- New Straits Times
MSM posts 91pct drop in Q1, flags industry headwinds
KUALA LUMPUR: MSM Malaysia Holdings Bhd's net profit dropped 91 per cent to RM3.73 million in the first quarter ended March 31, 2025 (1QFY25) from RM41.71 million a year earlier. The sharp decline was due to lower margins and reduced capacity utilisation, despite a decrease in production costs. Revenue for the quarter also fell 17.3 per cent to RM749.68 million from RM906.6 million previously due to lower sales volume and average selling prices. MSM reported a lower capacity utilisation factor of 47 per cent in the period, compared to 52 per cent last year due to plant shutdown in both refineries but it was mitigated by consistency in efficiency yield. MSM group chief executive officer Syed Feizal Syed Mohammad said the sugar industry is expected to face continued headwinds in 2025, driven by persistently high input costs and volatility in raw sugar prices amid fluctuating global production. He noted that the dumping practices of imported sugar into the country without control have also impacted sales volume and prices. However, he said the matter has been raised by the joint local sugar industry with the government authorities for needed anti-dumping actions. "The joint local sugar industry expects the matter to be resolved in ensuring price stability and food security sustainability. "Meanwhile at the global front, we remain vigilant of escalating geopolitical tensions and the ongoing trade war, both of which pose risks to global supply chains, trade flows and currency stability," Syed Feizal said. He pointed out that the company aims to expand market presence, particularly in China and the Asean region, including Vietnam, Indonesia, Singapore and the Philippines. "Our goal is to increase total export volumes to 360,000 tonnes in 2025, with an emphasis on value added products like liquid sugar and premixes from MSM Johor.
New Straits Times
22-05-2025
- Business
- New Straits Times
MSM shares hit limit down, short selling suspended
KUALA LUMPUR: MSM Malaysia Holdings Bhd saw its share price plunge to an intraday low of RM1.17 on Thursday, marking a 15.8 per cent drop from its reference price of RM1.39. The sharp decline triggered an intraday short selling (IDSS) suspension by Bursa Malaysia for the remainder of the trading day. Trading under IDSS will resume at 8.30am on Friday. As at 4.35pm, the counter had recovered slightly to RM1.19, still down 14.4 per cent, with 9.55 million shares traded. The steep drop coincided with MSM's release of its first-quarter financial results. For the quarter ended March 31, 2025, the group posted a 91 per cent year-on-year decline in net profit to RM3.73 million, compared with RM41.71 million in the same period last year. Revenue dropped 17.3 per cent to RM749.68 million from RM906.61 million previously. MSM attributed the weaker performance to lower profit margins and reduced capacity utilisation, despite lower production costs.
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
Daily Express
12-05-2025
- Business
- Daily Express
MSM Malaysia Holdings Bhd looking to revive sugar cane plantations in Malaysia
Published on: Monday, May 12, 2025 Published on: Mon, May 12, 2025 By: Bernama Text Size: MSM Malaysia Holdings Bhd is exploring the potential of alternatives such as palm sugar to reduce its sole dependence on sugar cane. (Bernama pic) Kuala Lumpur: Refined sugar producer MSM Malaysia Holdings Bhd (MSM) is planning to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. MSM group CEO Syed Feizal Syed Mohammad said this would also address the increasing global risks such as climate change, geopolitical tensions, and supply chain disruptions. 'Yes, MSM currently depends 100% on imported raw sugar, but in the future, God willing, MSM is conducting studies to restart sugar cane agriculture in Malaysia,' he said on Saturday's Bual Bisnes programme on Bernama TV. Syed Feizal said Sarawak and the northern states of Peninsular Malaysia had been identified as suitable locations for large-scale sugar cane plantations. MSM had 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. The company is also exploring the potential of alternatives such as palm sugar to reduce its sole dependence on sugar cane. Syed Feizal said this approach could 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 was part of MSM's long-term strategy to enhance supply chain resilience and adapt to changing market trends. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
12-05-2025
- Business
- New Straits Times
MSM plans to revive sugar cane plantations in Malaysia
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. Featured Videos 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.
