Latest news with #RM26.40
The Sun
29-05-2025
- Business
- The Sun
Johor KPDN busts LPG misappropriation activity in Simpang Renggam
KLUANG: The Johor Ministry of Domestic Trade and Cost of Living (KPDN) successfully busted a liquefied petroleum gas (LPG) misappropriation activity in Kampung Parit Haji Hashim, Simpang Renggam, here at 6 pm yesterday (May 28), with seizures totaling RM61,000. Its director, Lilis Saslinda Pornomo, stated that this operation, conducted at an LPG storage facility within an oil palm plantation, was the result of two weeks of intelligence gathering by the team. She said that inspections found gas cylinders and connecting hoses believed to be used to transfer LPG from subsidized 14-kilogram (kg) cylinders to 50-kg industrial cylinders. 'A total of 247 gas cylinders were found, and the modus operandi of this syndicate was to purchase subsidized LPG cylinders at RM26.40 per cylinder and transfer the content to industrial cylinders. 'Each industrial cylinder can be filled with the equivalent of three subsidized LPG cylinders, allowing this syndicate to reap profits of between RM50 and RM70 per cylinder, with a selling price of between RM120 and RM150. 'This misappropriation activity is also believed to be targeted at the black market,' she said at a press conference here today adding that although no arrests were made, further investigations are ongoing to identify the landowner and individuals involved in the activity. According to her, remote locations within plantations like this are often used for misappropriation activities because they are difficult for authorities to detect. The case is being investigated under the Control of Supplies Act 1961.
Yahoo
21-02-2025
- Business
- Yahoo
Is Now An Opportune Moment To Examine Malaysian Pacific Industries Berhad (KLSE:MPI)?
While Malaysian Pacific Industries Berhad (KLSE:MPI) might not have the largest market cap around , it received a lot of attention from a substantial price movement on the KLSE over the last few months, increasing to RM26.40 at one point, and dropping to the lows of RM20.66. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Malaysian Pacific Industries Berhad's current trading price of RM21.40 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Malaysian Pacific Industries Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for Malaysian Pacific Industries Berhad The stock seems fairly valued at the moment according to our valuation model. It's trading around 19% below our intrinsic value, which means if you buy Malaysian Pacific Industries Berhad today, you'd be paying a fair price for it. And if you believe that the stock is really worth MYR26.58, then there isn't much room for the share price grow beyond what it's currently trading. Is there another opportunity to buy low in the future? Since Malaysian Pacific Industries Berhad's share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Malaysian Pacific Industries Berhad's earnings over the next few years are expected to increase by 39%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? MPI's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping tabs on MPI, now may not be the most optimal time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Diving deeper into the forecasts for Malaysian Pacific Industries Berhad mentioned earlier will help you understand how analysts view the stock going forward. At Simply Wall St, we have the analysts estimates which you can view by clicking here. If you are no longer interested in Malaysian Pacific Industries Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
